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Why Inequality Matters and What Can Be Done About It

Joseph Stiglitz Next New Deal
We must be careful of how we measure our progress. If we use the wrong metrics, we will strive for the wrong things. Economic growth as measured by GDP is not enough—there is a growing global consensus that GDP does not provide a good measure of overall economic performance. What matters is whether growth is sustainable, and whether most citizens see their living standards rising year after year.

High Minimum Wage Equals Jobs Growth

Victoria Stilwell, Peter Robison & William Selway Bloomberg
Washington raised the minimum wage in 1998 linking it to inflation. In the 15 years that followed, the state's minimum wage climbed to $9.32 - highest in the country. Meanwhile job growth continued at an average 0.8 percent annual pace, 0.3 percentage point above the national rate. Payrolls at Washington's restaurants and bars, portrayed as particularly vulnerable to higher wage costs, expanded by 21 percent. Poverty has trailed the U.S. level for at least seven years

NAFTA: 20 Years of Regret for Mexico

Mark Weisbrot Guardian
Since 2000, the Latin American region as a whole has increased its growth rate to about 1.9% annually per capita – not like the pre-1980 era, but a serious improvement over the prior two decades when it was just 0.3%. But Mexico hasn't joined in this long-awaited rebound: its growth has remained below 1%, less than half the regional average, since 2000. And not surprisingly, Mexico's national poverty rate was 52.3% in 2012, basically the same as it was in 1994 (52.4%).

How Science Is Telling Us All to Revolt

Naomi Klein NewStatesman (UK)
Is our relentless quest for economic growth killing the planet? Climate scientists have seen the data - and they are coming to some incendiary conclusions.

A Decade of Flat Wages

Lawrence Mishel and Heidi Shierholz Economic Policy Institute
The priority has to be jobs now, rather than any deficit reduction. On top of lowering unemployment, policy should also restore the bargaining power of low- and middle-wage workers. This means aggressively increasing the minimum wage; it means reestablishing the right to collective bargaining for higher wages; it means guestworkers should have full rights to the same labor market protections as resident workers; it means paying attention to job quality and wage growth.

Future of Milwaukee Depends on Raising Poverty Wages

By Matthew Finnell Wisconsin Jobs Now!
Through outreach, organizing, and advocacy workers can improve their wages, hours, and benefits through direct action and by enacting pro-worker policies. The only reason manufacturing jobs paid well in the first place was because workers demanded that they did decades ago.

Government is Hurting the Economy - by Spending too Little

Ezra Klein Washington Post Wonkblog
In light of the report that the economy contracted in the last quarter of 2012 due partly to cutbacks, Ezra Klein notes that one man's big government socialism is another man's premature and destructive fiscal retrenchment.
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