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Today’s prolonged economic slump is fundamentally different from an ordinary recession. In the aftermath of a severe financial collapse, an economy is at risk of succumbing to a prolonged deflationary undertow. With asset prices reduced, the financial system damaged, unemployment high, consumer
Policy Briefs
New Mexico’s current political leadership is undoing state and regional policies to reduce greenhouse gas emissions even as the risks posed by global warming to the state’s economy and population become more evident.[1] Experts foresee even more difficult problems in the future unless steps are
Research
Chicago’s infrastructure is in need of a major upgrade, but so are are its dwindling finances. Mayor Rahm Emanuel doesn't want to raise taxes, nor look towards Washington, D.C. or Springfield to cover the costs of repairing and upgrading the city's infrastructure.
Blog
Ilana Novick
Blog
Tova Wang
On a talk show this past Sunday, Walmart worker Greg Fletcher spoke about the realities of struggling to provide for his family on the company's infamous low wages. David Frum, a conservative columnist at Newsweek, pointedly asked Greg whether he got the Earned Income Tax Credit, a tax refund meant
In the media
Annette Bernhardt
FORTUNE -- Thousands of Wal-Mart employees won't be pushing away from the Thanksgiving meal today to visit with family, watch football, or even clean the dishes. Instead, they'll be heading to work to welcome bargain-hunting shoppers.
In the media
Elizabeth G. Olson
In early October, billboards began appearing saying "Voter Fraud is a Felony!" punishable by up to 3 1/2 years in prison and fines of $10,000. The billboards only appeared in low-income, minority areas.
Blog
Tova Wang
“Black Friday” sales are debt traps for people to rush out and buy on credit. But we can fix this on both the wage and profit ends of the continuum. It’s not that complex a fix, but it requires seeing our country as a whole, as one people who rise and fall together. We can fix this whole mess and
In the media
Susan Brooks Thistlethwaite
It’s the biggest shopping season on the calendar and retail companies are expecting hundreds of billions of dollars in sales.
Blog
Catherine Ruetschlin
Demos has some figures for thought in How Raising Wages Would Benefit Workers, the Industry and the Overall Economy. Here's a summary of the study from Demos:
In the media
Dan Crawford