Jared Bernstein & Ben Spielberg

Jared Bernstein is a senior fellow at the Center on Budget and Policy Priorities (CBPP).

Ben Spielberg is a research associate with the CBPP, where he manages its Full Employment Project.

Recent Articles

Democrats’ ‘Better Deal’ on Trade Is Better Than What We Have Now

But it has a way to go before it truly makes our trade policy fair and open.

(AP Photo/Manuel Balce Ceneta)
(AP Photo/Manuel Balce Ceneta) Senate Minority Leader Chuck Schumer speaks on Capitol Hill on August 2, 2017, to unveil "A Better Deal on Trade and Jobs." Accompanying him are Senators Bob Casey and Debbie Stabenow. I n an effort to “show the country that [they] are the party on the side of working people,” as their Senate leader, Chuck Schumer, put it, the Democrats have unveiled a new agenda, entitled “Better Deal,” which addresses, among other things, one of their political Achilles’ heels: their position on international trade. Their description of the problem with our trade policy gets a lot right. “For too long,” their white paper notes, “corporations have dictated how trade deals and foreign acquisitions are negotiated and the American worker has been left without a seat at the table.” They also correctly note the lack of transparency in past trade-negotiation processes and provide some worthwhile policy recommendations to begin to address these problems. If they’re serious...

Does the Fed Think Black Lives Matter?

Putting the brakes on the economy would disproportionately damage black America.

AP Photo/Ted S. Warren
AP Photo/Ted S. Warren Black Lives Matter protesters march in Seattle. trickle-downers_35.jpg F or many Americans, the country’s 241st birthday last week was an unqualified cause for celebration. For many other Americans, however, this Fourth of July was a reminder that United States policy has yet to live up to the Declaration of Independence’s aspirational language. When the words “life, liberty, and the pursuit of happiness” were written, in fact, many groups of people were excluded—including enslaved black Americans. It required our bloodiest war to banish slavery. And while we elected our first black president in 2008, and while today’s Congress, though still overwhelmingly white, is more diverse than it’s ever been, racism persists in all our institutions. A multitude of structural barriers block pathways to economic opportunity across generations of black families, imperil many black Americans’ physical safety, and diminish investment in black communities and businesses...

Hot Investment Tip: The Health of Poor Children

Support for low- and middle-income families can benefit the broader economy.

AP Photo/Jacqueline Malonson
AP Photo/Jacqueline Malonson Maria Prince feeds her one-year-old daughter Monica, in her home in Crofton, Maryland. Maria and her huband Barry receive Woman, Infants, and Children (WIC) benefits, one of many programs benefiting children currently at risk under the new Republican budget. trickle-downers_35.jpg T hough our economy is doing better than that of most other advanced economies, the United States still has at least three major economic problems. There’s the macro problem of growth—especially productivity growth—that’s slower than we’d like. There’s the micro problem that any growth we have continues to leave too many people behind. And there’s the political problem that the Trump administration and Republican Congress propose to make these other two problems worse. Each of these problems is easy to document. Productivity growth —a key determinant of overall living standards—averaged almost 3 percent annually between 1995 and 2005. Since then, it’s been growing at less than...

Why a $15 Minimum Wage Is Good Economics

Opponents of minimum-wage increases have long focused on the wrong economic questions.

(Photo: AP)
(Photo: Kaitlin McKeown/The Herald-Sun via AP) Brandon Ruffin holds a sign during a Fight for 15 rally in Durham, North Carolina, on November 29, 2016. trickle-downers.jpg I n our last column , we offered two bold policy ideas: Medicare for All and a job guarantee. Now, we’re pleased to see Democrats in the House and the Senate step up with an idea of their own: raising the minimum wage to $15. The Raise the Wage Act of 2017, co-sponsored by Senators Patty Murray and Bernie Sanders and House members Bobby Scott and Keith Ellison, would hike the federal minimum wage to $15 an hour by 2024. It would then index the minimum wage to the median wage (to keep low-wage workers’ pay changing at the same pace as the pay of middle-wage workers) and would gradually phase out the loopholes in federal minimum-wage law that set subminimum wages for tipped workers, teenagers who’ve just started their jobs, and workers with disabilities. The value of the federal minimum wage peaked in 1968, at $9.68...

The Progressive Agenda Now: Jobs and Medicare for All

Playing defense is necessary, but Democrats need some compelling ideas on offense as well.

(Photo: Sipa USA via AP)
(Photo: Sipa USA via AP) Hundreds of members of National Nurses United and "Medicare for All" supporters rally in New York City on January 15, 2017. T he coming years will require progressives to play extremely tough defense if we hope to preserve gains we’ve made. That means highlighting the disconnect between the promises that Donald Trump and Republican lawmakers have made and their actual proposals, and hammering home who their plans are designed to help: people who are already very wealthy. It also means mobilizing in our communities to exert pressure on politicians, as progressives did with considerable success during the recent health-care debate. But it’s obvious that defense isn’t enough. To win over and mobilize the public, social justice advocates must articulate what we’re for, not just what we’re against. The American people deserve better than what’s currently on offer from team Trump, but for many, the status quo also falls short. If progressives are to fulfill one of...