Economics

Can the Foodie Trend Also Help Food Workers?

Can the Foodie Trend Also Help Food Workers? Can the Foodie Trend Also Help Food Workers?

Los Angeles is trying to make good jobs vital to producing good food.

Nov 3, 2014 / Michelle Chen

What Are Republican Donors Thinking?

What Are Republican Donors Thinking? What Are Republican Donors Thinking?

Under Obama, the richer are richer than ever, but Wall Street isn’t repaying the favor.

Oct 29, 2014 / Column / Eric Alterman

The Latest Debate Over Taxing the Rich Misses One Crucial Fact

The Latest Debate Over Taxing the Rich Misses One Crucial Fact The Latest Debate Over Taxing the Rich Misses One Crucial Fact

Progressives have forgotten that taxes do more than just raise money.

Oct 29, 2014 / Mike Konczal and Bryce Covert

76 Years Ago: Fairy Tales of the Economic Family, Recovering From Munich, a Letter From an Arab Communist

76 Years Ago: Fairy Tales of the Economic Family, Recovering From Munich, a Letter From an Arab Communist 76 Years Ago: Fairy Tales of the Economic Family, Recovering From Munich, a Letter From an Arab Communist

Snippets from The Nation of October 29, 1938.

Oct 27, 2014 / Back Issues and Richard Kreitner

How a Divided Senate Could Threaten Social Security

How a Divided Senate Could Threaten Social Security How a Divided Senate Could Threaten Social Security

The prospect of a “grand bargain” could rear its ugly head if the 2014 midterms empower Maine’s Angus King.

Oct 27, 2014 / John Nichols

A Real Sharing Economy

A Real Sharing Economy A Real Sharing Economy

One of the overlooked problems driving our country’s jobs crisis isn’t unemployment—it’s just not having enough work. The shadow figure that lurks behind the unemployment rate is underemployment: people who want—and need—full-time work but are only able to find part-time hours, or who have gotten “discouraged” from job-seeking. Including those people, the broad measure of underemployment hovers around 12 percent. These days, people struggle full-time to juggle multiple part-time jobs, even as they suffer from the loss of healthcare and other social protections. They are overworked and underemployed. But it’s not that the underemployed simply want to work more; they also want to earn more. One way to square the lack of work with the need for income is work-sharing, which allows companies to distribute hours so that people work less, while ensuring that there’s still enough work to go around to prevent layoffs. For example, as explained in a new study by the National Employment Law Project, if a factory wants to cut its workforce by the equivalent of five employees, “Under work-sharing, the employer could instead reduce the hours of 25 employees by 20 percent, and those workers would receive a pro-rated [unemployment insurance] payment for their one day per week of unemployment, while maintaining any existing health and retirement benefits.” Cutting back hours typically harms workers, but what makes work-share less painful is that the government subsidizes the balance. About half of the fifty states have implemented some form of work-sharing, but now state lawmakers are approaching a year-end federal deadline to apply for funds. A bill to renew the legislation, the Layoff Prevention Act, is pending. Please support our journalism. Get a digital subscription for just $9.50! The central premise of work-sharing is that the state has a responsibility to support the restructuring of labor to protect workers. This is not a new idea: work-sharing is more widespread in European countries, particularly Belgium, Germany and Italy—and California introduced a statewide work-sharing program in the late 1970s. In the wake of the Great Recession, Washington passed legislation allowing states to use federally approved work-share programs to cope with epidemic levels of long-term joblessness. Politicians try to spin the economic crisis by talking about the need for “shared sacrifice”—code for coddling big business at the expense of workers. Now that Washington is offering a small way to redistribute workers’ time without sacrificing all their income, states have a chance to really put their money where their mouth is. Read Next: Peter Van Buren on the new minimum-wage economy

Oct 22, 2014 / Michelle Chen

Work-Sharing: A Socialist Alternative to Layoffs?

Work-Sharing: A Socialist Alternative to Layoffs? Work-Sharing: A Socialist Alternative to Layoffs?

Both unemployment and underemployment could be alleviated through a little-known federal subsidy program.

Oct 20, 2014 / Michelle Chen

One Thing Hillary Clinton Understands About Politics in 2014

One Thing Hillary Clinton Understands About Politics in 2014 One Thing Hillary Clinton Understands About Politics in 2014

Hillary Clinton may not be a populist, but she is a savvy politician.

Oct 17, 2014 / John Nichols

Minimum Wage Debate Could Doom Scott Walker

Minimum Wage Debate Could Doom Scott Walker Minimum Wage Debate Could Doom Scott Walker

John Nichols appeared on All In with Chris Hayes Wednesday night to talk about how the minimum wage debate in Wisconsin could doom Scott Walker’s re-election campaign and tank his ...

Oct 16, 2014 / John Nichols and Edward Hart

When the Workday Never Really Ends

When the Workday Never Really Ends When the Workday Never Really Ends

Flexible scheduling is creating an on-call nightmare for working people.

Oct 15, 2014 / Michelle Chen

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