Owning a home, then equal pay for equal work, and then having a college degree are the three factors that can make the biggest difference in closing the racial wealth gap, which is how non-whites in America are vastly less wealthy than most whites.
If blacks and Latinos owned homes as widely as whites, then median black household wealth would grow by $32,113, and median Latino wealth would grow by $29,213, a new study by Demos, a progressive think tank, and the Institute for Assets and Social Policy at Brandeis University has found.
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When discussing race, the conservative argument is best expressed by the famous words of Chief Justice John Roberts: “The best way to stop discrimination on the basis of race is to stop discriminating on the basis of race.” Translation: America has done bad things in its history, but those bad things are gone now, so we should move past those horrors and look forward.
Conservatives believe that if blacks and Latinos simply work hard, get a good education and earn a good income, historical racial wealth gaps will disappear.
The median white household has $111,145 in wealth holdings, compared to $7,113 for the median black household and $8,348 for the median Latino household, according to a recent study called The Racial Wealth Gap: Why Policy Matters. [...]
On Labor Day, let’s all take a moment to thank our bosses for the rights and benefits they have so generously granted us.
Oh wait, that’s right. Decent wages and working conditions were never gifts. Workers organized, fought, and in many cases died for each and every improvement in our working lives. And workers are fighting today—to protect the rights we’ve won, and to advance new and needed labor laws.
Several weeks ago Brooklyn District Attorney Kenneth Thompson agreed to be a guest on my City University television program. A few days later his office called to say he was ill and would have to reschedule.
What to do when the leader of your party faces unprecedented ethics challenges, including being in violation of the Constitution’s prohibition on payments from foreigners the day he becomes President?
Our research shows that state and local policies shielding immigration status information are generally permitted. Local law enforcement’s refusal to honor federal immigration detainer requests is also permitted and may even be required to avoid liability for constitutional violations.
Nuestras investigaciones demuestran como las normas estatales y locales que protegen a información sobre el status migratorio de la gente son generalmente permitidas. Por parte de la policía local, la denegación de honrar a solicitudes que detengan a los inmigrantes, también es permitida y aún puede ser requerida para evitar violaciones de la Constitución.
In a scary indication of just how far Republicans will go to carry water for Donald Trump, high-level party figures are now trying to bully the head of the U.S. Office of Government Ethics.
En los primeros días de la administración del Presidente Trump, nuestra nación ya ha sufrido un ataque directo en contra de nuestra democracia. Sus peligrosos planes de emitir Órdenes Ejecutivas anti-inmigrantes amenazan destruir nuestra base como una sociedad libre.
It is with great sadness that we announce the passing of Senior Fellow Wallace C. Turbeville, a beloved member of the Demos family since 2012. Wallace “Wally” Turbeville was among our country’s most respected and influential thought leaders and advocates for systemic financial reform as a core fight in the struggle for economic and racial justice.
Doing “everything right” — making all the optimal life choices to build wealth and get ahead, despite obstacles — is still not enough for black and Latino households to accumulate as much wealth as their white counterparts.
You can be sure that communities are fighting back against the far-reaching, multi-headed, xenophobic and draconian first wave of Trump’s immigration enforcement apparatus. Everyone who believes in equality and justice can assist in this community-led battle for the soul of our democracy.
Last week I had the privilege of testifying before the Senate Judiciary Committee about President Trump’s Supreme Court nominee, Judge Neil Gorsuch. Wth the Court split four-to-four on so many critical issues, the stakes couldn’t be higher.
But even beyond issues, what’s at stake with this nomination is the very shape of our democracy: the way we make decisions about everything from who gets health care to whether working families will live in poverty—and whose voices are heard in that process.
With so many eventual graduates starting at community colleges, we should take a hard look at institutional aid policies, which reward incoming freshmen much more than transfer students.
