By Rachel Goldfarb, originally published on Next New Deal
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The Real Lost Generation (Harper's)
Roosevelt Institute Senior Fellow and Director of the Bernard L. Schwartz Rediscovering Government Initiative Jeff Madrick considers the youth employment crisis. This problem has a ripple effect on the whole economy, but Washington isn't talking about it at all.
Rep. Sandy Levin on Why Congress Should Talk to More Unemployed Workers (WaPo)
Brad Plumer speaks to the Representative about the looming deadline to continue funding for extended unemployment benefits. The benefits wouldn't be phased out this time - it would be an immediate cut off at the end of the year.
San Francisco Workers Can Now Request Flexible Work Schedules—But Not Predictable Ones (RH Reality Check)
Sheila Bapat says that while San Francisco is still ahead of the curve on progressive work policy, it missed something important in a recent new ordinance. Guaranteeing flexible schedules is great, but many workers really need predictable schedules week-to-week.
Poor, with Savings (TAP)
Monica Potts writes about an innovative program in New York City that is helping the poor to save money. Most tax incentives for saving target middle- and upper-income families, but tax deferrals on 401(k)s don't do much for families struggling to get by.
Micro-Apartments: More Trouble Than They’re Worth? (Remapping Debate)
David Noriega considers how micro-apartments being built in New York City fit into housing policy as a whole. He suggests that these tiny studios are unlikely to serve as a real solution to the lack of affordable housing.
JP Morgan's $13bn Settlement – the Record-Setting Penalty Explained (The Guardian)
Heidi Moore explains the details of the JPMorgan Chase settlement with the Justice Department for its part in the mortgage crisis. About $4 billion of that settlement is going to help homeowners - but it will be hard to measure the impact of that money.
New on Next New Deal
Roosevelt Institute Fellow Mike Konczal writes about an exchange between Ben Bernanke and Larry Summers at an International Monetary Fund event last week. Summers admitted that there may be a need for more permanent government stimulus.