[NJFAC] Why the US Cannot Reverse Its Manufacturing Decline

Mission Impossible: Why the US Cannot Reverse Its Manufacturing Decline Posted on November 3, 2025 by Yves Smith

Steve Keen highlighted a YouTube video on why the US manufacturing goose is cooked and will stay cooked. The points it makes are broader than the observation we have repeatedly made, that for the US to have any hope of resoring its industrial capacity, it will require way more than just tariffs but sustained industrial policy. But as we will explains, it also is romantically anchored in a past of manufacturing as a generator of many and good middle class jobs, when production is now highly automated and requires few if any workers.....

--

June Zaccone
National Jobs for All Network
http://www.njfac.org

--
This list is only for announcements, so you may not post. To contact the list manager, write to junez [at] njfac.org
---
You received this message because you are subscribed to the Google Groups "goodjobs" group.
To unsubscribe from this group and stop receiving emails from it, send an email to goodjobsforall+unsubscribe@googlegroups.com.
To view this discussion visit https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmAhYC%2BGofzwhsXo6-E8quNTZ3rMGEnrfBdxQ-yFd6%2B7bQ%40mail.gmail.com.

[NJFAC] Economic Populism Has Broad Appeal in the Rust Belt

Report: Economic Populism Has Broad Appeal in the Rust Belt By Editors [of Jacobin]

....

An exhaustive new survey from the Center for Working-Class Politics and its partners finds that strong economic populism resonates across Ohio, Michigan, Wisconsin, and Pennsylvania — and that independent candidates outperform Democrats delivering the same message.....

Voter disillusionment with Democrats is more about failure and less about ideological extremism. Across Democrats, independents, and Republicans, many described the party as corrupt, out of touch, unwilling to fight for working people, and not a party for working people. While some of these critiques bled into broader claims that Democrats are focused on the wrong priorities, only small minorities cited "wokeness" or extremism (3% of Democrats, 11% of independents, and 19% of Republicans)....

The most popular economic policies are bold, tangible, and grounded in fairness — and can unite voters across class and partisan lines. Across twenty-five ranked proposals, policies that reduced costs, curbed corporate abuse, and held elites accountable (capping drug prices, taxing the wealthy, and even enacting a federal jobs guarantee) consistently performed best. Support for many of these policies cut across ideological and class divisions, highlighting the potential of economic populism to build the broad coalitions progressives need to win.....

Independent populist politics may offer a credible path forward. Across the four Rust Belt states we surveyed, 57% of respondents supported the creation of a new Independent Workers Political Association (IWPA), with especially strong enthusiasm among noncollege voters, renters, voters of color, and the economically insecure. The idea of an IWPA drew significant support from Republicans and independents as well — suggesting a realignment opportunity grounded in economic populism.....

You can read the full report here.

--

June Zaccone
National Jobs for All Network
http://www.njfac.org

--
This list is only for announcements, so you may not post. To contact the list manager, write to junez [at] njfac.org
---
You received this message because you are subscribed to the Google Groups "goodjobs" group.
To unsubscribe from this group and stop receiving emails from it, send an email to goodjobsforall+unsubscribe@googlegroups.com.
To view this discussion visit https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmARqGTH9zR-So1ee0GHCu7UYEFWzhJvFkqbSo9dLWQ47Q%40mail.gmail.com.

[NJFAC] on market effects; Friedman on helping those in need

The Milton Friedman Question  good rundown on results of market dominance. below, a comment: https://www.nakedcapitalism.com/2025/09/the-milton-friedman-question.html#comment-4290669

Michael Hudson: Milton Friedman was indeed a propagandist. Toward that end, he invited my then-boss, Herman Kahn, to join the UI/Chicago faculty around 1975. Herman was himself a great ideological salesman. (I learned a lot from him.)

When Herman and his wife Jane met with Friedman, Jane asked whether there weren't some services that were appropriate for government — such as protecting widows and orphans, or sick in need of medical help. Friedman replied: "Mrs. Kahn, why do you want to subsidize the supply of widows and orphans, or the sick?"
Herman decided not to go to Chicago, despite his ideological sympathy with Friedman.

--

June Zaccone
National Jobs for All Network
http://www.njfac.org

--
This list is only for announcements, so you may not post. To contact the list manager, write to junez [at] njfac.org
---
You received this message because you are subscribed to the Google Groups "goodjobs" group.
To unsubscribe from this group and stop receiving emails from it, send an email to goodjobsforall+unsubscribe@googlegroups.com.
To view this discussion visit https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmCv%3DDPzsTjJfy%2BMF9WWz7wq1wzUuOshFt_%3DR4nmWY89LQ%40mail.gmail.com.

[NJFAC] top 400 richest Americans now taxed less than general population

Report shows top 400 richest Americans now taxed less than general population by Edward Lempinen, University of California - Berkeley https://phys.org/news/2025-09-richest-americans-taxed-general-population.html edited by Lisa Lock, reviewed by Andrew Zinin September 8, 2025

Total effective tax rates for the 400 wealthiest Americans have declined sharply in recent years, and they now pay a smaller percentage of their true income in taxes than the average American, according to new economic research from UC Berkeley.

For that highest cadre of the economic elite—the top 0.0002%—the effective tax rate fell from 30% in 2010–2017 to 23.8% in 2018–2020, says the new research. The wealthy paid lower overall taxes because they were able to shelter more of their business income from taxes, and on the income they did report, tax rates were lower, the authors said.

"When taking a comprehensive view of taxation and income, ultra-high-net-worth individuals appear less taxed than the average American," they concluded.

The findings were reported in "How Much Tax Do U.S. Billionaires Pay? Evidence from Administrative Data," a working paper from the National Bureau of Economic Research. The research was conducted by influential faculty economists Emmanuel Saez, Danny Yagan and Gabriel Zucman, and by UC Berkeley Ph.D. student Akcan S. Balkir....

--

June Zaccone
National Jobs for All Network
http://www.njfac.org

--
This list is only for announcements, so you may not post. To contact the list manager, write to junez [at] njfac.org
---
You received this message because you are subscribed to the Google Groups "goodjobs" group.
To unsubscribe from this group and stop receiving emails from it, send an email to goodjobsforall+unsubscribe@googlegroups.com.
To view this discussion visit https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmD%2BgA8w-v6Po-pncuDiQBLF56bviD3PRBAOnOEHQsLLqQ%40mail.gmail.com.

[NJFAC] Social Security is the most valuable asset most Americans have.

Americans' Most Valuable Asset Isn't Stocks or a Home. It's Social Security.

By Jeff Sommer Sept. 5, 2025

Social Security is the most valuable thing most Americans have.

I don't mean this in an abstract sense. In purely financial terms, the Social Security check that you are getting now or have a right to receive when you are older is your most valuable financial asset.

That statement is true for nearly everyone except those in the top 10 percent of the wealth distribution in the United States. And for people right in the middle, Social Security amounts to roughly one-third of their total wealth, on average, according to an eye-opening study by the nonpartisan Congressional Budget Office.

For poorer people, Social Security isn't just the most valuable asset they've got. It can be absolutely crucial — the difference in old age between destitution and a bare modicum of survival. And it helps people with disabilities and children as well as older Americans. Social Security lifts more people out of poverty than any government program, according to a separate study by an independent research institute the Center on Budget and Policy Priorities.

Anything this important ought to receive far more attention and respect than it has been getting. Instead, Social Security is a neglected responsibility of the political classes — a precious 90-year-old legacy that has been allowed to fall into disrepair....

--

June Zaccone
National Jobs for All Network
http://www.njfac.org

--
This list is only for announcements, so you may not post. To contact the list manager, write to junez [at] njfac.org
---
You received this message because you are subscribed to the Google Groups "goodjobs" group.
To unsubscribe from this group and stop receiving emails from it, send an email to goodjobsforall+unsubscribe@googlegroups.com.
To view this discussion visit https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmDc2vPNs4x_SMXBa-dVdsz2%2Bq98EexG6hQvJCfiQuz4LQ%40mail.gmail.com.

[NJFAC] BLS benchmark revisions are necessary for timely and accurate data

Real Data, Real Insight  In this email we discuss the BLS preliminary benchmark revisions, the most recent jobs report.. This week's BLS preliminary benchmark revisions are necessary for timely and accurate data—not fodder for Trump's attacks This week's preliminary benchmark announcement from the Bureau of Labor Statistics reveals weaker job growth between March 2024 and March 2025 than when it was first reported based on survey data. Even though these changes mostly reflect the economy before he took office, President Trump and the White House have attacked government data revisions as political manipulation. Understand the process In addition, Elise Gould offers further insights via Bluesky on the jobs numbers released on September 5th. Read Elise's post on our blog 🦋 Read Elise's posts on Bluesky 🦋 View EPI on Bluesky 🦋 View the EPI Starter Pack on Bluesky State Policy Updates SUPPORT We need your help in order to continue our work on behalf of workers and their families. Our donors value our high-quality research, reputation for truth-telling, and practical policy solutions. Your tax-deductible gift to EPI makes you an important partner in providing this critical public service. Support EPI Trending Publications 📈 Unions raise wages. Tariffs don't.  📈 Don't be fooled—U.S.-born workers are facing a worse labor market in 2025   📈 Trump's deportation agenda will destroy millions of jobs: Both immigrants and U.S.-born workers would suffer job losses, particularly in construction and child care  📈 State unemployment by race and ethnicity (Q2 2025)  📈 Unions aren't just good for workers—they also benefit communities and democracy  Top Tools ⚙️ Family Budget Calculator ⚙️ Wage Stagnation in 9 Charts ⚙️ Minimum Wage Tracker ⚙️ The Productivity-Pay Gap ⚙️ U.S. Tax & spending explorer

--

June Zaccone
National Jobs for All Network
http://www.njfac.org

--
This list is only for announcements, so you may not post. To contact the list manager, write to junez [at] njfac.org
---
You received this message because you are subscribed to the Google Groups "goodjobs" group.
To unsubscribe from this group and stop receiving emails from it, send an email to goodjobsforall+unsubscribe@googlegroups.com.
To view this discussion visit https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmC_WDSzNwhfhEWTJd25FM4HGjDdRNo%3Dd6hK5Oc7dXrEbg%40mail.gmail.com.

[NJFAC] Please Save the Date: Monday, October 27: Columbia University Seminar on Full Employment, Social Welfare, and Equity

Supporters of Jobs for All:

Several members of NJFAN are also members of this Seminar. You are welcome to join us on zoom [or in person, if you are in NYC] on the dates below for a presentation and discussion:

Dear Friends,

We hope you've had a good summer. For the coming 2025-26 academic year, we're looking forward to meeting with you  on the following Dates:  

• Monday, October 27 
• Monday,  November 10
• Monday, December 1
• Monday, February 2
• Monday, March 2
• Monday, April 13

All meetings begin at 7:15 PM Eastern TIme

WE ARE PLEASED TO ANNOUNCE THE PROGRAM FOR OUR FIRST MEETING OF THE YEAR:

Speaker: David Radcliffe, State and Local Policy Director, The New School's Institute on Race, Power and Political Economy

Presentation: "Baby Bonds, Job Guarantee, and Building a Just Economy"

More about David Radcliffe and his Presentation will follow. 

This will be a hybrid meeting. Participants in the New York Metropolitan area are invited to meet at Columbia University Faculty House for 6:00PM dinner (optional) and the presentation, beginning at 7:15PM.

All meetings are available via zoom

Invitations with options for attendance at Faculty House and via zoom for the October 27 meeting will follow. Meantime, please mark your calendars.

We are looking forward to meeting with you in the coming year.  

If you received this email from someone else and would like to be added to the seminar mailing list, please email Chuck Bell at charleswfbell@gmail.com

Warm regards,

Chuck Bell
Trudy Goldberg
Co-Chairs

--

June Zaccone
National Jobs for All Network
http://www.njfac.org

--
This list is only for announcements, so you may not post. To contact the list manager, write to junez [at] njfac.org
---
You received this message because you are subscribed to the Google Groups "goodjobs" group.
To unsubscribe from this group and stop receiving emails from it, send an email to goodjobsforall+unsubscribe@googlegroups.com.
To view this discussion visit https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmCRYp6YrsK8jD9hRgmFTg1B3fn2wUYOG-hAHbpH7DtC9A%40mail.gmail.com.