The Feds Side Against Alt-Labor

Last week, the Federal Trade Commission voted 2-0 to join the Justice Department’s Antitrust Division in an amicus brief to the 9th Circuit Court of Appeals, siding with the Chamber of Commerce against the City of Seattle’s grant of collective bargaining rights to “independent contractors” working as drivers for Uber, Lyft, taxis, and other ride-sharing

Tagged under: ,

This is an edited version of his talk delivered at “Does America Have a Monopoly Problem,” co-hosted by the Roosevelt Institute and the George Washington Institute of Public Policy on September 25, 2017, in Washington, DC. The Nobel Prize winner argues that an economy dominated by large corporations has failed the many and enriched the

Yesterday, two nominees went before the Senate Banking, Housing, and Urban Affairs Committee for a chance to become the next commissioners of the Securities and Exchange Commission. We were thrilled to see Senator Brian Schatz ask the nominees to give their thoughts about the stock buyback “safe harbor,” Rule 10b-18, and even more excited that both

Presentation to the Congressional Progressive Caucus, Opening Remarks October 5, 2017 Amazon recently bought Whole Foods, following a pro-forma approval by the Federal Trade Commission. Amazon touted its plans to cut prices on popular items on the very day the merger closed, and it advertised those discounts as resulting from the merger. It was as

“Market Power Rising” Panel on Antitrust in the Labor Market, Opening Remarks September 25, 2017 Antitrust policy has typically viewed monopsony power in the labor market as arising from an essentially competitive context—if it exists at all. The maintained assumption in the antitrust orthodoxy has been that the economy is on or near its production

Welcome to the inaugural edition of Why This Matters, a new series from Roosevelt staff connecting our individual work—from papers to reports and everything in between—to our broader vision of creating a new, more equitable economic and political system. This series will give readers the top takeaways from our latest writing and thinking, with a focus on why

Tagged under: , ,

With all the discussion on Trump’s tax plan, you could be forgiven for thinking the current tax code is a good tax system. Today’s tax system creates a disproportionate concentration of wealth in the corporate and financial sectors, while leaving revenue on the table that could be put to productive use. In a recent paper,

Today, President Trump unveiled new details about the tax reform plan that have been hashed out in secret for months by the so-called Gang of Six. As reporters and policy experts run numbers about who wins and who loses (spoiler alert: Mnuchin, Trump, and Cohn win, America loses), let’s take a step back at the

Tagged under: , ,

Despite energetic conversations around stagnant wages and job creation, few consider that the financialization of America’s public corporations has contributed just as much to economic inequality as more commonly-cited factors. The debate seems well-settled: scholars point to globalization[1], skill-biased technical change[2], and the decline of union density[3]. Others point to the “rise of the robots”[4],

Winning the Fight Over Tax Reform

This week, President Trump and his allies in the Senate are ramping up their campaign to reform our nation’s tax code. In Finance Committee hearings and over bipartisan dinners, the talking points are familiar: A White House press release described their tax plan as a way to “unleash America’s economic potential,” and just yesterday, the