Linnea Lassiter at DCFPI wrote a paper on the growing unemployment rates for Black D.C. residents, and the Washington City Paper has done a recap. One hypothesis is that the culprit is a booming D.C. economy that has drawn an influx of jobs and labor that typically go to white, college-educated applicants, combined with the gentrification of the City that pushes out businesses and jobs that are black-owned or staffed by minorities: Lassiter’s research also indicates that educational attainment in itself doesn’t explain employment outcomes.
Mark Paul, “Why We Need a Federal Job Guarantee”: Further, the FJG will have a strong macroeconomic stabilization effect. During economic downturns, it would expand and hire more people; it would then shrink during economic boom periods as people move from public to better-paying private employment. Pavlina R. Tcherneva, a leading voice on the FJG’s macroeconomic effects, argues that policies like the UBI have no counter-cyclical features. Thus, when the economy takes a downturn — say as it did in 2007 — basic incomes provide no automatic stabilizers to right the sinking ship.
Jeffrey Eisenach on “Making America Rich Again” : The study focuses on Latino demographics, presents data on the role of Latinos as workers and entrepreneurs, presents data on Latino income and purchasing power, and focuses on the top 25 power Metropolitan Statistical Areas (MSAs). The data presented in this study demonstrate that the Latino community in the US is a source of both demographic and economic dynamism. Given the demographic profile of Hispanic Americans, it seems extremely likely these trends will continue in the years to come.
A few former staffers put together an online manual, Indivisible: A Practical Guide for Resisting We wrote this guide because we believe that the coming years will see an unprecedented movement of Americans rising up across the country to protect our values and our neighbors. Our goal is to provide practical understanding of how your MoCs think, and how you can demonstrate to them the depth and power of the opposition to Donald Trump and Republican congressional overreach.
Perfectly competitive markets are rare. Maximizing welfare usually requires government intervention - more regulation, not less. Maximilian Auffhammer on Berkeley Blog: “Further, we have recently learned that the Social Cost of Carbon in federal rulemaking is at risk. The Social Cost of Carbon is a number used in federal benefit cost analysis, to incorporate the global damages from greenhouse gas emissions. The president could, for example, instruct agencies to use a domestic cost of carbon, which is a fraction of the true damages from carbon emissions.
Scientists at a rally in San Francisco. “Ice has no agenda, it just melts.” Richard Brody’s Best Movies of 2016 list. Ephrat Livni referring to Ruth Whippman and America the Anxious: > She told Quartz that corporations are using these wellbeing programs to distract from serious systemic issues, like long hours, low pay, and no health insurance or vacations. And, she says, the biggest proponents of mindfulness programs are often companies that—based on labor lawsuits and settlements—exploit employees, such as Bank of America.
Sonali Mathur weighs census tracts against counties in anti-poverty programs: Initially proposed during the drafting of the American Reinvestment and Recovery Act, the 10-20-30 approach called for 10 percent of funds of federal programs subject to this plan be directed to persistent poverty counties where at least 20 percent of the population has been living in poverty for 30 years. While this may have worked for the original intent of appropriately directing the rural development funds, the county based approach may not necessarily work across a wider range of programs and may not be the right approach to address extreme poverty.
What’s the deal with this year’s Nobel prize for economics: When should workers be paid a bonus based on performance? What’s the best way to structure the contract specifying the terms for paying a bonus? Should managers have stock options as part of their contracts, or is some other arrangement preferable? When should insurance companies require co-payments, and what’s the best co-pay schedule? Here’s a way to think about contract theory.
The danger of Rent-to-Own: “If you’re doubling your money off of people who are scraping by and you’re taking advantage of their vulnerability to enrich yourself, that is being predatory,” said Beryl Satter, the author of the 2009 book “Family Properties,” which chronicled the exploitation of black homeowners in Chicago. Nearly half of Vision’s homes were bought from Fannie Mae, the government-backed mortgage firm, according to RealtyTrac. A number of tenants and former tenants interviewed said they had hoped to buy homes from Vision either by ultimately getting a mortgage or saving cash to buy a home outright.
Daniel Beekman on Seattle’s new rental housing law: And Shanna Smith, president of the National Fair Housing Alliance, said the policy means Seattle is taking a leadership role. “We’ve been asking people to address this issue for years,” but landlords always push back, said Smith. She added, “We know landlords skip people all the time, and often the people they skip are people of color, people with vouchers and families with children.” Not everyone is happy about the policy, however.