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Economic inequality in the U.S. can be quantified in all sorts of ways. The 1 percent account for almost 40 percent of the country’s wealth.
In the media
Susan Berfield
David Novak, the CEO of YUM! Brands, which owns Taco Bell and KFC, took home more than $22 million last year after exercising stock options, according to proxy statements. The average full-time fast-food worker, by comparison, would have made about $19,000 on the year. [...]
In the media
Dave Jamieson
( New York, NY) – Today, national public policy organization Demos will release a new report examining the latest CEO-to-worker compensation ratios of the largest publicly traded fast food companies and shows that the fast-food industry has the greatest pay disparity in our economy, with ratios
Press release/statement
Shantel Walker has been working on and off for Papa John’s pizza since she was in high school. The 32-year-old New York City resident says that over her 15 years at a Brooklyn outlet of the Louisville, Ky.-based pizza chain, she’s received only two raises that weren’t mandated by federal or state
In the media
Angelo Young
Fast food CEOs were paid more than 1,200 times the average fast food worker in 2012, according to a new study released Tuesday by Demos, a public policy group. On a conference call to discuss the report New York City Comptroller Scott Stringer said such a wide income disparity could affect the city
In the media
Alison Fox
Is reducing inequality a lost cause? It can sure feel that way given what's happened in the past few decades: Like two billion new workers showing up in the global economy ready to work at a fraction of the pay of American workers. Or advances in technology and communications allowing corporations
Blog
David Callahan
Dear Mr. President:
Testimony and Public Comment
Project Vote
A sudden change of fortune for 32,400 Detroit pensioners in the city’s historic bankruptcy — from the threat of draconian pension cuts to a modest reduction in lifetime benefits — could face mathematical scrutiny as the case proceeds, experts say. In just 10 months, Detroit Emergency Manager Kevyn
In the media
Chad Livengood
U.S. Bankruptcy Judge Steven Rhodes last week approved an agreement that has the city of Detroit paying $85 million to escape a disastrous interest-rate swap deal with two banks. Detroit Emergency Manager Kevyn Orr, for one, applauded the decision. “Today’s ruling is a victory for Detroiters that
In the media
Curt Guyette
Vishaan Chakrabarti has a great op-ed yesterday that asks a question that we've asked here before: Why does our government so heavily subsidize the suburbs when urban living makes more sense: environmentally, economically, and culturally?
Blog
David Callahan