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New York, NY – The national public policy organization Demos has released a new report that examines the underlying reasons why some Americans have credit card debt and finds further evidence that, contrary to popular belief, indebted households are not the product of less responsible spending
Press release/statement
A grand canyon of inequality exists between fast food CEOs and the workers who make their corporate and personal fortunes. In the past decade, fast-food CEOs’ wages have increased more than 400 percent, while workers wages increased 0.3 percent, according to a new report by Demos.
In the media
Alyssa Figueroa
On a crisp and sunny morning on the day after Thanksgiving, a group of protesters gathered in front of a large Walmart in Michigan’s Sterling Heights, calling for wage increases and better working conditions for the superstore's employees. Mary Johnson, a retiree and member of international activist
In the media
Rose Hackman
Here's a quick question about your retirement savings: When was the last time you checked the fees on your 401(k)? If you're like most Americans, chances are you're not sure what exactly your plan is charging you. Even though employers are now required to disclose more information about 401(k) fees
In the media
Aimee Picchi
Domino’s Pizza boss J Patrick Doyle is getting too large a slice of the pie, shareholders will tell the company’s board at the fast food chain’s annual meeting on Tuesday. The two largest shareholder advisory groups, ISS and Glass Lewis; CalSTRS, California’s $183bn teachers’ pension fund; and
In the media
Dominic Rushe
No less a capitalist than Henry Ford believed in paying his workforce enough so that the men who built his cars could buy his cars too. At McDonald’s, employees are encouraged to apply for food stamps if they aren’t making enough to eat.
In the media
Willy Blackmore
If you want a glimpse of super-sized pay inequality, look no further than America’s fast-food industry. Nowhere is company-level pay disparity more apparent than in fast food, where CEOs reportedly take home $1,000 for every $1 earned by their typical employee.
In the media
Krystal Steinmetz
The American economy overall is ferociously unequal, but some sectors are more unequal than others. A new study from the left-leaning think tank Demos looked at CEO-to-worker compensation ratios across the labor force in an attempt to determine where inequality is most concentrated. The answer
In the media
Ned Resnikoff
States have disinvested in public higher education and students have been stuck paying the tag.
Blog
Mark Huelsman
Executive pay has risen dramatically—both in absolute terms and in relation to median wages—across the last generation. The spike in executive salaries is both a key driver of inequality at the top end of the income spectrum (about half of the “1 percent” are executives or managers at non-financial
In the media
Colin Gordon