The system is profitable but imperfect, and for decades critics have attacked it for all sorts of offenses. In 1969, Columbia University legal scholar Alan Westin testified to Congress that the companies violated Americans’ right to privacy and that their inaccuracies damaged lives.
The ink had barely dried on the recommendation issued last month by New York Gov. Cuomo’s Wage Board — calling for a $15 minimum wage in the state’s fast-food industry — when corporate special interests in New York began sounding the alarm.
In the 2016 presidential election, we are approaching a singular and momentous crossroads in our nation’s history. Will we, or will we not, make a serious effort to achieve a low-carbon future for our children and our planet? The fossil fuel magnates and the GOP say no, because we can’t or shouldn’t, but more than 75 percent of Americans want our leaders to take significant steps to fight climate change, according to a poll released in January 2015 by the New York Times, Stanford University, and Resources for the Future.
Given how tough it can be for many people to save for retirement, it’s unfortunate that some companies make it even more difficult. But a large number of 401(k) plans do just that by imposing high costs and offering subpar investment choices.
In 1965, CEOs made about 20 times as much as the average worker. By 2013, they made about 273 times as much. And CEOs of fast food companies made about 1,200 times as much as the typical fast food workers, according to a 2014 report by Demos, a public policy organization in New York.
Millennials have an average credit score of 625 (based on the Experian VantageScore 3.0 credit score), compared to 650 for Generation X and 709 for those over 50 years old. They also use an average of 43 percent of their credit limits—compared to 34 percent nationally—and their average debt (excluding mortgages) totals 77 percent of their income, compared to 49 percent nationally.
The use of credit reports prevents people from getting jobs they are qualified for and "can have a discriminatory impact," Amy Traub, senior policy analyst at Demos, a left-leaning think tank said. "Our research shows credit reports don't provide information that is actually useful for employers, don't show who is going to be a trustworthy or reliable and does not prevent theft or fraud."
Raising the minimum wage at least somewhat is a wildly popular idea for most Americans. According to a January 2014 Pew poll, 73 percent of Americans—including 53 percent of Republicans—supported raising the minimum wage from its current level of $7.25 to $10.10 an hour.
...while fast food may be an extreme case, it is hardly the only industry – in New York or nationwide – where front-line workers are underpaid and inequality is metastasizing. In fact, our economy is increasingly built on job growth in the most unequal industries: a trend that concentrates more and more income at the top and makes it even more difficult for working people to share in the benefits of economic growth.
That’s why the push to raise wages won’t stop with fast food –or with New York.
No one gets a job as a retail cashier or shopping assistant to get rich.
While the retail industry is known for its paltry pay across the board, skin color has an alarming influence on how many raises and promotions a worker receives.
White retail workers earn $15.32 an hour, on average, while African American and Latino retail workers average less than $11.75, according to a recent analysis of government data by NAACP and Demos, a left-leaning think tank.
The reason is simple: white workers are mor
The fast food industry is the main driver of compensation inequality in the most disparate sector of the economy, with a CEO-to-worker pay ratio in 2013 of over 1000-to-1.
Getting poor, minority children hooked on junk food is just one way the fast-food industry is getting over on us. Workers in the fast-food industry get paid among the lowest wages of any occupation. In New York, most fast-food occupations pay an average of around $9.00 an hour. This is why, as a recent study from the University of California-Berkeley reported, seven billion dollars per year are spent nationally on public assistance programs for fast-food workers.
Nine dollars an hour, by the way, is still poverty wages. On that wage, if an employee were working 40 hours per week every week of the year they would make just under $19,000 per year -- still below poverty.
A new paper from the think tank Demos and the NAACP examines race in the retail industry, finding major inequities between black and Latino workers on the one hand and their white counterparts on the other.
More than 1.9 million Black Americans work in retail, accounting for 11 percent of the industry’s total workforce. Despite being the second-largest source of employment for Black workers, new data from the NAACP and equality advocacy organization, Demos, finds that the industry is rife with racial inequality and poor earning potential.
A recent study released by public policy group Demos and the NAACP found that retailers pay black and Hispanic full-time salespeople just 75 percent of what they pay white employees in the same positions. When it comes to cashiers, black and Hispanics make about 90 percent of what their white colleagues earn.
Currently, there are 10 million non-Hispanic whites, 2. 3 million Hispanics, 1.9 million African Americans and 800,000 Asian workers in the retail industry.
The rising cost of attending college has had a serious impact on the finances of most students and their families, but the burden has been distributed unequally.