Linda Nguyen-Perez, a research/policy analyst at the Los Angeles Alliance for a New Economy (LAANE), works to promote America's manufacturing jobs and create career pathways for historically disadvantaged women and men, and Michelle Knapik is the director of the Surdna Foundation ’s Sustainable Environments Program . This is a cross-post from The Huffington Post .

The Los Angeles County Metropolitan Transportation Authority (aka L.A. Metro) needed new, clean buses . If L.A. Metro had simply followed current buying protocol, its single focus would have been on finding a company to deliver the lowest-cost buses. In all likelihood, this would have resulted in jobs going overseas (but for some final assembly jobs on U.S. soil).

Americans overspend $750 billion in health care each year. One-fifth of our economy enriches very few at the expense of everyone else. Labs, drug companies, medical device makers, hospital administrators and purveyors of CT scans, MRIs, canes and wheelchairs are some of the entities and people reaping the financial rewards by gaming the health care system, writes Time magazine's Steven Brill in a fascinating, in-depth look at why health care prices are just " too damn high " in  Bitter Pill: Why Medical Bills Are Killing Us . 

At one time it was an economic tenet for America's worker: Work smarter, better, faster and harder and you’ll reap the rewards. That’s exactly what America's workers have done for the past four decades plus. But while worker productivity has soared, workers’ wages have been tightly tethered to the ground. So much that economist Dean Baker writes:

If the minimum wage had risen in step with productivity growth [since 1968], it would be over $16.50 an hour today. That is higher than the hourly wages earned by 40 percent of men and half of women. 

Signing more trade deals (also known as FTAs) as a way to create jobs? Meh. Seems unlikely, unless there is a radical change to the current trade model. The current model does much more than reduce tariffs (tariffs are taxes on imports). It also puts in place a bunch of rules that have made it advantageous for employers to move jobs offshore—resulting in unemployment, wage suppression and reduced union bargaining power. 

The announcement of the proposed merger between American Airlines—now in bankruptcy proceedings—and US Airways has drawn mixed reactions from the AFL-CIO unions, which represent workers at both airlines.

Last Monday, Federal Reserve Vice Chair Janet Yellen gave the keynote speech at an AFL-CIO economic policy conference on restoring shared prosperity. 

Yellen began by noting that the Federal Reserve “is the only agency assigned the job of pursuing maximum employment.” 

While media pundits raise faux concern every time the Social Security trustees release their annual report, falsely declaring the program is in dire trouble—even though the future modest funding shortfall can easily be fixed by scrapping the cap —it's important we take a look at a major factor in Social Security's finances: rich people. 

Today at the Trans-Atlantic Agenda for Shared Prosperity conference held at the AFL-CIO, Janet Yellen, vice chair of the Board of Governors of the Federal Reserve, talked about the reasons why the recent economic downturn has been painful particularly for America's workers and what the Federal Reserve's role is in reaching maximum employment.The problem with the economy is the lack of demand and current fiscal policy is not helping. Yellen said the Federal Reserve is committed to action that will create jobs and produce economic growth. 

In 2008, with the global financial crisis at its peak and the world teetering on the brink of a second Great Depression, world leaders and policymakers took decisive fiscal and monetary policy actions that bolstered our economies and stopped our financial system from spiraling into chaos and dragging our economies into depression.

But today, AFL-CIO President Richard Trumka told the “Trans-Atlantic Agenda for Shared Prosperity” economic summit: 

Our work is far from done, and no progress has been easy. We have had to battle those who wanted to block the fiscal stimulus, which was so critical for halting our economic slide. And we are still battling those same opponents who now want to impose strict fiscal austerity that threatens to sabotage our economy and trigger a new recession, as those same policies have in Europe.

If the United States implemented trade policies to end currency manipulation—especially by China—not only would that reduce the U.S. trade deficit by $190 billion to $400 billion over three years, it would be a major first step in reviving the nation’s manufacturing sector and creating up to 4.7 million jobs, according to a new report from the Economic Policy Institute (EPI).