The approach policymakers should be taking now.
The Roosevelt Rundown features our top stories of the week.
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** The Answer Is Investment
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Today’s consumer price numbers reflect enduring pandemic disruptions and continuing supply shortages.
That’s why we need a balanced approach to inflation ([link removed]) , Roosevelt Chief Economist Joseph Stiglitz argues.
“Yes, the US has slightly higher inflation than Europe; but it also has enjoyed stronger growth. US policies prevented a massive increase in poverty that might have occurred otherwise,” Stiglitz writes. “Recognizing that the cost of doing too little would be huge, US policymakers did the right thing.”
What policymakers should be doing now: “targeted structural and fiscal policies aimed at unblocking supply bottlenecks and helping people confront today's reality.”
“The solution to the inflation we see is targeted, sustained investment,” Roosevelt’s Lauren Melodia tweeted ([link removed]) . “More investments in COVID and public health, renewable energy sources, and child and elder care.”
Read more inflation analysis from Stiglitz. ([link removed])
** A Win for Workers
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“Workers have not had such favorable external conditions for organizing in many decades—economic, political, and cultural support are each at a peak ([link removed]) ,” Roosevelt’s Aaron Sojourner and Emily DiVito write.
This week, the White House outlined steps ([link removed]) to cement those gains in worker power by facilitating union membership and collective bargaining.
“Nearly 75% of workers between the ages of 18-24 say they would join a union if given the chance. Only 8% of those say they know how to form a union,” Labor Secretary Marty Walsh tweeted ([link removed]) .
“Here's what @USDOL is doing to change that.” ([link removed])
** What We’re Reading
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A Vision for Making the US Economy More Equitable [feat. Roosevelt’s Felicia Wong] ([link removed]) - Noema Magazine
The Unequal Toll of COVID-19 on Workers [co-authored by Roosevelt’s Aaron Sojourner] ([link removed]) - Economic Policy Institute
The Jobs Americans Want ([link removed]) - Vox
The Economy Is Good, Actually ([link removed]) - The Atlantic
Stock Trading Ban for Lawmakers Gains Momentum on Capitol Hill ([link removed]) - New York Times
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