The Commonwealth Institute Richmond VA Jared Bernstein Bernsteincbpporg 12315 3 The Problem 4 Sources CBO EPI The Solutions slide 3 Full employment Monetary the Fed Fiscal policy taxestransfersa very cramped debate ID: 461525
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The Reconnection Agenda
The Commonwealth Institute, Richmond, VA
Jared Bernstein
Bernstein@cbpp.org
12/3/15Slide3
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The ProblemSlide4
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Sources: CBO, EPISlide5
The Solutions (slide 3!)
Full employmentMonetary (the Fed!) Fiscal policy: taxes/transfers—a very cramped debate (and their one-two punch)Investment in public goods, both physical and human capitalBetter balanced trade
Labor standardsDirect job creationKill the “shampoo cycle” (financial market oversight)
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Slack, inequality
Source: BLS, CBO, CensusSlide7
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Strategies to Reduce Our Trade DeficitSlide9
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Oversight of Financial MarketsSlide10
Getting away from Dysfunction Junction
DOsMinimum wages ($15? $12?)Subsidized employmentApprenticeships/sectoral trainingIn-state tuition for undoc workers (ahem…)Medicaid expansion (ahem…)Fair-chance hiring, juvenile justice reformsInfrastructureWork sharing
DON’TsRTWKansas three-step (tax cuts, shift to sales tax, cut biz tax base)ACA,
Mcaid
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How to get there?
Dysfunction is a tacticThe cramped tax debate vs. the revenue reality (vs. sequestration)“Secular stagnation” breeds intoleranceFuture orientationElectoral demographics (forcing our issues on the table)Preferences of nonvoters vs. votersJobs of the future, robots??
The fever must break
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Bargaining Power and OpportunitySlide13
Jared Bernstein
bernstein@cbpp.orgjaredbernsteinblog.comSlide14