Hey, What’d I Miss? OTE Summary, 6/18 – 6/24

June 24th, 2013 at 11:21 am
  • Talking about resetting the current economic debate with CAP’s Michael Linden.
  • Considering what happens as economic stimulus winds down.
  • Highlighting CBPP’s Bob Greenstein on an unbelievably draconian amendment to the farm bill that failed in the House this week.
  • On the Fed:  noting that Bernanke’s forward guidance on the taper may be too optimistic, and wondering if the Fed is making the same mistake as Congress by pivoting away from stimulus.
  • Discussing CBO’s analysis of the fiscal impact of immigration reform: it turns out that the bill is expected to lower the budget deficit by $197 billion over the next decade.  Wonky bonus: delving into a bit of the economics behind CBO’s analysis.
  • Looking at whether SNAP rolls have increased more than they “should have” over the past few years (spoiler alert: nope — in fact, if they hadn’t increased, something would have been seriously wrong).
  • Rounding up some news from the morning papers on immigration reform and the Transatlantic Trade and Investment Partnership.
  • Two new blog posts over at the NYT Economix blog:  on the text and subtext of the current U.S. economy & controlling the immigrant flow as a part of reform.
  • Laying out the tenth edition of Sequester Watch:  those who forget about sequestration are doomed to repeat it…
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One comment in reply to "Hey, What’d I Miss? OTE Summary, 6/18 – 6/24"

  1. smith says:

    For those who missed my comment on June 14
    http://jaredbernsteinblog.com/i-ask-again-is-technology-blocking-the-path-to-full-employment/
    which gave this answer to PK and JB’s questions about technology:

    “Perhaps it’s not technology giving greater returns, it’s unpaid internships and office workers putting in 50 to 60 hours a week. Restore the 40 hour work week. Office workers are the new factory workers. They don’t strike because they’re sitting in an air conditioned office.”

    They can catch a different version of the same sentiment here:
    The Future of Fair Labor
    By JEFFERSON COWIE
    Published: June 24, 2013
    http://www.nytimes.com/2013/06/25/opinion/the-future-of-fair-labor.html

    What Cowie still misses and the point implied by my “office workers are the new factory workers” phrase is that the very definition of “exempt” status needs to be redefined in law for the 40 hour work week to be effective. (see how France does it) Cowie also misses the very special, important, in real and symbolic terms, exempt status for computer programmers. (crazy stuff, I couldn’t make this up)


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