Economic dignity: Economic dignity deals with the dimensions of a person’s dignity that are linked to their economic context. “Economic Dignity points us beyond our fixation on GDP to the ends economic policy should serve—promoting the dignity of work and the well-being of families and communities. I mean, it's just saying that while we're going through this difficult time, you know, I believe you could tack it on. Julia Corcoran produced and edited this interview for broadcast with Peter O'Dowd. I would state that each and every one of them had worth only to the degree that it helped us fulfill a deeper American value like whether we were a nation where the accident of birth did not determine the outcome of your life; whether each of us had a chance to rise; whether each of us could work, raise our families, and retire with dignity. But I can't help but believe that this moment is not going to move the country in somewhat of the right direction, that we should be learning the lessons for our long-term economic impact and not just about the temporary measures to get us through this moment.”. Sperling says the coronavirus pandemic has shown just how important certain jobs … A Top Obama-Biden Aide Slams Trump for Missing the Moment for “Economic Dignity” With a new book, Gene Sperling promotes a big idea for the current crisis. My expertise is in the realm of national economic policy, and the audience I want to reach is the concerned citizens, advocates, journalists, students, and policymakers who debate over kitchen tables, social media, and the floors of Congress. Reprinted by arrangement with Penguin Press, a member of Penguin Group (USA) LLC, A Penguin Random House Company. Rich Miller. Economic Dignity is Sperling’s effort to do just that - to frame our thinking about the way forward in a time of wrenching economic change. “You have to have dignified treatment.”, On mortgage forbearance, a policy he favored while working for the Obama administration, “To lose your house, to have to move your family out to risk homelessness — this is among the greatest assaults of dignity. And I think you see two being put out there. NPR news on the U.S. and world economy, the World Bank, and Federal Reserve. Gene Sperling reconnects economics to moral and civic purpose and offers a framework for a much-needed debate about how to help those left behind by the winner-take-all economy of recent times. Economic dignity protections for those fearing loss of health-care coverage due to pre-existing conditions and measures that address crushing student loan debt will both encourage more, not less, risk-taking and entrepreneurship. Sperling says the coronavirus pandemic has shown just how important certain jobs are—jobs that once were considered entry-level or basic. This is not a quest for an unreachable utopian ideal. As Pauli Murray, the remarkable civil rights pioneer who refused to give up her seat on a public bus in Petersburg, Virginia, fifteen years prior to Rosa Parks,1 wrote in 1945: “As an American I inherit the magnificent tradition of an endless march toward freedom and toward the dignity of all mankind.”. Dignity is the right of a person to be valued and respected for their own sake, and to be treated ethically. But we have to do the same for people who are renting.”, On paycheck guarantees and other aid initiatives, “That's why I think you have to look for what are the bold solutions that solve a lot of these separate issues. I considered a more academic approach, aware of the deep philosophical literature on dignity and the field of welfare economics that seeks to delve into how to measure well-being. But those numbers don’t give us the most important measure, says economist Gene Sperling, former economic adviser to presidents Bill Clinton and Barack Obama. He is author of Pro-Growth Progressive: An Economic Strategy for Shared Prosperity (2005) and numerous publications including most recently, “Economic Dignity” in Democracy Journal (2019). Your source for news and music. The value of economic dignity reveals both the most admirable ideals and the brutal hypocrisy in our history. Economic dignity should be the North Star to guide that journey. His argument combines moral and intellectual seriousness with actual high-level policy experience. 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