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The missing link in the inequality debate is not financial stability, but financial domination of the broader economy, what has come to be called “financialization.” Financialization, as a new Demos report demonstrates, is not only measurable by risk and volatility or by the mere expanding volume of
In the media
Wallace C. Turbeville
Black culture and the role racism plays in black American history are discussed at length in the national dialogue around race relations. We regularly debate use of the “n-word,” for example, and the impact of historical racism on outcomes for black Americans.
In the media
The lack of retirement security for middle-class and low-wage workers is a growing crisis that Washington has refused to address, even though it demands immediate attention.
In the media
Letitia James
Bill Samuels
[...] "You are in a Catch-22," said Emmanuel Caicedo, a senior campaign strategist with Demos, one member of a coalition of 79 labor and civil rights organizations that formed the NYC Coalition to Stop Credit Checks in Employment. "You can't pay your bills and so your credit is bad. And then you can
In the media
Jeff Mays
Gender Pay Disparity is Particularly Stark for Women Retail Workers and Women of Color
Press release/statement
Middle class income stagnation, and the inequality that it causes, is the principal economic challenge for the nation — and finance is to blame for it.
In the media
Wallace C. Turbeville
Demos and coalition partners have reached an agreement with the City Council and de Blasio administration to send a bill banning the use of employment credit checks to the City Council floor. In response, President Heather McGhee issued the following statement: “We are pleased to see progress made
Press release/statement
Late Tuesday, news broke that yet another unarmed American, a black man named Walter Scott, was killed by a white police officer. As with Tamir Rice, Eric Garner, and Rodney King nearly 25 years ago, the brutality was captured on video for the world to see. The New York Times put the damning
In the media
Warren Buffett warned investors that bankers were still up to their old tricks in his recent investor letter. Vanguard founder Jack Bogle is writing about how high fee mutual funds are ripping off investors and endangering retirement security. And Fed Chair Janet Yellen is touting new, tougher
In the media
Rana Foroohar
Inequality is growing because the increased wealth of the wealthiest no longer spawns income opportunities for the less well-off households and may actually diminish them.
Blog
Wallace C. Turbeville