Daily Clips: April 21st, 2016

Nick Hanauer and Robert Reich pen an op-ed on overtime: Our supreme troublemaker took to the New York Times to illustrate the secret reason folks in the middle class cannot get ahead. The answer? The evaporation of overtime pay in our economy.

Half a century ago, overtime pay was the norm, with more than 60 percent of salaried employees qualifying. These are largely the sorts of office- and service-sector workers who never enjoyed the protection of union membership. But over the last 40 years the threshold has been allowed to steadily erode, so that only about 8 percent qualify today. If you feel as if you’re working longer hours for less money than your parents did, it’s probably because you are.

That’s incredible. And it underlines why we live in an economy where wages remain stubbornly stagnant for the middle class.

Could Elizabeth Warren be Hillary’s VP pick? “Privately, Warren appears to covet the job.” Really? I’m not sure if there’s any truth to that or if it’s just the media trying to make a story. They go on:

She’s picked her spots, carefully choosing which issues she weighs in on. But she’s signaled recently that she would embrace with gusto the attack dog role typically played by a VP candidate. Earlier this week, she ripped into Ted Cruz for saying that seeking the presidency requires significant sacrifice. She spent another recent day going after Donald Trump.

Warren would be a fabulous VP pick for Hillary. Not only would it excite the base, it would also signify to Bernie supporters that she will not leave them behind.

 Jobs are scarce for PhD’s: 

Without serious changes in higher education, such as higher pay for adjunct professors or decreasing the time spent in graduate school, chances are thousands of new Ph.D.s in their early 30s will be struggling this fall.

Nick Cassella

Comments are closed.