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Gatsby and the McJobs Rebellion (KC Star)
Roosevelt Institute Fellow Dorian Warren notes that the new adaptation of The Great Gatsby is timed nicely with fast food and retail workers’ push for fairer wages. The story of unbridled greed keeps being retold, but this time they plan to write their own ending.
Millennials reject ‘lazy, entitled’ label: ‘Who are they talking about?’ (Today)
Roosevelt Institute | Pipeline Fellow Nona Willis Aronowitz writes that while pundits sneer at Millennials, members of the generation that came of age during the Great Recession are too busy working to improve the bad hand they’ve been dealt to have time for haters.
84 Percent of NYC Fast Food Workers Report Wage Theft in a New Survey (The Nation)
Josh Eidelson highlights a new report that finds many fast food restaurants are pulling a fast one on their workers, who are forced to work without pay or denied breaks and overtime. Even the Hamburglar himself would never have stooped to this kind of petty thievery.
That’s a ‘Depression’: Europe’s Double-Dip Is Officially Longer Than Its Great Recession (The Atlantic)
Matthew O’Brien notes that GDP data prove Europe’s response to the recession has been worse than the recession itself, but polls still show widespread support for the euro and austerity, so the continent may just have an unusually large population of masochists.
Surprise! Inflation is too low almost everywhere on earth (WaPo)
Neil Irwin writes that in contrast to inflationistas’ repeated warnings that quantitative easing would lead to a grim, dark future in which there is only Bitcoin, none of the leading central banks have even been able to hit the 2 percent inflation rate they were aiming for.
Foreclosure Crisis Cost U.S. $192.6 Billion in Lost Wealth Last Year, Study Finds (HuffPo)
Jillian Berman writes that even as the housing market rebounds, millions continue to lose their homes or struggle in vain to save them, with minority borrowers hit particularly hard. Is there no “moral hazard” in leaving enough people underwater to re-settle Atlantis?
The real IRS scandal: Targeting by class (Salon)
David Dayen points out that unfairly scrutinizing one group over another isn’t new behavior for the IRS. That’s why the working poor get audited while big corporations get away with just about anything as long as they employ a sufficiently intimidating number of lawyers.
Billionaires Unchained (TomDispatch)
Andy Kroll argues that you can’t measure the impact of money in politics by simply chalking up big donors’ wins and losses and calculating the score. The point is that something’s off when one person can spend more in one election than most voters will ever make.