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Among the more novel ideas for responding to the COVID-19 crisis is the reboot of a long-forgotten New Deal-era institution: the Reconstruction Finance Corporation (RFC). Operating from 1932 to 1957, the agency lent and invested tens of billions of dollars to banks, manufacturers, state and local governments, federal agencies, and more—even creating whole industries from
The Department of Labor (DOL) was slated to release the latest data on unemployment filings tomorrow (the announcement is delayed until May 8), figures that will provide a staggering picture of COVID-19’s devastating effects on workers and our economy. Though not unexpected, these findings must shape the strategy, size, and scope for America’s economic recovery.
The COVID-19 pandemic poses deep and intertwined structural threats to an American economy that was already fragile. When the virus struck, the US had far greater wealth and income inequality than other advanced nations, and far larger coverage gaps in health and social insurance—from paid leave to unemployment insurance. As always, those inequalities were starker
FOR IMMEDIATE RELEASE:April 30, 2020 CONTACT:Ariela Weinberger, firstname.lastname@example.org American Labor Law Is Broken; Worker Survey Data Tells Us How it Fails and How to Fix ItNew Roosevelt report outlines new criteria for workplace law reform New York, NY—Worker power in the United States has long been in a downward spiral. Over the past five decades,
American labor and employment law is broken—affording workers little voice and few rights—and the COVID-19 pandemic has cast these failings in sharp relief. But even before the coronavirus crisis, a growing number of labor activists, policymakers, and academics have been calling for a fundamental overhaul of workplace law. In American Workers’ Experiences with Power, Information,
Roosevelt Institute Board Member and Vice Chair Paul R. Rudd died suddenly on Tuesday, April 28, in New York. Paul joined our board in 2011 and served as chair of the Finance and Investment committee. We will deeply miss his wisdom, knowledge, and kindness, and his commitment to making the world more just and equitable.
As millions of Americans struggle during an acute and severe economic and public health crisis, we see a pervasive demand for Congress to take more sweeping, and long-term action on economic relief. New polling data from the Groundwork Collaborative and Roosevelt Institute find that Americans see past efforts as the beginning, not the end, and
NEW COVID-19 POLICY POLLING: Voters Demand Further Government Action; Overwhelming Support for Immediate Aid to Families, Frontline Workers
FOR IMMEDIATE RELEASE:April 29, 2020 NEW COVID-19 POLICY POLLING: Voters Demand Further Government Action; Overwhelming Support for Immediate Aid to Families, Frontline Workers70 percent want Congress to “do whatever it takes to provide Americans the economic support they need during this very difficult time”; 71 percent want “major, sweeping action to address the economic impact
My experience with the Roosevelt Institute is linked to the person I admire most in politics: Sen. Elizabeth Warren (D-MA). When I entered my first year of college at UCLA, I aspired to attend law school one day; public policy was not on my professional radar, and I was pessimistic about politics in general. At
From the lack of paid sick leave to a shortage of hospital beds, the COVID-19 pandemic has exposed glaring problems in our social infrastructure. Those who remain on the job in essential industries risk exposure, and therefore their lives, every day. The threat posed to working people today is both an immediate crisis and also