by Gerald Friedman,
Professor of Economics, University of Massachusetts Amherst
The Patient Protection and Affordable Care Act (ACA) was adopted in 2010, but many provisions are only being phased in over several years. Important provisions that have already taken effect include the requirement that family policies allow parents to keep their children enrolled until they are 26. The high unemployment rate for young adults and the lack of health coverage even for many with [...] read more >
The Last Bad Idea: The Patient Protection and Affordable Care Act
by Gerald Friedman,
The news was full of items about wages this past month. First up, let’s talk McDonalds, shall we? They were in the news for a couple of reasons this past month. First, they put out a sample budget that apparently was meant to help someone working for them for minimum wage. It certainly sheds some light on the thought processes at work in the multi-billion-dollar-profit corporation. First and foremost, the budget assumes two jobs, the first one presumably being [...] read more >
Several years ago, Lynn Hatch looked at differences between childcare providers with and without union representation for workers. She found that unionized childcare workers achieved better working conditions and better pay than non-unionized workers, and that the better working conditions for unionized childcare workers led to results that were beneficial to the children in their care, most notably much lower turnover rates. Read the Full Report Here.
A recent NPR story explains how the state of Montana has found itself paying less for state employee’s health care when they pay 100% of the cost of care, eliminating co-payments and deductibles.
by Helen Scharber
In the 1989 movie Field of Dreams, Kevin Costner’s character famously builds a baseball field in Iowa that “reminds us of all that once was good and that could be again.” In another field in Iowa, two decades later, agricultural researchers also found that what once was good—in this case, crop rotation as a natural way to fertilize soil and kill weeds—could be again. And could be really good, in fact. Over [...] read more >
by Gerald Friedman
Economists at the University of Massachusetts and elsewhere have thoroughly discredited research suggesting that cutting government spending will promote economic growth during a time of recession. Even while scholarship has exposed the fallacy of austerity economics and this news has reached wide audiences through Twitter and the Colbert Report, the United States government is embracing austerity’s policy prescriptions. While employment has barely kept up with the growth of the [...] read more >