Video ››› ››› ALBERT KLEINE
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Fox News has repeatedly resisted calls to raise taxes on the wealthy and on corporations over the past year, often peddling a number of myths about the connection between top tax rates and economic growth.
In honor of Tax Day, here's Fox News protecting the rich over the past year:
Over the past year, weekday evening cable news shows have hosted significantly more male than female guests to discuss the economy, and have hosted only a handful of female economists.
Increased Coverage Of Inequality, Attacks On Obamacare And The Minimum Wage, And Voices Of Economists Barely Present
Weekday broadcast and cable evening news covered a variety of economic topics including deficit reduction, economic growth, and effects of the Affordable Care Act (ACA) throughout the first quarter of 2014. A Media Matters analysis shows that many of these segments lacked proper context or input from economists, with Fox News continuing to advance the erroneous notion that the ACA and the minimum wage are causes of poor job growth.
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Fox News misrepresented economic research while arguing against efforts to extend lapsed long-term unemployment benefits, ignoring the fact that the research itself noted the benefits of extending unemployment insurance to the jobless.
This week, the Senate is expected to vote on a bipartisan bill that would restore benefits to the long-term unemployed. Emergency unemployment compensation (EUC) lapsed in December 2013, and Congress has put forth multiple proposals to restore the program over the past few months.
On the March 26 edition of Fox & Friends, Fox Business' Charles Payne was brought on to preview the effort to extend lapsed benefits. Payne touted a Brookings Institution study co-authored by economist and former chair of the Council of Economic Advisers Alan Krueger, which found that only 10 percent of the long-term unemployed are able to find new employment within a year. Payne used this finding to argue against extending long-term EUC benefits, claiming that the unemployed "have to be pushed back into the job market" and that being unemployed should not be "too comfortable."
If Payne had actually taken time to read the study he cited, he would have found that the authors actually note the exact opposite.
Contrary to Payne's claim that unemployment benefits keep people from entering the job market, Kruger and his co-authors point out that the benefits, which require the unemployed to search for jobs "[have] been shown to induce unemployed workers to stay in the labor force." Indeed, the idea that unemployment insurance somehow suppresses labor participation is a well-worn falsehood, and multiple studies have shown EUC benefits do not discourage job seeking.
Furthermore, while the Fox & Friends segment attempted to paint Krueger's research as an indication that he opposes government efforts to help the unemployed, he recently stated that the government should be more aggressive at preventing people from becoming long-term unemployed.
A report released last week showed that young public school teachers will forfeit thousands of dollars in pension wealth due to states' current pension policies. In the seven days since the report's release, broadcast nightly news, weekday evening cable news, and major print outlets have completely ignored its findings and its implications for the largest class of workers in the U.S.
A national coalition of organizations has signed a letter to four major broadcast network heads expressing their concern over the failure of broadcast evening news programs to note the public cost of low wages.
A recently released Media Matters report found that over the past year, evening news programs on ABC, CBS, NBC, and PBS have been largely silent about the burden that low minimum wages place on the financial security of public safety net programs. The report found that from March 1, 2013, through March 10, 2014, the networks only mentioned the reliance of minimum wage workers on federal, state, and local anti-poverty programs such as food assistance and welfare programs eight times, with PBS providing the majority.
22 national organizations that advocate on behalf of the millions of workers that would benefit from a minimum wage increase wrote the heads of the broadcast networks to express their "deep concern" over coverage of "the impact of low minimum wages on hard-working Americans, their families, and our country":
When it comes to growing our economy and improving the livelihoods of workers, it's increasingly imperative that your evening news programs cover the cost of inaction. Because of low wages, many workers in the fast food industry alone -- many of whom make wages at or just above the current minimum wage -- are forced to rely on government assistance to the tune of almost $7 billion annually. Additionally, a recent analysis found that raising the minimum wage to $10.10 an hour would reduce necessary spending on food stamps by $4.6 billion annually.
Your evening news programs reach millions of Americans every night and frequently set the tone for how this issue is debated at the kitchen table, state legislatures, and the Halls of Congress. We urge you to correct this oversight and hope you will take greater action in the future to ensure that these programs tell the full story. We are happy to meet with you to discuss ways to make your minimum wage coverage more informative.
The full letter can be read below:
Fox News is providing ample, uncritical airtime to hype Representative Paul Ryan's (R-WI) report on the alleged ineffectiveness of government anti-poverty programs, despite condemnation from numerous economists that the report is misleading and inaccurate.
Coverage of Social Security in three major national print outlets relied on reporting figures in raw numbers devoid of relevant context -- such as previous years' figures -- that could provide a more accurate picture of the program's finances. These findings, calculated since July 2013, are consistent with a previous Media Matters analysis of print media's coverage of Social Security.