Thursday, September 28, 2017

Maybe It’s the “Job Creators” That Should Be More Grateful…

Maybe It’s the “Job Creators” That Should Be More Grateful…

Okay guys, Twitter has yet to switch my account over to allow me to tweet 280 characters at a time, so you’re stuck with me in one slightly larger chunk here. =P
Over the past week, well, the anthem thing, right? You all have feelings I’m guessing, and that’s fine, but I would like to focus on a fairly specific gripe here. Consider the following, well, let’s call it a statement…
Now, people have tried to make this into a racial thing, which maybe it is (add it to the pile if so I guess), but it’s also reflective of a larger problem we tend to have regarding workers, employers, and compensation. See here’s the thing- when a worker chooses to work for a company (or another person, etc.) and the company pays the worker, they are engaging in a trade that makes both of them better off. Logically, if the worker is supposed to be grateful that the company employed him, the employer should also be grateful that the worker accepted the job. I could even take this further and argue that the degrees of grateful should be determined by how much value the transaction creates for the worker versus the company. (The value created for the employer is the difference between how much the worker adds to profit and how much the worker gets paid, and the value created for the employee is the difference between what he is paid and what he would get paid in his next best job opportunity.) In the case of the NFL, it’s…*looks at some numbers* entirely likely that the owners should be more grateful than the players by this measure, and don’t even get me started on college sports. ðŸ™‚
We don’t seem to impart this sort of…emotion, morality, whatever you want to call it, into markets for stuff- I don’t really ever have anyone tell me that I should be grateful that Apple sold me an iPhone, for example. I guess sometimes I hear variations of “that company should be grateful for its customers,” but it’s usually in the context of the company needing to provide better customer service in order to not go out of business rather than an “on principle” kind of argument. Instead, we seem to inherently get that there is a symbiotic relationship between producer and consumer and that it doesn’t make sense to think of one as primary and the other secondary.
The circular-flow model makes this point pretty clearly:
That said, there are plenty of times in society (particularly in policy discussions, unfortunately) where we lionize the “job creators” and frame workers as “takers” rather than recognize and respect this symbiotic relationship- what could possibly go wrong? It’s not like companies already have more monopsony power than workers do just due to sheer relative numbers…
Update: Wonder if this guy is grateful enough…

Fixing education inequalities will require fixing broader societal inequities [feedly]

Fixing education inequalities will require fixing broader societal inequities
http://www.epi.org/blog/fixing-education-inequalities-will-require-fixing-broader-societal-inequities/

Every serious education research study concludes with a series of recommendations for further research and implications for education policy. Our recent paper comparing skills gaps among kindergartners an "academic generation" apart is no exception. What is perhaps different is how important we think major changes to policies outside the realm of education are to improving the education system itself.

In Reducing and averting achievement gapswe show that there was a large gap in preparedness between high and low social class students who began school in the fall of 2010. Furthermore, this gap changed very little over the prior twelve years. And it's not only a matter of math and reading skills—there are similar gaps in social and emotional skills, which interact with and inform those traditional academic abilities.

We recommend that our counterparts in the field take up questions that arose in the course of conducting this work—like, to what degree do these gaps persist and change as children progress through elementary school and beyond, and what explains the lack of change over the past decade?

The third part of our paper draws on studies of a dozen communities that have embraced a range of strategies to mitigate the impacts of poverty at the district level—including very early support for children and their families, efforts to engage parents as partners in their children's education, pre-K and improved kindergarten transitions, enriching, whole-child curricula, and wraparound health and nutrition services through the K–12 years. Our case studies highlight how feasible, and successful, this kind of comprehensive enrichment and support can be.

Read more


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A leopard can’t change its spots: Newest Republican tax framework is what we knew it always would be—tax cuts for the rich. [feedly]

A leopard can't change its spots: Newest Republican tax framework is what we knew it always would be—tax cuts for the rich.
http://www.epi.org/blog/a-leopard-cant-change-its-spots-newest-republican-tax-framework-is-what-we-knew-it-always-would-be-tax-cuts-for-the-rich/

The framework of the Republican tax plan was released today. In recent months, architects of the plan repeatedly promised that they had no "intention" to release a tax plan that disproportionately cut the taxes of the rich. Some too-credulous writers repeatedly chastised those of who thought that past Republican plans would provide a decent roadmap for the future and pre-emptively warned about all of the creative ways their new plan would likely try to cut the taxes of the rich. So, did Republicans unexpectedly veer and deliver a "middle-class tax cut"?

Nope.

They have once again rolled out a tax plan that is basically the same as all their previous tax plans. Not only does it deliver big tax cuts for the rich, it actually pretty creatively ensures that the crumbs that fall to the middle-class will be as small as possible.

The most obvious giveaways to the rich are a reduction in the top individual rate to 35 percent and a cut in the top corporate rate to 20 percent. As we've noted before, cuts to corporate rates are cuts to the rich, period.

But these are just the most-obvious tax cuts for the rich.

Contradicting their claims to simplify the tax code, Republicans are adding loopholes. Anybody who studies taxes knows that they are not complicated because of the rates—you look those up in a table after you've done the hard part of wrestling with deductions and exclusions. So making 7 rates into 3 does nothing to deal with the complexity of the tax code. But adding further loopholes for the rich and big corporations does exacerbate the code's complexity and unfairness.

One of their more egregious loopholes is hidden behind rhetoric about helping "small business." The loophole caps the rate that individuals must pay on "pass-through" income at 25 percent. The first thing to note about this is that there is no small business tax code. Small business owners pay nothing at the business level, but then simply pay taxes on profits they take home on their individual income tax forms, just like you and I. So, the new tax rate does not cut taxes on small businesses. Instead, it cuts individual tax rates on small business owners who currently are in tax brackets above 25 percent. This is an extremely small share of all small business owners (less than 3 percent of all tax units are above the 25 percent tax bracket). So, this carve-out does not serve genuine small businesses, but instead serves only to ensure that rich households won't have to actually pay the top individual tax rate on money they earn from "small businesses" like hedge funds and law firms, but can instead pay a lower 25 percent.

Read more


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Wednesday, September 27, 2017

Enlighten Radio Podcasts:Podcast:The Moose Turd Cafe 9/27/17

John Case has sent you a link to a blog:



Blog: Enlighten Radio Podcasts
Post: Podcast:The Moose Turd Cafe 9/27/17
Link: http://podcasts.enlightenradio.org/2017/09/podcast-moose-turd-cafe.html

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Enlighten Radio Podcasts:Podcast: Winners and Losers ACLU of WV-- YOUR RIGHT TO VOTE MAY BE ERASED

John Case has sent you a link to a blog:



Blog: Enlighten Radio Podcasts
Post: Podcast: Winners and Losers ACLU of WV-- YOUR RIGHT TO VOTE MAY BE ERASED
Link: http://podcasts.enlightenradio.org/2017/09/podcast-winners-and-losers-aclu-of-wv.html

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Enlighten Radio Podcasts:Podcast: The Moose Turd Cafe -- Diesel and Case: Vol 1. Show 1

John Case has sent you a link to a blog:



Blog: Enlighten Radio Podcasts
Post: Podcast: The Moose Turd Cafe -- Diesel and Case: Vol 1. Show 1
Link: http://podcasts.enlightenradio.org/2017/09/podcast-moose-turd-cafe-diesel-and-case.html

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Links: Be ready, Ds. What happened to OT? Do R’s care about deficits?



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Links: Be ready, Ds. What happened to OT? Do R's care about deficits? // Jared Bernstein | On the Economy
http://jaredbernsteinblog.com/links-be-ready-ds-what-happened-to-ot-do-rs-care-about-deficits/

–First, from yesterday's WaPo, when the pendulum swings back, assuming the nation's still standing, D's need to "be ready to launch thoughtful, vetted, well-understood and well-articulated plans in key policy areas." I offer nudges in the areas of taxes, health care, poverty/inequality, and jobs.

–The salary threshold for overtime pay should have been raised long ago, but team Trump isn't going there. They've said they'll consider raising the salary threshold but to a lower level than Obama proposed. The DoL asked for comments on the threshold, and here's a link to mine.  See also EPI's Heidi Shierholz's comment; she fought really hard for this as DoL's chief economist back in the day and she takes a really trenchant dive into the issue.

–Do Republicans really give even half-a-crap about budget deficits? Actually, they kinda do, but only as a tactic to argue for spending cuts. In today's NYT.

 

 


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