Daily Digest – February 24: How to Recreate a Strong Middle Class
February 24, 2015
Free the Middle Class (USA Today)
Senator Elizabeth Warren and Representative Elijah Cummings argue that bringing back a strong middle class requires government intervention.
Even Better Than a Tax Cut (NYT)
Continually cutting taxes won’t be possible if the government is going to function, argues Lawrence Mishel, which makes policies that push wage growth far more important right now.
NJ Judge Overturns Christie’s Pension Cuts (AJAM)
Yesterday’s ruling says that Christie could not choose to shortchange pensions in his 2014 budget, and he is now expected to make up the pension deficit by the end of the fiscal year in June.
A Student-Debt Revolt Begins (New Yorker)
Vauhini Vara speaks to one of 15 students from a now-closed for-profit college who are going on a “debt strike” because they argue the school’s false promises make their loans invalid.
Retail Workers Are Quitting Their Jobs Like It’s 2007 (Buzzfeed)
Sapna Maheshwari ties the retail quits rate to recent moves by large retail employers to raise their wages. If workers are quitting because they can get better jobs, employers have to catch up.
Why Reform Conservatives Should Join the Democratic Party (The Week)
Jeff Spross argues that so-called reformicons would have much better luck with their policy priorities if they worked with Democrats, who actually support programs that help the poor.
Obama’s Newest Plan Might Drive Investment Advisers Out of Business. Good. (Vox)
Matt Yglesias argues that it’s for the best if financial advisors for the middle class are driven out of business, because they are only pushing products that make them money.