Seven years ago today, the Lilly Ledbetter Fair Pay Act became the first piece of legislation that newly-inaugurated President Obama signed into law. The law restored protections against pay discrimination that had been restricted by a recent Supreme Court decision, making it easier for working people to hold their employers accountable for discriminatory compensation.
But as Demos senior policy analyst Amy Traubpoints out in a blog post on Friday, "[b]eing paid less for doing the same job is just one aspect of the pay gap."
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 the steps we can take to ameliorate it.
The idea of a property-owning democracy is no longer the reality in the United States. Edward Wolff finds that the wealthiest 10 percent own 90.9 percent of all stocks and mutual funds, 94.3 percent of financial securities but only 26.5 percent of the debt. For the middle class, their home makes up 62.5 percent of their limited wealth.
The idea of a property-owning democracy has long roots in American political thought. In their book, The Citizen's Share, Joseph R. Blasi, Richard B. Freeman and Douglas Kruse argue that the Founding Fathers wanted everyone (well, everyone who was white and male) to own a small slice of property. Both Madison and Washington praised the relatively equal distribution of property in the United States (compared with Europe). Thomas Jefferson wrote, "It is not too soon to provide by every possible means that as few as possible be without a little portion of land.
The 2016 presidential election will be the second since the court's disastrous Citizens United decision and the first without the full protections of the Voting Rights Act in place. That means big donors will have more sway over elected officials to dictate the agenda.
When Bartels compared the policy preferences of the rich and poor to actual policy results (with controls) his results were disturbing. He finds that low-income preferences had virtually no effect on policy outcomes.
The human tragedy of Flint, Michigan is agonizing. Thousands of children have been subjected to lead and other chemical poisoning, not to mention adults, just to save a few dollars in a process driven by raw politics and underlying racism.
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 to raise wages and improve [work] schedules. It’s a huge victory for Wal-Mart workers [and] will ultimately benefit the company itself as employees have increased buying power.’’
The explosion of “dark money” spent in the political system in the United States threatens racial equity in the United States making it harder for Blacks and other minorities to gain a foothold in the middle class and fully participate in the democracy, according to a recent report by Demos, a public policy group.
Demos Vice President of Policy and Legal Strategies Brenda Wright released the following statement:
"Tonight, in his last State of the Union, President Obama lifted up the importance of fixing our politics so that all voices can be heard in our democracy.
"He noted how too many people feel that 'the system is rigged in favor of the rich or the powerful or some narrow interest.' To live up to our democratic tenets, President Obama called for reducing the influence of money in politics and modernizing our elect
Today, the Supreme Court hears arguments in a pivotal case on union rights inFriedrichs v. California Teachers Association. If they decide on behalf of the plaintiffs, the justices would overturn a 1977 Supreme Court decision allowing public sector unions to collect fair share fees from all employees to help pay for the costs associated with collective bargaining.
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.
Sec. Hillary Clinton correctly noted the importance of the next president’s power to appoint Supreme Court justices. On no issue is this more true than on money in politics.
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.