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How and why large financial institutions damage the middle class even if there is no financial crisis.
Blog
Wallace C. Turbeville
Black Friday has heaped new pressure on big box stores to bump up worker pay, with a group of Walmart employees plotting a walkout on the country’s biggest shopping day and the think tank Demos releasing a study Monday that touts the benefits of higher wages.
In the media
Josh Boak
The right to vote is just that – a fundamental right which is the cornerstone of American democracy. In the 2012 election, that sacred value was challenged in a way we have not seen in a couple of generations.
Blog
Tova Wang
Baby boomers are the first generation in American history to be entering retirement saddled with debt, including unpaid balances on credit cards. The financial crisis in 2008 that sent the economy into a recession crippled many baby boomers’ retirement accounts, forcing many to stay in the workforce
In the media
Roman Shteyn
Henry Ford famously decided in 1914 to pay many of his workers the then incredible sum of five dollars a day, which was substantially higher than the prevailing wage at the time.
In the media
Bob Herbert
There have been a number of news stories about the closing of Hostess’ factories and plans to liquidate the company in the wake of the refusal of one of its unions to accept reductions in pay and benefits and other concessions. It appears as though this will leave Hostess’ 18,000 workers without a
Blog
Dean Baker
The financial industry is coming under growing scrutiny for its shady involvement in student loan debt.
Blog
Tamara Draut
The price paid by American families for the reckless greed of Wall Street has been well documented and includes severe losses of household wealth – more than half for African American families and two-thirds for Latino families – due to the decline in housing values and employment. The Great
Blog
Lisa Lindsley
NEW YORK -- With $4 trillion in annual revenue, over 15 million employees and projections to be one of the largest sources of new jobs in the next decade, the retail sector plays a vital role in the economy, wielding great influence over the living standards for many Americans.
Press release/statement
British Petroleum announced that it had reached a resolution with the Department of Justice over the Deepwater Horizon disaster that released nearly 5 million barrels of oil into the Gulf of Mexico.
Blog
J. Mijin Cha