Daily Kos: Economics Daily Digest: Economic Nostalgia

By Rachel Goldfarb, originally posted on Next New Deal

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George Packer's U.S.A. (TAP)

In his review of The Unwinding, Roosevelt Institute Senior Fellow Mark Schmitt examines how the novel can help us understand the effects of the financial crisis. Nostalgia for better economic times rules the day, and the book struggles to look forward.

Fairness Doctrine (Democracy)

Timothy Noah thinks that we can't tie economics to morality in all cases, but when we do, we need to admit that moral policies won?t be fair for everyone. Part of our societal bargain must be that if you're doing well, you pay more to help those who aren't.

Revenue Blues: The Case for Higher Taxes (Dissent)

In four charts, Colin Gordon explains why we can and should increase taxes on the wealthiest Americans and on corporate income in order to sustain the society we want to see and reduce poverty.

Pushed Off The Job While Pregnant (NPR)

Jennifer Ludden reports for All Things Considered on the discrimination that routinely happens against low-wage pregnant workers, despite the fact that it is illegal. Could there be a worse time to lose a job than during a pregnancy?

Betting Against the Future: How Industry Loses When Interns Go Unpaid (ProPublica)

Intern Hanna Trudo writes on the intern economy, specifically how unpaid internships harm the talent pool available in certain fields. Her current role at ProPublica is the first time she's been paid a living wage since graduating in 2011.

Judge Rules That Movie Studio Should Have Been Paying Interns (NYT)

Steven Greenhouse reports that yesterday's ruling stated that the benefits unpaid interns got, "such as r?sum? listings [and] job references," were incidental to the value they gave their employer. The studio disagrees, because paying interns would throw off their multi-million dollar budgets.

Republicans to Wage 30-Year Budget War (NY Mag)

Jonathan Chait is astonished that Senate Republicans are suggesting that we must fight the deficit based on 30-year projections when we can't accurately predict five years out (the 2008 prediction for 2012 showed a surplus).

Source: http://www.dailykos.com/story/2013/06/12/1215622/-Economics-Daily-Digest-Economic-Nostalgia

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