Jobs Crisis

What is the real economic crisis facing the American people? 

Mass unemployment and growing impoverishment are a national emergency.

What are some of the indicators of growing unemployment and poverty?

The unemployment rate has been over 9% since spring 2009. Underemployment – people working part time who want full time jobs – has remained over 5%, while discouraged workers who want work but have given up looking are another 3-4% of the labor force  More than 40% of all American families have been directly affected by unemployment in the last 12 months. At least 15 million children now live in poverty. Real family median income was $5000 less in 2009 than in 2000.

 

Are some groups especially hurt by mass unemployment and impoverishment?

The worst hit are African-Americans, whose unemployment rate has been over 14% since spring of 2009, Hispanics at over 11%, youth, and blue collar workers. Construction workers accounted for one-quarter of job losses during the initial economic collapse. Now extended joblessness hits all education levels. When the housing and financial bubbles collapsed, the worst consequences fell on African-Americans and Hispanic families, whose net worth declined by more than 50% between 2005 – 2009.

 

Why is this happening?

The income share of the top 1% of households has tripled since 1975. With the massive tax cuts of the Bush era, these dramatically richer super-wealthy have engaged in lavish consumption and financial speculation but failed to create jobs in the USA.  Corporations used their higher profits to move jobs to lower-wage countries and pay bonuses to executives, while cutting payrolls. The bank bailout went to executive bonuses, not to ordinary salaries.

 

The power of private-sector labor unions has declined, while new attacks on public employee unions threaten to eliminate their bargaining power as well. No one is left to stand up for working people.

 

What are the effects on the general economy?

Corporations do not reinvest their high profits in productive enterprise, since people cannot buy their products. The windfall income and wealth gains for the top 1% do not compensate for the loss of purchasing power for the bottom 80% of society.   In this sense the successful class warfare of the upper class against the working and middle classes is leading to a paradoxical result – a continuing recession and the threat of a deeper depression that could “sink all boats,” including the yachts of the capitalist class.

 

Who supports serious job creation programs in Congress?

The Congressional Progressive Caucus, with the support of nearly half of the House Democrats, as well as a few Senators, has prioritized a “big, bold jobs plan”.  The initiatives focus on rebuilding the economy with emergency jobs legislation while beginning to implement longer-term job creation strategies.

 

What legislation is being proposed?

The Humphrey-Hawkins 21st Century Full Employment and Training Act, introduced by Rep. Conyers, would create a national Full Employment Trust Fund to put the long-term unemployed and Americans living in our hardest-hit communities to work rebuilding our infrastructure, weatherizing homes, fixing our schools, tutoring our children, and expanding high speed broadband access in urban and rural communities.

Rep. Schakowsky’s Emergency Jobs to Restore the American Dream Act would provide $227 billion over two years to directly increase employment by 2.2 million jobs for teachers, police and firefighters, child care workers, and youth in community service programs.

 

Rep. Barbara Lee’s Emergency Unemployment Compensation Expansion Act would extend unemployment compensation for an additional 14 weeks.

 

Isn't this what President Obama is suggesting?

Obama has proposed creating jobs, but it’s not enough. Much of his bill goes to business incentives rather than straight to job creation. And much of it just replaces expiring parts of the stimulus, keeping existing jobs in place but not adding new ones.

 

How Can We Pay for Creating Jobs?

Today the federal government can borrow at extremely low interest rates.  A small tax on the trading of financial assets by banks, hedge funds, and other financial institutions could raise several hundred billion dollars over the next decade. Directly employing millions in jobs needed to provide adequate educational and health services, while promoting manufacturing for mass transit and green technologies in the USA eases unemployment, creating greater consumer demand that would encourage the private sector to hire and restart economic growth. We need to restore progressive taxation on wealthy individuals and corporations and end military waste.

 

What is to be done?

All of these constructive proposals will encounter the obstacles posed by the Budget Control Act and the so-called Super-Committee.  Congress can get past these excuses for inaction either by expanding the mandate of the Super-Committee to prioritize job creation or by exempting job creation measures from the limits of the Budget Control Act. It will require demonstrations, organizing of the unemployed, and intensive political agitation to compel more than token measures and to make real the goal of decent jobs for all.

What Is DSA? Training Call

March 03, 2017
· 45 rsvps

If you're a new DSAer, have been on a new member call, but still have questions about DSA's core values/strategy/core work and how to express these ideas in an accessible way to the media, as well as to friends, family and others who might be interested in joining DSA, this call is for you. 

We will talk through the basics of DSA's political orientation and strategy for moving toward democratic socialism, and also have call participants practice discussing these issues with each other. By the end of the call you should feel much more comfortable thinking about and expressing what DSA does and what makes our organization/strategy unique. 8 pm ET; 7 pm CT; 6 pm MT; 5 pm PT. 70 minutes.

Feminist Working Group

March 07, 2017
· 24 rsvps

People of all genders are welcome to join this call to discuss DSA's work on women's and LGBTQ issues, especially in light of the new political reality that we face after the elections.  9 pm ET; 8 pm CT; 7 pm MT; 6 pm PT.

LGBT Activism: A Brief History with Thoughts about the Future

April 01, 2017
· 11 rsvps

Historian John D'Emilio's presentation will do 3 things: Provide a brief explanation of how sexual and gender identities have emerged; provide an overview of the progression of LGBT activism since its origins in the 1950s, highlighting key moments of change; and, finally, suggest what issues, from a democratic socialist perspective, deserve prioritizing now. 1 pm ET; 12 pm CT; 11 am MT; 10 am PT.

  1. This webinar is free for any DSA member in good standing.
  2. You need a computer with good internet access.
  3. Your computer must have headphones (preferred) or speakers; you can speak thru a mic or use chat to "speak".
  4. If you have questions, contact Peg Strobel, peg.strobel@sbcglobal.net.
  5. If you have technical questions, contact Tony Schmitt, schmittaj@gmail.com, 608-355-6568.

Film Discussion: Documentaries of People's History in Texas

April 02, 2017
· 21 rsvps

Join DSA members Glenn Scott and Richard Croxdale to discuss videos produced by People’s History in Texas (PHIT), a project that brings to life the stories of ordinary people in significant socio-political movements in Texas. They will discuss The Rag, their newest documentary, which tells the story of an influential underground paper based in Austin, Texas, from 1966-77. Click here to view Part I (the early years as an all-volunteer paper covering the student, anti-Vietnam and Civil Rights movements), Part II (the impact of Women’s Liberation on the paper) and Part III (building community: covering local politics, nukes, co-ops, feminist institutions). But also check out the video on the Stand-Ins about a group of university students who led a movement to desegregate Austin’s movie theaters in 1961. 8 ET/7 CT/6 MT/5 PT.

Film Discussion: Rosa [Luxemburg]

May 31, 2017
· 35 rsvps

Join DSA member Jason Schulman to discuss the film Rosa, directed by feminist filmmaker Margarethe von Trotta. View it here at no cost before the discussion. Marxist theorist and economist Rosa Luxemburg (1871-1919) played a key role in German socialist politics. Jason edited Rosa Luxemburg: Her Life and Legacy and has a chapter in Rosa Remix. 9 ET/8 CT/7 MT/6 PT.