Employees would likely contribute less to IRA accounts
If the proposal passes, there is a strong indication that U.S. workers will either shift their savings to Roth Individual Retirement Account (IRA) accounts, where contributions are taxed immediately or employees and employers will contribute less for retirement.
Another solution — though one that is often a struggle to achieve — is to unionize, which has worked before in industries like teaching, policing, and manufacturing. “If retail workers were able to organize strong unions across the country, there’s no reason retail jobs couldn’t be good jobs like manufacturing jobs,” Amy Traub, Associate Director for Policy and Research at public policy organizationDemos, tells Bustle.
From the day he launched his campaign with dire warnings about border-crossing “bad hombres,” Donald Trump has preyed on some Americans’ worst biases around immigration. Trump has since exhorted Congress to allocate tens of billions of dollars for a border wall, stepped up arrests of immigrants, separated Latino children from their parents, and pushed to expedite deportations. [...]
On August 31, Federal District Judge Amos Mazzant of Texas issued a ruling striking down the U.S. Department of Labor’s update to federal rules on overtime pay. Demos Associate Director of Policy and Research Amy Traub released the following statement:
August 2, 2017 (New York, NY) – In response to reports today that the U.S. Department of Justice plans to investigate higher education institutions’ affirmative action policies, Heather McGhee, President of Demos and Demos Action, issued the following statement.
Methodology: Demos sponsored an online survey among 1,536 registered voters, conducted June 5 to June 14, 2017. The research included a base sample of registered voters and, for deeper analysis, oversamples of working-class African Americans, working-class Hispanics, working-class white Obama-to-Trump voters, and progressives, defined as people of all races who identify as extremely or somewhat liberal. The data in this survey is weighted by standard weights to make it fully representative.
In a recent study, I compared the damage from shoplifting with that from just one form of wage theft, the failure to pay workers the legal hourly minimum.
The California legislature is pushing its own ambitious legislation, and is one of several Western states teaming up with Canadian provinces to collaborate on climate solutions. Many now see New York, and the CCPA in particular, as presenting the next opportunity for promising state-level action.
Today, with health coverage for maternity care threatened, child care costs outstripping the price of college tuition, and nearly a quarter of new mothers forced to return to work two weeks or less after giving birth, we are making it extraordinarily difficult for anyone but the ve
It's one of the biggest financial decisions you'll ever make: choosing what to do with your 401(k) at retirement. That account may be the largest asset you will rely on for income in later life. You could leave it where it is or roll the money to investments inside an IRA. The right decision could give you hundreds of thousands of added dollars over a 30-year retirement. [...]
Washington, DC – Less than a day after his first nominee for Labor Secretary, Andrew Puzder, withdrew his name due to unprecedented opposition from workers, legislators and advocates, President Donald Trump announced his new choice to run the Department of Labor, Alexander Acosta. Tamara Draut, Vice President of Policy and Research at Demos, issued the follow statement:
The throngs of protesters who attended the Women’s March on Washington, and who continue to demonstrate at airports, town halls, and on city streets around the country, have made clear that opposition to Donald Trump’s radical Republican agenda will be sustained and powerful. But to earn the trust of the majority of Americans who reject Trumpism, Democrats will have to go beyond simple resistance. They’ll have to show that if voters restore them to power, they’ll actually improve the lives of working families. [...]
Women workers can keep the pressure on city- and state-level legislators ahead of the 2018 midterm elections.
"Find out what your city council is doing in terms of a fair working wage, paid leave, and paid sick days. Get those on the agenda. That is a lever that is much easier to influence."
The greatest challenge facing President-elect Trump is following through with his campaign promises to raise the living standard for working-class Americans and bring back manufacturing jobs.
Happiness is a lot easier for those paid a fair wage, which apparently is not what many federal contractor employees get.
In a complaint filed Monday with the Labor Department’s Wage and Hour Division, the Communications Workers of America (CWA) said the Lionel Henderson Corp. “has misclassified and underpays workers” who are customer service representatives for the National Flood Insurance Program.
[...]As the next CEO of America, Mr. Trump can turn his promise into policy. In his first 100 days in the Oval Office, Mr. Trump should sign an executive order to make sure that the $1.3 trillion in taxpayer-dollars our Government spends annually rewards corporations that create "more jobs and better wages" for Americans.