“There’s an assumption out there that because community and technical colleges and workforce retraining programs are lower cost than elite Ivy League institutions that borrowing isn’t an issue for those students, but it’s precisely the opposite,” said Mark Huelsman, a senior policy analyst at think tank Demos, who studies student debt. “These are students who have fewer financial means to begin with, they’re more likely to borrow, and if they borrow it’s just a fundamentally different prospect.”
Almost everyone agrees that education, innovation and human capital are critical to economic growth and security. And anyone who can’t find a job or is stuck with a low-paying job is told to acquire the skills necessary to succeed in today’s economy.
Unfortunately, the results of believing in that myth have been catastrophic. Earnings have stagnated or declined for everyone except the very top earners, even for those who have educational qualifications, and jobs that didn’t previously require credentials now do.
Those orders represent a victory for unions, particularly the labor federation Change to Win, which has been organizing workers at federally contracted businesses through the campaign Good Jobs Nation. Low-wage workers affiliated with Good Jobs Nation — including food service and janitorial workers in federal buildings — have spent the past two years engaging in protests and other labor actions to pressure the federal government to improve contractor standards.
Consumer advocacy groups have long complained that there is no link between bad credit and job performance. They argue that such checks lead to discriminatory hiring.
eddy Roosevelt famously argued that, when it comes to foreign policy, one should “Speak softly, and carry a big stick.” Similarly, an apt summation of the political inclinations of billionaires might be, “Speak softly, and carry a big check.”
The image chosen also appears to be deliberately misleading,Robbie Hiltonsmith, senior policy analyst for left-leaning think tank Demos, told Mic via email.
The ink had barely dried on the recommendation issued last month by New York Gov. Cuomo’s Wage Board — calling for a $15 minimum wage in the state’s fast-food industry — when corporate special interests in New York began sounding the alarm.
In the 2016 presidential election, we are approaching a singular and momentous crossroads in our nation’s history. Will we, or will we not, make a serious effort to achieve a low-carbon future for our children and our planet? The fossil fuel magnates and the GOP say no, because we can’t or shouldn’t, but more than 75 percent of Americans want our leaders to take significant steps to fight climate change, according to a poll released in January 2015 by the New York Times, Stanford University, and Resources for the Future.
Given how tough it can be for many people to save for retirement, it’s unfortunate that some companies make it even more difficult. But a large number of 401(k) plans do just that by imposing high costs and offering subpar investment choices.
Women make up almost half of all workers in America and working mothers are the primary breadwinners in 40 percent of the nation’s families, so economic equality would make an immense difference for families and the economy as a whole.
In 1965, CEOs made about 20 times as much as the average worker. By 2013, they made about 273 times as much. And CEOs of fast food companies made about 1,200 times as much as the typical fast food workers, according to a 2014 report by Demos, a public policy organization in New York.
The St. Louis Fed findings add to the growing body of evidence that higher education benefits some groups more than others, which may help to exacerbate the yawning racial wealth gap instead of shrink it. Black and Hispanic students are more likely to approach college with lower levels of wealth on average and are, therefore, more likely to have to borrow to attend school, according to a report earlier this year from Demos, a left-leaning think tank.
While every single Democratic member of the Legislature has signed on as a sponsor of this bill, not a single Republican has been willing to break from party orthodoxy and let common sense trump caustic partisanship.
Imagine the benefits to our state economy and Wisconsin families if millions of dollars in interest on student loans paid by borrowers every year to the federal government and Wall Street banks would instead stay right here.
Why a return to a debt-free system of public universities and colleges would help revive the promise of affordable higher education regardless of one’s family income.