Economic Policy Institute

“Conclusion: it’s aggregate demand, stupid!

There are simply no structural changes capable of explaining the pattern of sustained high unemployment over the last five years. What we have, instead, is an aggregate demand problem. The reason we are not seeing robust job growth is because businesses have not seen demand for their goods and services pick up in a way that would require them to significantly ramp up hiring. The right policies for the present moment are, therefore, straightforward. More education and training to help workers make job transitions could help some individuals, but it’s not going to generate demand, so it will not solve the unemployment crisis. Instead, Washington policymakers must to focus on policies that will stimulate demand. In the current moment this can only be reliably accomplished through expansionary fiscal policy involving such measures as large-scale ongoing public investments and the reestablishment of state and local public services that were cut in the Great Recession and its aftermath.”


Entrepreneurs and Worker Cooperatives

“Worker Cooperatives — Is This a Model That Can Lift Families Out of Poverty?”
It is a good question. Research findings about employee-owned businesses are rarely negative — they are either just as good as regular businesses, or they are more productive, less susceptible to failure, more attentive to quality and less likely to lay off workers in a downturn (though they may be slower to hire when times are good).

Where Are All the Men?

With all of this anti-woman rhetoric coming from the right I have to wonder why men aren’t speaking out against it. After all, men are as dependent on the use of contraceptives, as their wives and girlfriends are. Even families who want a lot of children practice family planning to determine when their children are born. There is also the issue of maternity care. Do men really want to be responsible for hundreds of thousands of dollars in medical care when a child is born because their employer refuses to provide maternity care to women?

Come on guys, it’s time to stand up and speak out against this effort to deny your wives, girl friends, mothers, aunts, daughters and friends access to necessary medical care. Help stop the raid on a woman’s right to adequate medical care. Refuse to accept that employers can decide that women’s health is less important than men’s. Accept the fact that this movement affects you as clearly as it affects the women in your life.

Education, Innovation, Immigration

“When you look at the factors that drive success, the large variation between counties starts to make sense. Many counties combine all the main ingredients for success. Return, again, to Boston. With numerous universities, it is stewing in innovative ideas. It is an urban area with many extremely accomplished people offering kids lessons on how to make it. And it draws plenty of immigrants, whose children are driven to apply these lessons.”

The Geography of Fame