America just got its first glimpse at Hillarynomics — here's what it looks like

[applegrove]

America just got its first glimpse at Hillarynomics — here's what it looks like

by Matthew Yglesias at Vox

http://www.vox.com/2015/1/16/7557803/inclusive-prosperity-hillarynomics

"SNIP....................



The chart above exemplifies the report's framing of the central economic challenge of the era. Across a variety of wealthy countries, incomes for the bottom 90 percent of the population have not kept up with productivity or per capita GDP growth. But there is also considerable variation. The experiences of Canada, Australia, and Sweden show that there is nothing inevitable about income stagnation.

The list of proposed solutions for the US is long, ranging from more infrastructure spending (with new measures to improve project management on federal infrastructure deals), more preschool, closing corporate tax and inheritance tax loopholes, curbing the deductibility of executive pay, a tax cut for middle class workers, more FHA subsidies for riskier loans, and a reiteration of the merits of comprehensive immigration reform.

But the report is especially striking for its endorsement of labor market regulations not normally associated with the Summers wing of Democratic thinking. As David Leonhardt put it, "one theme is that the countries where the middle class has fared better are countries where workers have more power." The document endorses a variety of regulatory changes that would make union organizing easier, and calls for the creation of German-style works councils outside the context of traditional union organizing. It also endorses more favorable tax treatment for worker-owned firms, and proposing "estate tax relief" for corporate founders who convert their companies to worker-owned enterprises when they retire or die.

On the non-wage front, inclusive growth calls for paid (gender-neutral) parental leave, expanded Family and Medical Leave Act eligibility, and universal paid sick days and paid vacation days — all loosely under the banner of increasing women's labor force participation. Clinton has, in the past, field-tested feminist frames as a means of selling big government.



....................SNIP"

[First Speaker]

1. Good--I'm (relatively) heartened by this...

...and compared to anything the GOP would do, it's night and day...

[Recursion]

2. The German management structure is a GREAT idea

And if we adopted that, a lot of other problems would go away