Millions more workers could soon be making more money thanks to overtime changes the Obama administration announced today.
Starting December 1, the regulations being issued by the Labor Department would double the threshold under which salaried workers must be paid overtime, from to $47,476 from $23,660.
This rule is part of the patchwork of changes on the national, state, and even municipal level to raise wages for workers that have small businesses and large corporations figuring out how to balance the books, by either cutting workers or raising prices.
It’s not every day that low-paid workers — cleaners mopping the floors of Washington’s Union Station, vendors selling pretzels at the National Zoo, servers dishing out hot lunch at congressional cafeterias — speak out and win a voice in setting national policy. Yet three years ago, that’s exactly what began to happen.
In May 2013, workers employed by private companies under contract with the federal government came together to form Good Jobs Nation – and walked out on strike in the nation’s capital.
Today, the working class are most likely to work as caregivers, retail workers, cashiers, fast food workers, and janitors. How are the working class movements such as “Fight for $15” minimum wage shifting the political and economic landscape? Join the conversation, on the next Your Call, with Rose Aguilar, and you.
Each year, Demos recognizes leaders who are transforming America. From #BlackLivesMatter to Amy Poehler to Rashad Robinson, we have honored the people, organizations, and movements that are challenging our country to live up to the true meaning of democracy: a place where all Americans have an equal say and an equal chance.
In this election season, reining in Wall Street is clearly a burning issue for many voters. The passion for Wall Street reform is closely wrapped up with working class anger and anxiety driven by wage stagnation and economic insecurity, all within a climate of accelerating wealth and income inequality.
How much should I save for retirement? How much should I increase my contributions when I get a raise? Should I save in my firm’s 401(k) or a personal IRA? Which investments should I choose?
For many of us, making the right choices when navigating the bewildering world of investing for retirement can seem nearly impossible. We know that correctly answering these and other questions that arise when investing for retirement are the keys to a comfortable living during our golden years, yet it often feels as if we’d need a finance degree to do so.
Politicians refer to American exceptionalism as a way of pointing out how special is our country. I recently returned to work following three months of paid leave to take care of a very exceptional newborn boy. Having the opportunity to bond with my child is an exceptional experience in the American labor force.
This exceptionalism Americans shouldn't be proud of.
Under New York’s proposed paid family leave law, businesses won’t pay anything for the new family leave benefit. The program would be funded entirely by a small payroll deduction from each worker in the state. An insurance provider will pay the benefits out to workers.
It’s certainly not the most progressive way to fund a new public benefit, but one thing it’s not is a burden on businesses.
Paid family leave is finally gaining steam in the United States. President Obama and the Democratic presidential candidates universally embrace the idea. And while a conservative Congress may stymie federal action for years, states from New York to Colorado to Oregon are moving toward implementing their own family leave insurance systems, building on the success of policies already in place in California, New Jersey and Rhode Island.
Amy Traub, senior policy analyst at Demos, a public policy organization, told the Public News Service that the vast majority of people who work in New York would benefit from paid family leave.
Today more than a hundred New Yorkers from a host of organizations will descend on Albany, calling on their elected officials to finally guarantee paid family leave to working people statewide. They’ll argue that for too many New Yorkers, bonding with a new baby or tending to a loved one who is seriously ill is impossible without missing a much-needed paycheck. And the numbers back them up.
Seven years ago today, the Lilly Ledbetter Fair Pay Act became the first piece of legislation that newly-inaugurated President Obama signed into law. The law restored protections against pay discrimination that had been restricted by a recent Supreme Court decision, making it easier for working people to hold their employers accountable for discriminatory compensation.
But as Demos senior policy analyst Amy Traubpoints out in a blog post on Friday, "[b]eing paid less for doing the same job is just one aspect of the pay gap."
America’s growing inequality is well-documented. Less discussed is its intersection with another of the country’s defining trends, growing diversity.
Racial disparities in wealth are vast. And addressing inequality now and in the years ahead, means thinking seriously about the racial wealth gap and the steps we can take to ameliorate it.
Amy Traub, senior policy analyst at Demos, a New York-based nonpartisan public policy research organization, told Bloomberg BNA Jan. 20: ‘‘It’s really striking the way the growing protests we’ve seen by Wal-Mart workers, and increasing public pressure, has really pushed the world’s largest employer to raise wages and improve [work] schedules. It’s a huge victory for Wal-Mart workers [and] will ultimately benefit the company itself as employees have increased buying power.’’
Friedrichs v. CTA, is ostensibly about one teacher’s right to not join her teachers union, but that choice is already available to any worker everywhere in America. This case is really just another attack on workers’ ability to join together and make their voices heard.
Robert Hiltonsmith, a researcher at the think tank Demos, has estimated that the average household loses $155,000 in potential gains as a result of unnecessary fees.
Last month, President Obama inaugurated yet another way to encourage Americans to save for retirement. In the new myRA accounts, workers can save up to $15,000 in a low-fee investment plan that, like a government savings bond, guarantees the principal. The accounts are a small step toward helping households save, but they are not an effective solution to the coming retirement crisis.
Starting in 2020, the numbers of very low-income elderly will rise sharply as the retired population soars to almost 56 million.