Righting the Upside-Down Economy: Creating a Sustainable Recovery


What:

In this recovery the distribution of economic gains has clearly been upside-down. While business profits are soaring to record levels, income growth is extremely slow and wage and employment gains have lagged significantly. Despite the rise in corporate profitability, these earnings are not being reinvested in the creation of good paying jobs and productive capital. Workers, therefore, have not reaped their fair share of the productivity gains in the past few years. In addition, sluggish income growth has caused household consumption to increase through borrowing, creating a debt-driven recovery that is not sustainable. This event highlights the high costs of this upside-down economy and the policy solutions that can correct this trend.

Panelists include:

Eileen Appelbaum, Professor and Director of the Center for Women and Work, Rutgers University

James K. Galbraith, Lloyd M. Bentsen Jr. Chair of
Government/Business Relations, Lyndon B. Johnson School of Public Affairs, University of Texas at Austin

Robert D. Manning, University Professor and Special Assistant to the Provost, Rochester Institute of Technology

Moderated by

Scott Lilly, Senior Fellow, Center for American Progress

Featuring a keynote message by

Paul Krugman, The New York Times Op-Ed Columnist and Professor of Economics and International Affairs at Princeton University.

When:

Thursday, 1 July 2004 
Program: 10:30 a.m. - 1:00 p.m.
Lunch will be provided.

 

Where:

Mayflower Hotel - State Room
1127 Connecticut Ave., NW
Washington, DC 20036

Nearest Metro: Farragut North

To RSVP
Click here to register. 
Or call 202.741.6396

 

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About the participants:

Eileen Appelbaum is a Professor at the School of Management and Labor Relations at Rutgers University and Director of the Center for Women and Work. Formerly, she was Research Director at the Economic Policy Institute in Washington, D.C. Her current research focuses on work-life practices of organizations, with a focus on staffing and scheduling issues related to work time and flexibility. Her study, “Shared Work - Valued Care: New Norms for Organizing Market work and Unpaid Care Work", examines practices in Japan, Australia, Sweden, Germany, the Netherlands, and Italy to gain insights into how work and care might realistically be reorganized to meet the needs of working families. Dr. Appelbaum has studied and written extensively about employee participation, and is co-author of Job Saving Strategies: Worker Buyouts and QWL; The New American Workplace; Manufacturing Advantage: Why High Performance Work Systems Pay Off. Most recently she co-edited Low Wage America: How Employers Are Reshaping Opportunity in the Workplace. Her articles have appeared in Industrial and Labor Relations Review; British Journal of Industrial Relations; International Labour Review; Economic and Industrial Democracy and Labour and Society. Dr. Appelbaum received her Ph.D in economics from the University of Pennsylvania.

James K. Galbraith holds the Lloyd M. Bentsen, Jr. Chair of Government/Business Relations at the Lyndon B. Johnson School of Public Affairs, the University of Texas at Austin. He is also a Senior Scholar with the Levy Economics Institute, Chair of the Board of Economists Allied for Arms Reduction (ECAAR), an international association of professional economists concerned with peace and security issues, and a Vice President of Americans for Democratic Action. Galbraith books are Balancing Acts: Technology, Finance and the American Future; Created Unequal: The Crisis in American Pay, and Inequality and Industrial Change: A Global View co-edited with Maureen Berner. He is the economics correspondent for Salon, offers commentary on Public Radio International and Marketplace, and an occasional column in the Texas Observer, as well as reviews and comment in many other publications. He held a Fulbright Distinguished Visiting Lectureship in China in the summer of 2001, and was named a Carnegie Scholar in 2003. Galbraith holds degrees from Harvard and Yale (Ph.D. in Economics, 1981).

Paul Krugman is one of the world’s most respected economists and a passionate and articulate speaker with a gift for lucid explanation of economic forces and trends in terms that matter to his audiences. His bi-weekly Op-Ed pieces for The New York Times model the depth of insight and the unflinchingly outspoken style he brings to his speeches. In his best-selling book, The Great Unraveling: Losing Our Way in the New Century, Professor Krugman analyzes the economic and political course the United States has taken recently and recommends a road map for getting the country back on track. This provocative book from America’s leading economic critic will set the terms of the political debate for years to come. Krugman’s work in economics has earned him broad acclaim from the economic press and several prestigious awards, including the John Bates Clark medal from the American Economic Association for his work in international trade and finance. Paul Krugman is professor of economics at Princeton University and the author of The Return of Depression Economics and other academic and popular works.

Scott Lilly is a Senior Fellow at the Center for American Progress. Lilly joins American Progress after 31 years of service with the United States Congress. He as served as Clerk and Staff Director of the House Appropriations Committee, Minority Staff Director of that Committee, Executive Director of the House Democratic Study Group, Executive Director of the Joint Economic Committee and Chief of Staff in the Office of Congressman David Obey. He served two years in the U.S. Army. Lilly has been engaged in a wide array of policy matters ranging across the entire spectrum of government activities. These have included counter terrorism, homeland security, efforts to reform American schools and the financing of federal scientific activities. He is a graduate of Westminster College in Fulton, Missouri and teaches at Georgetown University as an Adjunct Professor in the Public Policy Institute.

Robert D. Manning is University Professor and Special Assistant to the Provost, Rochester Institute of Technology (RIT), Faculty Associate in International Business (RIT), and Research Associate of the Center for Comparative Immigration Studies, University of California, San Diego. He has been a Visiting Professor in Latin American Studies at Georgetown University, Senior Social Science Analyst at the Smithsonian Institution, and Senior Fulbright Lecturer to Mexico. He has conducted fieldwork in Mexico, Haiti, and Cuba. He has published widely on the deregulation of the U.S. banking industry and the emergence of global financial services conglomerates. Manning's Credit Card Nation, has received national and international attention including expert testimonies before the U.S. Senate Judiciary and Banking Committees and US House Financial Services Committee. His recent collaboration with Michael Hudson on predatory lending ("Banking on Misery," special issue of  Southern Exposure Magazine) received the 2003 Polk Award for investigative journalism. He is currently researching the impact of consumer debt on college students and young adults ("Generation 'n Debt") and the global deregulation of consumer financial services ("Credit Card World") as a Social Science Research Fellow (2004-05). His next book, Give Yourself some Credit, will be published in the spring. Manning earned his Ph.D from The Johns Hopkins University, specializing in Comparative International Development.

The Center for American Progress is a nonpartisan research and educational institute dedicated to promoting a strong, just and free America that ensures opportunity for all. We believe that Americans are bound together by a common commitment to these values and we aspire to ensure that our national policies reflect these values. We work to find progressive and pragmatic solutions to significant domestic and international problems and develop policy proposals that foster a government that is "of the people, by the people, and for the people."