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Robert Reich | The Jobs Report and the Election

Sat, 09/08/2012 - 16:38 — Dave Culver
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Economics
  • President Obama's speech to the Democratic National Convention was long on uplifting rhetoric but short on specifics for what he'll do if reelected to reignite the American economy.
  • Minimum Wage Raise is the Least We Can Do to Civilize America
  • How Bad Things Are

Robert Reich, Robert Reich's Blog

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(September 7, 2012) President Obama’s speech to the Democratic National Convention was long on uplifting rhetoric but short on specifics for what he’ll do if reelected to reignite the American economy.

Yet today’s jobs report provides a troubling reminder that the economy is still in bad shape. Employers added only 96,000 nonfarm jobs in August. True, the unemployment rate fell to 8.1% from July’s 8.3%, But the size of the workforce continued to drop, according to a Labor Department report Friday.

Full story...

Minimum Wage Raise is the Least We Can Do to Civilize America, Mark Weisbrot, Center for Economic and Policy Research

  • Raising the minimum wage doesn’t cut into profits; it also increases demand in the economy by moving income to workers who spend more than those who receive profit.  The Economic Policy Institute estimated that the proposed increase in the minimum wage would actually increase employment.
  • How raising the federal minimum wage would help working families and give the economy a boost

How Bad Things Are, Paul Krugman, Truthdig

  • The following excerpt from Paul Krugman’s book “End This Depression Now!” was published with permission from W.W. Norton & Co.
  • Paul Krugman: Austerity Is So Wrong!
     

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