As long as limited economic mobility and stagnant income is assigned at birth, political stability should not persist. The sentiment that markets are efficient and self-regulating – where the most astute and hardest workers are presumed to prosper while the least astute and laziest receive their "just rewards" – only serves the ideological device of maintaining social hierarchy.

Two bold policies:

  1. A federal job guarantee in which all workers are offered the dignity of productive work, livable wages, and enhanced worker bargaining power resulting from the removal of the threat of unemployment
  2. A "baby bonds" child trust account program, where the opportunity for wealth accumulation is seeded at birth so that everyone may purchase the economic security of an appreciating asset as a young adult.

Bottom line: To promote economic mobility and, likewise, political stability, we need a shift from overemphasizing economic austerity and growth, while leaving workers vulnerable to the fickle contingency of "trickle down" job creation. Instead we need to prioritize what Nobel Laureate Amartya Sen calls human capabilities, where we measure our national economic health by how well we enable all our citizens to attain their self-defined goals.

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Updated 4 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 9:45 p.m. ET: 19,282,972 — Total deaths: 718,851 — Total recoveries — 11,671,491Map.
  2. U.S.: Total confirmed cases as of 9:45 p.m. ET: 4,937,441 — Total deaths: 161,248 — Total recoveries: 1,623,870 — Total tests: 60,415,558Map.
  3. Politics: Trump says he's prepared to sign executive orders on coronavirus aid.
  4. Education: Cuomo says all New York schools can reopen for in-person learning.
  5. Public health: Surgeon general urges flu shots to prevent "double whammy" with coronavirus — Massachusetts pauses reopening after uptick in coronavirus cases.
  6. World: Africa records over 1 million coronavirus cases — Gates Foundation puts $150 million behind coronavirus vaccine production.

Warren and Clinton to speak on same night of Democratic convention

(Photos: Abdulhamid Hosbas/Anadolu Agency via Getty Images, Sean Rayford/Getty Images)

Sen. Elizabeth Warren and Hillary Clinton both are slated to speak on the Wednesday of the Democratic convention — Aug. 19 — four sources familiar with the planning told Axios.

Why it matters: That's the same night Joe Biden's running mate (to be revealed next week) will address the nation. Clinton and Warren represent two of the most influential wise-women of Democratic politics with the potential to turn out millions of establishment and progressive voters in November.

Trump considering order on pre-existing condition protections, which already exist

Photo: Jim Watson/AFP via Getty Images

President Trump announced on Friday he will pursue an executive order requiring insurance companies to cover pre-existing conditions, something that is already law.

Why it matters: The Affordable Care Act already requires insurers to cover pre-existing conditions. The Trump administration is currently arguing in a case before the Supreme Court to strike down that very law — including its pre-existing condition protections.