Biden’s top economist explains this moment.
The Roosevelt Rundown features our top stories of the week.
View this in your browser and share with your friends. ([link removed])
[link removed]
** How to Save a Country
------------------------------------------------------------
Fresh off a legislative winning streak—and unprecedented industrial policy advances—the Biden administration is having a moment right now.
Brian Deese, Director of the National Economic Council, had a lot to do with that.
On the first episode of How to Save a Country ([link removed]) , Deese tells hosts Felicia Wong and Michael Tomasky about the uniting principle behind the Bipartisan Infrastructure Bill, the CHIPS and Science Act, and the Inflation Reduction Act: “competent, effective government focused on investing in the United States, building in the United States, building capacity that’s going to connect to people’s lives.”
“[W]e no longer have to talk in the future tense about what America’s industrial strategy should be. It’s here.”
Listen now, and subscribe for new episodes every Thursday. ([link removed])
** Unions Preserve Jobs
------------------------------------------------------------
In 2020, employment plummeted to an extent not seen since the Great Depression.
But for millions of workers, union membership protected them from the mass layoffs of the early pandemic.
“While total employment declined by 15.1 percent for all workers between January and April 2020, those covered by a union contract experienced a decline of only 6.7 percent,” Roosevelt’s Alí Bustamante writes in a new brief ([link removed]) .
And while total employment did not return to pre-pandemic levels for two years, workers in unions were able to recover pandemic-related employment losses in just four months.
Read more in “A New Era for Worker Power: Labor Wins during the Pandemic, and the Policies We Need to Sustain the Momentum.” ([link removed])
** Why Market Power Matters for Inflation
------------------------------------------------------------
“[M]arkups from before the pandemic were a strong predictor of the increase in markups during 2021, suggesting that market power had a role in driving inflation,” Roosevelt’s Mike Konczal testified ([link removed]) before the House Committee on Oversight and Reform Subcommittee on Economic and Consumer Policy this week.
Learn more about Konczal and Niko Lusiani’s findings in “Prices, Profits, and Power: An Analysis of 2021 Firm-Level Markups.” ([link removed])
** What We’re Reading and Listening To
------------------------------------------------------------
Joe Biden and the End of Reaganomics with [Roosevelt’s] Felicia Wong ([link removed]) - Why Is This Happening? The Chris Hayes Podcast
A Left Answer to Inflation [feat. Roosevelt’s Todd N. Tucker] ([link removed]) - In These Times
The US’s “Immigration Crisis” Is Admitting Too Few Immigrants, Not Too Many [by Roosevelt senior fellow Deepak Bhargava and fellow Rich Stolz] ([link removed]) - The Guardian
Why Some Blame Record Corporate Profits for High Prices [feat. Roosevelt fellow Lindsay Owens] ([link removed]) - NPR All Things Considered
Biden Has Helped the Quiet Revolution of Giving People Money ([link removed]) - New York Times
============================================================
** Twitter ([link removed])
** Facebook ([link removed])
** Vimeo ([link removed])
** Website ([link removed])
If you are interested in supporting the Roosevelt Institute, ** click here ([link removed])
.
Copyright © 2022 Roosevelt Institute, All rights reserved.
** RooseveltInstitute.org ([link removed])
570 Lexington Ave, 5th Floor
New York, NY 10022
Want to change how you receive these emails?
You can ** update your preferences ([link removed])
or ** unsubscribe from this list ([link removed])
.
