6. Stop Other Labor Abuses
Companies worldwide are also replacing what was once permanent and stable employment with temporary and contingent labor. Often called “contingent” or “precarious” workers, these workers fill a labor need that is permanent while being denied the status of employment. In the United States, this trend is called “misclassification,” in which employers misclassify workers as “independent contractors” when they are actually employees. Contingent labor also occurs through outsourcing, subcontracting, and use of employment agencies.
7. Open and Democratic Trade Policy
Negotiating international trade agreements behind closed doors with only bureaucrats and corporate lobbyists present has to end. These old-style trade agreements are fundamentally undemocratic and put corporate profits above workers, the environment, health, and the public interest. We need a new, transparent trade policy that is open, transparent, and accountable to the people.
8. A New Economics?
Economists are often imagined as stuffy academics who value arcane economic theory above humanitarian values. The field’s clinging to parsimonious theories gave us such winners as the Washington Consensus and a global financial system that imploded in 2008. Thankfully, there’s a movement among economics grad students and scholars to reimagine the discipline. As they acknowledge, we clearly need a new economics that works to improve the lives of everyone, not just those already well off. For instance, what could be more radical than a Buddhist economics? This is the path promoted by economist and Rhodes Scholar E .F. Schumacher, who says humanity needs an economics that creates wealth for all people, just not money for privileged people and corporations. Economics should take into account ethics and the environment, and treat its claims less like invariable truths.