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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
In the media
Amy Traub
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
In the media
Shannon Pettypiece
Rhonda Smith
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.
Blog
Liz Kennedy
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.
In the media
Helaine Olen
Harold Pollack
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
In the media
Teresa Ghilarducci
Hamilton James
Now that’s a holiday gift! On Tuesday, NYC Mayor Bill de Blasio announced that approximately 20,000 employees of New York City would be guaranteed paid parental leave—giving mothers and fathers critical time off to bond with a new baby, adoptee, or foster child without giving up a paycheck.
Blog
Amy Traub
Unfortunately, more and more retirees are falling into debt at the exact point in their lives when they should be free from financial worries. Whereas older people paid off their mortgages in generations past, now nearly half of all senior citizens still owe a house note.
In the media
Lynnette Khalfani-Cox
But for many, even landing a job was not enough to make ends meet: of those 5 million job openings, nearly half paid less than $15 per hour, leaving only 2.7 million that paid $15 or more per hour. And for workers able to secure only part-time employment, wages were even more inadequate: in 2014
In the media
Amy Traub
The economic recovery, officially underway since June 2009, is still leaving millions of working Americans behind.
Blog
Amy Traub
As Black Friday approaches, retailers nationwide are waiting anxiously to see whether the nation’s busiest shopping day will deliver a boost in profits. But perhaps no company has more at stake than Walmart, the shopping behemoth that was the world’s largest retailer until Amazon supplanted it in
In the media
Amy Traub