Wal-Mart for increasing the starting salary of workers from $9 to $10 an hour, which would boost the wages of 500,000 employees, along with other boosts in specialized sections. While this step is a positive one, a new Demos brief argues that despite this new policy, Wal-Mart wages and schedules still aren't livable. Demos finds that the new $10 an hour wage "still does not provide enough income to support the basic needs of a single adult working Walmart's full-time schedule of 34 hours per week in any state in the country."
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."
The vast riches of schools like Stanford and Harvard have created dilemmas about how their endowments should be directed. One slate of candidates for Harvard's board of overseers is calling for the school to spend some of its $37.6 billion endowment to cover tuition for all students. Lawmakers have also mulled requiring colleges with at least $1 billion in their endowments to spend at least one-quarter of the endowment's income on financial aid.
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.
But even if young white women are aware of how affirmative action could likely benefit them -- and how likely it is that they, in fact, have already benefitted from it -- it’s possible these millennials view efforts to remedy the effects of racism as unnecessary, just as they view efforts to remedy the effects of sexism.
Our current voter registration system, which is designed as a voter-initiated or “self-registration” system, creates barriers to registration that do not serve any significant purpose in a democracy. Automatic voter registration is the answer.
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.
The fourth quarter of the Obama presidency has been relatively active when it comes to higher education. Last year alone, the Administration announced a proposal to make two years of community college tuition-free, finalized and released a treasure trove of data on earnings and loan repayment data by college as a substitute for its once-vaunted plans for a College Ratings system, came out with a Student Aid Bill of Rights, and issued regulations intended to streamline the confusing set of student loan repayment options.
Heather McGhee, the president of the leftist think tank Demos, kicked off the proceedings. “You ain’t seen nothing yet from the Working Families Party,” she said. “We’re electing leaders, we’re winning on issues, and most importantly, we’re changing what’s politically possible.”
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.
When diversity activists began campaigning a few years ago for tech companies to disclose their employee demographics, the truth was revealed. What resulted was a lot of handwringing over the state of diversity in tech and some commitment from companies, including Twitter to do better. Sadly, few companies have moved the needle. But for Twitter, that failure could be its undoing. Worse, for would-be tech workers, if a company with Twitter’s user profile can’t get diversity right, there’s little hope for the sector overall.
The Financial Infrastructure Exchange (FIX) is a federal tax-and-subsidy program to promote long-term investment in a financial system that otherwise prioritizes short-term gains.
“We’ve already had a lot of states use student debt relief as a carrot to entering certain professions,” said Mark Huelsman, a senior policy analyst at Demos, a left-leaning think tank. “Now that most professions have student debtors in them you’re going to see broad-based relief plans,” like New York’s, he said.
New York’s is it’s linked specifically to income, so anyone making a relatively low salary — whether it’s an artist working out of a loft space in Bushwick or a nonprofit researcher toiling away in midtown — qualifies.