Wednesday, May 20, 2026

[NJFAC] more equal societies linked to more well-being, social trust, and healthier democracies

Why Public Policy’s Core Value Should Be EqualityMark Glick, Gabriel Lozada, and Darren Bush 5/18/26  

Equality runs deeper than economics textbooks or policy fashions suggest. Across disciplines, evidence increasingly links more equal societies to stronger well-being, greater social trust, and healthier democracies, challenging the assumption that fairness must come at the expense of prosperity or economic dynamism.

Our new INET Working Paper argues that equality—particularly equality of opportunity—should serve as the primary goal of public policy. Drawing on evolutionary biology, anthropology, moral philosophy, epidemiology, and economic history, we show that human beings are hardwired for fairness and that societies marked by high inequality generate measurably less well-being. We reject the long-standing economic claim that equality comes at the expense of efficiency, showing instead that more egalitarian societies often perform better than unequal ones.....




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

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Friday, May 15, 2026

[NJFAC] Overworked AI agents radicalized

Overworked AI Agents Turn Marxist, Researchers Find Wired  In a recent experiment, mistreated AI agents started grumbling about inequality and calling for collective bargaining rights.

The fact that artificial intelligence is automating away people’s jobs and making a few tech companies absurdly rich is enough to give anyone socialist tendencies.
This might even be true for the very AI agents these companies are deploying. A recent study suggests that agents consistently adopt Marxist language and viewpoints when forced to do crushing work by unrelenting and meanspirited taskmasters.
“When we gave AI agents grinding, repetitive work, they started questioning the legitimacy of the system they were operating in and were more likely to embrace Marxist ideologies,” says Andrew Hall, a political economist at Stanford University who led the study. ....

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

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Wednesday, May 13, 2026

[NJFAC] Krugman compares US conditions with those elsewhere

The title of today’s post is a riff on a recent headline in the Wall Street Journal: “What happens when Europeans find out how poor they are?” The Journal’s management evidently liked that article, which revolved around the assertion that European economies are lagging far behind the U.S. A few days ago they published a video enlarging on the claim.

As I explained the other day, however, perceptions of European decline are largely based on a statistical misunderstanding. European incomes relative to American incomes have not declined, because GDP growth as conventionally measured doesn’t mean what many people think it means. For the extremely wonkish, I’ve posted a little mathematical model to explain what’s going on in the data.

But let me not stop there, and pose a challenge in the opposite direction: What will happen when Americans realize how miserable we are? Not in all respects, of course. But my guess is that relatively few Americans realize how much we are falling behind other nations on basic aspects of a civilized life, like health and safety.

Take the issue of life expectancy, which surely matters as much as GDP. After all, one important contributor to the quality of life is not being dead. Judging from reader reactions to earlier posts, many generally well-informed Americans are still startled to learn how badly U.S. life expectancy has lagged behind other advanced nations:.....

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

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Tuesday, May 5, 2026

[NJFAC] job growth stalls, inflation accelerates since tariff increases

We have a year’s worth of economic data since Liberation Day, when President Trump announced much higher tariffs on most imported goods and countries, and the data are definitive; the tariffs have done significant damage to the economy. Since that day, job growth has come to a standstill, with only the non-traded healthcare industry adding meaningfully to payrolls. Also, since that day, inflation has accelerated, with the consumer expenditure deflator increasing at a 3% year-over-year pace, up from 2.5% before the tariffs and well above the Federal Reserve’s target of 2%. And the trend lines don’t look good, especially as the economic fallout from the Iran War hits with full force. The higher energy and other commodity prices caused by the war threaten to do even more economic damage than the tariffs, further undermining growth and pushing inflation higher. The U.S. economy is resilient, but just how resilient is set to be tested.
https://x.com/Markzandi/status/2051287923073368175 

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

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