Communities That Lost Manufacturing Jobs Are Main Beneficiaries of Biden Administration’s New Industrial Policy
Aurelia Glass & David Madland of CAP: ”New analysis finds that private investments from the Infrastructure Investment and Jobs Act, CHIPS and Science Act, and Inflation Reduction Act are being announced in the communities that have been hit hardest by disinvestment in American manufacturing.”
On Larry And Ledes
Revolving Door Project: “Larry Summers' latest departure raises questions new and old. And we wish Politico had buried this lede, preferably at least six feet deep.”
The Dream of the 90's, Part I: The Three Drivers of Productivity Growth
Preston Mui of Employ America: “The last major productivity gains in the US economy happened in the 1990s. We have the opportunity today to recreate some of the dynamics that produced those sustained productivity gains. To restore this productivity growth today, policy should focus on the core drivers of 1990s measured productivity growth: a mature labor market, a fixed investment boom, and a stable supply of essential commodities and services. “
Decline of labor unions weakens American democracy
EPI: “The decline of the American labor movement since the 1970s has been a major cause of stagnating wages and rising income inequality, and contributes to U.S. workers facing more dangerous working conditions than their counterparts in other wealthy countries. With the 2024 presidential election approaching, however, it is crucial to look beyond these economic consequences—as important as they are—and to recognize that the decline of American labor unions also leaves American democracy vulnerable.”