Thursday, February 15, 2024

[NJFAC] Tell Congress: No “fiscal commission” that threatens Social Security and Medicare


Stop Fast Track Cuts to Social Security

Dear Friends,

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.

 

As Roosevelt stated in his 1945 State of the Union address:

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.

Please consider signing the following Action Alert.

Best regards,
Trudy Goldberg, Chair
National Jobs for All Network
We cannot balance the federal budget on the backs of older Americans, people with disabilities, and low-income communities.

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.

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.

TELL CONGRESS: No "fiscal commission"

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.

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.

ADD YOUR NAME to tell Congress to reject the "fiscal commission."
Thanks for all you do,
The whole Common Dreams team
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June Zaccone
National Jobs for All Network
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Friday, February 2, 2024

[NJFAC] "greedflation" as source of inflation surge

'Greedflation' caused more than half of last year's inflation surge, study finds, as corporate profits remain at all-time highs Irina Ivan, Fortune

"We may be looking at the end of capitalism." Those words, from the pen of the loquacious Albert Edwards of Societe Generale, shocked the Wall Street analyst set last April and set Alberts on his way to becoming a financial press favorite 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. 

But after falling from its blistering pace in 2022, consumer inflation has gotten stubbornly stuck in the 3% range—rising unexpectedly for the last two months even as wholesalers' prices stay flat or fall. 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 findings. Corporate profits, by the way, remain at all-time highs.

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. 

"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 Fortune. ....


A Goodjobs member reports a more than doubling of retail sector profits over 4 years.  jz
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June Zaccone
National Jobs for All Network
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[NJFAC] Clinton’s Presidency Was a Disaster for Labor --the late Judith Stein is co-author of book reviewed

....

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."

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.

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.....


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June Zaccone
National Jobs for All Network
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Tuesday, January 16, 2024

[NJFAC] Full Employment Is Good for Society

Full Employment Is Good for Society Paul Krugman, NYT, 1/15/24

....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.

Full employment also did wonders for another aspect of racial disparities: high Black unemployment. Last hired, first fired 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 the gap between Black and white unemployment rates is the smallest it has been since the government started collecting data on the subject.

....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.....

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."

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June Zaccone
National Jobs for All Network
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Monday, January 15, 2024

[NJFAC] The REAL AI automation threat to workers

Pluralistic: The REAL AI automation threat to workers (11 Jan 2024) Cory Doctorow Posted on January 11, 2024

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?
....
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:
....

Writing in The Guardian, Steven Greenhouse describes the AI-enabled workplace, where precarious, often misclassified workers are monitored, judged, and fined by algorithms:

https://www.theguardian.com/technology/2024/jan/07/artificial-intelligence-surveillance-workers

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.

Here's a supreme irony: nearly all of the beneficial applications for AI require that AI be used to help 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 reduces the number of scans a radiologist processes in a shift, by making them go back and reconsider the scans they've already processed: https://locusmag.com/2023/12/commentary-cory-doctorow-what-kind-of-bubble-is-ai/

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.

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.....

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June Zaccone
National Jobs for All Network
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Saturday, January 6, 2024

[NJFAC] Jobs for All Newsletter, December 2023

Jobs for All Newsletter, December 2023, 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

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

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Sunday, December 31, 2023

[NJFAC] $ and Sense editorial: We Have the Power—How Will We Use It?

From the Editors
We Have the Power—How Will We Use It?
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. 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 Washington took the credit away.

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,
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? Voting the right people into office is surely an important part of the equation, but the
expiration of the ECTC shows that voting alone won't do it.

Another big part of the answer comes in Barry Eidlin's feature, "Union Democracy Stands Up." Eidlin examines the late-20th-century decline and recent comeback of the Teamsters
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
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."

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
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.

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
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.

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.

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

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June Zaccone
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