Without the Consumer Financial Protection Bureau, lenders preying on communities of color would continue to pull in windfall gains, while widening the racial wealth gap and undermining the precarious financial stability of vulnerable households.
This week we're bringing you a deep dive into how an intersectional approach to money in politics brings new voices to the movement and helps those who are most harmed by big money politics take a stronger leadership role within the movement to stop it.
Amy Traub for Demos: If you want to make crime pay — and get a lighter penalty if you're caught — you're better off cheating your employees out of their fair wages than trying to nick the latest video game console or pair of designer shoes off the shelves of your local retailer. [...]
This difference stems largely from the historical advantages built into whiteness, and the severe historical economic cost of blackness. Many of these advantages were covered in the Demos and IASP report titled "The Asset Value of Whiteness."
The American Society of Civil Engineers gives America’s infrastructure a D+ grade. No doubt, if they focused on just the infrastructure serving majority African American communities, America’s “black infrastructure” would receive a failing grade. A key purpose of racial segregation is to allow the dominant group to under-invest and under-develop the infrastructure serving the minority group. [...]
"From coast to coast, American families are trapped between the need to provide care for their young children or sick loved ones and the necessity of earning income. Our nation has a responsibility to address this crisis, and yet, the Trump administration’s proposal falls far short. An adequate plan would provide paid leave to working people recovering from temporary disability, offer at least 12 weeks of paid leave to new parents, and enable Americans caring for aging parents to take leave as well.
Our analysis shows Trump accelerated a realignment in the electorate around racism, across several different measures of racial animus—and that it helped him win. By contrast, we found little evidence to suggest individual economic distress benefited Trump. [...]
Supporters of a higher minimum wage, however, remain undeterred. "Wal-Mart's business model is pretty simple," said Amy Traub, an associate director of policy and research at equality advocacy group Demos, at a recent debate hosted by Intelligence Squared U.S. (IQ2) in New York.
To win over and mobilize the public, social justice advocates must articulate what we’re for, not just what we’re against. The American people deserve better than what’s currently on offer from team Trump, but for many, the status quo also falls short. If progressives are to fulfill one of our core principles—the use of public policy to improve the lives of those left out or underserved by the market economy—we need a simple, plausible plan that excites people. Two key components of that plan are Medicare for All and a guaranteed jobs program. [...]
Trumpcare is dead. President Donald Trump is humiliated and so is House Speaker Paul Ryan. The Democrats can hardly believe their luck: The Republicans have hobbled their own agenda, while Obamacare, aka the Affordable Care Act, lives to fight another day. But unlike the law’s previous brushes with death—most notably its bruising encounters with the Supreme Court in 2012 and 2015—this latest example of its resilience represents a turning point, if Democrats choose to seize the opportunity.
In a new report, “Asset Value of Whiteness,” Demos and the Institute on Assets and Social Policy take a deep dive into the intrinsic link between racism and capitalism; specifically, how whiteness infests the so-called American dream and renders it inaccessible to anyone who doesn’t meet the pre-selected criteria.
A new report out this morning called The Asset Value of Whiteness: Understanding the Racial Wealth Gappurports to shatter traditional explanations for the lack of financial progress in African American and Latinx households as compared to white ones in the U.S.
Next week, Washington, D.C.’s municipal government will vote on new legislation that, if enacted, would guarantee people working in the District up to 11 weeks of paid leave to care for a new baby or child. But this is just the latest in a string of state and local governments taking action to address the needs of working parents and their families.[...]
President-elect Donald Trump has made it clear that he wants to repeal President Barack Obama’s signature climate policies—the Clean Power Plan and the Paris Agreement on global emissions reductions. If he is successful, we will need a Plan B that the Republicans cannot obstruct. That means turning to states and cities, and in a big way.
The D.C. Council is considering a bill that would bar businesses from performing credit checks on job applicants. Supporters of the legislation say credit histories can be inaccurate and indicate little about workers’ character.[...]
“Our research shows poor credit more often tells a story of personal misfortune far more convincingly than one of poor work habits,” says Amy Traub, a senior policy analyst at Demos.[...]
According to the Demos report, credit checks were never intended to be used for hiring.