While the attention of Connecticut's legislature has been occupied by the recent budget battles, an even larger crisis has been brewing: retirement security.
We are seeing the results of a radical shift in employer-provided retirement benefits. In the past decade, the percentage of private-sector Connecticut workers whose employer offers a retirement plan has fallen from 68 percent in 2001 to 58 percent today, effectively shutting nearly 650,000 workers out of any workplace retirement plan to supplement Social Security.
And while the quantity of benefits was declining, the quality of those benefits was deteriorating as well.
Some youngsters want to grow up to become artists or athletes or firefighters. Some want to be doctors or dancers. Charles Walker wanted to own a supermarket.
“Ever since I can remember, I wanted my own grocery store,” he said over lunch on a quiet afternoon in snowbound Detroit last year. To Walker, “grocery store” meant a gleaming, well-run supermarket, not necessarily huge but well stocked and scrupulously clean, with fresh meats and produce and first-class customer service.
State government should offer a retirement plan to the increasing number of people whose companies don't provide a pension or a 401(k) savings program, labor groups and other advocates this week told a legislative panel.
The Labor and Public Employees Committee has raised a bill that would create a task force to study that concept and report back when the 2013 General Assembly session convenes next January.
A few weeks ago, Desmogblog.com released a series of internal documents from the Heartland Institute, one of the leaders of the climate denial movement, which shows the Institute’s strategy for pushing their climate denying message.
“It’s a disgrace that this is happening in a country as rich as ours,” former New York Times op-ed columnist Bob Herbert said, describing what he called a “massive employment crisis” in the U.S.
Herbert, a Distinguished Senior Fellow at the economic equality think tank Demos, delivered his lecture on “A Call to Civic Engagement” as part of SIPA’s Weston lecture series.
Job-seekers beware — whether you're applying to do maintenance work in Denver, telephone tech support in Littleton, plumbing in Fort Collins, work as a home care aide in Aurora, or even just scoop frozen yogurt in Colorado Springs — there's one qualification you'll need regardless of your skills or ability to do the job: good credit.
Unemployment and underemployment persist even in the best of times, as workers “churn” through the labor market seeking better opportunities and higher wages. But this is not the best of times, and the unemployment and underemployment faced by young people today is not pushing us toward better opportunities. Rather, it holds us back from achieving our productive potential and puts other concerns – like starting a family or buying a home – on the backburner.
This is the second interview in the Black History Month series Perspectives on Black Politics in the Age of Obama. It has been selectively edited for print, but the full audio will be available at wbai.org. It is being published as a joint HuffPost Politics and Black Voices project.
This is the first interview in the Black History Month series "Perspectives on Black Politics in the Age of Obama." It has been selectively edited for print, but the full audio will be available at wbai.org. It is being published as a joint HuffPost Politics and Black Voices project.
The fifth annual MetLife survey of American value ideals shows a significant shift from prioritizing achieving professional success and material wealth to having a greater sense of personal fulfillment, particularly among younger generations. Millennials preferred a sense of personal fulfillment over having enough money by a margin of 28-20. Nearly a third of Millennials surveyed thought it was more important to have close family and friends than a roof over their heads.
The 2011 fourth quarter GDP numbers released today show a 2.8 percent growth in economic activity, due in part to the increase in spending around the holidays. But, what do GDP numbers really show? A new report from Demos, Beyond GDP, looks at the flaws in our dependence on GDP as the sole measure of progress and highlights important economic and social measures that are not captured by GDP.
It’s not often that good news comes out of Washington. Today is an exception: the Obama Administration is expected to deny TransCanada’s Keystone XL tar sand pipeline application.
we have to constantly ask a fundamental question: what is our economy for? What is the purpose of the game and therefore, what principles should guide the rules we set?
The constitutional challenge to the 2010 Affordable Care Act (ACA) draws much of its rhetorical force not from the Commerce Clause, but from the perception that the insurance mandate infringes on individuals’ private liberties.