Friday, May 19, 2017

Friday Evening Links

Assorted content to end your week.

- Maureen Conway and Mark Popovich argue that something has gone severely wrong if (as seems to be the case) Wall Street is treating higher wages as bad news:
In 2017, America has a jobs problem: It’s not that we don’t have enough jobs, but that we don’t have enough good jobs. We all lose when pay raises for workers – despite rising productivity and quality service – are unreasoningly restrained.

Corporate leaders say things like, “Our people are our most important asset.” The problem is that too few act like they believe it. And too many face Wall Street brickbats when they do. It’s time to turn down the distraction and up the voices for reasonable investment and due consideration to our workforce. If finance and investing take the right aim, the switch will be made to more good companies and good jobs.
- Meanwhile, David Dayen makes the case for a public job guarantee, while pointing out how the Center for American Progress' proposal on the issue falls somewhat short of the mark.

- Corey Mintz points out the problems with the Ontario Libs' workplace review in assuming that existing laws are actually being enforced. And Gary Marr reports on a new TD Bank study showing how widespread income volatility contributes to precarious lives for Canadian families.

- David MacDonald asks who stands to benefit from the Libs' infrastructure bank plan, and concludes that the only real gains will go to investors taking far larger returns than would exist if governments merely borrowed infrastructure money directly. And Shawna Curtis points out the problem with necessities like housing being treated solely as profit centres rather than social goods.

- Finally, Marc-Andre Gagnon discusses why universal programs which include benefits for the better-off ultimately lead to greater equality than means-tested systems. And Harold Meyerson highlights how income inequality correlates to disparate life expectancies.

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