The lack of retirement security for middle-class and low-wage workers is a growing crisis that Washington has refused to address, even though it demands immediate attention.
Federal contracting with private vendors supports about two million low-wage private sector jobs, according to Demos, a national research institute, in their study, "Underwriting Bad Jobs." That is "more than the number of low wage workers at Walmart and McDonald's combined."
A group of congressional Democrats introduced a resolution on Tuesday seeking to ensure that students who attend public colleges and universities can graduate without debt.
Several top congressional Democrats will embrace on Tuesday a loose plan to make public colleges a debt-free proposition—and will receive an immediate boost from progressive activists who are hoping to shape the 2016 Democratic agenda.
The rationale behind the ban is simple: it’s unfair and useless to use a person’s credit history, which is often inaccurate or misleading, when assessing their job qualifications.
"You are in a Catch-22," said Emmanuel Caicedo, a senior campaign strategist with Demos, one member of a coalition of 79 labor and civil rights organizations that formed the NYC Coalition to Stop Credit Checks in Employment.
"You can't pay your bills and so your credit is bad. And then you can't get a job to pay your bills because of your credit."
Demos and coalition partners have reached an agreement with the City Council and de Blasio administration to send a bill banning the use of employment credit checks to the City Council floor. In response, President Heather McGhee issued the following statement:
“We are pleased to see progress made in the fight for equal opportunity employment in New York City. Employment credit checks are a catch-22, preventing qualified workers from getting a job just when they really need one most. The biggest drivers of credit problems are job loss and medical emergencies.
In an op-ed in the New York Times over the weekend, University of Colorado law professor Paul F. Campos offered a provocative answer to the frequently asked question: why is college so expensive these days?