Media

There is no bigger national challenge right now than putting Americans pack to work, but little agreement on the magic formula that will create the consumer demand needed to jumpstart the economy and spark new hiring. Democrats favor more stimulus, Republicans argue for tax cuts and deregulation.

As I have written on numerous occasions, the evidence is squarely on the Democratic side of the argument. Spending on things like infrastructure, unemployment benefits, and food stamps is a more effective way to create jobs during the current downturn than tax cuts and deregulation.

Sometimes getting it half right means that you got it all wrong. Such is the case with the New York Times' coverage of the Census' Supplemental Poverty Measure (SPM).

Demos just released new comprehensive polling about the opinion of young adults. Politically the most interesting data point that stuck out for me is their finding that an overwhelmingly 68 percent of young people say it is harder for them to make ends meet now than it was four years ago. From the poll results:

Facing diminished job opportunities and heavy student-loan debt, today's 20-somethings may be more downwardly mobile than their parents.

Occupy Wall Street has already accomplished a great deal by shifting public discourse in this country. Instead of focusing on the need for austerity and deficit reduction, attention is rightly being directed at economic disparities and the deep structural problems that the United States faces.

More than a third of young adults have delayed going to college because of difficult economic conditions in the United States, says a report released on Wednesday by the progressive nonprofit organization Demos and the advocacy group Young Invincibles. Exactly half of 18-to-24-year-olds reported less than $5,000 in total debt; 8 percent owed more than $25,000, according to the report, “The State of Young America,” which also collects data on college-completion rates, tuition and student loans, and employment and health insurance.

While the expansion of health insurance to young adults has been one of the consistently positive stories around the ACA, a new report points out the news isn’t all that good. The rate of full-time workers between 18 and 24 years old with employer-sponsored insurance dropped 12.8 percent over the past decade, while dropping 8.5 percent for workers ages 25 to 34.

The report’s first chapter, Jobs and the Economy, explores how long-term trends and the current tumultuous economic environment has taken a toll on young Americans’ employment prospects, paychecks, and ultimately their earnings for years to come. Unemployment and underemployment rates for young Americans remain dangerously high, and almost 60 percent of employed young people say they would like to work more hours. At the same time, there is also a clear wage pay gap, gender pay gap, and education pay gap.