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Studying the Rich (Boston Review)
In his review of Thomas Piketty’s Capital in the 21st Century, Roosevelt Institute Fellow Mike Konczal says the wealthy worry about their place in society because they’re no longer just a model of success: they’re a research question to study.
Fight Over Minimum Wage Hike Comes to a Head in the Senate (CBS News)
Rebecca Kaplan reports that after months of delays, a bill to raise the minimum wage to $10.10 an hour will finally reach the Senate today. If the GOP filibusters as expected, the bill will be short-lived.
Stop Worrying and Enjoy Rising Wages (NYT)
Jared Bernstein calls on the Fed to allow wages to rise without worrying too much about inflation. There’s no real evidence that inflation is rising too fast, but there are plenty of reasons to celebrate wage growth.
Why Americans Are Moving Less: New Jobs Aren’t Worth It (Atlantic Cities)
The financial benefits of changing jobs have diminished, according to one new study, and Richard Florida reports that this could be the key to understanding the decline in interstate moves.
Sorry Conservatives — America’s Mobility Problem is Real (MSNBC)
Timothy Noah counters the typical conservative claims that social mobility is strong in the U.S. He points out that intergenerational shifts provide far more useful data than individuals’ lifetime earnings.
New on Next New Deal
Roosevelt Institute Senior Fellow Richard Kirsch says that the expansion of mini-post offices in Staples is indicative of the U.S. economy’s overall shift toward low-wage jobs since the Great Recession.
Roosevelt Institute | Campus Network National Operations Strategist Lydia Bowers uses a subway ad about food delivery as a reminder of President Roosevelt’s call for a living wage and leisure time for all workers.