tag:blogger.com,1999:blog-47868282937588782782024-03-24T16:32:41.178-07:00Good Jobs for AllUnknownnoreply@blogger.comBlogger290125tag:blogger.com,1999:blog-4786828293758878278.post-89589392613418575832024-03-19T08:37:00.001-07:002024-03-19T08:37:19.840-07:00[NJFAC] U.S. Billionaire Wealth: Up 88% in 4 years<div dir="ltr"><h1 class="gmail-page-title gmail-small-title" style="opacity:1"><font size="4">Total U.S. Billionaire Wealth: Up 88 Percent over Four Years </font><font size="2">Four years after the start of the Covid-19 pandemic, the United States has 737 billionaires with a combined wealth of more than $5.5 trillion.</font> <font size="1">March 18, 2024 </font><font size="2">by <a href="https://inequality.org/authors/chuck-collins">Chuck Collins</a> <a href="https://inequality.org/authors/omar-ocampo">Omar Ocampo</a></font> </h1><div class="gmail-details"> </div><p>Four years ago, the United States entered the Covid-19 pandemic. <em>Forbes</em> published its <a href="https://www.forbes.com/sites/forbespr/2020/04/07/forbes-publishes-34th-annual-list-of-global-billionaires/?sh=f20a7d13edfa">34th annual billionaire survey</a> shortly after with data keyed to March 18, 2020. On that day, the United States had 614 billionaires who owned a combined wealth of $2.947 trillion.</p> <p>Four years later, on March 18, 2024, the country has <strong>737 billionaires</strong> with a combined wealth of <strong>$5.529 trillion</strong>, an <strong>87.6 percent increase</strong> of $2.58 trillion, according to Institute for Policy Studies calculations of <em>Forbe</em>s <a href="https://www.forbes.com/real-time-billionaires/#a9ac9993d788">Real Time Billionaire Data</a>. (Thank you, <em>Forbes</em>!)</p> <p>The last four years have been great for particular billionaires:</p> <p>On March 18, 2020, Tesla CEO <strong>Elon Musk</strong> had wealth valued just under $25 billion. By May 2022, his wealth had surged to $255 billion. As of March 18, 2024, Musk is at $188.5 billion, more than a seven-fold increase in four years.</p> <p>Over four years, Amazon founder<strong> Jeff Bezos</strong> has seen his wealth increase from $113 billion to 192.8 billion, even after paying out tens of billions in a divorce settlement and donating tens of billions to charity.</p> <p>Three <strong>Walton family</strong> members — <strong>Jim, Alice, and Rob</strong> — are the principal heirs to the Walmart fortune. They saw their combined assets rise from $161.1 billion to $229.6 billion.</p> <p>In 2020, only one billionaire — Jeff Bezos — had $100 billion or more. Today, <strong>the entire top ten are centi-billionaires</strong>, bringing their collective wealth to a staggering <strong>$1.4 trillion</strong>.</p> <p>The only billionaire on the 2020 top 15 wealthiest Americans list to see their wealth decline in four years was <strong>MacKenzie Scott</strong>. Four years ago, on March 18, 2020, the ex-wife of Jeff Bezos had a net worth of $36 billion. It has declined to $35.4 billion due to her aggressive giving to charity.....</p><br><span class="gmail_signature_prefix">-- </span><br><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr">June Zaccone<br>National Jobs for All Network<br><a href="http://www.njfac.org" target="_blank">http://www.njfac.org</a></div></div></div> <p></p> -- <br /> This list is only for announcements, so you may not post. To contact the list manager, write to junez [at] njfac.org<br /> --- <br /> You received this message because you are subscribed to the Google Groups "goodjobs" group.<br /> To unsubscribe from this group and stop receiving emails from it, send an email to <a href="mailto:goodjobsforall+unsubscribe@googlegroups.com">goodjobsforall+unsubscribe@googlegroups.com</a>.<br /> To view this discussion on the web visit <a href="https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmCWFVYPYa7TrUhacu6giq8Q-v3iAcz2oo-zdujbJYJrig%40mail.gmail.com?utm_medium=email&utm_source=footer">https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmCWFVYPYa7TrUhacu6giq8Q-v3iAcz2oo-zdujbJYJrig%40mail.gmail.com</a>.<br /> Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4786828293758878278.post-76313906203463851242024-03-16T09:59:00.001-07:002024-03-16T09:59:29.892-07:00[NJFAC] the CARES act and its loss: the appeal of Trump<div dir="ltr"><div class="gmail_quote"><div><div style="font-family:Arial,Helvetica,sans-serif;font-size:16px"><div dir="ltr"><div><div><span style="font-weight:normal"><font size="4" style="background-color:inherit"><a href="https://www.nytimes.com/2024/03/12/opinion/covid-economy-safety-net.html">Is This What Happens When You Build a Real Social Safety Net, Then Take It Away?</a></font></span></div><h1 id="m_-8045630435270824719ydp90846573link-39f9d55f"><span style="font-weight:normal"><font size="4" style="background-color:inherit"><span><p><span>By </span><span>Bryce Covert <i>NY Times</i> </span>March 12, 2024</p></span></font></span></h1><div dir="ltr"><div><div><div dir="ltr"><div><p>It's a riddle that economists have struggled to decipher. The U.S. economy seems robust on paper, yet Americans are dissatisfied with it. But hardly anyone seems to have paid much attention to the whirlwind experience we just lived through: We built a real social safety net in the United States and then abruptly ripped it apart.</p><p>Take unemployment insurance. <span style="background-color:rgb(253,239,43)">The CARES Act, passed in March 2020, included the largest increase in <span>benefits</span> and <span>eligibility</span> in American history.</span> It offered people "a sense of relief," said Francisco Díez, senior policy strategist for economic justice with the Center for Popular Democracy, which organized unemployed people in the pandemic. "A feeling like they could breathe and figure out what they could do."</p><div id="m_-8045630435270824719ydp16570f48enhancr_card_1208056368" style="max-width:400px;font-family:"YahooSans VF",YahooSans,"OpenSans VF","Helvetica Neue","Segoe UI",Helvetica,Arial,sans-serif"><a href="https://www.jpmorganchase.com/institute/research/household-income-spending/lessons-learned-pandemic-unemployment-assistance-program-covid" style="text-decoration-line:none!important;text-decoration-style:solid!important;text-decoration-color:currentcolor!important;color:rgb(0,0,0)!important" rel="nofollow" target="_blank"><table border="0" cellpadding="0" cellspacing="0" style="max-width:400px"><tbody><tr><td width="400"><table border="0" cellpadding="0" cellspacing="0" width="100%" style="max-width:400px;border-width:1px;border-style:solid;border-color:rgb(224,228,233);border-radius:2px"><tbody><tr><td background="https://s.yimg.com/lo/api/res/1.2/Fyosk15JvKiVOrN8tSxFag--~A/Zmk9ZmlsbDt3PTQwMDtoPTIwMDthcHBpZD1pZXh0cmFjdA--/https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/institute/thumbnails/thumbnail-pandemic-unemployment.jpg.cf.jpg" bgcolor="#000000" valign="top" height="175" style="background-color:rgb(0,0,0);background-repeat:no-repeat;background-size:cover;border-radius:2px 2px 0px 0px;min-height:175px"><table border="0" cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr><td background="https://s.yimg.com/cv/ae/nq/storm/assets/enhancrV21/1/enhancr_gradient-400x175.png" bgcolor="transparent" valign="top" style="background-color:transparent;border-radius:2px 2px 0px 0px;min-height:175px"><table border="0" height="175" style="width:100%;min-height:175px"><tbody><tr><td style="text-align:left;padding:15px 0 0 15px;vertical-align:top"></td><td style="text-align:right;padding:15px 15px 0 0;vertical-align:top"><div></div></td></tr></tbody></table></td></tr></tbody></table></td></tr><tr><td><table border="0" align="center" cellpadding="0" cellspacing="0" style="background-color:rgb(255,255,255);background-repeat:repeat;background-image:none;background-size:auto;width:100%;max-width:400px;border-radius:0px 0px 2px 2px;border-top:1px solid rgb(224,228,233)"><tbody><tr><td style="background-color:#ffffff;padding:16px 0 16px 12px;vertical-align:top;border-radius:0 0 0 2px"></td><td style="vertical-align:middle;padding:12px 24px 16px 12px;width:99%;font-family:"YahooSans VF",YahooSans,"OpenSans VF","Helvetica Neue","Segoe UI",Helvetica,Arial,sans-serif;border-radius:0 0 2px 0"><h2 style="font-size:14px;line-height:19px;margin:0px 0px 6px;font-family:"YahooSans VF",YahooSans,"OpenSans VF","Helvetica Neue","Segoe UI",Helvetica,Arial,sans-serif;color:rgb(29,34,40);max-width:314px">Lessons learned from the Pandemic Unemployment Assistance Program during...</h2><p style="font-size:12px;line-height:16px;margin:0px;color:rgb(151,158,168)"></p></td></tr></tbody></table></td></tr></tbody></table></td></tr></tbody></table></a><div style="width:100%;height:100%;display:flex;background-color:rgba(255,255,255,0.3)"><div><div><u></u><u></u><u></u><u></u><u></u><u></u></div></div></div></div>....</div></div></div></div></div></div></div></div></div></div><span class="gmail_signature_prefix">-- </span><br><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr">June Zaccone<br>National Jobs for All Network<br><a href="http://www.njfac.org" target="_blank">http://www.njfac.org</a></div></div></div> <p></p> -- <br /> This list is only for announcements, so you may not post. To contact the list manager, write to junez [at] njfac.org<br /> --- <br /> You received this message because you are subscribed to the Google Groups "goodjobs" group.<br /> To unsubscribe from this group and stop receiving emails from it, send an email to <a href="mailto:goodjobsforall+unsubscribe@googlegroups.com">goodjobsforall+unsubscribe@googlegroups.com</a>.<br /> To view this discussion on the web visit <a href="https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmBDX5TtYrZBG3nU00LYVHuXsQdo%3Dpw4cmS8Eoi%2BhQJ%2BNg%40mail.gmail.com?utm_medium=email&utm_source=footer">https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmBDX5TtYrZBG3nU00LYVHuXsQdo%3Dpw4cmS8Eoi%2BhQJ%2BNg%40mail.gmail.com</a>.<br /> Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4786828293758878278.post-57276692131543225392024-03-15T06:36:00.000-07:002024-03-15T06:37:00.838-07:00[NJFAC] perhaps why many are gloomy about their economic prospects<div dir="ltr"><div class="gmail_quote"><div><div style="font-family:Arial,Helvetica,sans-serif;font-size:16px"><div dir="ltr"><div><div><div><div><h1><span style="font-weight:normal"><font face=""bookman old style", "new york", times, serif" style="background-color:inherit" size="4"><a href="https://www.theguardian.com/us-news/2024/mar/12/parents-adult-children-financial-support" target="_blank">Nearly 50% of US parents financially supporting adult children, study finds</a></font></span></h1></div></div></div><div><div><p>Soaring costs of food and housing forcing many to still rely on parents to cover expenses, as they risk retirement security <a href="https://www.theguardian.com/profile/erum-salam" rel="nofollow" target="_blank">Erum Salam</a><span> 12 Mar 2024</span></p></div></div><p>Nearly half of <a href="https://www.theguardian.com/us-news" rel="nofollow" target="_blank">US</a> parents provide some kind of financial support to their adult children, who are grappling with higher food and living costs than they did, a new study has found.</p><p>The study – conducted by <a href="https://www.savings.com/insights/financial-support-for-adult-children-study" rel="nofollow" target="_blank">Savings.com</a> – found that young, working-class Americans were not substantially benefiting from the recovery of the country's economy, as "evidenced by high employment, falling inflation, and economic growth". That has forced many of them to continue to rely on their parents to help cover costs of living.</p><div id="m_-4252756085479901086ydpd8ecd941sign-in-gate"></div><p>The average age of adults receiving financial help from their parents – sometimes at the risk of the parents' retirement security – was 22, according to the study. And while parents surveyed in the study on average said their adult children should become financially independent by 25, many were supporting those children beyond that milestone.</p><p>Of parents providing support, 21% were helping millennials (age 28-43) or members of gen X (age 44-59). Millennials and gen X adult children were on average given between $907 and $960 each month by their parents.</p><p>Gen Z adults (between 18 and 27) were getting more help from their mothers and fathers, averaging about $1,515 monthly.....</p></div></div></div></div></div><span class="gmail_signature_prefix">-- </span><br><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr">June Zaccone<br>National Jobs for All Network<br><a href="http://www.njfac.org" target="_blank">http://www.njfac.org</a></div></div></div> <p></p> -- <br /> This list is only for announcements, so you may not post. To contact the list manager, write to junez [at] njfac.org<br /> --- <br /> You received this message because you are subscribed to the Google Groups "goodjobs" group.<br /> To unsubscribe from this group and stop receiving emails from it, send an email to <a href="mailto:goodjobsforall+unsubscribe@googlegroups.com">goodjobsforall+unsubscribe@googlegroups.com</a>.<br /> To view this discussion on the web visit <a href="https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmDAo19wzfhfobm2o4K07C%3DsW%2BLTMyOwu6_tym6nJkXRYg%40mail.gmail.com?utm_medium=email&utm_source=footer">https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmDAo19wzfhfobm2o4K07C%3DsW%2BLTMyOwu6_tym6nJkXRYg%40mail.gmail.com</a>.<br /> Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4786828293758878278.post-82256554117545618952024-03-08T10:29:00.001-08:002024-03-08T10:29:47.508-08:00[NJFAC] The Most Technologically Progressive Decade of the Century [for the US] : 1929-1941<div dir="ltr"><div class="gmail_quote"><div><div style="font-family:Arial,Helvetica,sans-serif;font-size:16px"><div dir="ltr"><div><div dir="ltr"><div><a href="https://scholarcommons.scu.edu/cgi/viewcontent.cgi?article=1117&context=econ" target="_blank">The Most Technologically Progressive Decade of the Century</a><br>By ALEXANDER J. FIELD*</div><div><br></div></div><div>Because of the Depression's place in both the <br></div>popular and academic imagination, and the re-<br>peated and justifiable emphasis on output that<br>was not produced, income that was not earned,<br>and expenditure that did not take place, it will<br>seem startling to propose the following hypoth-<br>esis: the years 1929 –1941 were, in the aggre-<br>gate, the most technologically progressive of<br>any comparable period in U.S. economic history.1<br>The hypothesis entails two primary claims: that<br>during this period businesses and government<br>contractors implemented or adopted on a more<br>widespread basis a wide range of new technol-<br>ogies and practices, resulting in the highest rate<br>of measured peacetime peak-to-peak multifac-<br>tor productivity growth in the century, and sec-<br>ondly, that the Depression years produced<br>advances that replenished and expanded the lar-<br>der of unexploited or only partially exploited<br>techniques, thus providing the basis for much of<br>the labor and multifactor productivity improve-<br>ment of the 1950's and 1960's.<br>The hypothesis does not imply that all of the<br>effects of the advances registered in the decade<br>were immediately felt in the productivity data,<br>nor, on the other hand, does it dismiss the sig-<br>nificance of larder-stocking during the 1920's<br>and earlier, upon which measured advance<br>built. Rather, it draws our attention to the prob-<br>ability that progress in invention and innovation<br>in the 1930's was significant, in ways not well<br>appreciated, both in facilitating the remarkable<br>U.S. economic performance before and during<br>World War II, and in establishing foundations<br>for the prosperity of the 1950's and 1960's.</div><div>....<br></div></div></div></div></div><br><span class="gmail_signature_prefix">-- </span><br><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr">June Zaccone<br>National Jobs for All Network<br><a href="http://www.njfac.org" target="_blank">http://www.njfac.org</a></div></div></div> <p></p> -- <br /> This list is only for announcements, so you may not post. To contact the list manager, write to junez [at] njfac.org<br /> --- <br /> You received this message because you are subscribed to the Google Groups "goodjobs" group.<br /> To unsubscribe from this group and stop receiving emails from it, send an email to <a href="mailto:goodjobsforall+unsubscribe@googlegroups.com">goodjobsforall+unsubscribe@googlegroups.com</a>.<br /> To view this discussion on the web visit <a href="https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmCbeo1u5_US2dE1ShQe283mQ%2BL0MsOu-695uMFcC0WzMw%40mail.gmail.com?utm_medium=email&utm_source=footer">https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmCbeo1u5_US2dE1ShQe283mQ%2BL0MsOu-695uMFcC0WzMw%40mail.gmail.com</a>.<br /> Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4786828293758878278.post-49734511151597064752024-02-15T09:13:00.001-08:002024-02-15T09:13:57.807-08:00[NJFAC] Tell Congress: No “fiscal commission” that threatens Social Security and Medicare<div dir="ltr"><br><div class="gmail_quote"><div><div id="m_1081951553117024582ydpb7e83b9ayahoo_quoted_8973564224"><div style="font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:13px;color:#26282a"><div></div> <div><div id="m_1081951553117024582ydpb7e83b9ayiv7296779026"><div dir="ltr"><div><div>Stop Fast Track Cuts to Social Security<br><div><br></div><div><font face="times new roman, serif">Dear Friends,</font></div><div><font face="times new roman, serif"><br></font></div></div><div><font face="times new roman, serif"><span style="font-size:11pt">The National Jobs for All Network is dedicated to the enactment of Franklin Roosevelt's Economic or Second Bill of Rights in which the guarantee of living-wage work is the "first and most fundamental" economic right and "security in old age" is one of the essential components.</span><br></font></div></div><div> <p style="margin:0in;line-height:normal;font-size:11pt"><font face="times new roman, serif"> </font></p> <p style="margin:0in;line-height:normal;font-size:11pt"><font face="times new roman, serif">As Roosevelt stated in his 1945 State of the Union address:</font></p> <p style="margin:15pt 0in 12.75pt 40px;line-height:normal;font-size:11pt"><i><span style="color:rgb(17,17,17)"><font face="times new roman, serif" style="background-color:inherit">Of these rights the most fundamental, and one on which the fulfillment of the others in large degree depends, is the "right to a useful and remunerative job in the industries or shops or farms or mines of the Nation." In turn, others of the economic rights of American citizenship, such as the right to a decent home, to a good education, to good medical care, to social security, to reasonable farm income, will, if fulfilled, make major contribution contributions to achieving adequate levels of employment.</font></span></i></p><p style="margin:15pt 0in 12.75pt;line-height:normal;font-size:11pt"><span style="font-family:new serif;font-size:large">Please consider signing the following Action Alert.</span></p></div><div><div><span style="font-family:new serif">Best regards,</span><br></div><div><span style="font-family:comic sans ms,sans-serif">Trudy Goldberg</span><font face="times new roman, serif">, Chair</font></div><div><font face="times new roman, serif">National Jobs for All Network <br></font></div><blockquote style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex"><div dir="ltr"><div><div><div style="min-height:100%;margin:0px;padding:0px;width:100%"> <span style="display:none;font-size:0px;line-height:0px;max-width:0px;min-height:0px">We cannot balance the federal budget on the backs of older Americans, people with disabilities, and low-income communities.</span> <center> <table align="center" border="0" cellpadding="0" cellspacing="0" height="100%" width="100%" id="m_1081951553117024582ydpb7e83b9ayiv7296779026m_-1780590401598157137m_3177598901473535622bodyTable" style="border-collapse:collapse;min-height:100%;margin:0px;padding:0px;width:100%"> <tbody><tr> <td align="center" valign="top" id="m_1081951553117024582ydpb7e83b9ayiv7296779026m_-1780590401598157137m_3177598901473535622bodyCell" style="min-height:100%;margin:0px;padding:0px;width:100%"> <table border="0" cellpadding="0" cellspacing="0" width="100%" style="border-collapse:collapse"> <tbody><tr> <td align="center" valign="top" id="m_1081951553117024582ydpb7e83b9ayiv7296779026m_-1780590401598157137m_3177598901473535622templateHeader" style="background-color:rgb(255,255,255);background-repeat:no-repeat;background-image:none;background-size:auto;border-top:60px rgb(255,255,255);border-bottom:0px;padding-top:20px;padding-bottom:30px"> <table align="center" border="0" cellpadding="0" cellspacing="0" width="100%" style="border-collapse:collapse;max-width:600px"> <tbody><tr> <td valign="top" style="background-color:rgb(255,255,255);background-repeat:no-repeat;background-image:none;background-size:auto;border-top:1px;border-bottom:0px;padding-top:0px;padding-bottom:0px"><table border="0" cellpadding="0" cellspacing="0" width="100%" style="min-width:100%;border-collapse:collapse"> <tbody> <tr> <td valign="top" style="padding:0px"> <table align="left" width="100%" border="0" cellpadding="0" cellspacing="0" style="min-width:100%;border-collapse:collapse"> <tbody><tr> <td valign="top" style="padding:0px;text-align:center"> <img align="middle" alt="" src="https://mcusercontent.com/d2541b6e3f9f2182b8be74d8f/images/54aa829b-69f4-1ef3-a9b1-c6259466d3df.png" style="max-width:800px;padding-bottom:0px;vertical-align:bottom;border-width:0px;border-style:none;border-color:currentcolor;outline:none;text-decoration-line:none;text-decoration-style:solid;text-decoration-color:currentcolor;display:inline;width:600px"> </td> </tr> </tbody></table> </td> </tr> </tbody> </table><table border="0" cellpadding="0" cellspacing="0" width="100%" style="min-width:100%;border-collapse:collapse;table-layout:fixed"> <tbody> <tr> <td style="min-width:100%;padding:10px 18px 15px"> <table border="0" cellpadding="0" cellspacing="0" width="100%" style="min-width:100%;border-top:2px none rgb(234,234,234);border-collapse:collapse"> <tbody><tr> <td> <span></span> </td> </tr> </tbody></table> </td> </tr> </tbody> </table><table border="0" cellpadding="0" cellspacing="0" width="100%" style="min-width:100%;border-collapse:collapse"> <tbody> <tr> <td valign="top" style="padding:9px"> <table align="left" width="100%" border="0" cellpadding="0" cellspacing="0" style="min-width:100%;border-collapse:collapse"> <tbody><tr> <td valign="top" style="padding:0px 9px;text-align:center"> <img align="middle" alt="" src="https://mcusercontent.com/d2541b6e3f9f2182b8be74d8f/images/36e7e104-39dc-2465-5899-dfac139ec8e8.png" style="max-width:601px;padding-bottom:0px;vertical-align:bottom;border-width:0px;border-style:none;border-color:currentcolor;outline:none;text-decoration-line:none;text-decoration-style:solid;text-decoration-color:currentcolor;display:inline;width:451.2px"></td></tr></tbody></table></td></tr></tbody></table></td></tr></tbody></table></td></tr><tr><td align="center" valign="top" id="m_1081951553117024582ydpb7e83b9ayiv7296779026m_-1780590401598157137m_3177598901473535622templateBody" style="background-color:rgb(255,255,255);background-repeat:no-repeat;background-image:none;background-size:auto;border-top:0px;border-bottom:0px;padding-top:0px;padding-bottom:5px"><table align="center" border="0" cellpadding="0" cellspacing="0" width="100%" style="border-collapse:collapse;max-width:600px"><tbody><tr><td valign="top" style="background-image:none;background-repeat:no-repeat;background-size:cover;border-top:0px;border-bottom:0px;padding-top:0px;padding-bottom:0px"><table border="0" cellpadding="0" cellspacing="0" width="100%" style="min-width:100%;border-collapse:collapse"><tbody><tr><td valign="top" style="padding-top:9px"><table align="left" border="0" cellpadding="0" cellspacing="0" style="max-width:100%;min-width:100%;border-collapse:collapse" width="100%"><tbody><tr><td valign="top" style="padding:0px 18px 9px;font-family:Helvetica,Arial,sans-serif;font-size:16px;line-height:150%;text-align:left;color:rgb(0,0,0)"><div style="text-align:left"><p style="font-family:Helvetica,Arial,sans-serif;font-size:16px;line-height:150%;text-align:left;margin:10px 0px;padding:0px;color:rgb(0,0,0)">The House Budget Committee passed a harmful, so-called "fiscal commission" and now Speaker Johnson is looking to add it to must-pass legislation in the coming weeks. This commission is nothing but a way to fast track cuts to Social Security, Medicare, Medicaid, SNAP, and other key programs behind closed doors so the American people won't know who to blame.<br> <br> <b>If Congress truly wanted to balance the federal budget, they would go after the wealthy and corporate tax cheats who cost our country $1 trillion dollars per year in lost revenue, and not the millions of people who rely on Social Security and Medicare as a lifeline.</b></p> </div> </td> </tr> </tbody></table> </td> </tr> </tbody> </table><table border="0" cellpadding="0" cellspacing="0" width="100%" style="min-width:100%;border-collapse:collapse"> <tbody> <tr> <td style="padding:0px 18px 18px" valign="top" align="center"> <table border="0" cellpadding="0" cellspacing="0" style="border-radius:50px;background-color:rgb(6,122,11);border-collapse:separate"> <tbody> <tr> <td align="center" valign="middle" style="font-family:Arial;font-size:16px;padding:18px"> <a title="TELL CONGRESS: No "fiscal commission"" href="https://actionnetwork.org/forms/tell-congress-no-fiscal-commission/?source=group-common-dreams&referrer=group-common-dreams&redirect=https%3A%2F%2Fsecure.actblue.com%2Fdonate%2Fno-fiscal-commission%3Frefcode%3Dno-fiscal-commission&utm_source=Common+Dreams&utm_campaign=cc27bf0ea1-petition_no_fiscal_commission&utm_medium=email&utm_term=0_-db17202561-%5BLIST_EMAIL_ID%5D" style="font-weight:bold;letter-spacing:normal;line-height:100%;text-align:center;text-decoration-line:none;text-decoration-style:solid;text-decoration-color:currentcolor;color:rgb(255,255,255);display:block" rel="noreferrer noopener" target="_blank">TELL CONGRESS: No "fiscal commission"</a> </td> </tr> </tbody> </table> </td> </tr> </tbody> </table><table border="0" cellpadding="0" cellspacing="0" width="100%" style="min-width:100%;border-collapse:collapse"> <tbody> <tr> <td valign="top" style="padding-top:9px"> <table align="left" border="0" cellpadding="0" cellspacing="0" style="max-width:100%;min-width:100%;border-collapse:collapse" width="100%"> <tbody><tr> <td valign="top" style="padding:0px 18px 9px;font-family:Helvetica,Arial,sans-serif;font-size:16px;line-height:150%;color:rgb(0,0,0);text-align:left"> <p style="font-family:Helvetica,Arial,sans-serif;font-size:16px;line-height:150%;margin:10px 0px;padding:0px;color:rgb(0,0,0);text-align:left">Some in Congress are pushing back―and we can add our voices to stop this bad proposal. In January, Reps. John Larson (D-CT) and Jan Schakowsky (D-IL), along with 116 of their colleagues, sent a letter to House leadership to reject attaching a "fiscal commission" to any must-pass funding bills. We need to remind policymakers that putting our country on the right fiscal path should not come at the cost of meeting urgent public needs or cutting critical programs and services.</p> <p style="font-family:Helvetica,Arial,sans-serif;font-size:16px;line-height:150%;margin:10px 0px;padding:0px;color:rgb(0,0,0);text-align:left">We cannot balance the federal budget on the backs of older Americans, people with disabilities, and low-income communities. It's time for Congress to listen to 81% of the American public and reject any cuts to Social Security, Medicare, Medicaid, SNAP, and other vital programs.</p> </td> </tr> </tbody></table> </td> </tr> </tbody> </table><table border="0" cellpadding="0" cellspacing="0" width="100%" style="min-width:100%;border-collapse:collapse;table-layout:fixed"> <tbody> <tr> <td style="min-width:100%;padding:10px 18px"> <table border="0" cellpadding="0" cellspacing="0" width="100%" style="min-width:100%;border-top:2px none rgb(234,234,234);border-collapse:collapse"> <tbody><tr> <td> <span></span> </td> </tr> </tbody></table> </td> </tr> </tbody> </table><table border="0" cellpadding="0" cellspacing="0" width="100%" style="min-width:100%;border-collapse:collapse"> <tbody> <tr> <td style="padding:0px 18px 18px" valign="top" align="center"> <table border="0" cellpadding="0" cellspacing="0" style="border-radius:50px;background-color:rgb(6,122,11);border-collapse:separate"> <tbody> <tr> <td align="center" 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</tbody></table></td></tr></tbody></table></td></tr></tbody></table></td></tr></tbody></table></td></tr></tbody></table></td></tr></tbody></table></td></tr></tbody></table></td></tr></tbody></table></center></div></div></div></div></blockquote></div></div></div></div></div></div></div></div><span class="gmail_signature_prefix">-- </span><br><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr">June Zaccone<br>National Jobs for All Network<br><a href="http://www.njfac.org" target="_blank">http://www.njfac.org</a></div></div></div> <p></p> -- <br /> This list is only for announcements, so you may not post. To contact the list manager, write to junez [at] njfac.org<br /> --- <br /> You received this message because you are subscribed to the Google Groups "goodjobs" group.<br /> To unsubscribe from this group and stop receiving emails from it, send an email to <a href="mailto:goodjobsforall+unsubscribe@googlegroups.com">goodjobsforall+unsubscribe@googlegroups.com</a>.<br /> To view this discussion on the web visit <a href="https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmA3aM9aW1HDfht9AbAXXcyBcJ%2BmNU5SF73RZb7zJZa52Q%40mail.gmail.com?utm_medium=email&utm_source=footer">https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmA3aM9aW1HDfht9AbAXXcyBcJ%2BmNU5SF73RZb7zJZa52Q%40mail.gmail.com</a>.<br /> Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4786828293758878278.post-69279188711435827102024-02-02T11:10:00.001-08:002024-02-02T11:10:23.087-08:00[NJFAC] "greedflation" as source of inflation surge<div dir="ltr"><h1 class="gmail-sc-2fb31a5c-2 gmail-hmsjXo"><span style="font-weight:normal"><font size="2"><a href="https://fortune.com/2024/01/20/inflation-greedflation-consumer-price-index-producer-price-index-corporate-profit/">'Greedflation' caused more than half of last year's inflation surge,</a> study finds, as corporate profits remain at all-time highs </font><span class="gmail-sc-304dab1-2 gmail-cFWcMC"><a href="https://fortune.com/author/irina-ivanova/" target="_self" rel="" class="gmail-sc-bd4ab706-0 gmail-dXixpY gmail-styledLinkColor" aria-label="Go to Irina Ivanova author's page"><font size="2">Irina Ivan</font></a><font size="2">, Fortune<br></font></span></span></h1><p>"<a href="https://fortune.com/2023/04/05/end-of-capitalism-inflation-greedflation-societe-generale-corporate-profits/" target="_self" rel="" class="gmail-sc-bd4ab706-0 gmail-dXixpY gmail-styledLinkColor">We may be looking at the end of capitalism</a>." Those words, from the pen of the loquacious Albert Edwards of <a href="https://fortune.com/company/societe-generale/" target="_blank" rel="" class="gmail-sc-bd4ab706-0 gmail-dXixpY gmail-styledLinkColor">Societe Generale</a>, shocked the Wall Street analyst set last April and set Alberts on his way to becoming a <a href="https://www.ft.com/content/e1c6b39d-00ca-4976-bf10-0034727f9272" target="_blank" rel="noopener" class="gmail-sc-bd4ab706-0 gmail-dXixpY gmail-styledLinkColor">financial press favorite</a> for his witty turns of apocalyptic phrase. He was commenting on the phenomenon of "greedflation," an economic bugbear previously beloved of progressive economists, not quite venerable 160-year-old French investment banks. </p><div class="gmail-paywall-selector"></div><div> <p>But after falling from its blistering pace in 2022, consumer inflation has gotten stubbornly stuck in the 3% range—<a href="https://fortune.com/2024/01/11/december-inflation-increases-consumer-price-index-economy-soft-landing-bumpy/" target="_self" rel="" class="gmail-sc-bd4ab706-0 gmail-dXixpY gmail-styledLinkColor">rising unexpectedly for the last two months</a> even as wholesalers' prices <a href="https://fortune.com/2023/12/13/inflation-wholesale-prices-producer-price-index-unchanged-in-november/" target="_self" rel="" class="gmail-sc-bd4ab706-0 gmail-dXixpY gmail-styledLinkColor">stay flat or fall</a>. That is greedflation's music, offering a clear bit of evidence that excessive profit-taking is happening above the raw cost of goods. And yet another progressive economic study, this time from the Groundwork Collaborative, sheds light on the problem, arguing that more than half of the consumer price price increases in the middle of last year were due to excessive profits, according to the <a href="https://groundworkcollaborative.org/wp-content/uploads/2024/01/24.01.17-GWC-Corporate-Profits-Report.pdf" target="_blank" rel="noopener" class="gmail-sc-bd4ab706-0 gmail-dXixpY gmail-styledLinkColor">findings</a>. Corporate profits, by the way, remain at <a href="https://fortune.com/2023/04/05/end-of-capitalism-inflation-greedflation-societe-generale-corporate-profits/" target="_self" rel="" class="gmail-sc-bd4ab706-0 gmail-dXixpY gmail-styledLinkColor">all-time highs</a>.</p></div><p>Corporate profits drove 53% of inflation during the second and third quarters of 2023 and more than one-third since the start of the pandemic, the report found, analyzing Commerce Department data. That's a massive jump from the four decades prior to the pandemic, when profits drove just 11% of price growth. </p> <p>"Businesses were really, really quick, when input costs went up, to pass that on to consumers. [But] had they only passed on those increases, inflation would have been maybe one to three points lower," Liz Pancotti, a strategic advisor at Groundwork and one of the report's authors, told <em>Fortune</em>. ....<br></p><div><span class="gmail_signature_prefix">Another link to the Groundwork report: </span><a href="https://groundworkcollaborative.org/wp-content/uploads/2024/01/24.01.17-GWC-Corporate-Profits-Report.pdf">https://groundworkcollaborative.org/wp-content/uploads/2024/01/24.01.17-GWC-Corporate-Profits-Report.pdf</a></div><div><br></div><div>A Goodjobs member reports a more than doubling of retail sector profits over 4 years. jz<br></div><div><span class="gmail_signature_prefix">-- </span></div><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr">June Zaccone<br>National Jobs for All Network<br><a href="http://www.njfac.org" target="_blank">http://www.njfac.org</a></div></div></div> <p></p> -- <br /> This list is only for announcements, so you may not post. To contact the list manager, write to junez [at] njfac.org<br /> --- <br /> You received this message because you are subscribed to the Google Groups "goodjobs" group.<br /> To unsubscribe from this group and stop receiving emails from it, send an email to <a href="mailto:goodjobsforall+unsubscribe@googlegroups.com">goodjobsforall+unsubscribe@googlegroups.com</a>.<br /> To view this discussion on the web visit <a href="https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmCBMmEenJ1XsW-YX1zce4%3DEYTWNzrce00W%3DyjoYMEYOkg%40mail.gmail.com?utm_medium=email&utm_source=footer">https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmCBMmEenJ1XsW-YX1zce4%3DEYTWNzrce00W%3DyjoYMEYOkg%40mail.gmail.com</a>.<br /> Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4786828293758878278.post-78063825117932195442024-02-02T10:57:00.001-08:002024-02-02T10:57:35.942-08:00[NJFAC] Clinton’s Presidency Was a Disaster for Labor --the late Judith Stein is co-author of book reviewed<div dir="ltr"><div class="gmail_quote"><div><div style="font-family:Arial,Helvetica,sans-serif;font-size:16px"><div dir="ltr"><div><h1><span style="font-weight:normal"><font size="4" style="background-color:inherit"><a href="https://jacobin.com/2024/01/bill-clinton-neoliberalism-welfare-nafta" target="_blank">Bill Clinton's Presidency Was a Disaster for Labor</a> </font><font size="3">Anne Colamosca, Jacobin </font></span> </h1><div> </div> </div></div><div>....<br></div><div dir="ltr"><div><p>Today Clinton's presidency wins little respect. Few liberals want to return to the Democratic Party of the 1990s because so many see his presidency as a betrayal of the progressivism that was once the hallmark of the New Deal and the Great Society. According to Lichtenstein and Stein, his presidency was merely an "accommodation to an ideology that privileged trade liberalization, financial deregulation, and privatization of government services, while tolerating the growth of class inequalities."</p> <p>In addition to servicing longtime Democratic donors, at the heart of the presidency was a growing belief that America's high-tech "new economy" was unlike any other that the nation had witnessed. The Silicon Valley high-tech industry — sustained by four decades of large federal subsidies — would come into its own in the stock market during the 1990s. The economy grew for 116 months, with economic growth averaging 4 percent a year and twenty-two million private sector jobs being created.</p> <p>But as Lichtenstein and Stein remind readers, much of this was impressive in numbers alone. Most of the job growth was in retail trade, hospitality, care work, and so on. These sorts of jobs — which Clinton had created as Arkansas governor — had no health benefits, pensions, or decent working conditions, and would soon morph into the "gig economy" work blighting the world today, with workers additionally subject to a growing culture of surveillance and workplace spying. The benefactors were companies such as Walmart, McDonald's, Amazon, and FedEx, not the software engineers and new technical specialists that many anticipated.....</p></div></div></div></div></div><br><span class="gmail_signature_prefix">-- </span><br><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr">June Zaccone<br>National Jobs for All Network<br><a href="http://www.njfac.org" target="_blank">http://www.njfac.org</a></div></div></div> <p></p> -- <br /> This list is only for announcements, so you may not post. To contact the list manager, write to junez [at] njfac.org<br /> --- <br /> You received this message because you are subscribed to the Google Groups "goodjobs" group.<br /> To unsubscribe from this group and stop receiving emails from it, send an email to <a href="mailto:goodjobsforall+unsubscribe@googlegroups.com">goodjobsforall+unsubscribe@googlegroups.com</a>.<br /> To view this discussion on the web visit <a href="https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmBpDajnrbP7Wure-LXFGw2LozQ-wWF_0jUF4jg3gU49%3Dg%40mail.gmail.com?utm_medium=email&utm_source=footer">https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmBpDajnrbP7Wure-LXFGw2LozQ-wWF_0jUF4jg3gU49%3Dg%40mail.gmail.com</a>.<br /> Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4786828293758878278.post-40379967971432410672024-01-16T06:01:00.000-08:002024-01-16T06:02:10.388-08:00[NJFAC] Full Employment Is Good for Society<div dir="ltr"><h1 id="gmail-link-5d5d3247" class="gmail-css-xkf25q e1h9rw200"><span style="font-weight:normal"><font size="4"><a href="https://www.nytimes.com/2024/01/15/opinion/full-employment-economy-mlk.html">Full Employment Is Good for Society</a> </font><font size="2">Paul Krugman, NYT, </font><font size="2">1/15/24</font></span></h1><div>....Why did wage inequality fall? A number of states increased their minimum wages. Unions won some victories, and fear of unionization may have pushed some employers to increase pay. The main factor, however, was surely a tight labor market: Full employment greatly increases workers' bargaining power.<p class="gmail-css-at9mc1 evys1bk0">Full employment also did wonders for another aspect of racial disparities: high Black unemployment. <a class="gmail-css-yywogo" href="https://www.dallasfed.org/research/swe/2020/swe2002/swe2002e" title="" rel="noopener noreferrer" target="_blank">Last hired, first fired</a> is still a very real fact of race relations in America; one measure of our success in finally achieving something like full employment is that <a class="gmail-css-yywogo" href="https://fred.stlouisfed.org/graph/fredgraph.png?g=1e0mM" title="" rel="noopener noreferrer" target="_blank">the gap</a> between Black and white unemployment rates is the smallest it has been since the government started collecting data on the subject.</p><p class="gmail-css-at9mc1 evys1bk0">....Full employment is extremely important not just because it leads to a higher gross domestic product but also because it helps create a healthier, fairer society. And we should fight back against political forces standing in the way of job creation. In particular, a gratuitous recession could all too easily undo much of the progress we've made.....</p><p class="gmail-css-at9mc1 evys1bk0">There are many things we still need to do to fulfill [the Rev. Martin Luther] King's vision, and some of them will be hard. But one thing that should be relatively easy is providing an economy in which Americans who are willing to work — which means a great majority of adults — can find jobs."</p></div><span class="gmail_signature_prefix">-- </span><br><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr">June Zaccone<br>National Jobs for All Network<br><a href="http://www.njfac.org" target="_blank">http://www.njfac.org</a></div></div></div> <p></p> -- <br /> This list is only for announcements, so you may not post. To contact the list manager, write to junez [at] njfac.org<br /> --- <br /> You received this message because you are subscribed to the Google Groups "goodjobs" group.<br /> To unsubscribe from this group and stop receiving emails from it, send an email to <a href="mailto:goodjobsforall+unsubscribe@googlegroups.com">goodjobsforall+unsubscribe@googlegroups.com</a>.<br /> To view this discussion on the web visit <a href="https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmD_1XrCdsxhJ-R6g%2BOys8HjDG0guEuhLH48RMeYTMBdeg%40mail.gmail.com?utm_medium=email&utm_source=footer">https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmD_1XrCdsxhJ-R6g%2BOys8HjDG0guEuhLH48RMeYTMBdeg%40mail.gmail.com</a>.<br /> Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4786828293758878278.post-48446994489625355072024-01-15T08:33:00.001-08:002024-01-15T08:33:47.996-08:00[NJFAC] The REAL AI automation threat to workers<div dir="ltr"><div class="gmail_quote"><div><div style="font-family:Arial,Helvetica,sans-serif;font-size:16px"><div dir="ltr"><span><h1><span style="font-weight:normal"><font size="4" style="background-color:inherit"><a href="https://pluralistic.net/2024/01/11/robots-stole-my-jerb/" target="_blank">Pluralistic: The REAL AI automation threat to workers (11 Jan 2024)</a> <span><span><span><a href="https://pluralistic.net/author/doctorow/" rel="nofollow" target="_blank">Cory Doctorow</a></span></span><span><span> Posted on </span><a href="https://pluralistic.net/2024/01/11/robots-stole-my-jerb/" rel="nofollow" target="_blank">January 11, 2024</a></span></span><br></font></span></h1></span><div dir="ltr"><span>Long before the current wave of AI hype, we were being groomed for automation panics with misleading stories. Remember this one? "'Truck driver' is the most common job in America. Self-driving trucks are just around the corner. How can we prevent America's army of truckers from turning into a howling mob when the robots steal their jobs?</span></div><div dir="ltr">....</div><div dir="ltr"><span>More than $100b has been set on fire chasing the robotaxi dream, and the result is most charitably described as a technological curiosity, requiring 1.5 high-waged remote technicians to replace each low-waged driver:</span></div><div dir="ltr"><span>....</span></div><div dir="ltr"><div><p>Writing in <i>The Guardian</i>, Steven Greenhouse describes the AI-enabled workplace, where precarious, often misclassified workers are monitored, judged, and fined by algorithms:</p> <p><a href="https://www.theguardian.com/technology/2024/jan/07/artificial-intelligence-surveillance-workers" rel="nofollow" target="_blank">https://www.theguardian.com/technology/2024/jan/07/artificial-intelligence-surveillance-workers</a></p> <div>Whether it's the robot that gets you disciplined for sending an email with the word "union" in it or the robot that takes money out of your paycheck if you take a bathroom break, AI has come for the workplace with a vengeance.</div><div></div><div dir="ltr"><div><p>Here's a supreme irony: nearly all of the beneficial applications for AI require that AI be used to <i>help</i> workers, not replace them, which is absolutely not how AI is used in the workplace. An AI that helps radiologists by giving them a second opinion might help them find tumors on x-rays, but that's a tool that <i>reduces</i> the number of scans a radiologist processes in a shift, by making them go back and reconsider the scans they've already processed: <a href="https://locusmag.com/2023/12/commentary-cory-doctorow-what-kind-of-bubble-is-ai/" rel="nofollow" target="_blank">https://locusmag.com/2023/12/commentary-cory-doctorow-what-kind-of-bubble-is-ai/</a></p> <p>But AI's sales pitch is not "Buy an AI tool and increase your costs while increasing your accuracy." The pitch for AI is "buy and AI and save money by firing workers." Given how bad AIs are at replacing humans, this is a bad deal all around, both for the worker who loses their job and the customer who gets the substandard product the AI makes.</p> There is a very limited slice of applications where an AI could make a lot of money for a company that deploys it, without costing that company anything when the AI screws up.....</div><div><br></div></div></div></div></div></div></div></div><span class="gmail_signature_prefix">-- </span><br><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr">June Zaccone<br>National Jobs for All Network<br><a href="http://www.njfac.org" target="_blank">http://www.njfac.org</a></div></div></div> <p></p> -- <br /> This list is only for announcements, so you may not post. To contact the list manager, write to junez [at] njfac.org<br /> --- <br /> You received this message because you are subscribed to the Google Groups "goodjobs" group.<br /> To unsubscribe from this group and stop receiving emails from it, send an email to <a href="mailto:goodjobsforall+unsubscribe@googlegroups.com">goodjobsforall+unsubscribe@googlegroups.com</a>.<br /> To view this discussion on the web visit <a href="https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmDfUfoS57R-OEmVM%3D7iBAVxyTSS1FPv0eJNfb20SBAxkQ%40mail.gmail.com?utm_medium=email&utm_source=footer">https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmDfUfoS57R-OEmVM%3D7iBAVxyTSS1FPv0eJNfb20SBAxkQ%40mail.gmail.com</a>.<br /> Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4786828293758878278.post-37824701134407677322024-01-06T10:26:00.001-08:002024-01-06T10:26:33.987-08:00[NJFAC] Jobs for All Newsletter, December 2023<div dir="ltr"><div class="gmail_default" style="font-size:large"><div class="gmail_quote"><div><div style="font-family:Arial,Helvetica,sans-serif;font-size:16px"><div dir="ltr"><a href="https://mailchi.mp/njfac.org/keeping-the-dream-alive-support-njfans-work-to-fight-for-jobs-for-all-9188814">Jobs for All Newsletter, December 2023</a>, Keeping the Dream Alive; Employment Statistics: Let's Tell the Whole Story; Good Jobs Are A Human Right; Review of The Case for a Job Guarantee by Pavlina R. Tcherneva; Unemployment is Down, and Attitudes Are Too; The Full Count: November 2023 Unemployment Data</div><div dir="ltr"><br></div><div dir="ltr"><font color="#888888">June Zaccone<br>National Jobs for All Network<br><a href="http://www.njfac.org" target="_blank">http://www.njfac.org</a></font></div></div></div></div></div></div> <p></p> -- <br /> This list is only for announcements, so you may not post. To contact the list manager, write to junez [at] njfac.org<br /> --- <br /> You received this message because you are subscribed to the Google Groups "goodjobs" group.<br /> To unsubscribe from this group and stop receiving emails from it, send an email to <a href="mailto:goodjobsforall+unsubscribe@googlegroups.com">goodjobsforall+unsubscribe@googlegroups.com</a>.<br /> To view this discussion on the web visit <a href="https://groups.google.com/d/msgid/goodjobsforall/CAAoOjOQ%3DS48Vtq93zggwYWE0TY9coyg95WhrBR7nv2AYpWw_Cg%40mail.gmail.com?utm_medium=email&utm_source=footer">https://groups.google.com/d/msgid/goodjobsforall/CAAoOjOQ%3DS48Vtq93zggwYWE0TY9coyg95WhrBR7nv2AYpWw_Cg%40mail.gmail.com</a>.<br /> Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4786828293758878278.post-35658294837809716122023-12-31T07:13:00.001-08:002023-12-31T07:13:19.117-08:00[NJFAC] $ and Sense editorial: We Have the Power—How Will We Use It?<div dir="ltr"><div class="gmail_quote"><div><div style="font-family:Arial,Helvetica,sans-serif;font-size:16px"><div dir="ltr"><div>From the Editors<br><a href="https://www.dollarsandsense.org/archives/2024/0124eidlin.html">We Have the Power—How Will We Use It?</a><br>In 2021, the inelegantly named Expanded Child Tax Credit (ECTC) significantly increased the federal government's financial support to parents. It turned out that giving people money made them less poor. This one change alone cut child poverty in half in a single year. <span style="background-color:rgb(253,239,43)">In 2022, in control of the White House and both houses of Congress, Democrats let the credit expire. It turned out that taking money from people made them poorer. Millions of children were thrown back into poverty, twice as many as the year before </span><span style="background-color:rgb(253,239,43)">Washington took the credit away.</span><div><br></div>This grim natural experiment demonstrates what almost everyone outside the halls of Congress and other rightwing echo chambers already takes for granted: the government has the power to make those in need significantly better off, and not just in a vague, abstract way in some utopian future. It can do it right now, using tools we already have. What should we think when what passes for the party of working people, in full control of the government, can't be relied on to maintain aid to the neediest in our society,<br>even immediately after seeing how effective such measures are? What do we do when the government has the power to improve our lives, and chooses not to use it? <span style="background-color:rgb(253,239,43)">Voting the right people into office is surely an important part of the equation, but the<br></span><div><span style="background-color:rgb(253,239,43)">expiration of the ECTC shows that voting alone won't do it.</span></div><div><br></div><span style="background-color:rgb(253,239,43)">Another big part of the answer comes in Barry Eidlin's feature, "Union Democracy Stands Up."</span> Eidlin examines the late-20th-century decline and recent comeback of the Teamsters<br>and the UAW, two of the country's largest unions. In both unions, small but scrappy groups of rank-and-file members spent decades organizing against corruption and concessions<br>and for greater member control—including direct leadership elections, which are still extremely rare when it comes to deciding who will lead the labor movement. More recently, insurgent leadership turned both unions into fighting machines that won record contracts and dramatically improved the lives of hundreds of thousands of members. Whether the pieces came together slowly (as with the Teamsters) or with surprising speed (as with the UAW), the events of the last few years show that workers have the power not only to set the direction of their own unions at a national scale, but also to make their bosses pay up big. And UAW president Shawn Fain in particular has stressed that under his leadership, the union intends to fight not just for its members, but "for the entire working class."<div><br></div>What that looks like, exactly, remains to be seen, though Fain has already taken one big step: publicly calling on other unions to negotiate their next contracts to end at the same time the UAW's agreement with the Big Three expires, on May 1, 2028. If other<br>unions follow suit, they will be planting the seeds for a general strike, the kind of activity that could put not just hundreds of thousands, but millions of people into open conflict with their bosses.<div><br></div>Over the past decade, teachers' unions in Chicago, West Virginia, Los Angeles, and elsewhere have shown that strikes have a direct impact on public spending. Striking teachers repeatedly forced governments intent on austerity back to the table to invest<br>more in workers and students. Whether something comparable on a national scale will happen in 2028 is far from certain. But it would have been unimaginable just five years ago for the president of a major union, elected directly by the membership, to even discussthe prospect seriously.<div><br></div>What makes it possible to contemplate this scenario is union democracy—building meaningful democracy in our unions is a step toward more meaningful democracy in our country. Most people most of the time want a fairer, kinder, and gentler society. An entrenched minority who benefit from the status quo stand in the way, and with little organized pressure to oppose them, politicians mostly take their side. But as the UAW and the Teamsters show, large groups of ordinary people can be organized to create even stronger pressure. Perhaps, years from now, we'll look back at the union democracy movement as the catalyst that transformed our latent power into an economy that works for everyone. <br></div><div><br></div><div><font size="2">Dollars and Sense is an excellent publication, providing economic news and analysis in accessible language. This issue also includes a commentary on unemployment by NJFAN's Frank Stricker. jz</font></div></div></div></div></div><br><span class="gmail_signature_prefix">-- </span><br><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr">June Zaccone<br>National Jobs for All Network<br><a href="http://www.njfac.org" target="_blank">http://www.njfac.org</a></div></div></div> <p></p> -- <br /> This list is only for announcements, so you may not post. To contact the list manager, write to junez [at] njfac.org<br /> --- <br /> You received this message because you are subscribed to the Google Groups "goodjobs" group.<br /> To unsubscribe from this group and stop receiving emails from it, send an email to <a href="mailto:goodjobsforall+unsubscribe@googlegroups.com">goodjobsforall+unsubscribe@googlegroups.com</a>.<br /> To view this discussion on the web visit <a href="https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmC%2B20yhFdkmp5V8PVm%3DuHL87Qa0dSKtNzuogTQ0pPfHBA%40mail.gmail.com?utm_medium=email&utm_source=footer">https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmC%2B20yhFdkmp5V8PVm%3DuHL87Qa0dSKtNzuogTQ0pPfHBA%40mail.gmail.com</a>.<br /> Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4786828293758878278.post-37600902072231911782023-12-06T09:21:00.000-08:002023-12-06T09:22:15.666-08:00[NJFAC] decline in disposable income swamps rise in low wages<div dir="ltr"><div class="gmail_quote"><div><div style="font-family:Arial,Helvetica,sans-serif;font-size:16px"><div dir="ltr"><div><a href="https://twitter.com/gabriel_zucman?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1731730015786586475%7Ctwgr%5E8d123948a199d33a68c25c863da14926a667f28b%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.nakedcapitalism.com%2F2023%2F12%2Flinks-12-6-2023.html" rel="nofollow" target="_blank"><div dir="ltr"><span><span>Gabriel Zucman </span></span><span>@gabriel_zucman </span></div></a><div><div><div><div><div><div><div><div dir="ltr"><a href="https://twitter.com/gabriel_zucman?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1731730015786586475%7Ctwgr%5E8d123948a199d33a68c25c863da14926a667f28b%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.nakedcapitalism.com%2F2023%2F12%2Flinks-12-6-2023.html" rel="nofollow" target="_blank"></a><a href="https://twitter.com/gabriel_zucman/status/1731730015786586475" rel="nofollow" target="_blank">https://twitter.com/gabriel_zucman/status/1731730015786586475</a></div></div></div><div><a href="https://twitter.com/gabriel_zucman?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1731730015786586475%7Ctwgr%5E8d123948a199d33a68c25c863da14926a667f28b%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.nakedcapitalism.com%2F2023%2F12%2Flinks-12-6-2023.html" rel="nofollow" target="_blank"></a><div><br></div></div></div></div></div></div><a href="https://twitter.com/gabriel_zucman/status/1731730015786586475?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1731730015786586475%7Ctwgr%5E8d123948a199d33a68c25c863da14926a667f28b%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.nakedcapitalism.com%2F2023%2F12%2Flinks-12-6-2023.html" rel="nofollow" target="_blank"></a></div><div><div lang="en"><span>Low wages are growing, but the decline in disposable income over 2021-23 due to the phase-out of Covid policies completely swamps that — not crazy to believe this is behind a lot of people's discontent with the economy</span></div></div><div><div><a href="https://twitter.com/gabriel_zucman/status/1731730015786586475/photo/1?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1731730015786586475%7Ctwgr%5E8d123948a199d33a68c25c863da14926a667f28b%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.nakedcapitalism.com%2F2023%2F12%2Flinks-12-6-2023.html" rel="nofollow" target="_blank"><div><div><div style="margin:0px"><img alt="Image" src="https://pbs.twimg.com/media/GAhW7rxWgAElcT1?format=jpg&name=900x900" style="width:100%;max-width:800px"></div></div></div></a></div></div></div></div></div></div></div><br><span class="gmail_signature_prefix">-- </span><br><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr">June Zaccone<br>National Jobs for All Network<br><a href="http://www.njfac.org" target="_blank">http://www.njfac.org</a></div></div></div> <p></p> -- <br /> This list is only for announcements, so you may not post. To contact the list manager, write to junez [at] njfac.org<br /> --- <br /> You received this message because you are subscribed to the Google Groups "goodjobs" group.<br /> To unsubscribe from this group and stop receiving emails from it, send an email to <a href="mailto:goodjobsforall+unsubscribe@googlegroups.com">goodjobsforall+unsubscribe@googlegroups.com</a>.<br /> To view this discussion on the web visit <a href="https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmA7fcRGVu-VLvHYuLS1bb-5AZ4-HsESOvPcOnyAf%3DPAhg%40mail.gmail.com?utm_medium=email&utm_source=footer">https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmA7fcRGVu-VLvHYuLS1bb-5AZ4-HsESOvPcOnyAf%3DPAhg%40mail.gmail.com</a>.<br /> Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4786828293758878278.post-84756825552875421672023-11-30T14:51:00.000-08:002023-11-30T14:52:00.873-08:00[NJFAC] Unions are industrial policy--what's new in the UAW strike<div dir="ltr"><div><h1 class="gmail-post-title gmail-unpublished"><font size="4"><a href="https://www.thebignewsletter.com/p/labor-unions-are-industrial-policy">Labor Unions Are Industrial Policy</a></font></h1><h3 class="gmail-subtitle"><font size="2">Last week, the United Auto Workers reached a deal with Stellantis to re-open an idled Belvidere Assembly Plant. "We made them invest," said transformational UAW President Shawn Fain. </font><font size="1"><a href="https://substack.com/@leehepner" class="gmail-pencraft gmail-frontend-pencraft-Box-module__reset--VfQY8 gmail-frontend-pencraft-Text-module__decoration-hover-underline--BEYAn gmail-frontend-pencraft-Text-module__reset--dW0zZ" style="font-weight:normal">Lee Hepner</a><span style="font-weight:normal"> Nov 4, 2023</span></font></h3></div><div>....<br></div><div>A lot of ink has already been spilled regarding the UAW strike strategy and the generational leadership qualities of its President Shawn Fain. But what's even more interesting is how the UAW set targets beyond wages and working conditions. By causing Stellantis to revive the Belvidere facility and sealing Ford's various investment commitments, Fain and the UAW have asserted control over a realm of corporate decision-making that has, for decades, been dictated by financiers. Organized labor is dictating corporate investment decisions and setting industrial policy. Announcing the Stellantis deal, UAW President Shawn Fain made the point: "We made them invest." If the Big 3 automakers were choosing to subcontract and offshore, organized labor countered with an imperative to make things in America again....."</div><br><span class="gmail_signature_prefix">-- </span><br><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr">June Zaccone<br>National Jobs for All Network<br><a href="http://www.njfac.org" target="_blank">http://www.njfac.org</a></div></div></div> <p></p> -- <br /> This list is only for announcements, so you may not post. To contact the list manager, write to junez [at] njfac.org<br /> --- <br /> You received this message because you are subscribed to the Google Groups "goodjobs" group.<br /> To unsubscribe from this group and stop receiving emails from it, send an email to <a href="mailto:goodjobsforall+unsubscribe@googlegroups.com">goodjobsforall+unsubscribe@googlegroups.com</a>.<br /> To view this discussion on the web visit <a href="https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmCqptZQsY2hRxrD_-mhTPqY0HGP84mKk9kdoe0RENVajA%40mail.gmail.com?utm_medium=email&utm_source=footer">https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmCqptZQsY2hRxrD_-mhTPqY0HGP84mKk9kdoe0RENVajA%40mail.gmail.com</a>.<br /> Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4786828293758878278.post-21836107976720324532023-10-16T08:19:00.001-07:002023-10-16T08:19:23.935-07:00[NJFAC] "fissured workplace" reducing worker power; AI jobs<div dir="ltr"><div class="gmail_quote"><div><div style="font-family:Arial,Helvetica,sans-serif;font-size:16px"><div dir="ltr"><div><div><h1><span style="font-weight:normal"><a href="https://compactmag.com/article/ghosts-in-the-algorithm" target="_blank">Ghosts in the Algorithm</a> <a href="https://compactmag.com/contributor/michael-toscano" rel="nofollow" target="_blank"><font size="3">Michael Toscano</font></a></span></h1></div></div><div dir="ltr"><div dir="ltr"><div>In 2023, the worldwide share of employees who report being stressed at work reached a record high, <a href="https://www.gallup.com/workplace/349484/state-of-the-global-workplace.aspx#ite-506900" rel="nofollow" target="_blank">according to Gallup</a>. One contributing factor is the "fissured workplace," in which corporate managers carve up their traditional workforce and redistribute its functions to subcontractors. Often marketed in futuristic terms as a part of the tech economy, it is, in fact, a well-worn way of reducing worker power.</div><p>In response to pressures from capital markets to improve their financial performance in the 1980s and '90s, large corporations whittled down their directly employed staff to those concentrating on "core competencies," freeing them to fire "non-essential" laborers, such as janitors, whom they subsequently brought back as temps at significantly reduced pay—a domestic expression of labor arbitrage. Neoliberals argue that this corporate strategy is a win-win, liberating workers from being tied to one company, which now must compete for their services. But in reality, they are thrust into unregulated forms of employment with irregular hours, low earnings, no route for advancement, muddied relationships with management, and no business enterprise ultimately responsible for their welfare.</p><div>One of the primary characteristics of the fissured workplace is its obscured authority structure.</div><div>....</div><div dir="ltr"><span>Application programming interfaces, or APIs, which hundreds of tech companies use, bring this process to perfection. APIs are used to crowdsource tasks to workers that a full-time engineering staff and its AI algorithms can't cover (or that firms won't pay to have covered by a stable of full-time employees)..... As the journalist David Zweig reports, when Twitter ratcheted up its content moderation to full-blown censorship during the coronavirus debacle, it tasked, "contractors, in places like the Philippines … to adjudicate tweets on complex topics like myocarditis and mask efficacy data." Americans were rigidly censored by on-demand workers around the world toiling for poverty wages.</span>....</div><div dir="ltr"><br></div><div dir="ltr"><div>As machines are deployed by corporations to monopolize greater shares of the labor process, new forms of work are generated that require human services at the edges of AI's reach. "Thus," they write, "there is an ever-moving frontier between what machines can and can't solve…. As machines solve more and more problems, we continue to identify needs for augmenting rather than replacing human effort."<p>Automation, then, will create new jobs, not mass unemployment. But it doesn't necessarily follow that we will want the jobs it creates.</p></div></div></div></div></div></div></div></div><span class="gmail_signature_prefix">-- </span><br><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr">June Zaccone<br>National Jobs for All Network<br><a href="http://www.njfac.org" target="_blank">http://www.njfac.org</a></div></div></div> <p></p> -- <br /> This list is only for announcements, so you may not post. To contact the list manager, write to junez [at] njfac.org<br /> --- <br /> You received this message because you are subscribed to the Google Groups "goodjobs" group.<br /> To unsubscribe from this group and stop receiving emails from it, send an email to <a href="mailto:goodjobsforall+unsubscribe@googlegroups.com">goodjobsforall+unsubscribe@googlegroups.com</a>.<br /> To view this discussion on the web visit <a href="https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmDkT9puJiJq3J_AzoWRveTScHQ%2BUAusTf5os9H0ukYKrA%40mail.gmail.com?utm_medium=email&utm_source=footer">https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmDkT9puJiJq3J_AzoWRveTScHQ%2BUAusTf5os9H0ukYKrA%40mail.gmail.com</a>.<br /> Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4786828293758878278.post-7896863475160540542023-10-13T06:34:00.001-07:002023-10-13T06:34:45.800-07:00[NJFAC] wage theft: $50+ billion a year stolen from workers<div dir="ltr"><div id="ez-feature-top-container-wrap" class="gmail-clearfix"> <div id="ez-feature-top-container" class="gmail-clearfix"> <div id="ez-feature-top-1" class="gmail-widget-area ez-widget-area ez-only"> <div class="gmail-widget_text gmail-widget-wrap"><div class="gmail-textwidget gmail-custom-html-widget"></div></div> </div> </div> </div> <div class="gmail-content-sidebar-wrap"> <a href="https://fair.org/home/wage-theft-is-built-into-the-business-models-of-many-industries/" rel="bookmark"></a><br><h1 class="entry-title"><a href="https://fair.org/home/wage-theft-is-built-into-the-business-models-of-many-industries/">'Wage Theft Is Built Into the Business Models of Many Industries'</a> <span style="font-weight:normal"><font size="2">October 12, 2023</font></span></h1> <div class="gmail-fair-subheading">CounterSpin interview with Rodrigo Camarena on wage theft <a href="https://fair.org/author/janine-jackson/" title="Posts by Janine Jackson" class="gmail-author gmail-url gmail-fn" rel="author">Janine Jackson</a></div></div><br clear="all"><p>News media interested in crime—its impact on human beings, on society, its cost to the economy—would be interested in wage theft, the more than <a href="https://www.epi.org/press/wage-theft-costs-american-workers-50-billion/">$50 billion</a> a year stolen from workers in this country. But when is the last time your nightly local news talked about that, or encouraged you to be outraged and concerned and moved to action about that? There are efforts to address this ongoing, mundane thievery, but so far it seems to be under the radar of news outlets that, in every other way, suggest they care very much about crime, all the time.</p> <p>Rodrigo Camarena is director of <a href="https://www.justicialab.org/">Justicia Lab</a>, and co-author, with Cristobal Gutierrez, of the article <a href="https://nonprofitquarterly.org/how-to-end-wage-theft-and-advance-immigrant-justice/">"How to End Wage Theft—and Advance Immigrant Justice"</a> that appeared earlier this month on <b>NonProfitQuarterly.org</b>. He is also co-creator of ¡<a href="https://reclamoapp.org/en">Reclamo!</a>, a <a href="https://www.connectingjusticecommunities.com/introducing-reclamo-the-most-comprehensive-platform-to-help-immigrant-workers-fight-back-against-wage-theft/2023/05/">tech-enabled initiative</a> to combat wage theft.....</p><br><span class="gmail_signature_prefix">-- </span><br><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr">June Zaccone<br>National Jobs for All Network<br><a href="http://www.njfac.org" target="_blank">http://www.njfac.org</a></div></div></div> <p></p> -- <br /> This list is only for announcements, so you may not post. To contact the list manager, write to junez [at] njfac.org<br /> --- <br /> You received this message because you are subscribed to the Google Groups "goodjobs" group.<br /> To unsubscribe from this group and stop receiving emails from it, send an email to <a href="mailto:goodjobsforall+unsubscribe@googlegroups.com">goodjobsforall+unsubscribe@googlegroups.com</a>.<br /> To view this discussion on the web visit <a href="https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmDhqxYj3gU3pu7FWDEkzkg79th%3DqepSgU3f%3DG3J-xSjcQ%40mail.gmail.com?utm_medium=email&utm_source=footer">https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmDhqxYj3gU3pu7FWDEkzkg79th%3DqepSgU3f%3DG3J-xSjcQ%40mail.gmail.com</a>.<br /> Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4786828293758878278.post-43058335389674004332023-10-07T12:46:00.000-07:002023-10-07T12:47:06.487-07:00[NJFAC] Autoworkers win significant victory<div dir="ltr"><div class="gmail-msg-body gmail-P_wpofO gmail-mq_AS"><div class="gmail-jb_0 gmail-X_6MGW gmail-N_6Fd5"><div><div dir="ltr"><div><h1 class="gmail-ydp7009d2a6post-title gmail-ydp7009d2a6unpublished"><a href="https://www.kenklippenstein.com/p/striking-autoworkers-win-shock-victory" style="font-weight:normal"><font size="4">Striking Autoworkers Win Shock Victory</font></a> </h1><h3 class="gmail-ydp7009d2a6subtitle"><span style="font-weight:normal">Time for the losers and haters to eat crow <font size="2"><a href="https://substack.com/@kenklippenstein" class="gmail-ydp7009d2a6pencraft gmail-ydp7009d2a6frontend-pencraft-Box-module__reset--VfQY8 gmail-ydp7009d2a6frontend-pencraft-Text-module__decoration-hover-underline--BEYAn gmail-ydp7009d2a6frontend-pencraft-Text-module__reset--dW0zZ" rel="nofollow" target="_blank">Ken Klippenstein</a> Oct 6, 2023</font></span></h3><div class="gmail-ydp7009d2a6pencraft gmail-ydp7009d2a6frontend-pencraft-Box-module__reset--VfQY8 gmail-ydp7009d2a6frontend-pencraft-Box-module__display-flex--ZqeZt gmail-ydp7009d2a6frontend-pencraft-Box-module__flex-gap-8--HFpIK"></div><div class="gmail-ydp7009d2a6visibility-check"></div><p><span>On Thursday, The New York Times </span><a href="https://www.nytimes.com/2023/10/05/business/economy/shawn-fain-uaw-profile.html" rel="nofollow" target="_blank">declared</a><span> the United Auto Workers' (UAW) president Shawn Fain "a confrontational figure who vilifies the automakers while alarming Wall Street" amid the UAW's strike.</span></p><p><span><span style="background-color:rgb(253,239,43)">The article, a profile of the newly-elected Fain, went on to describe him as "caustic," "sharp-edged," a "rebel." You get the idea: the stuff that causes monocles to fall to the ground and shatter. (</span>In fairness, the UAW under Fain has become more assertive, as my colleague Dan Boguslaw </span><a href="https://theintercept.com/2023/09/19/uaw-strike-auto-plants/" rel="nofollow" target="_blank">has amusingly reported</a><span> — though I think this is just a union functioning like it's supposed to.)</span></p><p>"Fiery words can inspire, but they can also anger," the Times article cautioned. "Now he must prove that his hard-core tactics pay off." </p><p><span style="background-color:rgb(253,239,43)"><span>It is now clear, just </span><em>one day</em><span> after the Times article was published, that Fain's tactics have paid off. Today, the UAW stunned onlookers with an announcement that it had won a concession so significant that the union </span><a href="https://x.com/alexnpress/status/1710360467284050074?s=20" rel="nofollow" target="_blank">wasn't even</a><span> technically allowed to strike over it. GM has formally agreed to include battery plants in the master contract, extending the benefits of the union contract to the many non-union workers in facilities manufacturing batteries for electric vehicles.</span></span></p><p>A concession of this magnitude was almost unimaginable just weeks ago and portends well for the future of the strike.</p><p>Fiery words can inspire.</p></div></div></div></div></div><span class="gmail_signature_prefix">-- </span><br><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr">June Zaccone<br>National Jobs for All Network<br><a href="http://www.njfac.org" target="_blank">http://www.njfac.org</a></div></div></div> <p></p> -- <br /> This list is only for announcements, so you may not post. To contact the list manager, write to junez [at] njfac.org<br /> --- <br /> You received this message because you are subscribed to the Google Groups "goodjobs" group.<br /> To unsubscribe from this group and stop receiving emails from it, send an email to <a href="mailto:goodjobsforall+unsubscribe@googlegroups.com">goodjobsforall+unsubscribe@googlegroups.com</a>.<br /> To view this discussion on the web visit <a href="https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmDLOrNF%2BbcT2M3tj6qDjS668MG3RPXxROZrd0JMdA%3DvYQ%40mail.gmail.com?utm_medium=email&utm_source=footer">https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmDLOrNF%2BbcT2M3tj6qDjS668MG3RPXxROZrd0JMdA%3DvYQ%40mail.gmail.com</a>.<br /> Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4786828293758878278.post-4137383554200615652023-10-04T13:58:00.001-07:002023-10-04T13:58:49.437-07:00[NJFAC] Angus Deaton [who wrote on deaths of despair] on our inequality<div dir="ltr"><div class="gmail_quote"><div><div style="font-family:Arial,Helvetica,sans-serif;font-size:16px"><div dir="ltr"><div><div> <h1><font face=""bookman old style", "new york", times, serif" style="font-weight:normal" size="5"><a href="https://www.npr.org/sections/money/2023/09/26/1199422599/a-nobel-prize-winning-immigrants-view-on-american-inequality" target="_blank">A Nobel prize-winning immigrant's view on American inequality</a></font></h1> </div> <div> <div> <div> <span>September 26, 2023</span><span>7 </span><a href="https://www.npr.org/people/726239784/greg-rosalsky" rel="nofollow" target="_blank">Greg Rosalsky </a> </div></div></div><div><div><div> </div> </div> </div></div></div><div dir="ltr"><span>....Rare for an economist, Deaton offers a lucid and unsparing critique of America's political system. From healthcare to taxation to poverty to regulations, Deaton sees a system that has increasingly served monopolistic corporations and the rich over ordinary citizens, allowing "a minority to prey on the majority."</span><br></div><div>....</div><div dir="ltr"><div><ul><li>Less well-educated Americans have seen little or no improvement in their material circumstances for more than fifty years. For men without a four-year college degree, median real wages have trended downward since 1970."</li><li>"There are several million Americans — Black, white, and Hispanic — who live in households with per capita income of a few dollars a day and whose living standards are arguably as bad as or worse than those that the World Bank demarcates as destitute in India or Ethiopia."</li><li>"The top 10 percent of incomes in the United States account for nearly half of all income, compared with only 14 percent for the bottom half of incomes."</li><li>"Overall death rates in the United States have been rising, and, even before the pandemic, adult life expectancy has fallen for ten years for those without a four-year college degree.".....</li></ul></div></div><div dir="ltr"><div>Deaton sees economists as largely as complicit in the changes that have made life harder for millions of Americans. He argues that many (but not all) of the people in his profession have provided an intellectual legitimacy for a range of policies that have stripped away support for working-class Americans and forced them into an increasingly cutthroat labor market. <p>"They are apostles for the globalization and technical change that have enriched an elite and have redistributed income and wealth from labor to capital, all the while destroying millions of jobs, hollowing out communities, and worsening the lives of their occupants," Angus writes. "And when confronted with deaths of despair, they can blame the victims and those who try to help them."</p> <div>Going forward, <span style="background-color:rgb(253,239,43)">Deaton urges the economics profession to think more about "<i>predistribution</i> — the mechanisms that determine the distribution of income in the market itself, before taxes and transfers — and less about a redistribution that is not going to happen and is not what people want in any case."</span> That, he stresses, will force many economists into "uncomfortable territory: promoting unions, place-based policies, immigration control, tariffs, job preservation, industrial policy, and the like. We need to promote a more realistic understanding of how governments and markets work. We need to abandon our sole fixation on money as a measure of human wellbeing."</div><div>....</div><div><br></div><div dir="ltr">This is wise policy. After income is already paid, many recipients are likely to resist relinquishing some. Predistribution avoids this. Methods include a national job guarantee at decent wages, though we should still consider a return to the higher taxes that predated Reagan. jz<br></div></div><div><br></div></div></div></div></div><br><span class="gmail_signature_prefix">-- </span><br><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr">June Zaccone<br>National Jobs for All Network<br><a href="http://www.njfac.org" target="_blank">http://www.njfac.org</a></div></div></div> <p></p> -- <br /> This list is only for announcements, so you may not post. To contact the list manager, write to junez [at] njfac.org<br /> --- <br /> You received this message because you are subscribed to the Google Groups "goodjobs" group.<br /> To unsubscribe from this group and stop receiving emails from it, send an email to <a href="mailto:goodjobsforall+unsubscribe@googlegroups.com">goodjobsforall+unsubscribe@googlegroups.com</a>.<br /> To view this discussion on the web visit <a href="https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmBNUFmV_rz1iVUmfQw5gN4vRUiebTE6HtMoNongfCPPfA%40mail.gmail.com?utm_medium=email&utm_source=footer">https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmBNUFmV_rz1iVUmfQw5gN4vRUiebTE6HtMoNongfCPPfA%40mail.gmail.com</a>.<br /> Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4786828293758878278.post-58187357772543621162023-10-01T09:13:00.000-07:002023-10-01T09:14:15.768-07:00[NJFAC] Widening mortality gap adults with and without a BA: note current declining LE for both;see commentary on labor power<div dir="ltr"><div class="gmail_quote"><div><div style="font-family:Arial,Helvetica,sans-serif;font-size:16px"><div dir="ltr"><div dir="ltr"><div><h1> <span style="font-weight:normal"><font size="5" style="background-color:inherit">Accounting for the widening mortality gap between American adults with and without a BA </font></span></h1> <div> <h5> <span id="m_6960361920845937287ydpd4df6485person-tooltip-0" style="max-width:1703px"><div><div><div> <a href="http://wws.princeton.edu/faculty-research/faculty/accase" rel="nofollow" target="_blank"> <span>Anne Case</span> </a> <span> <span> <span>Professor of Economics and Public Affairs </span> <span>- Princeton University</span> </span> </span> </div> </div> </div> </span> <a id="m_6960361920845937287ydpd4df6485person-hover-1" href="http://wws.princeton.edu/faculty-research/faculty/deaton" rel="nofollow" target="_blank">Angus Deaton</a> September 27, 2023</h5><div> </div> </div></div><div><br></div></div><div><br></div><div><img title="Inline image" alt="Inline image" src="cid:35f3a07e-4e68-bac7-c064-618c30015621@yahoo.com" style="max-width:600px;width:100%"></div><div dir="ltr"><div><p>"GDP may be doing great, but people are dying in increasing numbers, especially less-educated people," Anne Case, one of the authors, said in an interview with The Brookings Institution. "A lot of the increasing prosperity is going to the well-educated elites. It is not going to typical working people."</p> <p>She and co-author Angus Deaton, the winner of the 2015 Nobel Prize in economics, both of Princeton University, analyzed U.S. death certificate information, including the age of death, cause of death, and educational attainment. They found that life expectancy for the college educated in 2021 was eight-and-a-half years longer than for the two-thirds of American adults without a bachelor's degree. That's more than triple the 1992 gap of about two-and-a-half years.</p></div><div>....<br></div></div><div dir="ltr"><div><p>Deaths of despair were the leading driver of the widening mortality gap over the past 30 years, but the gap also widened for most other major causes of death, the paper notes. Cancer mortality, for instance, has declined overall but it has declined more for people with college degrees.</p> </div><div>....</div><div dir="ltr">See discussion about this: <a href="https://www.hamiltonnolan.com/p/the-life-and-death-stakes-of-labor?" rel="nofollow" target="_blank">https://www.hamiltonnolan.com/p/the-life-and-death-stakes-of-labor?</a> <br></div><div dir="ltr"><div><span><p><span>This is not a story about education. This is a story about </span><i>inequality</i><span>. .... as Case and Deaton make clear, college degrees here are a proxy for socioeconomic class, and the differing life experiences that America inflicts on different classes. <br></span></p></span><div><span><p dir="ltr"><span>...<span><span>.<span style="background-color:rgb(253,239,43)">For all of the complexity of America's socioeconomic problems, the overriding practical solution to most of them is straightforward: Labor power must increase. </span>Union density must go up. More workers must be able to organize and collectively bargain and strike. Remember a couple months ago when </span><a href="https://www.msnbc.com/opinion/msnbc-opinion/ups-teamsters-strike-deal-rcna96270" rel="nofollow" target="_blank">the Teamsters won</a><span> a healthy six-figure pay package for hundreds of thousands of UPS workers, by exerting unified labor power? Yeah. That's how it's done. Blue collar jobs held by people without college degrees do not automatically carry with them shitty pay and nonexistent benefits leading directly to poor health and despair and death, due to some sort of natural economic law.....</span></span></span></p></span></div></div></div></div></div></div></div></div><br><span class="gmail_signature_prefix">-- </span><br><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr">June Zaccone<br>National Jobs for All Network<br><a href="http://www.njfac.org" target="_blank">http://www.njfac.org</a></div></div></div> <p></p> -- <br /> This list is only for announcements, so you may not post. To contact the list manager, write to junez [at] njfac.org<br /> --- <br /> You received this message because you are subscribed to the Google Groups "goodjobs" group.<br /> To unsubscribe from this group and stop receiving emails from it, send an email to <a href="mailto:goodjobsforall+unsubscribe@googlegroups.com">goodjobsforall+unsubscribe@googlegroups.com</a>.<br /> To view this discussion on the web visit <a href="https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmDQywmusHrtFcA9mDmc4y2PianrhkaaWb%2BghPEywzgLtQ%40mail.gmail.com?utm_medium=email&utm_source=footer">https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmDQywmusHrtFcA9mDmc4y2PianrhkaaWb%2BghPEywzgLtQ%40mail.gmail.com</a>.<br /> Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4786828293758878278.post-56349054492805619402023-09-26T08:09:00.001-07:002023-09-26T08:09:25.695-07:00[NJFAC] Earnings of Men, Women Aged 20–59, by Age Group and Race/Ethnicity, 2020–2021<div dir="ltr"><h3><a href="https://www.ssa.gov/policy/docs/factsheets/at-a-glance/earnings-men-age-race-ethnicity.html">Earnings of Men, Aged <span class="gmail-nobr">20–59,</span> by Age Group and Race/Ethnicity, <span class="gmail-nobr">2020–2021</span></a></h3> <span class="gmail-dateRS">Released: September 2023</span> <p class="gmail-pad-bottom"><b>DEFINITION:</b> <i>Earnings</i> consist of all wages, salaries, and self-employment income in covered and <a href="https://www.ssa.gov/myaccount/assets/materials/noncovered-earnings.pdf">noncovered employment</a>, including earnings that exceed the <a href="https://www.ssa.gov/benefits/retirement/planner/maxtax.html">annual taxable maximum</a>.</p> <div class="gmail-svgChart" id="gmail-chart1"><img src="https://www.ssa.gov/policy/docs/factsheets/at-a-glance/earnings-men-age-race-ethnicity.svg?trnonsuspmrk=1&trfcallwremmrk=1" alt="Chart. Title: Men's Real Median Annual Earnings, 2020-2021 (in 2021 Dollars). Bar chart with tabular version below." width="700" role="img"> <div class="gmail-table gmail-altTable"><a class="gmail-altToggle" href="https://www.ssa.gov/policy/docs/factsheets/at-a-glance/earnings-men-age-race-ethnicity.html">Show as table</a> </div> </div> <p class="gmail-pad-top">In the <span class="gmail-nobr">2-year</span> period <span class="gmail-nobr">2020–2021</span>:</p> <ul class="gmail-list-arrows-blue"><li>For the <span style="color:rgb(152,79,159)"><span class="gmail-nobr">20–29</span> age group</span>, the real median annual earnings of: <ul><li>White, non-Hispanic men were 34% higher than Black, non-Hispanic men and 16% higher than Hispanic men.</li><li>Asian men were 34% higher than Black, non-Hispanic men and 15% higher than Hispanic men.</li></ul> </li><li class="gmail-pad-top">For the <span style="color:rgb(227,31,38)"><span class="gmail-nobr">50–59</span> age group</span>, the real median annual earnings of: <ul><li>White, non-Hispanic men were 49% higher than Black, non-Hispanic men and 53% higher than Hispanic men.</li><li>Asian men were 67% higher than Black, non-Hispanic men 71% higher than Hispanic men.</li></ul></li></ul><br clear="all"><h3><a href="https://www.ssa.gov/policy/docs/factsheets/at-a-glance/earnings-women-age-race-ethnicity.html">Earnings of Women Aged <span class="gmail-nobr">20–59,</span> by Age Group and Race/Ethnicity, <span class="gmail-nobr">2020–2021</span></a></h3> <span class="gmail-dateRS">Released: September 2023</span> <p class="gmail-pad-bottom"><b>DEFINITION:</b> <i>Earnings</i> consist of all wages, salaries, and self-employment income in covered and <a href="https://www.ssa.gov/myaccount/assets/materials/noncovered-earnings.pdf">noncovered employment</a>, including earnings that exceed the <a href="https://www.ssa.gov/benefits/retirement/planner/maxtax.html">annual taxable maximum</a>.</p> <div class="gmail-svgChart" id="gmail-chart1"><img src="https://www.ssa.gov/policy/docs/factsheets/at-a-glance/earnings-women-age-race-ethnicity.svg?trnonsuspmrk=1&trfcallwremmrk=1" alt="Chart. Title: Women's Real Median Annual Earnings, 2020-2021 (in 2021 Dollars). Bar chart with tabular version below." width="700" role="img"> <div class="gmail-table gmail-altTable"><a class="gmail-altToggle" href="https://www.ssa.gov/policy/docs/factsheets/at-a-glance/earnings-women-age-race-ethnicity.html">Show as table</a> </div> </div> <p class="gmail-pad-top">In the <span class="gmail-nobr">2-year</span> period <span class="gmail-nobr">2020–2021</span>:</p> <ul class="gmail-list-arrows-blue"><li>For the <span style="color:rgb(152,79,159)"><span class="gmail-nobr">20–29</span> age group</span>, the real median annual earnings of: <ul><li>White, non-Hispanic women were 31% higher than Black, non-Hispanic women and 17% higher than Hispanic women.</li><li>Asian women were 54% higher than Black, non-Hispanic women and 38% higher than Hispanic women.</li></ul> </li><li class="gmail-pad-top">For the <span style="color:rgb(227,31,38)"><span class="gmail-nobr">50–59</span> age group</span>, the real median annual earnings of: <ul><li>White, non-Hispanic women were 9% higher than Black, non-Hispanic women and 56% higher than Hispanic women.</li><li>Asian women were 7% lower than Black, non-Hispanic women and 33% higher than Hispanic women.</li></ul> </li></ul> <div class="gmail-note gmail-margin-top"> <p style="margin-bottom:0.25em"><b style="color:rgb(0,42,92)">SOURCE:</b> Social Security Administration (<abbr class="gmail-spell">SSA</abbr>) calculations using <abbr class="gmail-spell">SSA</abbr> earnings data linked to Current Population Survey Annual Social and Economic Supplement public-use files.</p> <p style="margin-bottom:0.25em"><b style="color:rgb(0,42,92)">NOTES:</b> Earnings are indexed to 2021 values based on the <a href="https://www.bls.gov/cpi/">Consumer Price Index for All Urban Consumers</a>.</p> <p style="margin-bottom:0.25em">Includes workers with annual earnings equal to or greater than one <a href="https://www.ssa.gov/benefits/retirement/planner/credits.html">earnings credit</a>. In current dollars, the earnings required to earn a single credit were $1,410 in 2020 and $1,470 in 2021.</p> <p>Current Population Survey data were merged for the <span class="gmail-nobr">2-year</span> period <span class="gmail-nobr">2020–2021</span> to reduce annual variability that can occur when sampling relatively small demographic groups.</p> </div><br><span class="gmail_signature_prefix">-- </span><br><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr">June Zaccone<br>National Jobs for All Network<br><a href="http://www.njfac.org" target="_blank">http://www.njfac.org</a></div></div></div> <p></p> -- <br /> This list is only for announcements, so you may not post. To contact the list manager, write to junez [at] njfac.org<br /> --- <br /> You received this message because you are subscribed to the Google Groups "goodjobs" group.<br /> To unsubscribe from this group and stop receiving emails from it, send an email to <a href="mailto:goodjobsforall+unsubscribe@googlegroups.com">goodjobsforall+unsubscribe@googlegroups.com</a>.<br /> To view this discussion on the web visit <a href="https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmCKVC3Zsy%3DSNbRQWybTCgOc_oPG%2Bkgag-DBjbBXa%3Dq1yw%40mail.gmail.com?utm_medium=email&utm_source=footer">https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmCKVC3Zsy%3DSNbRQWybTCgOc_oPG%2Bkgag-DBjbBXa%3Dq1yw%40mail.gmail.com</a>.<br /> Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4786828293758878278.post-16496225277678544212023-09-16T14:09:00.000-07:002023-09-16T14:10:05.166-07:00[NJFAC] Former Prisoners as employees<div dir="ltr"><div class="gmail_quote"><div><div style="font-family:Arial,Helvetica,sans-serif;font-size:16px" dir="ltr"><div><div dir="ltr"><div><h1> <span style="font-weight:normal"><font style="background-color:inherit" size="5"><a href="https://www.dmagazine.com/publications/d-ceo/2023/september/how-criminal-justice-reform-became-a-corporate-priority/" target="_blank">Why Criminal Justice Reform Is Becoming a Corporate Priority</a></font></span> </h1> <div> Business opportunity and ethical concerns are lining up to change hiring practices and policies to give those with criminal records a second chance. By <a href="https://www.dmagazine.com/writers/will-maddox/" rel="nofollow" target="_blank"><span>Will Maddox</span></a> <span>|</span> September 11, 2023</div><div> </div></div><div><br></div></div><div>....<br></div><div>Research shows that 70 to 100 million Americans have a criminal record, around one in three working-age adults. Sixty percent of them are unemployed a year after leaving prison. This group is underutilized and bypassed for the millions of jobs that remain open across all industries, but the winds are shifting.</div> <div>Justice-impacted individuals face several challenges to reentering the workforce and staying out of trouble. These barriers, imposed by legislation, law enforcement, employers, and society, make it more likely that they'll run afoul of the law again. But several businesses are taking the bold step to be the leading edge of the movement to put this group of people to work.</div><div><br></div>The Responsible Business Initiative for Justice compiled data to show that justice-impacted individuals compare well to the average employee. <span style="background-color:rgb(253,239,43)">A survey of human resource professionals and managers found that 83 percent rated the job performance of justice-impacted individuals to be as good or better than the average worker, and about three-fourths found that justice-impacted workers are as or more dependable than the average employee. Seventy percent said job retention was also better for justice-impacted individuals</span>.....</div><div><br></div><div><div dir="ltr"><span>This potential labor force faces many barriers, experts say. First, employers must be willing to take a chance on justice-impacted applicants. Second, those individuals need access to various services to help them get up to speed and become stable and ready to enter the workforce. And lastly, policies need to be updated to help people transition. Success will require progress in all three areas....</span><br></div></div> </div><div id="m_5835330754859491864ydp43a525b3yahoo_quoted_5801228546"> </div></div></div><br clear="all"><br><span class="gmail_signature_prefix">-- </span><br><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr">June Zaccone<br>National Jobs for All Network<br><a href="http://www.njfac.org" target="_blank">http://www.njfac.org</a></div></div></div> <p></p> -- <br /> This list is only for announcements, so you may not post. To contact the list manager, write to junez [at] njfac.org<br /> --- <br /> You received this message because you are subscribed to the Google Groups "goodjobs" group.<br /> To unsubscribe from this group and stop receiving emails from it, send an email to <a href="mailto:goodjobsforall+unsubscribe@googlegroups.com">goodjobsforall+unsubscribe@googlegroups.com</a>.<br /> To view this discussion on the web visit <a href="https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmCDN4PBgY-e_vtyhrsF%3DA4BTvuj54UiPAyJxi80S1_nsg%40mail.gmail.com?utm_medium=email&utm_source=footer">https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmCDN4PBgY-e_vtyhrsF%3DA4BTvuj54UiPAyJxi80S1_nsg%40mail.gmail.com</a>.<br /> Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4786828293758878278.post-66540889122154524532023-09-05T13:06:00.001-07:002023-09-05T13:06:21.560-07:00[NJFAC] AI threats to workers<div dir="ltr"><div><span><p><b><b><span style="font-size:14pt">MIT Economist Daron Acemoğlu Takes on Big Tech: "Our Future Will Be Very Dystopian" </span></b><span>The rich and powerful have hijacked progress throughout history, says Daron Acemoğlu. They did so back in the Middle Ages and also now in the age of artificial intelligence. In an interview, the MIT economist dives into the question of whether Silicon Valley is plunging humanity into destitution. <a href="https://www.spiegel.de/international/business/mit-economist-daron-acemoglu-takes-on-big-tech-our-future-will-be-very-dystopian-a-6b9feec3-2d8a-4916-8f3f-dd4401bff083?s" rel="nofollow" target="_blank">https://www.spiegel.de/international/business/mit-economist-daron-acemoglu-takes-on-big-tech-our-future-will-be-very-dystopian-a-6b9feec3-2d8a-4916-8f3f-dd4401bff083?s</a> Interview By <a href="https://www.spiegel.de/impressum/autor-4d36e051-0001-0003-0000-000000010924" title="Benjamin Bidder" rel="nofollow" target="_blank">Benjamin Bidder</a> 28.08.2023</span></b></p></span><p></p><div>....<br></div><span></span><span><p><b><span style="font-size:12pt">Acemoğlu:</span></b><span style="font-size:12pt"> In the United States, for 40 years, we have had declines in the real earnings of workers without a college degree. The decline amounts to around a half a percentage point per year. This is an enormous amount. If nothing changes, AI is going to double down on that. AI might still become very useful for well-off citizens, knowledge workers and highly skilled employees. But it is not going to be good for most people on its current path.</span></p></span></div><div>....</div><div><div style="font-family:inherit;text-align:inherit"></div> <div style="font-family:inherit;text-align:inherit"><a href="https://www.ineteconomics.org/perspectives/blog/labor-economist-ai-may-bring-a-boom-in-horrible-jobs" rel="noreferrer noopener" target="_blank"><span style="color:rgb(255,15,80);font-size:18px"><b>Labor Economist: AI May Bring a Boom in Horrible Jobs</b></span></a> <span style="color:rgb(0,0,0)"><i>Interview by </i></span><span style="color:rgb(0,0,0)"><i><b>Lynn Parramore, </b></i></span><span style="color:rgb(0,0,0)"><i>featuring </i></span><span style="color:rgb(0,0,0)"><i><b>Nadia Garbellini</b></i></span></div><div style="font-family:inherit;text-align:inherit">Losing jobs isn't the only thing workers have to worry about. AI may make many jobs worse.<br> <br> "What concerns me, more than the disappearance of jobs, is the quality of the new ones in terms of working conditions, wages, autonomy, alienation, etc. What I fear is a world with millions of underpaid, ignorant, politically naive, isolated workers, stuck at home in front of their computers in both work and leisure time, producing goods and services they cannot afford to buy."</div> <div style="font-family:inherit;text-align:inherit"></div> <div style="font-family:inherit;text-align:inherit"><span style="color:rgb(51,104,250)">....</span></div></div><br><span class="gmail_signature_prefix">-- </span><br><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr">June Zaccone<br>National Jobs for All Network<br><a href="http://www.njfac.org" target="_blank">http://www.njfac.org</a></div></div></div> <p></p> -- <br /> This list is only for announcements, so you may not post. To contact the list manager, write to junez [at] njfac.org<br /> --- <br /> You received this message because you are subscribed to the Google Groups "goodjobs" group.<br /> To unsubscribe from this group and stop receiving emails from it, send an email to <a href="mailto:goodjobsforall+unsubscribe@googlegroups.com">goodjobsforall+unsubscribe@googlegroups.com</a>.<br /> To view this discussion on the web visit <a href="https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmA2kqFb1ZyL-7ufqiAJsj3HrFOLDoa5_MEJoX-5AFQoEg%40mail.gmail.com?utm_medium=email&utm_source=footer">https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmA2kqFb1ZyL-7ufqiAJsj3HrFOLDoa5_MEJoX-5AFQoEg%40mail.gmail.com</a>.<br /> Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4786828293758878278.post-77911958898873087382023-09-02T13:50:00.000-07:002023-09-02T13:51:08.647-07:00[NJFAC] Executive Excess 2023: IPS on 100 corporations with lowest median worker pay<div dir="ltr"><div class="gmail_quote"><div><div style="font-family:Arial,Helvetica,sans-serif;font-size:16px"><div dir="ltr"><div><div><div><div><div><div><h1><span style="font-weight:normal"><font style="background-color:inherit" size="5">Executive Excess 2023 </font><font style="background-color:inherit" size="2">Sarah Anderson</font></span></h1></div></div></div></div></div><div><div><div><div><div><h2>Introduction:</h2></div></div></div></div><div><div><div><div>In response to strikes and union organizing drives, corporate leaders routinely insist they simply lack the resources to raise employee pay.<p></p><p>And yet top executives seem to have little trouble finding enough to enrich themselves and wealthy shareholders. In 2021 and 2022, S&P 500 corporations spent record sums on stock buybacks, a maneuver that artificially inflates the value of a company's stock — and CEOs' stock-based pay.</p><p>All employees contribute to company profits. But instead of broadly sharing the wealth, companies are using a once-illegal form of market manipulation to make those at the top of the corporate ladder even richer.</p><p>This 29th annual Executive Excess report takes an in-depth look at the 100 S&P 500 corporations that had the lowest median worker pay levels in 2022, a group we've dubbed the "Low-Wage 100." For each of these firms, we report the total compensation and personal stock holdings of CEOs, the CEO-worker pay gap, and the overall outlays for stock buybacks.</p><p>We also reveal how taxpayers are enriching ― through federal contracts ― the majority of the Low-Wage 100. And we conclude with the most comprehensive available policy menu for achieving a fair corporate compensation system.</p><p>The full report — complete with comprehensive findings, recommendations, and methodology, along with data for each of the 100 companies we studied — is <a href="https://ips-dc.org/wp-content/uploads/2023/08/EE23-FINAL-aug-23-23.pdf" rel="nofollow" target="_blank">available here</a>. A summary follows.</p></div></div></div></div><div><div><div> <a href="https://ips-dc.org/wp-content/uploads/2023/08/EE23-FINAL-aug-23-23.pdf" rel="nofollow" target="_blank">Download Full Report</a></div></div></div></div><div><div><div><div><div><h2>Key Findings</h2></div></div></div></div><div><div><div><div><h3>1. The CEO-worker pay gap at the Low-Wage 100 averaged 603 to 1 in 2022.</h3><ul><li>Chief executives in this group raked in <b>$15.3 million</b> on average in 2022, while median worker pay averaged just <b>$31,672</b>.</li><li><b>Live Nation Entertainment</b> had the fattest CEO paycheck and the widest pay gap. Michael Rapino hauled in $139 million, 5,414 times as much as his firm's median of $25,673.</li></ul><h3>2. The Low-Wage 100 have spent more than $340 billion on stock buybacks since 2020.</h3><ul><li>Between January 1, 2020 and May 31, 2023, 90 of the Low-Wage 100 reported combined stock buyback expenditures of $341.2 billion. This maneuver artificially inflates executive stock-based pay and siphons funds from worker wages and other productive investments.</li><li><b>Lowe's</b> led the buybacks list, spending $34.9 billion on share repurchases over the past three and a half years. In 2022 alone, Lowe's spent more than $14.1 billion on buybacks — <i><b>enough to give every one of its 301,000 U.S. employees a $46,923 bonus</b></i>.</li><li><b>Home Depot</b> came in second, with $28.9 billion in stock buybacks since January 2020, and Walmart ranks third, with $23.9 billion.</li></ul><h3>3. During their stock buyback spree, Low-Wage 100 CEOs' personal stock holdings increased more than three times as fast as their firms' median worker pay.</h3><ul><li>The CEOs of the 90 low-wage S&P 500 companies that have spent funds on buybacks since 2020 have amassed approximately <b>$14.9 billion</b> worth of their company stock.</li><li>At the 65 buyback companies where the same person held the top job between 2019 and 2022, the CEOs' personal stock holdings <b>soared 33 percent</b> to an average of $184.7 million. Median pay at these firms rose only 10 percent to an average of $31,972 (not adjusted for inflation).</li><li><b>FedEx</b> CEO Frederick Smith has the largest stockpile in the Low-Wage 100. His personal holdings have grown 65 percent to more than $5 billion since January 2000. By contrast, FedEx median worker pay fell by 20 percent to $39,177 (including $9,267 in health benefits) between 2019 and 2022.</li></ul><h3>4. Over half of the Low-Wage 100 receive taxpayer-funded federal contracts.</h3><ul><li>Of the 100 companies in our sample, <b>51 received federal contracts</b> worth a combined $24.1 billion during fiscal years 2020-2023. These low-wage federal contractors spent nearly $160 billion on stock buybacks over the course of these years.</li><li>In 2022, the average CEO pay in this low-wage contractor group stood at $12.7 million, 56 times as much as the salary of a Biden administration cabinet secretary. This group's CEOs averaged <b>438 times</b> their $34,550 median worker pay.</li></ul></div></div></div></div></div><div><div><div><div><div><h2>Recommendations</h2></div></div></div></div><div><div><div><div><h3>Policy solutions for runaway CEO pay are gaining support.</h3><p>Public outrage over executive excess is growing <a href="https://justcapital.com/wp-content/uploads/2022/05/JUST-Capital_Worker-CEO-Pay-Survey-Analysis_May-2022-min.pdf" rel="nofollow" target="_blank">across the political spectrum</a>. Policymakers have begun taking serious steps to respond. They include…</p><ul><li><b>Stock buybacks taxes and restrictions:</b> In the 2022 Inflation Reduction Act, Congress passed a <a href="https://inequality.org/research/congress-takes-historic-step-to-tax-stock-buybacks/" rel="nofollow" target="_blank">1 percent excise tax</a> on CEO pay-inflating stock buybacks. President Biden proposed <a href="https://www.whitehouse.gov/briefing-room/speeches-remarks/2023/02/07/remarks-of-president-joe-biden-state-of-the-union-address-as-prepared-for-delivery/" rel="nofollow" target="_blank">quadrupling this tax</a> in his 2023 State of the Union address. Biden has also included a proposal in his <a href="https://www.whitehouse.gov/wp-content/uploads/2022/03/budget_fy2023.pdf" rel="nofollow" target="_blank">federal budget</a> plan that would ban top executives from selling their personal stock for a multi-year period after a buyback, preventing CEOs from timing share repurchases to cash in personally on a short-term price pop they themselves artificially created. A Senate bill, the <a href="https://www.warner.senate.gov/public/index.cfm/2023/3/warner-introduces-legislation-to-encourages-companies-to-prioritize-long-term-investments-over-short-term-gains-by-instituting-holding-periods-for-stock-buybacks" rel="nofollow" target="_blank">ALIGN Act</a>, would do just that.</li><li><b>Federal contractor incentives:</b> In 2022, the <a href="https://www.nist.gov/chips/taxpayer-protections" rel="nofollow" target="_blank">Department of Commerce announced</a> plans to give priority in the awarding of new CHIPS subsidies for domestic semiconductor manufacturing to firms that do not engage in any stock buybacks. The administration has applied a number of other <a href="https://ourfinancialsecurity.org/2022/10/letters-to-the-administration-letter-to-president-biden-on-contracting-standards/" rel="nofollow" target="_blank">pro-worker conditions</a> on federal contracts, but federal agencies could go much further to wield the power of the public purse against inequality. The <a href="https://www.congress.gov/bill/117th-congress/house-bill/4186?s=1&r=5#:~:text=Introduced%20in%20House%20(06%2F25%2F2021)&text=This%20bill%20establishes%20new%20requirements,taxes%2C%20and%20private%20equity%20firms." rel="nofollow" target="_blank">Patriotic Corporations Act</a> could serve as a model. This bill would grant preferential treatment in contracting to firms with pay ratios of 100 to 1 or less, among other benchmarks, including neutrality in union organizing campaigns.</li><li><b>Excessive CEO pay taxes:</b> Laws to hike corporate taxes on companies with wide CEO-worker pay gap are now raising revenue in <a href="https://inequality.org/action/corporate-pay-equity/" rel="nofollow" target="_blank">two major cities</a>, San Francisco and Portland, Oregon. The more recent of the two taxes, San Francisco's "<a href="https://sftreasurer.org/business/taxes-fees/overpaid-executive-tax-oe" rel="nofollow" target="_blank">Overpaid Executive Tax</a>," became effective on January 1, 2022. In May 2023, city officials announced that they now expect the tax to bring in about <a href="https://www.sfexaminer.com/news/politics/how-sf-reaps-tax-benefits-of-city-ceo-worker-pay-disparity/article_e8f26efe-fb1c-11ed-84be-576fe4398f9f.html" rel="nofollow" target="_blank">$125 million per year</a>, a higher return than originally expected. San Francisco's executive tax has also proved more resilient than other local revenue sources. Legislation similar to San Francisco's has been introduced in the U.S. <a href="https://www.congress.gov/bill/117th-congress/house-bill/1979" rel="nofollow" target="_blank">House</a> and <a href="https://www.congress.gov/bill/117th-congress/senate-bill/794?q=%7B%22search%22%3A%5B%22tax+excessive+ceo+pay%22%5D%7D&s=1&r=1" rel="nofollow" target="_blank">Senate</a> and came into play during the <a href="https://www.politico.com/news/2021/09/03/wyden-taxes-billionaires-spending-509347" rel="nofollow" target="_blank">Build Back Better negotiations</a>. Higher tax rates on companies with wide CEO-worker pay gaps create an incentive to both rein in executive pay and lift up worker wages, all while generating significant new capital for vital public investments.</li></ul></div></div></div></div><div><div><div> <a href="https://ips-dc.org/wp-content/uploads/2023/08/EE23-FINAL-aug-23-23.pdf" rel="nofollow" target="_blank">Download Full Report</a></div></div></div></div></div></div></div></div></div><br><span class="gmail_signature_prefix">-- </span><br><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr">June Zaccone<br>National Jobs for All Network<br><a href="http://www.njfac.org" target="_blank">http://www.njfac.org</a></div></div></div> <p></p> -- <br /> This list is only for announcements, so you may not post. To contact the list manager, write to junez [at] njfac.org<br /> --- <br /> You received this message because you are subscribed to the Google Groups "goodjobs" group.<br /> To unsubscribe from this group and stop receiving emails from it, send an email to <a href="mailto:goodjobsforall+unsubscribe@googlegroups.com">goodjobsforall+unsubscribe@googlegroups.com</a>.<br /> To view this discussion on the web visit <a href="https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmA49tdn4rQ8tzN0oNsn0deRNy3ieqbK4r6E4ADVdrjUPA%40mail.gmail.com?utm_medium=email&utm_source=footer">https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmA49tdn4rQ8tzN0oNsn0deRNy3ieqbK4r6E4ADVdrjUPA%40mail.gmail.com</a>.<br /> Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4786828293758878278.post-88454303552633887582023-08-29T06:57:00.000-07:002023-08-29T06:58:02.864-07:00[NJFAC] Critiquing economists, especially Wm Nordhaus. for underplaying climate change<div dir="ltr"><div><div class="gmail_quote"><div><div style="font-family:Arial,Helvetica,sans-serif;font-size:16px"><div dir="ltr"><div> <p><b><span style="font-size:14.0pt">"Blame economists for decades of false security </span></b><span>And the cataclysmic gap between theory, policy and ecosystem collapse <a href="https://annpettifor.substack.com/p/blame-economists-for-decades-of-false" rel="nofollow" target="_blank">https://annpettifor.substack.com/p/blame-economists-for-decades-of-false</a> <a href="https://substack.com/@annpettifor" rel="nofollow" target="_blank">Ann Pettifor</a> Aug 21, 2023</span><span style="font-size:12.0pt"><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3d2d2cc4-5630-4432-8352-05c7c5a2ff6b_2322x660.png" rel="nofollow" target="_blank"></a></span></p> </div><div>....</div><div dir="ltr"><div> <p><span style="font-size:12.0pt">Nordhaus's 1991 paper "<i>To Slow or Not to Slow: The Economics of The Greenhouse Effect</i>", published in the prestigious Economic Journal—one of only 9 papers that this journal has ever published on climate change — kicked off the practice of economists estimating the economic effects of climate change. </span></p> <p><span style="font-size:12.0pt">In it, Nordhaus assumed that 87% of America's GDP— manufacturing, mining, utilities, retail and wholesale services, government, and finance—would be "negligibly affected by climate change", because these activities take place in "carefully controlled environments that will not be directly affected by climate change" (Nordhaus 1991, p. 930).</span></p> <p><span style="font-size:12.0pt">Keen explains that:</span></p> <p style="margin-left:.5in"><span style="font-size:12.0pt">The only thing these industries have in common is that they occur under cover (if one ignores, as Nordhaus evidently did in 1991, open-cast mining), and therefore are not directly exposed to the weather. The industries he said would be "potentially severely impacted"—farming, forestry and fishing—are affected by the weather. </span></p> <p><span style="font-size:12.0pt">Nordhaus therefore effectively equated being exposed to climate change to being exposed to the weather. </span></p> </div><div>...."<br></div></div></div></div></div></div><br clear="all"></div>Nordhaus shared the Nobel in Economics, sponsored by the Swedish Central Bank, in 2018 for his work on climate. jz<br><div><span class="gmail_signature_prefix">-- </span><br><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr">June Zaccone<br>National Jobs for All Network<br><a href="http://www.njfac.org" target="_blank">http://www.njfac.org</a></div></div></div></div> <p></p> -- <br /> This list is only for announcements, so you may not post. To contact the list manager, write to junez [at] njfac.org<br /> --- <br /> You received this message because you are subscribed to the Google Groups "goodjobs" group.<br /> To unsubscribe from this group and stop receiving emails from it, send an email to <a href="mailto:goodjobsforall+unsubscribe@googlegroups.com">goodjobsforall+unsubscribe@googlegroups.com</a>.<br /> To view this discussion on the web visit <a href="https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmCfMPYXShr1fXkin7BUpt6LOBCoN34JuQof1TXc2AqzNA%40mail.gmail.com?utm_medium=email&utm_source=footer">https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmCfMPYXShr1fXkin7BUpt6LOBCoN34JuQof1TXc2AqzNA%40mail.gmail.com</a>.<br /> Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4786828293758878278.post-89899187058076709792023-08-03T11:41:00.001-07:002023-08-03T11:41:44.179-07:00[NJFAC] post on SS in Counterpunch<div dir="ltr"><br><div class="gmail_quote"><br><div><div style="font-family:Arial,Helvetica,sans-serif;font-size:16px"><div dir="ltr"><div><div><span title="2023-08-03">August 3, 2023 </span><a href="https://www.counterpunch.org/2023/08/03/the-bi-partisan-attack-on-social-security/" rel="nofollow" target="_blank"><font size="3">The Bi-Partisan Attack on Social Security</font></a></div> <div><span>by</span> <span><a href="https://www.counterpunch.org/author/fm3lf3lfl/" rel="nofollow" target="_blank">June Zaccone</a><br></span></div><div><span><br></span></div><div dir="ltr"><span><span><span title="2023-08-03">This is based on a longer paper on the website: </span></span></span><a href="https://njfac.org/wp-content/uploads/2023/07/SocSecLets.pdf" target="_blank" rel="noopener">Let's Not "Reform" Social Security (Except to Raise Benefits)</a>, <a href="https://njfac.org/wp-content/uploads/2023/07/SocSec.pdf">Slides</a> <a href="https://njfac.org/wp-content/uploads/2023/07/FactsSS2022.pdf" target="_blank" rel="noopener noreferrer">Facts about Social Security</a><br></div></div><div><br></div></div></div></div></div><br clear="all"><br><span class="gmail_signature_prefix">-- </span><br><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr">June Zaccone<br>National Jobs for All Network<br><a href="http://www.njfac.org" target="_blank">http://www.njfac.org</a></div></div></div> <p></p> -- <br /> This list is only for announcements, so you may not post. To contact the list manager, write to junez [at] njfac.org<br /> --- <br /> You received this message because you are subscribed to the Google Groups "goodjobs" group.<br /> To unsubscribe from this group and stop receiving emails from it, send an email to <a href="mailto:goodjobsforall+unsubscribe@googlegroups.com">goodjobsforall+unsubscribe@googlegroups.com</a>.<br /> To view this discussion on the web visit <a href="https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmB2DjtGZ1SeK_-%3DKnA8u8eCyZqzvBZ%2B4v0j_r9ih0ZJvQ%40mail.gmail.com?utm_medium=email&utm_source=footer">https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmB2DjtGZ1SeK_-%3DKnA8u8eCyZqzvBZ%2B4v0j_r9ih0ZJvQ%40mail.gmail.com</a>.<br /> Unknownnoreply@blogger.comtag:blogger.com,1999:blog-4786828293758878278.post-33144541260698149772023-07-28T15:09:00.001-07:002023-07-28T15:09:23.634-07:00[NJFAC] Jobs for All Newsletter for July-August 2023<div dir="ltr"><div class="gmail_quote"><br><div><div style="font-family:Arial,Helvetica,sans-serif;font-size:16px"><div dir="ltr"><span><a href="https://mailchi.mp/njfac.org/the-truth-about-social-security-reform-labor-organizing-for-the-21st-century?e=d1fe64d930" rel="nofollow" target="_blank">Jobs for All Newsletter, July-August 2023</a> The Truth About Social Security "Reform"; Labor Organizing for the 21st Century; New Leadership for Columbia Full Employment Seminar; Connecticut Jobs & Human Rights Task Force Expands</span><br></div></div></div></div><br clear="all"><br><span class="gmail_signature_prefix">-- </span><br><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr">June Zaccone<br>National Jobs for All Network<br><a href="http://www.njfac.org" target="_blank">http://www.njfac.org</a></div></div></div> <p></p> -- <br /> This list is only for announcements, so you may not post. To contact the list manager, write to junez [at] njfac.org<br /> --- <br /> You received this message because you are subscribed to the Google Groups "goodjobs" group.<br /> To unsubscribe from this group and stop receiving emails from it, send an email to <a href="mailto:goodjobsforall+unsubscribe@googlegroups.com">goodjobsforall+unsubscribe@googlegroups.com</a>.<br /> To view this discussion on the web visit <a href="https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmAog1HscVKdj6f-SaRuHSWnGiBv77Jw20AshGEjsnGsYQ%40mail.gmail.com?utm_medium=email&utm_source=footer">https://groups.google.com/d/msgid/goodjobsforall/CAPV%3DhmAog1HscVKdj6f-SaRuHSWnGiBv77Jw20AshGEjsnGsYQ%40mail.gmail.com</a>.<br /> Unknownnoreply@blogger.com