Say you’ve got a booming industry, one that already employs 2 million workers in the U.S. and is poised to add 1.3 million additional jobs by 2020. Imagine that the jobs cannot be off-shored, that the work helps decrease federal deficits, and millions of Americans depend on the industry just to get through their daily lives.
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.
“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.
Virginia legislators are considering several bills that would make it more difficult for eligible persons to cast a ballot that will be counted, and would impose large costs for implementation. One bill requires photo identification in order to vote, while others require one of an enumerated list of identification documents. If the voter does not have identification he must sign a sworn statement of his identity and then cast a provisional ballot.
How long do working mothers stay home after having their first child? If you guessed the answer might be 12 weeks (not an unreasonable assumption, since that’s the amount of time allotted by our national family leave law), you’d be sadly mistaken. According to recently released census numbers, a majority of mothers who worked during pregnancy go back before that, some way before. More than a quarter are at work within two months of giving birth and one in 10—more than half a million women each year—go back to their jobs in four weeks or less.
On Tuesday, December 13th, the Congressional Progressive Caucus unveiled the RESTORE the American Dream for the 99% Act. The bill, if passed, would create more than 5 million jobs and save more than $2 trillion. This is a comprehensive plan to put America back to work by reversing the failed policies of the past, which the “Super Committee” could not achieve.
Proof that when laws to protect peoples’ democratic rights are put into practice, they can have a major impact on bringing more voices into the political process.
The existence of the U.S. middle class is in peril. Young people between the ages of 18 and 34 are living in a more fragile economic environment than 30 years ago. If something isn't done to help them lead more economically stable lives, they'll never make it into the middle class.
That's the conclusion of a new report "The State of Young America" from Demos, a combination think-tank and advocacy organization based in New York.
Demos just released new comprehensive polling about the opinion of young adults. Politically the most interesting data point that stuck out for me is their finding that an overwhelmingly 68 percent of young people say it is harder for them to make ends meet now than it was four years ago. From the poll results:
Their employment prospects are dim, their debt is high, their lives are on hold and a stunning number are living with their parents, even into their 30s.
The jobs crisis and rising healthcare costs have left millions of young Americans without healthcare coverage but the health reform law is turning things around, according to a new report from the liberal groups Demos and Young Invincibles.
White youths are more pessimistic about their economic future than young minorities, though black and Hispanic youth are more likely to be in a worse financial position right now.
As President Obama dusts off his 2008 theme of “hope” in anticipation of his reelection campaign, he has a problem to get around: Among young voters, one of his most crucial constituencies, hope is, like, so yesterday.
I wrote last month about how the economy could shift the youth vote more toward a GOP candidate. A report out today by Young Invincibles and Demos, called "The State of Young America," finds that even though young people are still optimistic about their future, they are the first generation to be worse off than their parents in many respects.