When it comes to jobs, the fast food industry represents the worst of our economy: paying poverty wages; offering irregular, part-time hours; and providing few benefits. Wage theft and workplace safety hazards are rampant. An executive who has built his personal wealth on a fast food business model that treats working people as cheap and disposable is among the worst possible choices to lead the Department of Labor. Yet Donald Trump has selected fast food CEO Andrew Puzder for the responsibility of protecting American workers.
Doing “everything right” — making all the optimal life choices to build wealth and get ahead, despite obstacles — is still not enough for black and Latino households to accumulate as much wealth as their white counterparts.
A new study trashes most of the conventional explanations—and solutions—for the wealth gap. It’s called The Asset Value of Whiteness: Understanding the Racial Wealth Gap. It’s by researchers at Brandeis University and a public policy group called Demos. [...]
A study released this week by the liberal-leaning think tank Demos offered new points of analysis on the disparity, one of which was particularly sobering. [...]
Washington DC – In the closest confirmation vote for a Secretary of Education to date, Betsy DeVos was confirmed by the narrow margin of 51-50, with the historic tie-breaking vote coming from Vice President Mike Pence. Following the decision, Mark Huelsman, Senior Policy Analyst and higher education expert at Demos, issued the follow statement:
“The unprecedented level of uncertainty shown by both Democrats and Republicans surrounding Betsy DeVos’ ability to serve as Secretary of Education should have been enough to disqualify her from assuming this position.
In a new report, “Asset Value of Whiteness,” Demos and the Institute on Assets and Social Policy take a deep dive into the intrinsic link between racism and capitalism; specifically, how whiteness infests the so-called American dream and renders it inaccessible to anyone who doesn’t meet the pre-selected criteria.
A new report out this morning called The Asset Value of Whiteness: Understanding the Racial Wealth Gappurports to shatter traditional explanations for the lack of financial progress in African American and Latinx households as compared to white ones in the U.S.
Mark Huelsman is a senior policy analyst who focuses on higher education at the think tank Demos. “In an era of entrenched inequality and lack of upward mobility,” he told me, “the same things that would ding a borrower’s credit — a bout of unemployment, an inability to pay a student loan, an unlucky medical history — are the same things that any private lender would be looking at in approving a new loan.”
Washington, DC – Next week, the Senate will vote on President Trump’s nominee for Secretary of the Department of Education, Betsy DeVos. Ahead of the vote, Mark Huelsman, Senior Policy Analyst and higher education expert at Demos, issued the follow statement:
It is with great sadness that we announce the passing of Senior Fellow Wallace C. Turbeville, a beloved member of the Demos family since 2012. Wallace “Wally” Turbeville was among our country’s most respected and influential thought leaders and advocates for systemic financial reform as a core fight in the struggle for economic and racial justice.
[...] According to a new report by the progressive think tank Demos, “student debt is particularly damaging for individuals who struggle to repay their loans. Delinquent borrowers are saddled with fees, penalties and rapidly accumulating interest; borrowers who default on their loans face ruined credit and a debt often several times their original loan balance.”
Women workers can keep the pressure on city- and state-level legislators ahead of the 2018 midterm elections.
"Find out what your city council is doing in terms of a fair working wage, paid leave, and paid sick days. Get those on the agenda. That is a lever that is much easier to influence."
New York could join the ranks of states likes of Tennessee and Oregon (in addition to dozens of cities) that have enacted some version of tuition-free public college.
The greatest challenge facing President-elect Trump is following through with his campaign promises to raise the living standard for working-class Americans and bring back manufacturing jobs.
Next week, Washington, D.C.’s municipal government will vote on new legislation that, if enacted, would guarantee people working in the District up to 11 weeks of paid leave to care for a new baby or child. But this is just the latest in a string of state and local governments taking action to address the needs of working parents and their families.[...]
A persistent racial wealth gap, waning investment in higher education and limited institutional resources are driving up the rate of borrowing at historically black colleges and universities, with 4 out of 5 undergraduates relying on student loans to finance their education, according to a new study from the United Negro College Fund.[...]