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The Cabinet includes the vice president and the heads of 15 executive departments

Klain served as Biden's chief of staff in the Obama White House and was also a senior aide to the President.

Klain has been a top debate preparation adviser to Biden, Obama, Bill Clinton, Gore, John Kerry and Hillary Clinton.

O'Malley Dillon will join Biden's incoming administration as a deputy White House chief of staff. O'Malley Dillon was Biden's presidential campaign manager and has served numerous other political campaigns -- including former Rep. Beto O'Rourke's failed 2020 presidential primary campaign and both of Barack Obama's presidential campaigns.

Richmond is expected to leave Congress to join Biden's White House staff in a senior role.

Rice served in the Obama administration as UN ambassador and national security adviser.

A longtime Biden ally, Coons was one of the first members of Congress to endorse the former vice president when he declared his 2020 presidential candidacy.

Rice at one point was thought to be the clear choice to succeed Hillary Clinton as secretary of state, but in 2012 withdrew her name from consideration to avoid a bitter Senate confirmation battle.

Blinken served in the Obama administration as the deputy secretary of state, assistant to the president and principal deputy national security adviser.

During the Clinton administration, Blinken served as a member of the National Security Council staff at the White House, and held roles as the special assistant to the president, senior director for European affairs, and senior director for speechwriting and then strategic planning. He was Clinton's chief foreign policy speechwriter

Yates was fired by Trump from her role as acting attorney general.

Throughout his Senate career, Coons has been known for working across the aisle and forging strong relationships with high-profile Republicans who shared common interests.

Brainard currently serves as a member of the Board of Governors of the Federal Reserve System

Brainard was the US representative to the G-20 Finance Deputies and G-7 Deputies and was a member of the Financial Stability Board. During the Clinton administration, Brainard served as the deputy national economic adviser and deputy assistant to the President.

Raskin was the deputy secretary of the US Department of the Treasury during the Obama administration. She was previously a governor of the Federal Reserve Board.

Outside of Sen. Elizabeth Warren, Raskin, a former deputy secretary at the department, would be the top choice for most progressives.

Rice was one of a handful of women on Biden's shortlist for a running mate.

During the mid-1990's, she served as principal deputy assistant secretary of defense for strategy and threat reduction, as well as deputy assistant secretary of defense for strategy

Mayorkas was deputy secretary of Homeland Security during the Obama administration, and served as the director of the Department of Homeland Security's United States Citizenship and Immigration Services

Monaco played a critical role in Biden's vice presidential selection committee, and served as Homeland Security and counterterrorism advisor to Obama.

Jones is the junior United States Senator from Alabama. He lost his reelection bid earlier this month to Republican Tommy Tuberville.

Jones was also involved in the prosecution of Eric Rudolph, whose 1998 attack on a Birmingham abortion clinic killed an off-duty police officer.

If chosen and confirmed, Flournoy would be the first female secretary of defense.

Yates had been appointed by Obama and was set to serve until Trump's nominee for attorney general was confirmed.

Haaland is a congresswoman from New Mexico, and is one of the first Native American women to serve in Congress. Biden has said he wants an administration that looks like the country. Haaland, the vice chair of the House Natural Resources Committee, would be the first Native American Cabinet secretary if she were to get an offer and accept it.

Yang is an entrepreneur and former 2020 Democratic presidential candidate. He rose from obscurity to become a highly-visible candidate, and his supporters are sometimes referred to as the "Yang Gang." His presidential campaign was centered around the idea of universal basic income, and providing every US citizen with $1,000 a month, or $12,000 a year.

Nelson is the international president of the Association of Flight Attendants-CWA. She cemented her image as a rising star of the labor movement during a prolonged government shutdown that stretched from December 2018 to January 2019.

Sanders is reaching out to potential supporters in labor to ask for their support as he mounts a campaign for the job. But he is viewed as a long shot and so far has received mix reactions from labor leaders.

Walsh is AFL-CIO President Richard Trumka's pick for the job, a big endorsement in what could soon turn into a contentious debate between moderate Democrats and progressives, who will favor Sen. Bernie Sanders or Michigan Rep. Andy Levin

Levin is a popular progressive who is also growing his base of support with labor leaders, including at the Communications Workers of America.

But he also has credibility with climate activists for having helped create Michigan's Green Jobs Initiative.

Murthy, a doctor of internal medicine, is the co-chair of Biden's coronavirus advisory board

Bottoms is the mayor of Atlanta and is a rising star of the Democratic Party. Bottoms stepped into the national spotlight when she denounced vandalism in her city as "chaos" after demonstrations over the death of George Floyd, a Black man who was killed by police in Minneapolis. Bottoms is a former judge and city council member.

Weingarten is the president of the American Federation of Teachers, AFL-CIO and has long pushed for education reform

Inslee is the governor of Washington state, and previously served in the US House of Representatives.

Buttigieg is the former mayor of South Bend, Indiana, and a former 2020 Democratic presidential candidate. Buttigieg's presidential bid was historic -- he was the first out gay man to launch a competitive campaign for president, and he broke barriers by becoming the first gay candidate to earn primary delegates for a major party's presidential nomination.

The authors identify the survey respondents who are most resistant to immigration:

These respondents are the oldest of any class and possess many of the traits typical of conservative southern whites. Many live in small towns or rural areas in the U.S. south and identify as Republicans. Further, many of them are retirees with low levels of education. Interestingly, these respondents live in the least diverse communities relative to all other classes as judged by the presence of few immigrants and ethnic/racial minorities in their ZIP codes, which highlights the subjective nature of immigrant archetypes.

The authors conducted a survey in which they explicitly provided information rebutting negative stereotypes of immigrants’ impact on crime, tax burdens and employment. They found that respondents in many cases shifted their views of immigrants from more negative to more positive assessments.

But shifts in a liberal direction on policies were short-lived, at best: “In sum,” Abascal, Huang and Tran wrote, the effects of the stereotype-challenging information “on beliefs about immigration are more durable than the effects on immigration policy preferences, which themselves decay rapidly

These findings recommend caution when deploying factual information to change attitudes toward immigration policy.”

The Republican Party was once the party of big business and the party that supported immigration as a source of cheap labor. What happened to turn it into the anti- immigration party?

corporate America’s need for cheap labor had been falling before the advent of Trump, and that that decline opened to door for Republican politicians to campaign on anti-immigrant themes.

The decision to remove barriers to trade in goods and capital flows have had profound effects on immigration. Trade has meant the closure of businesses in developed countries that rely on low-skill labor. When these firms closed, they took their support for low-skill immigration with them.

The ability of capital to move intensified this trend: whereas once firms needed to bring labor to their capital, they can now take their capital to labor. Once these firms move, they have little incentive to fight for immigration at home.

Finally, increased productivity, as both a product of and response to globalization, has meant that firms can do more with fewer workers, again decreasing demands for immigration. Together, these changes have led to less business support for immigration, allowing politicians to move to the right on immigration and pass restrictions to appease anti-immigration forces.

On the other side of the aisle, Democrats, in the view of Douglas Massey, a sociologist at Princeton, have failed to counter Republican opposition to immigration with an aggressive assertion of the historical narrative of the United Statesas a nation of immigrants, tapping into the fact that nearly all Americans are descendant from immigrants who arrived into a land they did not originally populate, and that despite epochs of xenophobia and restriction, in the end the US has been a great machine of immigrant integration that has benefited the United States and made us an exceptional nation.

the intertwined forces of climate change, state failure, violence, and criminal economics will greatly complicate efforts to create a counternarrative by producing surges of asylum seekers and refugees, which could be managed with effective immigration and border policies, but which under current circumstances instead serves to produce images of chaos along the southern border.

The question for the future of the broader consensus on immigration is whether Republicans can continue to be successful despite the anti-immigrant pandering that is largely out of step with the broad American consensus on immigration. If they are electorally successful — and there is reason to believe they will be, given forecasts for Democratic losses in 2022 — then this broad consensus might break down permanently and a large portion of the American public may follow their Republican leaders toward more fully adopting anti-immigrant ideology.

There are potentially tragic consequences if the Democratic Party proves unable to prevent anti-immigration forces from returning to take over the debate

The average undocumented immigrant has been in the U.S. for ten years The problems of the undocumented spill over onto the large population of U.S. citizens, who are the children, mates, relatives of the undocumented and whose lives are adversely affected by the increasingly repressive policy environment.

for all intents and purposes, most undocumented immigrants — and perhaps especially the Dreamers — are Americans deserving of full citizenship.

But these Americans are on the political chopping block, dependent on a weakened Democratic Party to protect them from a renewal of the savagery an intensely motivated Republican Party has on its agenda.

there’s little reason to enserf or enslave a worker (not quite the same thing, but let’s leave that aside) if labor is abundant and land is scarce, so that the amount that worker could earn if he ran away barely exceeds the cost of subsistence.

But if land becomes abundant and labor scarce, the ruling class will want to pin workers in place, so they can forcibly extract the difference between the value of what workers can produce — strictly speaking, their marginal product — and the cost of keeping them alive.

Yet serfdom wasn’t reimposed, for reasons that aren’t entirely clear. One thought, however, is that holding people captive in order to steal the fruits of their labor isn’t easy.

In fact, the real historical puzzle is why high wages didn’t always lead to widespread slavery or serfdom

serfdom in the West had more or less withered away by around 1300, because Western Europe was overpopulated given the technologies of the time, which in turn meant that landowners didn’t need to worry that their tenants and workers would leave in search of lower rents or higher wages.

But the Black Death caused populations to crash and wages to soar. In fact, for a while, real wages in Britain reached a level they wouldn’t regain until around 1870:

Labor was scarce in pre-Civil War America, so free workers earned high wages by European standards. Here are some estimates of real wages in several countries as a percentage of U.S. levels on the eve of the Civil War:

Indeed, slaveholders and their defenders lashed out at anyone who even suggested that slavery was a bad thing. As Abraham Lincoln said in his Cooper Union address, the slave interest in effect demanded that Northerners “cease to call slavery wrong, and join them in calling it right.”

Notice that Australia — another land-abundant, labor-scarce nation — more or less matched America; elsewhere, workers earned much less.

Landowners, of course, didn’t want to pay high wages. In the early days of colonial settlement, many Europeans came as indentured servants — in effect, temporary serfs

landowners quickly turned to African slaves, who offered two advantages to their exploiters: Because they looked different from white settlers, they found it hard to escape, and they received less sympathy from poor whites who might otherwise have realized that they had many interests in common. Of course, white southerners also saw slaves as property, not people, and so the value of slaves factored into the balance sheet of this greed-driven system.

again, the dynamic was one in which greedy slaveholders used and perpetuated racism to sustain their reign of exploitation and terror.

Because U.S. slavery was race-based, however, there was a limited supply of slaves, and it turned out that slaves made more for their masters in Southern agriculture than in other occupations or places

Black people in the North were sold down the river to Southern planters who were willing to pay more for them, so slavery became an institution peculiar to one part of the country.

As such, slaves became a hugely important financial asset to their owners. Estimates of the market value of slaves before the Civil War vary widely, but they were clearly worth much more than the land they cultivated, and may well have accounted for the majority of Southern wealth.

Inevitably, slaveholders became staunch defenders of the system underlying their wealth

Hence the rise of serfdom as Russia expanded east, and the rise of slavery as Europe colonized the New World.

But Northerners wouldn’t do that. There were relatively few Americans pushing for national abolition, but Northern states, one by one, abolished slavery in their own territories

This wasn’t as noble an act as it might have been if they had been confiscating slaveholders’ property, rather than in effect waiting until the slaves had been sold. Still, it’s to voters’ credit that they did find slavery repugnant.

And this posed a problem for the South

Anyone who believes or pretends to believe that the Civil War was about states’ rights should read Ulysses S. Grant’s memoirs, which point out that the truth was almost the opposite. In his conclusion, Grant noted that maintaining slavery was difficult when much of the nation consisted of free states, so the slave states in effect demanded control over free-state policies.

This should sound familiar. Since the Supreme Court overturned Roe v. Wade, states that have banned abortion have grown increasingly frantic over the ability of women to travel to states where abortion rights remain; it’s obvious that the right will eventually impose a national abortion ban if it can.

For a long time, the South actually did manage to exercise that kind of national control. But industrialization gradually shifted the balance of power within the United States away from the South to the North:

So did immigration, with very few immigrants moving to slave states.And the war happened because the increasingly empowered people of the North, as Grant wrote, “were not willing to play the role of police for the South” in protecting slavery.

So yes, the Civil War was about slavery — an institution that existed solely to enrich some men by depriving others of their freedom

And there’s no excuse for anyone who pretends that there was anything noble or even defensible about the South’s cause: The Civil War was fought to defend an utterly vile institution.

there are two plausible explanations, both of which could be true to some extent. One is that technology has taken a turn that places labor at a disadvantage; the other is that we’re looking at the effects of a sharp increase in monopoly power. Think of these two stories as emphasizing robots on one side, robber barons on the other.

can innovation and progress really hurt large numbers of workers, maybe even workers in general? I often encounter assertions that this can’t happen. But the truth is that it can, and serious economists have been aware of this possibility for almost two centuries. The early-19th-century economist David Ricardo is best known for the theory of comparative advantage, which makes the case for free trade; but the same 1817 book in which he presented that theory also included a chapter on how the new, capital-intensive technologies of the Industrial Revolution could actually make workers worse off, at least for a while — which modern scholarship suggests may indeed have happened for several decades.

increasing business concentration could be an important factor in stagnating demand for labor, as corporations use their growing monopoly power to raise prices without passing the gains on to their employees.

that shift is happening — and it has major implications. For example, there is a big, lavishly financed push to reduce corporate tax rates; is this really what we want to be doing at a time when profits are surging at workers’ expense? Or what about the push to reduce or eliminate inheritance taxes; if we’re moving back to a world in which financial capital, not skill or education, determines income, do we really want to make it even easier to inherit wealth?

Economic gains have still left 30.9 percent of Latvia’s population “severely materially deprived,” according to 2011 data released in December by Eurostat, the European Union’s statistics agency, second only to Bulgaria. Unemployment has fallen from more than 20 percent in early 2010, but was still 14.2 percent in the third quarter of 2012

“I’m always asking people here, ‘How can you put up with this?’ ” said Juris Calitis, a Latvian-born Anglican chaplain whose family fled Soviet occupation in the 1940s and who returned when the Soviet empire crumbled. “It is really shocking,” added Mr. Calitis, who runs a soup kitchen at his church in Riga’s old town. Latvians, he said, “should be shouting in the streets,” but “there is an acceptance of hard knocks.”

In contrast to much of Europe, Latvia today has no tradition of labor activism. “What can you achieve in the street? It is cold and snowing,” said Peteris Krigers, president of the Free Trade Union Confederation of Latvia. Organizing strikes, he said, is nearly impossible. “It is seen as shameful for people who earn any salary, no matter how small, to go on strike.”

Also largely absent are the leftist political forces that have opposed austerity elsewhere in Europe, or the rigid labor laws that protect job security and wage levels. In the second half of 2010, after less than 18 months of painful austerity, Latvia’s economy began to grow again.

Since 2008, Latvia has lost more than 5 percent of its population, mostly young people, to emigration. The recent exodus peaked in 2010, when 42,263 people moved abroad, a huge number in a country of just two million now, according to Mihails Hazans, a professor at the University of Latvia.

Alf Vanags, director of the Baltic International Center for Economic Policy Studies here, is skeptical. “The idea of a Latvian ‘success story’ is ridiculous,” he said. “Latvia is not a model for anybody.”

A better and more equitable way out of Latvia’s troubles, he believes, would have been a devaluation of the currency, an option closed to Greece and 16 other countries that use the euro. Latvia kept its currency pegged to the euro, putting itself in much the same straitjacket as euro zone nations.

“You can only do this in a country that is willing to take serious pain for some time and has a dramatic flexibility in the labor market,” he said. “The lesson of what Latvia has done is that there is no lesson.”

Democrats are accusing Republicans of trying to rush Trump’s Cabinet into office without proper vetting, particularly in the case of the wealthy executives who have slim public records and a greater potential for conflicts of interest.

Democrats are also upset that Republicans have scheduled six hearings for a single day, Wednesday; they believe it’s an attempt to dilute media coverage of the hearings and make it easier for the nominees to avoid a major controversy.

Trump’s pick: Rex Tillerson

Tillerson’s ties to Russian President Vladimir Putin will be the biggest potential obstacle to his confirmation by the Senate. In 2012, Putin awarded him the “Order of Friendship”—a high honor in the Kremlin, but one that will not sit well with Russia hawks in Congress.

He benefits from the support of the Republican leadership, and endorsements from Condoleezza Rice, Robert Gates and James Baker.

Trump’s pick: General James Mattis

Mattis is known as a straight-shooter and a voracious reader, and Trump has gushed that he is “the closest thing to George Patton that we have.” Like Trump, Mattis is someone whose blunt talk occasionally crashes through the line of political correctness

Trump’s pick: Representative Tom Price

In the meantime, Price’s experience in federal health policy could allow him to begin dismantling the Affordable Care Act from the inside at HHS.

The biggest obstacle to Price’s confirmation is not his fervent opposition to Obamacare but his support for Ryan’s longstanding desire to convert Medicare into a voucher program.

Trump’s pick: Former Texas Governor Rick Perry

As Democrats will undoubtedly remind the public to no end, the Energy Department was the Cabinet post that Perry infamously forgot he wanted to eliminate during a Republican primary debate in 2011.

will quickly turn serious as senators force Perry to explain how he plans to lead a department that he doesn’t believe should exist.

Trump’s pick: Andrew Puzder

He’s been a "vocal defender of Trump’s economic policies,” and shares a rhetorical style with the president-elect. As brash businessmen, they seem like two peas in a pod.

On policy, his opposition to a minimum-wage increase will be a target for Democrats, who will argue that placing a wealthy executive atop the Labor Department is an insult to working-class voters who supported Trump.

Trump’s pick: Elaine Chao

As labor secretary for the full two terms of the George W. Bush administration, Chao brings more civilian experience in the federal government than anyone else in Trump’s Cabinet. Before that, she directed the Peace Corps and led United Way.

Similar waves of protests in the past successfully halted a government plan to cut the French pension system in an effort to curb its spending deficit.

In addition to fuel shortages, which that have created huge lines at gas stations, the unions have also called for nationwide strikes in the public transportation sector, including air traffic controllers and at many of the 19 nuclear plants that provide electricity for much of the country.

With approval ratings below 20 percent, Hollande is the least popular president in modern French history.

The tumult raises the possibility that Hollande may not be chosen to run for re-election in 2017, which would be the first time in more than 50 years that a first-term incumbent was not tapped to pursue a second term.

Protests could grow until then, when France will have already begun hosting the Euro 2016 soccer tournament.

Many are concerned that the disruptions to fuel supplies — and possibly even electricity — could affect the tournament, a major sporting event with millions of viewers that will place France, yet again, in the international spotlight.

tech supporters of U.B.I. consider machine intelligence to be something like a natural bounty for society: The country has struck oil, and now it can hand out checks to each of its citizens.

These supporters argue machine intelligence will produce so much economic surplus that we could collectively afford to liberate much of humanity from both labor and suffering.

As computers perform more of our work, we’d all be free to become artists, scholars, entrepreneurs or otherwise engage our passions in a society no longer centered on the drudgery of daily labor.

“For a couple hundred years, we’ve constructed our entire world around the need to work. Now we’re talking about more than just a tweak to the economy — it’s as foundational a departure as when we went from an agrarian society to an industrial one.”

“I think it’s a bad use of a human to spend 20 years of their life driving a truck back and forth across the United States,” Mr. Wenger said. “That’s not what we aspire to do as humans — it’s a bad use of a human brain — and automation and basic income is a development that will free us to do lots of incredible things that are more aligned with what it means to be human.”

There is an urgency to the techies’ interest in U.B.I. They argue that machine intelligence reached an inflection point in the last couple of years, and that technological progress now looks destined to change how most of the world works.

Wage growth is sluggish, job security is nonexistent, inequality looks inexorable, and the ideas that once seemed like a sure path to a better future (like taking on debt for college) are in doubt. Even where technology has created more jobs, like the so-called gig economy work created by services like Uber, it has only added to our collective uncertainty about the future of work.

people are looking at these trends and realizing these questions about the future of work are more real and immediate than they guessed,”

A cynic might see the interest of venture capitalists in U.B.I. as a way for them to atone for their complicity in the tech that might lead to permanent changes in the global economy.

they don’t see U.B.I. merely as a defense of the current social order. Instead they see automation and U.B.I. as the most optimistic path toward wider social progress.

When you give everyone free money, what do people do with their time? Do they goof off, or do they try to pursue more meaningful pursuits? Do they become more entrepreneurial? How would U.B.I. affect economic inequality? How would it alter people’s psychology and mood? Do we, as a species, need to be employed to feel fulfilled, or is that merely a legacy of postindustrial capitalism?

Proponents say these questions will be answered by research, which in turn will prompt political change. For now, they argue the proposal is affordable if we alter tax and welfare policies to pay for it, and if we account for the ways technological progress in health care and energy will reduce the amount necessary to provide a basic cost of living.

They also note that increasing economic urgency will push widespread political acceptance of the idea. “There’s a sense that growing inequality is intractable, and that we need to do something about it,

Andrew L. Stern, a former president of the Service Employees International Union, who is working on a book about U.B.I., compared the feeling of the current anxiety around jobs to a time of war. “I grew up during the Vietnam War, and my parents were antiwar for one reason: I could be drafted,” he said.

Today, as people across all income levels become increasingly worried about how they and their children will survive in tech-infatuated America, “we are back to the Vietnam War when it comes to jobs,

If the labor movement’s strength is unity, its weakness is a reflexive worship of hierarchy: Locals supply the labor, and the national leadership sets the direction. That’s the way it has been for years, but it may be changing. Locals have signaled they want a bigger say in national political decisions. Until they get it in a meaningful way, divided unity will continue.

in the long run, “when pay setters set their own pay, there’s no limit,” unless “confiscatory tax rates” are imposed.

suggests that traditional liberal government policies on spending, taxation and regulation will fail to diminish inequality.

Conservative readers will find that Piketty’s book disputes the view that the free market, liberated from the distorting effects of government intervention, “distributes,” as Milton Friedman famously put it, “the fruits of economic progress among all people.

Piketty proposes instead that the rise in inequality reflects markets working precisely as they should: “This has nothing to do with a market imperfection: the more perfect the capital market, the higher” the rate of return on capital is in comparison to the rate of growth of the economy. The higher this ratio is, the greater inequality is.

we are in the presence of one of the watershed books in economic thinking.”

There are a number of key arguments in Piketty’s book.

One is that the six-decade period of growing equality in western nations – starting roughly with the onset of World War I and extending into the early 1970s – was unique and highly unlikely to be repeated. That period, Piketty suggests, represented an exception to the more deeply rooted pattern of growing inequality.

According to Piketty, those halcyon six decades were the result of two world wars and the Great Depression. The owners of capital – those at the top of the pyramid of wealth and income – absorbed a series of devastating blows. These included the loss of credibility and authority as markets crashed; physical destruction of capital throughout Europe in both World War I and World War II; the raising of tax rates, especially on high incomes, to finance the wars; high rates of inflation that eroded the assets of creditors; the nationalization of major industries in both England and France;

The six decades between 1914 and 1973 stand out from the past and future, according to Piketty, because the rate of economic growth exceeded the after-tax rate of return on capital. Since then, the rate of growth of the economy has declined, while the return on capital is rising to its pre-World War I levels.

“If the rate of return on capital remains permanently above the rate of growth of the economy – this is Piketty’s key inequality relationship,” Milanovic writes in his review, it “generates a changing functional distribution of income in favor of capital and, if capital incomes are more concentrated than incomes from labor (a rather uncontroversial fact), personal income distribution will also get more unequal — which indeed is what we have witnessed in the past 30 years.”

The Piketty diagnosis helps explain the recent drop in the share of national income going to labor (see Figure 2) and a parallel increase in the share going to capital.

Piketty’s analysis also sheds light on the worldwide growth in the number of the unemployed. The International Labor Organization, an agency of the United Nations, reported recently that the number of unemployed grew by 5 million from 2012 to 2013, reaching nearly 202 million by the end of last year. It is projected to grow to 215 million by 2018.

Piketty’s wealth tax solution runs directly counter to the principles of contemporary American conservatives who advocate antithetical public policies: cutting top rates and eliminating the estate tax.

The picture in the eurozone is worse: its economy expanded by 2 percent between 2009 and 2010. It is now forecast to expand by a mere 0.4 percent between 2010 and 2013. Austerity has put the crisis-hit countries through a wringer, with huge and ongoing recessions. Rates of unemployment are more than a quarter of the labor force in Greece and Spain (see figure 2).

it did not have to be this way.1. The creditor countries, particularly Germany, could have recognized that they were enjoying incredibly low interest rates on their own public debt partly because of the crises in the vulnerable countries. They could have shared some of this windfall they enjoyed with those under pressure. 2. The needed adjustment could have been made far more symmetrical, with strong action in creditor countries to expand demand. 3. The European Central Bank could have offered two years earlier the kind of open-ended support for debt of hard-pressed countries that it made available in the summer of 2012. 4. The funds made available to cushion the crisis could have been substantially larger. 5. The emphasis could then have been more on structural reforms, such as easing labor regulations and union protections that restrain hiring and firing and raise labor costs, and less on fiscal retrenchment in the form of reduced spending. Reduced labor costs could have made these nations’ export industries more competitive and encouraged domestic hiring.

The sellers of slaves, Baptist insists, were not generally paternalistic owners who fell on hard times and parted reluctantly with members of their metaphorical plantation “families,” but entrepreneurs who knew an opportunity for gain when they saw one. As for the slave traders — the middlemen — they excelled at maximizing profits. They not only emphasized the labor abilities of those for sale (reinforced by humiliating public inspections of their bodies), but appealed to buyers’ salacious fantasies. In the 1830s, the term “fancy girl” began to appear in slave-trade notices to describe young women who fetched high prices because of their physical attractiveness. “Slavery’s frontier,” Baptist writes, “was a white man’s sexual playground.”

After the legal importation of slaves from outside the country ended in 1808, the spread of slavery into the states bordering the Gulf of Mexico would not have been possible without the enormous uprooting of people from Maryland and Virginia. Almost one million slaves, Baptist estimates, were transported to the cotton fields from the Upper South in the decades before the Civil War.The domestic slave trade was highly organized and economically efficient, relying on such modern technologies as the steamboat, railroad and telegraph. For African-Americans, its results were devastating. Since buyers preferred young workers “with no attachments,” the separation of husbands from wives and parents from children was intrinsic to its operation, not, as many historians have claimed, a regrettable side effect.

The cotton kingdom that arose in the Deep South was incredibly brutal. Violence against Native Americans who originally owned the land, competing imperial powers like Spain and Britain and slave rebels solidified American control of the Gulf states. Violence, Baptist contends, explains the remarkable increase of labor productivity on cotton plantations. Without any technological innovations in cotton picking, output per hand rose dramatically between 1800 and 1860. Some economic historians have attributed this to incentives like money payments for good work and the opportunity to rise to skilled positions. Baptist rejects this explanation.

Slavery was essential to American development and, indeed, to the violent construction of the capitalist world in which we live.

Planters called their method of labor control the “pushing system.” Each slave was assigned a daily picking quota, which increased steadily over time. Baptist, who feels that historians too often employ circumlocutions that obscure the horrors of slavery, prefers to call it “the ‘whipping-machine’ system.” In fact, the word we should really use, he insists, is “torture.” To make slaves work harder and harder, planters utilized not only incessant beating but forms of discipline familiar in our own time — sexual humiliation, bodily mutilation, even waterboarding. In the cotton kingdom, “white people inflicted torture far more often than in almost any human society that ever existed.”

in the 1830s Southern banks developed new financial instruments, bonds with slaves as collateral, that enabled planters to borrow enormous amounts of money to acquire new land, and how lawmakers backed these bonds with the state’s credit. A speculative bubble ensued, and when it collapsed, taxpayers were left to foot the bill. But rather than bailing out Northern and European bondholders, several states simply defaulted on their debts. Many planters fled with their slaves to Texas, until 1845 an independent republic, to avoid creditors. “Honor,” a key element in Southern notions of masculinity, went only so far.

As the railroad opened new areas to cultivation and cotton output soared, slave owners saw themselves as a modern, successful part of the world capitalist economy. They claimed the right to bring their slaves into all the nation’s territories, and indeed into free states. These demands aroused intense opposition in the North, leading to Lincoln’s election, secession and civil war.

It is hardly a secret that slavery is deeply embedded in our nation’s history. But many Americans still see it as essentially a footnote, an exception to a dominant narrative of the expansion of liberty on this continent.

Where Baptist breaks new ground is in his emphasis on the centrality of the interstate trade in slaves to the regional and national economies and his treatment of the role of extreme violence in the workings of the slave system.

ArtsBeat Book Review Podcast: Walter Isaacson’s ‘The Innovators’

Some of the highest employment rates in the advanced world are in places with the highest taxes and most generous welfare systems, namely Scandinavian countries.

In Scandinavian countries, working parents have the option of heavily subsidized child care. Leave policies make it easy for parents to take off work to care for a sick child. Heavily subsidized public transportation may make it easier for a person in a low-wage job to get to and from work. And free or inexpensive education may make it easier to get the training to move from the unemployment rolls to a job.

In short, more people may work when countries offer public services that directly make working easier, such as subsidized care for children and the old; generous sick leave policies; and cheap and accessible transportation. If the goal is to get more people working, what’s important about a social welfare plan may be more about what the money is spent on than how much is spent.

, it could mean that more direct aid to the working poor could help coax Americans into the labor force more effectively than the tax credits that have been a mainstay for compromise between Republicans and Democrats for the last generation.

In Denmark, someone who enters the labor force at an average salary loses 86 percent of earnings to a combination of taxes and lost eligibility for welfare benefits; that number is only 37 percent in the United States. Yet the percentage of Danes between the ages of 20 and 59 with a job is 10 percentage points higher than in the United States.

In the United States, the major policies aimed at helping the working poor are devised around tax subsidies that put more cash in people’s pockets so long as they work, most notably through the Earned-income tax credit and Child Tax Credit.

There is a solid correlation, by Mr. Kleven’s calculations, between what countries spend on employment subsidies — like child care, preschool and care for older adults — and what percentage of their working-age population is in the labor force.

Collectively, these policies and subsidies create flexibility such that a person on the fence between taking a job versus staying at home to care for children or parents may be more likely to take a job.

The employment subsidies Mr. Kleven cites surely help coax more Scandinavians into the work force, Mr. Greenstein agrees, but shouldn’t be viewed in isolation.

wages for entry-level work are much higher in the Nordic countries than in the United States, reflecting a higher minimum wage, stronger labor unions and cultural norms that lead to higher pay

There are countless differences between Northern European countries and the rest of the world beyond child care policies and the like. The Scandinavian countries may have cultures that encourage more people to work, especially women.

Every country has a mix of taxes, welfare benefits and policies to promote work that reflects its politics and culture. In the large, diverse United States, there is deep skepticism of social welfare programs and direct government spending, along with a greater commitment to keeping taxes low.

George J. Borjas, a professor of economics at Harvard, argues thatillegal immigration reduces the wage of native workers by an estimated $99 to $118 billion a year, and generates a gain for businesses and other users of immigrants of $107 billion to $128 billion.

The left, Lind said,cannot cope with reality of how low-wage unskilled immigration has been driving down wages at the bottom of the labor market since the 1960s. Whenever multiculturalism collides with the interests of labor, multiculturalism wins.

The dynamic interaction of three current trends — voter anger over immigration, over offshoring and robotization, and over damage wrought by the economic meltdown of 2008 — has been crucial to Trump’s success.

: “In 1979, the four middle-skill occupations (sales; office and administrative workers; production workers; and operatives) accounted for 60 percent of employment,” according to David Autor, an economist at M.I.T. By 2012, “it was 46 percent.”

the aftereffects of the financial collapse: “The cost of the crisis, assuming output eventually returns to its precrisis trend path, is an output loss of $6 trillion to $14 trillion. This amounts to $50,000 to $120,000 for every U.S. household,”

While the recession was an economic phenomenon, its impact went beyond a sizable drop in output or consumption. The adverse psychological consequences are enormous

The “stark legacy of the recession and the lackluster labor market” are apparent in “reduced opportunity and deterioration,” according to the Dallas Federal Reserve. The number of men and women “not in the labor force” continues to grow, from 92.5 million in November 2014 to 94.4 million last month.

In World War I, France more than any other European power used African troops, including Senegalese riflemen who fought in the victorious battle to take the German colony of Togo. France also sen

Most Africans who participated in that war, however, were recruited or conscripted into labor units, as military service was considered risky — stoking fears that blacks “may get ideas beyond their station,” said World War I historian Albert Grundlingh of the University of Stellenbosch.

But it took close to 70 years for South Africa to pay homage to 700 black laborers who died when their ship, the Mendi, sank in the British Channel in 1917 on its way to France to help in the war effort.

Amid the battles, African cities were taking shape in the first big wave of black urbanization, driven by the demand for labor.

“It was the biggest migration of the early 20th century,” said Mr. Grundlingh, adding that the mass exodus to the cities planted the seeds of segregation, and eventually, black consciousness.

The end of German colonization in Africa saw France take over Togo, while a French-British coalition ruled Cameroon. Belgium got Rwanda and Burundi, leaving Tanzania to the British, and Southwest Africa went to South Africa.

This is still a country in which nearly 20 percent of prime-age American men are not working full time. This is still a country in which only 37 percent of adults expect children to be better off financially than they are. This is still a country in which millions of new jobs are through “alternative work arrangements” like contracting or consulting — meaning no steady salary, no predictable hours and no security.

Oren Cass’s absolutely brilliant new book, “The Once and Future Worker.” The first part of the book is about how we in the educated class have screwed up labor markets in ways that devalued work and made it harder for people in the working class to find a satisfying job

Trump ran another American carnage campaign. That’s because American life still feels like carnage to many.

for the last several decades American, welfare policy has focused on consumption — giving money to the poor so they can consume more. Yet we have not successfully helped poor people produce more so that they can take control of their own lives. We now spend more than $20,000 a year in means-tested government spending per person in poverty. And yet the average poverty rate for 2000 to 2015 was higher than it was for 1970 to 1985

Right now, we have a one-size-fits-all education system. Everybody should go to college. The problem is that roughly one-fifth of our students fail to graduate high school in four years; roughly one-fifth take no further schooling after high school; roughly one-fifth drop out of college; roughly one-fifth get a job that doesn’t require the degree they just earned; and roughly one-fifth actually navigate the path the system is built around — from school to career.We build a broken system and then ask people to try to fit into the system instead of tailoring a system around people’s actual needs.

he’s really trying to put work, and the dignity of work, at the center of our culture and concern. In the 1970s and 1980s, he points out, the Emmy Award-winning TV shows were about blue-collar families: “All in the Family,” “Taxi,” “Cheers,” “The Wonder Years.” Now the Emmy-winning shows are mostly about white-collar adults working in Los Angeles, Seattle, Boston, New York and Washington.

We in the college-educated sliver have built a culture, an economy and a political system that are all about ourselves. It’s time to pass labor market reforms that will make life decent for everybody.

economists are reassessing their belief that technological progress lifts all boats, and are beginning to worry about the new configuration of work.

“We automate the pieces that can be automated,” said Paul Hart, a senior vice president running the radio-frequency power business at NXP’s plant in Chandler. “The work force grows but we need A.I. and automation to increase the throughput.”

“The view that we should not worry about any of these things and follow technology to wherever it will go is insane,”

But the industry doesn’t generate that many jobs

Because it pushes workers to the less productive parts of the economy, automation also helps explain one of the economy’s thorniest paradoxes: Despite the spread of information technology, robots and artificial intelligence breakthroughs, overall productivity growth remains sluggish.

Axon, which makes the Taser as well as body cameras used by police forces, is also automating whatever it can. Today, robots make four times as many Taser cartridges as 80 workers once did less than 10 years ago

The same is true across the high-tech landscape. Aircraft manufacturing employed 4,234 people in 2017, compared to 4,028 in 2010. Computer systems design services employed 11,000 people in 2017, up from 7,000 in 2010.

To find the bulk of jobs in Phoenix, you have to look on the other side of the economy: where productivity is low. Building services, like janitors and gardeners, employed nearly 35,000 people in the area in 2017, and health care and social services accounted for 254,000 workers. Restaurants and other eateries employed 136,000 workers, 24,000 more than at the trough of the recession in 2010. They made less than $450 a week.

While Banner invests heavily in technology, the machines do not generally reduce demand for workers. “There are not huge opportunities to increase productivity, but technology has a significant impact on quality,” said Banner’s chief operating officer, Becky Kuhn

The 58 most productive industries in Phoenix — where productivity ranges from $210,000 to $30 million per worker, according to Mr. Muro’s and Mr. Whiton’s analysis — employed only 162,000 people in 2017, 14,000 more than in 2010

Employment in the 58 industries with the lowest productivity, where it tops out at $65,000 per worker, grew 10 times as much over the period, to 673,000.

The same is true across the national economy. Jobs grow in health care, social assistance, accommodation, food services, building administration and waste services

On the other end of the spectrum, the employment footprint of highly productive industries, like finance, manufacturing, information services and wholesale trade, has shrunk over the last 30 years

“In the standard economic canon, the proposition that you can increase productivity and harm labor is bunkum,” Mr. Acemoglu said

By reducing prices and improving quality, technology was expected to raise demand, which would require more jobs. What’s more, economists thought, more productive workers would have higher incomes. This would create demand for new, unheard-of things that somebody would have to make

To prove their case, economists pointed confidently to one of the greatest technological leaps of the last few hundred years, when the rural economy gave way to the industrial era.

In 1900, agriculture employed 12 million Americans. By 2014, tractors, combines and other equipment had flushed 10 million people out of the sector. But as farm labor declined, the industrial economy added jobs even faster. What happened? As the new farm machines boosted food production and made produce cheaper, demand for agricultural products grew. And farmers used their higher incomes to purchase newfangled industrial goods.

The new industries were highly productive and also subject to furious technological advancement. Weavers lost their jobs to automated looms; secretaries lost their jobs to Microsoft Windows. But each new spin of the technological wheel, from plastic toys to televisions to computers, yielded higher incomes for workers and more sophisticated products and services for them to buy.

In a new study, David Autor of the Massachusetts Institute of Technology and Anna Salomons of Utrecht University found that over the last 40 years, jobs have fallen in every single industry that introduced technologies to enhance productivity.

The only reason employment didn’t fall across the entire economy is that other industries, with less productivity growth, picked up the slack. “The challenge is not the quantity of jobs,” they wrote. “The challenge is the quality of jobs available to low- and medium-skill workers.”

the economy today resembles what would have happened if farmers had spent their extra income from the use of tractors and combines on domestic servants. Productivity in domestic work doesn’t grow quickly. As more and more workers were bumped out of agriculture into servitude, productivity growth across the economy would have stagnated.

The growing awareness of robots’ impact on the working class raises anew a very old question: Could automation go too far? Mr. Acemoglu and Pascual Restrepo of Boston University argue that businesses are not even reaping large rewards for the money they are spending to replace their workers with machines.

the cost of automation to workers and society could be substantial. “It may well be that,” Mr. Summers said, “some categories of labor will not be able to earn a subsistence income.” And this could exacerbate social ills, from workers dropping out of jobs and getting hooked on painkillers, to mass incarceration and families falling apart.

Silicon Valley’s dream of an economy without workers may be implausible. But an economy where most people toil exclusively in the lowliest of jobs might be little better.

Those native peoples presented both a threat and an opportunity to Sutter

local Nisenan people, and turned them into a militia, outfitting them with uniforms and weapons and training them to defend his land

With the help of his militia, he also enslaved them

did not hesitate to kill Native Americans who did not submit to hard labor

Native Americans weren’t just an economic powerhouse—they were currency. He traded native labor among local rancheros and to new settlers

Sutter’s Mill became ground zero for the Gold Rush of 1849. But even the discovery of gold was facilitated by Sutter’s enslavement and coercion of native peoples

the dirt there was dug by a group of Sutter-controlled Native Americans who knew about the gold, but did not value it

After the presence of gold became known, squatters and thieves overran Sutter’s ranch, destroyed his building, looted his wealth and stole his livestock

his claim to the lands granted to him in 1841 was declared invalid

But perhaps the biggest losers were the Native Americans of Gold Rush-era California

John Sutter had set the stage for their destruction—but his cruelty was just the beginning

Attempts to explain this picture result in a frank contradiction: Experts blame natives’ nonwork on a reduced number of jobs for low-skill labor, while at the same time attributing the influx of millions of low-skill immigrants to the shortage of workers available to do those very jobs.

Do immigrants “steal” jobs from natives? A more accurate assessment, based on what business managers say, is that as the native work ethic deteriorated, immigrants increasingly filled the void.

While native work effort dwindles, immigrant men continue to put in long hours — an average of 49 full-time weeks per year for workers without a high school diploma, compared with just 35 weeks for comparable natives. And Hispanic immigrant men work 10 more weeks per year than native-born black men.

Without drastically curtailing low-skill immigration, there is little incentive to make the significant cultural and practical changes needed to improve and reintegrate native workers.

If the influx of foreign low-skill workers were ended, employers who wish to keep their plants running would have to aggressively pursue native labor with advertising campaigns, better working conditions, and perhaps relocation incentives and higher wages.

Reducing immigration would encourage other long overdue changes as well, including strengthening work requirements as a condition of government aid, tightening eligibility standards for disability benefits, and abandoning the college-for-all mindset that devalues blue-collar occupations.

Finally, low-skill natives themselves should embrace the social expectation — once unquestioned in our society — that they must work at the jobs that are actually available, even if sometimes arduous and unpleasant.

Work is a vital source of dignity, respect, self-reliance, and connection. When able-bodied people are idle, whole communities can become dysfunctional. Putting Americans back to work should be a top policy priority. Pursuing that goal starts with cutting off the “narcotic” flow of low-skill foreign labor.

The United States currently has the lowest minimum wage, as a proportion of its average wage, of any advanced economy,

On the other hand, two recent meta-studies (which pool together the results of multiple analyses) have found that increasing the minimum wage does not have a significant impact on employment.

The minimum wage has been a hobgoblin of economism since its origins

Think tanks including Cato, Heritage, and the Manhattan Institute have reliably attacked the minimum wage for decades, all the while emphasizing the key lesson from Economics 101: Higher wages cause employers to cut jobs.

In today’s environment of increasing economic inequality, the minimum wage is a centerpiece of political debate

The real impact of the minimum wage, however, is much less clear than these talking points might indicate.

In 1994, David Card and Alan Krueger evaluated an increase in New Jersey’s minimum wage by comparing fast-food restaurants on both sides of the New Jersey-Pennsylvania border. They concluded, “Contrary to the central prediction of the textbook model ... we find no evidence that the rise in New Jersey’s minimum wage reduced employment at fast-food restaurants in the state.”

Card and Krueger’s findings have been vigorously contested across dozens of empirical studies. Today, people on both sides of the debate can cite papers supporting their position, and reviews of the academic research disagree on what conclusions to draw.

economists who have long argued against the minimum wage, reviewed more than one hundred empirical papers in 2006. Although the studies had a wide range of results, they concluded that the “preponderance of the evidence” indicated that a higher minimum wage does increase unemployment.

The argument against increasing the minimum wage often relies on what I call “economism”—the misleading application of basic lessons from Economics 101 to real-world problems, creating the illusion of consensus and reducing a complex topic to a simple, open-and-shut case.

The profession as a whole is divided on the topic: When the University of Chicago Booth School of Business asked a panel of prominent economists in 2013 whether increasing the minimum wage to $9 would “make it noticeably harder for low-skilled workers to find employment,” the responses were split down the middle.

The idea that a higher minimum wage might not increase unemployment runs directly counter to the lessons of Economics 101

there are several reasons why the real world does not behave so predictably.

In short, whether the minimum wage should be increased (or eliminated) is a complicated question. The economic research is difficult to parse, and arguments often turn on sophisticated econometric details. Any change in the minimum wage would have different effects on different groups of peop

At the other extreme, very large employers may have enough market power that the usual supply-and-demand model doesn’t apply to them. They can reduce the wage level by hiring fewer workers

In the above examples, a higher minimum wage will raise labor costs. But many companies can recoup cost increases in the form of higher prices; because most of their customers are not poor, the net effect is to transfer money from higher-income to lower-income families.

In addition, companies that pay more often benefit from higher employee productivity, offsetting the growth in labor costs.

why higher wages boost productivity: They motivate people to work harder, they attract higher-skilled workers, and they reduce employee turnover, lowering hiring and training costs, among other things

If fewer people quit their jobs, that also reduces the number of people who are out of work at any one time because they’re looking for something better. A higher minimum wage motivates more people to enter the labor force, raising both employment and output

Finally, higher pay increases workers’ buying power. Because poor people spend a relatively large proportion of their income, a higher minimum wage can boost overall economic activity and stimulate economic growth

Even if a higher minimum wage does cause some people to lose their jobs, that cost has to be balanced against the benefit of greater earnings for other low-income workers.

Although the standard model predicts that employers will replace workers with machines if wages increase, additional labor-saving technologies are not available to every company at a reasonable cost

Nevertheless, when the topic reaches the national stage, it is economism’s facile punch line that gets delivered, along with its all-purpose dismissal: people who want a higher minimum wage just don’t understand economics (although, by that standard, several Nobel Prize winners don’t understand economics

This conviction that the minimum wage hurts the poor is an example of economism in action

one particular result of one particular model is presented as an unassailable economic theorem.

A recent study by researchers at the Cornell School of Hotel Administration, however, found that higher minimum wages have not affected either the number of restaurants or the number of people that they employ, contrary to the industry’s dire predictions, while they have modestly increased workers’ pay.

The fact that this is the debate already demonstrates the historical influence of economism

Low- and middle-income workers’ reduced bargaining power is a major reason why their wages have not kept pace with the overall growth of the economy. According to an analysis by the sociologists Bruce Western and Jake Rosenfeld, one-fifth to one-third of the increase in inequality between 1973 and 2007 results from the decline of unions.

With unions only a distant memory for many people, federal minimum-wage legislation has become the best hope for propping up wages for low-income workers. And again, the worldview of economism comes to the aid of employers by abstracting away from the reality of low-wage work to a pristine world ruled by the “law” of supply and demand.