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Two major stories of corporate misconduct toward employees hit the headlines yesterday: in the morning, low-wage federal contract workers filed a complaint with the U.S. Department of Labor alleging that more than 100 employees in the food court of federally-owned Union Station had been victims of wage theft—paid less than the minimum wage or denied overtime pay.
Eugenio Proto and Aldo Rustichini have written a new column for VOX in which they argue that once GDP per capita reaches a certain level, it actually begins to correlate with lower life satisfaction.
If you ask Cato's Michael Tanner, inequality is a non-issue for a bunch of reasons, including because it has nothing to do with unfairness. Tanner writes:
most wealthy Americans earned their wealth through talent and hard work. Roughly 80 percent of millionaires in America are the first generation of their family to be worth that much — they didn’t inherit their money.
As the White House prepares to launch a major economic opportunity effort, record high unemployment among black and Latino youth underscores how essential it is to create job opportunities for young people of color.
The critical issue here is that the ages of 16 to 24 are make or break years for lifelong earning potential. With one out four blacks and one out of six Latinos under the age of 25 without work, a generation of youth of color risks falling behind.
One line of attack on a minimum wage hike is that it's small potatoes -- and further testament to the intellectual poverty of liberalism. As Marco Rubio said recently, speaking of both the minimum wage and other Obama proposals:
Miles Rapoport, who led Demos through a period of extraordinary growth as President, will step down on March 10th to become the President and CEO of Common Cause, a grassroots organization dedicated to restoring the core values of American democracy.
"Demos has never been a job. It has been a mission, a family, and an organization that has grown to have national reach."
Staging imaginary competitions between cities and their elected leaders certainly makes for catchy headlines: “Step Aside, New York City. Los Angeles's Populism Is for Real” asserts the title of Nancy L. Cohen’s recent piece in the New Republic.
Today's progressive coalition -- the one that elected Obama twice and just put Bill de Blasio in power -- looks a bit like a barbell: Lots of poorer voters on one side and lots of highly educated professionals on the other. Obama won the high school dropout vote by a landslide and also won post-grads by 13 points -- but lost to Romney among voters with a college degree. Likewise, de Blasio commands strong support among the upper middle class and the poor alike.
Let's say that we could wave a magic wand and get rid of all private spending on elections and campaign activity tomorrow. And then, the day after tomorrow, stymied conservative billionaires and corporate donors put their money into strengthening right-wing media outlets -- while progressive donors put their money into left-wing media.
Would money have any less influence over public policy outcomes in this new world?