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Washington – On Wednesday, May 8 at 9 a.m. EST, low-wage workers from around the country employed in a variety of firms operating under federal contracts, loans, and leases will join Members of Congress, community leaders, and local elected officials to announce the launch of Good Jobs Nation—a new
Press release/statement
Federal taxpayers employ more low-wage workers than Wal-Mart and McDonald’s combined, a new study calculates.
In the media
Jim Tankersley
Marjorie Censer
NEW YORK, NY – With much attention on labor strikes spreading across the country to protest low pay and poor working conditions in the retail and fast food industries, national public policy center Demos releases a new report today documenting a surprising part of the economy where low wages are
Press release/statement
The class of ’13 has no luck at all. As the graduates take to the streets with their six-month grace periods before their student loan debt bills begin arriving, they face a horrific job market. “At 16.2 percent, the March 2013 unemployment rate of workers under age 25 was [roughly] twice as high as
In the media
Gregory Bresiger
Collusion — and conflicts of interest — between politicians and billionaires now operate across borders. When he was president, Nicolas Sarkozy reserved special favours for the Qataris (including a tax exemption on their highest-value property purchases). Qatar is now prepared to back him in
In the media
Serge Halimi
A recent AARP Public Policy Institute report found that average credit card balances for households over age 75 jumped 31 percent during the recession. A separate AARP report found that boomers - households over age 50 - now have higher overall credit card debt than younger people - a reversal of
In the media
Mark Miller
Bet if I asked, the odds are good that many people could tell me to the penny what they just paid for a gallon of gas. So how much did it cost you to invest in your 401(k) last year? I don't know myself. And you likely don't know either. Over the years, most of us have heard that if we just start
In the media
Susan Tompor
To retirees, the offers can sound like the answer to every money worry: convert tomorrow’s pension checks into today’s hard cash.
In the media
Jessica Silver-Greenberg
I watched the disturbing Frontline documentary on PBS, The Retirement Gamble, and not surprisingly, I got to thinking about the fees I pay for investing in my retirement accounts.
In the media
Kerry Hannon
On a normal day, Sonia Acuña, a petite 41-year old mother of four, puts on her bright red McDonald’s cap and reports to work at a branch of the giant hamburger chain in Chicago’s main rail terminal, Union Station. But today, in cold and drizzling early morning weather, Acuña—still wearing her
In the media
David Moberg