Tuesday, May 24, 2016

[NJFAC] UBI: Not The Best Public Intervention To Reduce Poverty or Income Inequality

Many, especially Libertarians, are proposing UBI because of the threat to jobs posed by new and expanding uses of robots. Here is a counter-argument. j Why The Universal Basic Income Is Not The Best Public Intervention To Reduce Poverty or Income Inequality   on 24May 2016 https://www.socialeurope.eu/2016/05/why-the-universal-basic-income-is-not-the-best-public-intervention-to-reduce-poverty-or-income-inequality/ ...

Parties that are committed to reducing inequalities should not channel that reduction through UBI, but rather through a combination of fiscal and redistributive policies and labor market interventions aimed at increasing the percentage of total income derived from labor at the cost of the percentage derived from capital – as most progressive parties are already doing.

A final observation: the growing weakness of labor explains the large deterioration of the labor market, with a third of the labor force (almost half in Southern Europe) in precarious work, one of the major reasons for the growth of poverty and of income inequalities. To believe that UBI is the solution (or part of the solution) to what has been called the "precariat" is to ignore the active causes of the deterioration of the labor market, causes that remain untouched with UBI measures. This "remaining untouched" was the primary reason liberal thinkers proposed the initial focus on UBI. It is impossible to resolve the problems of precarious work and of the precariat without touching on the relation of power, both in the state and in the labor market, between capital and labor.

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

Tuesday, May 17, 2016

[NJFAC] If more people had college degrees, would wages rise?

It has not happened over the last forty years. More education is often a good idea for the individual, but it does not lift the whole work force. Here's a short piece based on a longer report.
 
 
 
Frank Stricker
Emeritus Professor of History, CSUDH, and NJFAC Member. 
 
 
 
 
 
 
 

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Tuesday, May 3, 2016

[NJFAC] Fwd: Losing Ground: New Male College Grads Earn 26% More than New Female Grads

 
 
Straight out of college, women make $4 less per hour than men—and the gap is getting wider
Right out of college, young male college graduates are paid more than their women peers—astonishing, given that these young people by definition have the same experience. While young men with a college degree earn an average hourly wage of $20.94 early in their careers, their female counterparts earn an average hourly wage of just $16.58, or $4.36 less than men. This difference would translate to a $9,000 annual wage gap for full-time workers.
Furthermore, this gap has widened not only over the past several decades, but even over the past few years. In 1990 and 2000, young female college graduates earned 92 cents for every dollar their male counterparts made. In 2016, they earned just 79 cents on the dollar, down from 84 cents per dollar in 2015.
The best way to close the gender wage gap for people of all educational backgrounds, regardless of gender, is for all working people to see real wage increases, with women's wages increasing at a faster rate than men's. The good news is that many of the policies that will raise wages for most working people will disproportionately benefit women, including raising the minimum wage, eliminating the tipped minimum wage, and strengthening workers' collective bargaining rights. At the end of the day, all workers are sorely in need of a raise.

See related work on Wages | Women | Young workers
See more work by Teresa Kroeger and Elise Gould
 
Submittedto goodjobsforall by Frank Stricker, NJFAC, for Marguerite Rosenthal, NJFAC.
 
 
 
 
 
 
 
 

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