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By Rachel Goldfarb, originally published on Next New Deal

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The Case for Raising the Minimum Wage (U.S. News and World Report)

David Cooper makes the case that raising the minimum wage is not only advisable but necessary: with full-time minimum wage workers living below the poverty line, every taxpayer is subsidizing low wage employers. Not the most uplifting way to see your tax dollars at work.

Workers Strike Over Federal Contracts and Low Wage Jobs In D.C.(HuffPo)

Arthur Delaney and Dave Jamieson spoke to workers striking yesterday to protest low wages at workplaces funded by federal contracts. If taxpayers subsidize low-wage workers, this piece of the puzzle is even more frustrating, because federal contracts could set a higher wage floor.

SNAP Rolls: They’re Elevated for a Reason (On The Economy)

Jared Bernstein explains why SNAP enrollment isn’t dropping right alongside unemployment, even though that’s a pretty logical idea. Unemployment may be down, he says, but that doesn’t mean people have actually gone back to work, and in the meantime, they still need to eat.

Keynes Skeptics Find New Economic Poster Boy (NY Mag)

Jonathan Chait has discovered the new face of austerity, following the collapse of Reinhart-Rogoff: James Buchanan (the economist, not the unloved U.S. president). Buchanan argued “temporary” stimulus would create permanent long-term deficits, but Chait isn’t buying it.

Naming Names in the Dodd Frank Mess (TAP)

David Dayen wants us to stop blaming generic “Wall Street lobbyists” for gutting Dodd-Frank when they have name-brand help. Regulators like Mark Wetjen, one of the Democratic commissioners on the Commodity Futures Trading Commission, are also responsible for weaker rules.

The IRS controversy isn’t about taxes. It’s about disclosure. (WaPo)

Dylan Matthews thinks that the IRS controversy is really about the distinction between 501(c)(4)s and 527s: The former can keep donors a secret, but 527s must disclose. Apparently tea party organizations are worried that no one would donate to them if they had to own up to it.

A Keynesian Victory, but Austerity Stands Firm (NYT)

Eduardo Porter examines why Keynesian economists are running victory laps around austerians, yet austerity politics are still reigning across the globe. The intellectual battle may be won, but politicians are resisting.

New on Next New Deal

Creating Good Jobs is the Defining Issue of Our Time (Next New Deal)

Roosevelt Institute Senior Fellow Richard Kirsch knows that our biggest economic problem isn’t the deficit or national debt: It’s jobs. Good jobs, the ones that provide decent pay and benefits, are disappearing, and the economy can’t recover without them.

Originally posted to Daily Kos Economics on Wed May 22, 2013 at 06:49 AM PDT.

Also republished by Daily Kos.

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Comment Preferences

  •  With integrity, intelligence and (1+ / 0-)
    Recommended by:

    the flowers?

    I mean, corruption, breath-taking ignorance and militarism are so NOW!

    Re: "...will the American people notice, or are they dumb as sticks to quote the social historian Morris Berman who blames the culture for our problems." - don midwest. don, I'd like you to meet Woody and Twiggy. ☮ ♥ ☺

    by Words In Action on Wed May 22, 2013 at 07:18:51 AM PDT

  •  All Jobs are Good Jobs in Civilization. (0+ / 0-)

    So good that in my area you'll find white middle class laborers doing landscaping, ditch digging, highway work, roofing, framing, you name it.

    There aren't bad jobs; there are bad wages. The good wages left because we evicted them. We can bring them back.

    We are called to speak for the weak, for the voiceless, for victims of our nation and for those it calls enemy.... --ML King "Beyond Vietnam"

    by Gooserock on Wed May 22, 2013 at 08:10:08 PM PDT

  •  Many of those "Good Jobs" (0+ / 0-)

    were government jobs, particularly state and local positions. Those private sector "job creators" ain't real good at making good jobs no matter how many tax cuts you give 'em..

    -7.5 -7.28, A carrot is as close as a rabbit gets to a diamond.-Don Van Vliet

    by Blueslide on Wed May 22, 2013 at 08:41:49 PM PDT

  •  On the IRS issue (0+ / 0-)

    Mathews is correct, I think. I heard an interview on NPR and the right wing operative said exactly that.

    "People who donate to these groups have received death threats," he said. Oh yeah, sure, buddy, all those trigger happy lefties? What a crock.

    A true craftsman will meticulously construct the apparatus of his own demise.

    by onionjim on Thu May 23, 2013 at 03:11:18 AM PDT

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