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I-Squared Equals I'm Screwed

This January, Sens. Orrin Hatch (R-Utah) and Amy Klobuchar (D-Minn.) introduced the Immigration Innovation Act, known as "I-Squared." It will triple the number of foreign temporary workers from about 800,000 to more than 2.3 million. This will distort the labor market for jobs in science, technology, engineering and math (STEM), which has only 4 million workers all told. I-Squared will seriously depress the domestic STEM labor market.

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Economy Adds 236,000 Jobs but Recovery Is Still too Slow

Economy Adds 236,000 Jobs but Recovery Is Still too Slow

The nation’s economy added 236,000 new jobs in February and the jobless rate was 7.7% from January's 7.9%, according to figures released this morning by the U.S. Bureau of Labor Statistics (BLS). The 236,000 jobs created reflect 35 straight months of positive job growth. But the number of long-term unemployed (those who are jobless for 27 weeks or more) was unchanged at 4.8 million. These people account for 40.2% of the unemployed.

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Krugman Says Increased Spending, Not Austerity, Key to Creating Jobs

Richard Trumka and Paul Krugman

Before a packed crowd at AFL-CIO headquarters in Washington, D.C., Nobel-Prize winning economist Paul Krugman said the way to ease the economic crisis in the United States is to create more jobs through increased public investment, raising wages and restoring workers’ ability to bargain collectively. Austerity policies are the last thing we should be doing. The event was part of AFL-CIO's Book Club series. Krugman discussed major themes in his book End This Depression Now!, which was just released in paperback.

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5 Reasons Why the U.S. Needs a Financial Transactions Tax

Photo from the Think Progress Blog.

A duo of Democratic lawmakers have spent the years since the financial crisis calling for a financial transactions tax, a small fee on individual trades that would slow down markets and make them safer for investors and the country as a whole. Sen. Tom Harkin (Iowa) and Rep. Peter DeFazio (Ore.) introduced legislation that would institute the financial transactions tax again this year, after 11 European countries announced they would adopt such a tax.

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Good Trade Policy: Three 'Thought Experiments'

The United States and 10 other countries are negotiating our next big trade agreement, called Trans-Pacific Partnership, or TPP. It's time to re-examine what works and what doesn't work.

Imagine a thought experiment, where we put environmentalists in each country in charge of negotiating the next trade agreement. Preposterous! I know. Stick with me. This is a thought experiment.

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L.A. Bus Buy Creates New U.S. Jobs...Let's Make Sure Other Cities Follow Suit

New Flyer Industries photo

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).

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How Do We Control Rising Health Care Costs? It's Medicare, Stupid

Photo courtesy of the National Committee to Preserve Social Security and Medicare: www.ncpssm.org

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

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