Economics

/Economics

When Professionals Rise Up, More Than Money Is at Stake

When 20,000 West Virginia teachers staged a rare statewide walkout, questions of pay and benefits dominated the headlines. But those concerns could not fully account for the teachers’ ferocious resolve. After all, stagnant wages and receding benefits have been an issue for workers for decades. The missing variable appears to have been anxiety about their [...]

When Professionals Rise Up, More Than Money Is at Stake2018-04-05T21:19:45+00:00

Teacher pensions—the most important tool for keeping and retaining good teachers

Chad Aldeman at Bellwether Education Partners tweeted that my recent report on teacher pensions was “frighteningly bad.” Here’s what’s really frightening: a zombie lie about teacher pensions that won’t die. Attacks on teacher pensions may not rank with global warming or mass shootings on the list of things keeping us awake at night, but they deserve way [...]

Teacher pensions—the most important tool for keeping and retaining good teachers2018-02-05T05:48:19+00:00

Teachers and schools are well served by teacher pensions

In recent years, several studies have argued that teacher pensions are a raw deal for most teachers and should be replaced with account-style plans. In reality, however, most teachers working today are building a secure retirement: Claims that most teachers do not benefit from pensions are based on studies that give equal weight to career [...]

Teachers and schools are well served by teacher pensions2018-02-04T21:27:58+00:00

6 ways Medicaid cuts under GOP health care overhaul could impact schools | PBS NewsHour

For school districts still getting their financial footing after the Great Recession, the Medicaid changes being advanced as part of the health care overhaul are sounding familiar alarms. Administrators say programming and services even beyond those that receive funding from the state-federal health care program could be at risk should Congress follow through with plans [...]

6 ways Medicaid cuts under GOP health care overhaul could impact schools | PBS NewsHour2017-10-15T11:00:16+00:00

AFT’s Weingarten on Betsy DeVos’ Scrapping of Student Loan Borrower Protections | American Federation of Teachers

“Secretary DeVos—with the stroke of a pen—has reinstated the Wild West of student loans where servicers get to play by their own rules, and borrowers get fleeced. Her decision rescinds the most basic protections student debtors have when dealing with servicers, like expecting their bills to be accurate and their payments to be processed on [...]

AFT’s Weingarten on Betsy DeVos’ Scrapping of Student Loan Borrower Protections | American Federation of Teachers2017-10-15T07:40:37+00:00

Reining in Wall Street to Benefit All Americans

There has been considerable interest in financial transactions taxes (FTTs) in the United States and other wealthy countries in the years since the financial crisis. An FTT can be a way to both raise a large amount of revenue and also rein in the financial sector. This report examines the evidence on the potential for [...]

Reining in Wall Street to Benefit All Americans2017-10-15T07:41:06+00:00

Protecting Workers in a Patchwork Economy

Work, once a matter of years of commitment to a single trade, career track, or even one employer, has in recent years undergone a radical transformation. From measuring work in units of decades, all pointed toward an engraved watch at retirement, we have swung far in the other direction, toward a world in which work [...]

Protecting Workers in a Patchwork Economy2017-10-15T07:41:21+00:00

How we tackle retirement insecurity — Medium

Retirement insecurity is the new normal in America. And it’s a direct result of the shameful economic imbalance in the United States that is manifest in inadequate, stagnant wages and dwindling assets for the many, and skyrocketing assets for the elite few. When our economy crashed and Americans lost their jobs, their homes and their [...]

How we tackle retirement insecurity — Medium2017-10-15T07:41:32+00:00

Let’s Raise The Wage Already : U.S. Department of Labor Blog

It’s been almost 8 years since Congress last raised the national minimum wage. This step is overdue. We’ve waited long enough. In nearly two years as Labor Secretary, I’ve sat down with so many low-wage workers for whom every day involves struggle and sacrifice. For them, just a few more dollars an hour would mean [...]

Let’s Raise The Wage Already : U.S. Department of Labor Blog2017-10-15T07:41:45+00:00

Teacher Pay Starts Low, Grows Slowly, Is Generally Awful, Report Says – Teaching Now – Education Week Teacher

Which states pay their experienced teachers the worst? A new report by the Center for American Progress argues that teachers not only have bad starting pay in many states, but also that teachers are unlikely to see major salary gains even after several years of teaching. The study by the Washington-based liberal think tank collected [...]

Teacher Pay Starts Low, Grows Slowly, Is Generally Awful, Report Says – Teaching Now – Education Week Teacher2017-10-15T07:41:55+00:00