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Through the Procurement Act, Congress centralized management of government contracts and gave the president license to use his judgment in setting federal contracting practices.
Blog
Jenn Rolnick Borchetta
If you think wage theft is being overblown by worker advocates, as some business groups suggest, check out this outrageous story. Last week, Philadelphia restaurant franchise Chickie's & Pete's agreed to pay employees around $8.6 million in back wages to settle a Department of Labor (DOL)
Blog
Jack Grauer
Raising the minimum wage to $10.10 an hour would increase the price of a $16 product at Walmart, such as the typical DVD, by just a cent if all of the extra costs were passed on to consumers, according to an analysis by an economist for Bloomberg News. [...]
In the media
Bryce Covert
The odds that Republican House Speaker John Boehner will allow a vote on raising the minimum wage remain as low as ever, but some large retailers are already raising the wage on their own initiative. On Wednesday, clothing chain Gap Inc. announced it would be raising its base wage from $9 to $10 per
In the media
Ned Resnikoff
This week, the Federal Reserve Bank of New York offered continuing evidence of the student debt crisis. Outstanding student debt again topped $1 trillion in the fourth quarter of 2013, making it the second-largest pool of debt in the nation behind mortgages. This has tripled in just a decade, as
In the media
David Dayen
Walmart currently does not support raising the federal minimum wage. However, considering the company's lackluster performance over the past few months, perhaps it's time to take a stand.
In the media
Jillian Berman
In the last four parts of this series, I have discussed the problems of our current student loan system, the potential for an income-based repayment system, and the difficulties of a graduate tax. This leaves us with another proposal: universal free undergraduate public higher education. [...]
In the media
Josh Freedman
Walmart is denying a Bloomberg report that said the nation's largest private employer is considering supporting an increase in the minimum wage. "We are not at all considering this," Walmart spokesman David Tovar told The Huffington Post Wednesday afternoon, just after Bloomberg published the story
In the media
Emily Peck
Emily Cohn
Since the days of Diner’s Club, credit cards have evolved to become a key element of American household finances. When emergency strikes we may not have cash in hand, but with access to credit cards a broken arm, a busted furnace, or a last-minute plane ticket doesn’t have to leave our families
Blog
Catherine Ruetschlin
NEW YORK, NY — In response to Friday’s vote at a Chattanooga, Tennessee Volkswagen plant, Demos issued the following statement: “The intensity of political interference to influence the union representation vote was unprecedented,” said Heather McGhee, incoming Demos President. All Americans should
Press release/statement