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Stiglitz: I’m ‘very uncomfortable’ with current stock levels (CNBC)
Roosevelt Institute Chief Economist Joseph Stiglitz emphasizes the difference between a strong stock market and overall economic strength, reports Antonia Matthews.
- Roosevelt Take: William Lazonick looks at the link between the stock market and the economy through executive compensation and stock buybacks.
Union Wins $15 Minimum Wage for L.A. Schools’ Service Workers (LA Times)
Howard Blume says the school board’s unanimous approval of higher wages shows the growing power of the service workers’ unions in Los Angeles, where many union members are also parents.
Why the Supreme Court’s Attack on Labor Hurts Women Most (The Nation)
Michelle Chen argues that limiting home health care workers’ ability to organize will prevent many others in low-wage domestic work, primarily women, from improving working conditions.
- Roosevelt Take: Roosevelt Institute Senior Fellow Richard Kirsch looks at the challenges presented by the Harris v. Quinn ruling.
Conservatives Say Cutting Unemployment Benefits Boosted the Jobs Numbers. This Chart Says Otherwise. (TNR)
Long-term unemployment is still falling at the same slow-and-steady pace as the past few years, writes Danny Vinik, indicating no link to the end of extended unemployment benefits.
Left Pushes Regulators to Lift Curtain on CEO Pay (The Hill)
Labor unions and other interest groups fear that upcoming regulations that require companies to disclose CEO-to-median-worker pay ratios will be diluted, says Megan R. Wilson.
Democrats Can Win with Populism — If They Play it Right (WaPo)
New polling data shows that many voters associate the Republican Party with big business and the wealthy, which Aaron Blakes sees as a key strategic point for Democrats in 2014.
Three Paths to Full Employment (AJAM)
Dean Baker’s suggestions include increased government spending, as in the New Deal; reducing the trade deficit; and reducing the supply of labor with policies that push employers to hire more people.