Fw: Equitable Growth Press Clips August 10

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P17 V11 P22 V16 D6

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________________________________ From: Oya Aktas <[email protected]> Sent: Monday, August 10, 2015 11:27 AM To: Equitable Growth Subject: Press Clips August 10 Daily Press Clips 08.10.2015 Equitable Growth in the News | Economic News | Political News | New Reports Equitable Growth in the News Jobs numbers look good, but not rosy picture for all<http://www.phillyvoice.com/jobs-numbers-look-good-not-rosy-picture-all/> Philly Voice – Jake Blumgart “We are definitely seeing recovery but the extent of it is not as much as you would think from the unemployment rate,” says Nick Bunker, policy analyst at the Washington Center for Equitable Growth. “There is this long decline of labor force participation due to a variety of factors, mostly demographics. Obviously the unemployment rate has dropped quite a bit the last two years, but that’s hard to look at as a pure indicator of labor market health like people did prior to the recession.” Economic News <http://www.nytimes.com/2015/08/09/opinion/sunday/capitalists-arise-we-need-to-deal-with-income-inequality.html?ref=opinion> Capitalists, Arise: We Need to Deal With Income Inequality New York Times – Peter Georgescu If inequality is not addressed, the income gap will most likely be resolved in one of two ways: by major social unrest or through oppressive taxes, such as the 80 percent tax rate on income over $500,000 suggested by Thomas Piketty, the French economist and author of the best-selling book “Capital in the Twenty-First Century.” <http://www.nytimes.com/2015/08/09/opinion/sunday/david-l-kirp-what-do-the-poor-need-try-asking-them.html?ref=opinion> What Do the Poor Need? Try Asking Them New York Times – David L. Kirp To improve poor neighborhoods, the people who live there must have a hand in deciding their own fate. That approach works well in Houston, where one program has enabled hundreds of thousands of poor residents, many of them immigrants, to move up the ladder of economic and educational opportunity each year. It’s a strategy that can — and should — be implemented nationwide. Clinton proposes a $350 billion plan to make college affordable<http://www.washingtonpost.com/news/wonkblog/wp/2015/08/10/clinton-proposes-a-350-billion-plan-to-make-college-affordable/> Wonkblog – Danielle Douglas-Gabriel Hillary Rodham Clinton will announce a $350 billion plan Monday to make college affordable and relieve the burden of student debt for millions of Americans, drawing on popular tenets of the progressive wing of the Democratic Party. Why raising the minimum wage could actually make more employees quit<http://www.washingtonpost.com/news/wonkblog/wp/2015/08/07/why-raising-the-minimum-wage-could-actually-make-more-employees-quit/> Wonkblog – Lydia DePillis [W]hile it might not be an economically rational decision to leave a job just because someone below you is all of a sudden making nearly as much, humans aren't always perfectly rational beings. Prosperity relative to one's neighbor tends to be a more important determinant of happiness than the actual number on their paycheck. <http://www.washingtonpost.com/news/wonkblog/wp/2015/08/07/the-rise-and-spread-of-poverty-in-u-s-cities-in-darkly-beautiful-maps/> The rise and spread of poverty in U.S. cities, in darkly beautiful maps Wonkblog – Emily Badger In the nation's biggest cities, the number of poor people and the share of census tracts where poverty is concentrated has skyrocketed since the 1970s. But it's a little hard to appreciate the scale of that change in dry numbers. So Justin Palmer, a Portland engineer and designer at GitHub, recently took this same data and put it on a series of stark city maps<http://labratrevenge.com/nation-of-poverty/>. The Racial Gaps in America's Recovery<http://www.theatlantic.com/business/archive/2015/08/jobs-numbers-racial-gap-recovery/400685/> The Atlantic – Gillian B. White The national unemployment rate continues to improve, but progress has been much slower for blacks and Hispanics. The Resurrection of America's Slums<http://www.theatlantic.com/business/archive/2015/08/more-americans-are-living-in-slums/400832/> The Atlantic – Alana Semuels After falling in the 1990s, the number of poor people living in high-poverty areas has been growing fast. Abercrombie & Fitch to end on-call scheduling after public criticism<http://america.aljazeera.com/articles/2015/8/7/abercrombie-fitch-announces-end-to-on-call-scheduling-practices.html> Al Jazeera – Ned Resnikoff Retailer is one of several under pressure by New York state attorney general’s office over labor practices Political News Clinton to unveil $350B debt-free-tuition proposal<http://thehill.com/blogs/ballot-box/presidential-races/250700-clinton-to-unveil-debt-free-tuition-proposal> The Hill – Jesse Byrnes The program, to be announced in New Hampshire, would push the federal government to pay an estimated $350 billion over 10 years and include refinancing options for around 25 million people with outstanding student debt, according to multiple<http://www.nytimes.com/2015/08/10/us/politics/hillary-clinton-to-offer-plan-on-paying-college-tuition-without-needing-loans.html> reports<http://www.wsj.com/articles/hillary-clinton-proposes-debt-free-tuition-at-public-colleges-1439179200>. Debate rages over regulating the ‘on demand economy’<http://thehill.com/policy/technology/250632-debate-rages-over-regulating-the-on-demand-economy> The Hill – David McCabe The more than 2,000 comments posted so far by the agency reflect the conflicting pressures on federal regulators as they examine issues related to services like Uber and Airbnb. They will likely have to balance industry’s pleas for a hands-off approach with the competing businesses and individual Americans who say there are downsides to the popular platforms. Meet the Overtime Elite<http://www.politico.com/story/2015/08/meet-the-overtime-elite-121167.html?hp=t1_r%20Politico%20–%20Marianne%20Levine> Of the 5 million workers who could get extra pay under Obama’s overtime plan, 36,000 earn over $100,000 a year. Hillary Clinton’s $350 billion plan to kill college debt<http://www.politico.com/story/2015/08/hillary-clintons-350-billion-plan-to-kill-college-debt-121210.html?hp=t3_r> Politico – Nirvi Shah and Kimberly Hefling The plan, which would change the way a large swath of Americans pay for college, borrows ideas from the left and the right New Reports Are Universities Becoming More Unequal<http://papers.nber.org/tmp/20952-w21432.pdf> Yan Lau, Harvey S. Rosen Observers have expressed concern about growing inequality in resources across universities. But are universities really becoming more unequal? We argue that the typical approach of examining endowment growth alone is not sensible. In line with the literature on household inequality, we focus instead on a comprehensive income measure. We find that although there is considerable inequality among institutions, concerns about the inexorable growth of inequality are overblown. Whether one looks at income, endowment wealth, or expenditure, inequality has been high but stable, exhibiting only negligible increases in recent years. Furthermore, there has been little mobility within the higher education sector.