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Until left Democrats are willing and able to support meaningful job guarantees, they have little chance of reaching the working people they have lost over the past 40 years of wholesale job destruction.
Centrist Democrats argue that the party should not “go so far left in a primary that they can’t win against MAGA in the general.” As the Center for Working Class Politics observes, these “Third Way” Democrats stress “affordability” and “abundance” without taking on the billionaire class. Progressive Democrats, including groups like the Democratic Socialists of America and Working Families Party, are seen as just too radical to attract working-class voters.
I disagree. I think the problem is that Democrats, even progressive Democrats, are not radical enough.
We have only to look at former President Franklin D.. Roosevelt’s 1941 “Four Freedoms” State of the Union address to be reminded of what our politics could be and should be. The “Four Freedoms” (of speech and religion, from want and fear) are properly the best remembered parts of the address. But just before these “four essential human freedoms,” Roosevelt listed “the simple, basic things that must never be lost sight of in the turmoil and complexity of our modern world.” They are:
What did he want? He thought we “should bring more citizens under the coverage of old-age pensions and unemployment insurance,” which (thankfully!) has been done, although the support should be increased.
He believed we should “widen the opportunities for adequate medical care,” which has been done in part, with much more to do.
And he called for the nation to “plan a better system by which persons deserving or needing gainful employment may obtain it,” which we have pretty much stopped talking about altogether, except to mouth empty phrases about economic growth and job creation.
And this is where, in particular, progressive Democrats are not radical enough, at least not for the thousands of workers I have talked to, worked with, and taught. The economic plans offered by the Democratic Party, even those from left Democrats, fail to offer “a better system by which persons deserving or needing gainful employment may obtain it.” And until they do, Democrats will continue to lose traction with working people, who live with job fear each and every day.
The government guarantees everyone with money to spare a safe place to put it to earn a fair market rate of return. It is called a US Treasury bond. Why doesn’t the government also guarantee everyone with labor to spare—everyone who wants to work but can’t find a job—with a place to work at a fair market rate?
There are no voices, except for Sen. Bernie Sanders (I-Vt.), who proclaim loudly and clearly that all working people should be guaranteed a job at a living wage. Why not? Members of the moneyed class are able to protect themselves from financial risk by easily diversifying their investments. But the working class’ most critical investment—their job—is always at risk.
The jobs of working people are increasingly precarious as corporations lay off workers whenever they please, whether for good reasons, bad reasons, or no reasons at all. Today we see millions of layoffs taking place to finance mergers (watch out Hollywood!), leveraged buyouts, and stock buybacks to enrich the richest of the rich. And who knows what AI holds in store?
The millions of workers in rural America who have suffered one mass layoff after another need the power that comes from employment security—jobs that don’t just depend on the profit-maximization strategies of corporate America.
A government-backed guarantee of a job at a living wage would end the wholesale immiseration of families and communities hit by mass layoffs. It would end the kind of job blackmail that makes it difficult for workers to form unions to seek higher wages and better working conditions. This is what counterbalancing corporate power really looks like!
How would it work? Corporations would remain free to reduce their workforces. But every laid-off worker who wants to keep working would be able immediately to find equally remunerative work nearby in the public sector if private sector jobs are not available.
Also, just as employers are able to lay off anyone for business reasons, workers would be free to quit any job they no longer want and easily find another. This kind of “employment assurance” is the worker equivalent of the portfolio diversification and hedging that the wealthy use to protect and enhance their wealth. (And as we all know, when this financial system crashes, the federal government always protects the assets of the wealthy, but not the jobs of working people.)
Is there sufficient public sector work to support such a program? Of course there is, especially if the country commits to rebuilding its physical and human infrastructure. Surely every municipality and state agency needs more workers right now to meet their current goals, let alone new ones to enhance the public’s interests. There’s no shortage of public goods that need to be produced.
Could we afford it? Yes, it would be costly. But the money would be well spent to build better communities. Just ask any group of workers what their communities need, and they will quickly rattle off how to improve them.
And if we all share the costs in proportion to our wealth, we can certainly afford it. Warren Buffett’s tax rate should not be lower than his secretary’s! A small tax on the trade of stocks, bonds, and derivatives might even cover it.
Funding and practicality are not the only things holding progressive Democrats back. I worry that power of capital has, if just unconsciously, narrowed their vision. Too many Democrats of all stripes seem to believe that corporate control over employment is an unalterable fact of economic life. Therefore, they don’t go for the jugular—employment guarantees.
The millions of workers in rural America who have suffered one mass layoff after another need the power that comes from employment security—jobs that don’t just depend on the profit-maximization strategies of corporate America.
Until left Democrats are willing and able to support meaningful job guarantees, they have little chance of reaching the working people they have lost over the past 40 years of wholesale job destruction. Massaging the messages is no match for saying loudly and clearly that if you want to work, there is an acceptable job waiting for you.
Many left Democrats believe that we need to shift from a profit-first to a people-first economy. All to the good. But that has little meaning unless working people are assured of a decent paying job if they are looking for work. And also, able to leave a bad job without suffering economic annihilation!
It’s time for the left to become economic radicals again!
(Many thanks to labor historian Mike Merrill for his assistance on this piece.)
Congress can’t allow the White House to eliminate an agency that’s helped millions of Americans, with billions of dollars returned to them by scams, fraudsters, and megabanks that prey on low-income citizens.
Over the past year, the Trump administration has sought to gut the Consumer Financial Protection Bureau through cuts and layoffs, and by hamstringing its enforcement powers, claiming the agency is hurting large banks through overregulation. Acting CFPB Director Russ Vought has sought to reduce the agency's staff by 90% and to freeze spending since February.
A group of 21 states, plus the District of Columbia, sued the Trump administration in December to stop it from defunding the CFPB. The administration responded by telling the court that the government is legally barred from seeking new funding from the Federal Reserve, the bureau’s primary source of money, alluding to the fact that the agency will eventually go broke later this year. The next step in the case will be the DC Court of Appeals to hear arguments in late February.
The CFPB's enforcement actions, like the 22 pending cases against banks, highlight its vital role in safeguarding consumers from unfair practices, which the current threats jeopardize.
So, what does this mean for the country? The CFPB's weakening could leave consumers vulnerable to predatory practices, unfair fees, and fraud, risking their financial stability.
The Biden administration's pressure on banks and financial institutions on the issue led them to agree to refund more than $240 million to customers, a win secured by actual, formal regulation. Trump and Vought have rolled that back, too.
The CFPB’s Small Dollar Rule was created to curb abusive payday lending practices, especially repeated debit attempts that drain bank accounts and trigger cascading overdraft and Non-Sufficient Funds (NSF) fees. That goal is sound and worthy. The problem is not the rule’s intent, but how it operates alongside bank fee structures and in a financial marketplace devoid of smart, progressive-minded credit options.
The small dollar rule makes automatic repayments—which help keep the cost of borrowing to the bare minimum—incredibly tricky to execute. After two consecutive failed payment attempts, covered lenders generally cannot try again unless the borrower specifically authorizes another attempt, which can leave payments stalled when ordinary life disruptions intervene. Regulators have warned that charging multiple NSF fees tied to re-presented transactions can harm consumers. This is true not just because a single missed payment can still trigger NSF fee collection and financial harm, undermining a rule meant to protect borrowers acting in good faith. It’s also because lenders are now further limiting credit to the most high-risk borrowers, including gig economy workers, who are also those most in need of emergency credit, forcing them to borrow via ultra-expensive bank and credit union overdrafts and NSFs. And when payments are not made, inevitably, borrowers’ personal credit ratings take a hit. Of course, this affects poor people and those with bad credit harder than anyone else.
Trump and Vought's shuttering of the CFPB without fixing this situation, including by pushing banks hard to provide credit to consumers at lower cost and even by standing up a viable alternative to current credit options through something like Postal Banking, would make the problem of high-interest debt worse for Americans. Moreover, because Trump and Vought refuse to act against extortionate overdraft and NSF fees, as the Biden administration did, they’re exposing consumers to high-cost debt, where they effectively borrow from the bank, too. The Biden administration's pressure on banks and financial institutions on the issue led them to agree to refund more than $240 million to customers, a win secured by actual, formal regulation. Trump and Vought have rolled that back, too.
The CFPB has largely helped people when they have problems with a financial institution, product, or transaction by allowing customers to submit complaints, which the agency then works on their behalf. Since its inception, 98% of the 9 million total complaints have received “timely responses” from the institutions or companies to which customers reported them to the CFPB. Of all the complaints, almost 400,000 were submitted by US military members, and nearly 200,000 were submitted by seniors.
The results have been staggering. CFPB data as of December, 2024 shows a whopping $21 billion has been returned to more than 205 million Americans who were financially harmed by institutions. In addition, over $5 billion in civil penalties have been imposed on guilty banks and individuals.
Congress can’t allow the White House to eliminate an agency that’s helped millions of Americans, with billions of dollars returned to them by scams, fraudsters, and megabanks that prey on low-income citizens. And if the Trump administration is determined to do so, it’s time for congressional Democrats to focus on developing credit alternatives that can allow consumers to escape some of the financial madness.
“Amazon has an extraordinary opportunity and an obligation to act more swiftly on climate change,” one member of Prime Members for a Cleaner Amazon said.
Friday, the day after Amazon revealed record 2025 profits, 10 members of Prime Members for a Cleaner Amazon staged a pedicab protest in front of its Seattle headquarters, calling on the company to raise its climate ambition to the level of its earnings.
In its fourth quarter report, released Thursday, the tech giant announced that its 2025 income had soared to $77.7 billion, up from $59.2 billion in 2024.
“Amazon has an extraordinary opportunity and an obligation to act more swiftly on climate change,” participant Michael Lazarus told Common Dreams. “It’s a leading provider of consumer goods to consumers who want climate action. It has made broad pledges to take action on climate change, it has made some small steps, but it needs to deliver on immediate action.”
Concerned customers are demanding the company put some of those profits toward speeding up the electrification of its delivery fleet, powering its data centers with renewable energy, and improving working conditions for its employees while respecting their collective bargaining rights. A Morning Consult poll found that 80% of Prime members surveyed wanted the company to reduce its transport and delivery emissions, and 75% would accept slower delivery times in exchange for less climate pollution.
“Profits are up. So is pollution. Prime members say: Deliver more climate action.”
“Amazon’s success is built on us, its customers. Now, we’re asking the company to stop celebrating profits and start delivering climate action,” said Dr. Chris Covert-Bowlds, a Seattle-based member of Prime Members for a Cleaner Amazon and Washington Physicians for Social Responsibility.
The protest took place outside Amazon’s Day 1 building, where CEO Andy Jassy has his office, from around 8:00 am to 10:30 am Pacific time. Participants rode four pedicabs as a subtle suggestion to the company of how to move goods without fossil fuels. The cabs were decorated with billboards with messages such as, “Deliver packages. Not pollution,” and “Profits are up. So is pollution. Prime members say: Deliver more climate action.”
Participants also handed out hundreds of stickers and flyers to Seattle residents and Amazon employees.
Amazon has a history of making sustainability promises it does not keep and retaliating against employees who call it to account. While it has pledged to reach carbon neutrality across its operations by 2040, it is increasingly unclear how it will achieve this given its buildout of energy-intensive data centers and artificial intelligence.
“We’ve been calling attention to Amazon’s failure to align its emissions reductions with the latest climate science for years,” Stand.earth campaigner Joshua Archer told Common Dreams.
However, he said what “makes this moment really unique” is that Amazon is now failing three distinct groups of people: consumers like those at the protest who want it to do better on climate, investors who are concerned about returns from the AI buildout, and the 30,000 employees it laid off since October despite its record profits.
“The company is not respecting the employees on whose backs the company has built its success” just as it’s “not respecting the latest climate science,” Archer said.
Lazarus said that many employees expressed interest in the protesters’ demands. While some zipped past in headphones, others “lit up and were clearly engaged and simpatico.”
He noted that Amazon employees have been organizing for years to pressure the company to increase its climate ambitions through Amazon Employees for Climate Justice, and hoped the addition of consumer advocacy would help “Amazon realize that there’s a groundswell of support for taking more aggressive measures to reduce their climate impact... which is becoming quite monumental given the growth in data cents and the influence that they carry.”
Lazarus told Common Dreams it was also important to him that Amazon ramp up its climate ambitions given President Donald Trump’s determination to double down on fossil fuels and inhibit renewable energy.
“We know that we’re not going to see much climate action at the federal level,” he said. “It becomes all the more important for corporate actors like Amazon to demonstrate that it remains committed to and acts upon its need to reduce emissions.”