(New York, NY) – Earlier this week, President Obama directed the Department of Labor to begin the rulemaking process for a fiduciary rule, a new regulation that would require financial advisors and brokers to act in the best interest of people saving for retirement. In the new explainer Why the Fiduciary Rule Matters, Demos Senior Policy Analyst Robert Hiltonsmith finds that this new regulation could save Americans nearly $25 billion from lower fees and translate into an additional $60 billion in returns.
In response to Walmart's announcement to raise the wage for 500,000 employees, Demos Senior Policy Analyst Catherine Ruetschlin issued the following statement:
Today, Vice President Biden and others from the Obama administration, are meeting with human-resource executives from companies that are part of the president’s effort to address the problem of long-term unemployment, including Citigroup Inc., CVS Caremark Corp. and Boeing
President Obama should sign a Good Jobs executive order to encourage contractors to improve workplace benefits and respect their employees’ rights to bargain collectively.
Workers at many of the nation’s largest and most profitable employers struggle to get enough work hours (and sufficiently stable hours) to make ends meet, making fair scheduling as important as raising wages for millions of workers.
Today, President Obama will sign an Executive Order that will encourage federal agencies to not contract with companies that violate labor laws, and require federal contractors to disclose any record of wage, labor and anti-discrimination law violations.
Embedded gender and racial discrimination and lack of bargaining power are major causes of not only low pay for home health care aides but for many of the country’s low-wage, fast-growing occupations.
This report presents new research on the scope of federally-supported employment in the private economy and shows how, using our over 1.3 trillion dollars in federal purchasing, the President of the United States can place over twenty million Americans on a pathway to the middle class.
(New York, NY) – Eight million workers rely on low-wage jobs supported by the federal government’s $1.3 trillion in annual spending on goods and services, a new report by the national public policy organization Demos finds.
With a Congress that will not act to support American workers and their families, it is more important than ever that [the president] take executive action to institute a Good Jobs Policy.
FAYETTEVILLE, Ark.--(Business Wire)--Sending a message to the Walmart heirs who control the company, a growing number of institutional investors, independent shareholders, analysts and advisors are raising concerns – and proposing changes – at Walmart’s annual shareholders meeting Friday.
NEW YORK, NY— A new report by the national public policy organization Demos reveals prevalent business practices in the retail sector such as low pay, erratic scheduling and scarcity of basic benefits are keeping millions of hard-working women and families near poverty.
With another stroke of his pen, President Obama can authorize an Executive Order mandating paid sick leave for the same federally contracted workers whom he just gave a raise to.
WASHINGTON, DC – Citing a recent report which found an alarming 1000-to-1 pay disparity between fast food CEOs and their front line workers, Senator Menendez again called on Securities and Exchange Commission Chair Mary Jo White to finalize its rule requiring publicly traded companies to disclose the ratio between the compensation of their CEO and median worker, as directed by Section 953(b) of the Dodd-Frank “Wall Street Reform Act”.
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(New York, NY) – As shareholders prepare for annual meetings, Demos released a new study today that finds that the fast-food industry has the greatest CEO-to-worker pay disparity in our economy, with ratios exceeding 1,000-to-1. The study finds that the growing disparity within fast-food threatens economic growth and shareholder investment.