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Here's what has been so great about having wealth over the past two decades: not only has it been easy to make lots of money from investing that wealth, but taxes have hovered near a historic low on capital gains and stock dividends. So those with assets to deploy have been getting a twofer: High
Blog
David Callahan
The American economy overall is ferociously unequal, but some sectors are more unequal than others. A new study from the left-leaning think tank Demos looked at CEO-to-worker compensation ratios across the labor force in an attempt to determine where inequality is most concentrated. The answer
In the media
Ned Resnikoff
David Novak is the chief executive of Yum! Brands, the parent company that runs Pizza Hut, Taco Bell and KFC. Last year, while Yum! Brands and other restaurant companies lobbied against raising the minimum wage, Novak made at least $22 million—more than 1,000 times what the average fast-food worker
In the media
Zoë Carpenter
It's no secret that American consumers are fed up with the quality of service they get from any number of retail and restaurant establishments. Going to a fast food joint is especially unpleasant, as Demos documents in its new report, Fast Food Failure.
Blog
David Callahan
States have disinvested in public higher education and students have been stuck paying the tag.
Blog
Mark Huelsman
In 2013, student debt surpassed $1.2 trillion,1 highlighting a disturbing new reality: for an increasing share of students, higher education comes at the cost of long term debt. In 1989, 41 percent of graduating college seniors left school with student loan debt, which averaged $26,600. By 2012, two
Policy Briefs
Executive pay has risen dramatically—both in absolute terms and in relation to median wages—across the last generation. The spike in executive salaries is both a key driver of inequality at the top end of the income spectrum (about half of the “1 percent” are executives or managers at non-financial
In the media
Colin Gordon
In response to yesterday’s Supreme Court ruling, which upheld a Michigan state law banning the consideration of race or ethnicity as a factor among state college admissions, Demos President Heather McGhee issued the following statement: The country should be recommitting to diversity and inclusion
Press release/statement
The news has not been kind to the fast food industry over the past few years. From labor strikes to claims of wage theft, companies like McDonald's and Burger King have taken increasing criticism for treatment of workers and their low wage jobs. Now a new report from New York-based think tank Demos
In the media
Eric Reed
This week, Apple loudly touted its fealty to environmentalism, rolling out an updated website on what it's doing to be a greener company and playing up its progress in reducing its carbon footprint and removing toxins from its products. This blitz included expensive full-page newspaper ads in places
Blog
David Callahan