Retail companies don't have to choose between high wages and high profits, argues a new report from the researchers at Demos.
In Retail’s Hidden Potential, policy analyst Catherine Ruetschlin says that higher wages across the retail industry would create jobs and reduce poverty without cutting significantly into employers’ profit margins.
Black Friday has heaped new pressure on big box stores to bump up worker pay, with a group of Walmart employees plotting a walkout on the country’s biggest shopping day and the think tank Demos releasing a study Monday that touts the benefits of higher wages.
Henry Ford famously decided in 1914 to pay many of his workers the then incredible sum of five dollars a day, which was substantially higher than the prevailing wage at the time.
Baby boomers are the first generation in American history to be entering retirement saddled with debt, including unpaid balances on credit cards.
The financial crisis in 2008 that sent the economy into a recession crippled many baby boomers’ retirement accounts, forcing many to stay in the workforce or significantly alter their retirement lifestyle plans. Now, the oldest of the boomer generation are receiving Social Security checks alongside notices from bill collectors.
NEW YORK -- With $4 trillion in annual revenue, over 15 million employees and projections to be one of the largest sources of new jobs in the next decade, the retail sector plays a vital role in the economy, wielding great influence over the living standards for many Americans.
Hurricane Sandy is the most recent storm to have shed light on the dangers of development in waterfront areas along the Eastern seaboard, but communities from Colorado to Missouri to South Dakota have also grappled for years with the growing risk of environmental damage from everything from rising rivers to forest fires -- dangers that are growing more acute thanks to climate change.
No doubt the new International Energy Agency (IEA)'s latest World Energy Outlook will be cause for celebration for the fossil fuel industry. In it, IEA points to the strong oil and gas production in the U.S. and predicts that by within a decade or so, the U.S. will become the world's largest oil producer, surpassing Saudi Arabia and Russia. By 2030, North America could be a net oil exporter and, around the same time, the U.S. will likely be energy independent.
As the East Coast starts to recover from Hurricane Sandy, one begins to wonder whether this is the new norm? Going forward, will stronger, more intense storms continually batter the East Coast? Unfortunately, that seems likely to be the case without meaningful comprehensive action to combat climate change. Days of blackouts, massive economic losses, and increased fatalities could become business as usual as seas rise and hurricanes gain in intensity.
The last presidential debate not only continued the silence on climate change, it also advanced the false narrative that we have to choose between economic growth and action on climate change. While the candidates focused on how to keep gas prices down, increase energy independence, and create jobs, they never addressed how we can use our energy plan to fight climate change. By refusing to address climate consequences, both candidates reinforce the idea that we either focus on economic growth or we focus on the environment, but not both.
When it comes to climate change, there is one area in which the U.S. leads all other nations. Our media gives more time and attention to climate deniers than any other country. The study looked at five other countries besides the U.S.- Brazil, China, France, India and the UK- to see how leading newspapers in each country dealt with climate skepticism. It found that coverage of climate skepticism is mostly limited to the U.S. and to the U.K.
NEW YORK - As the Supreme Court hears oral argument in Fisher v. University of Texas case challenging the constitutionality of the school’s undergraduate admissions program on Wednesday, October 10, Demos stands with the United States Student Association (USSA) along with hundreds of other community, corporate, military and civil rights leaders, students and other allies in support of diversity in higher education.
In politics, there inevitably comes the dreaded time when politics and politicking run into reality. It is the point at which you can no longer appease two opposing parties and a decision must be made that chooses one party's interests over the other. I imagine politicians hate this moment because it shows their true character, for better or worse.
Wednesday night’s first presidential debate between President Obama and Mitt Romney was live-blogged or live-tweeted by almost every think tank. The depth of the commentary ranged from appearance to proposal. After a little time to process, think tank experts are weighing in with analysis beyond 140 characters.
If there are any truths to hang your hat on in the ongoing debate about the future of American healthcare, it’s this one: Medicare is really expensive.
As part of an event celebrating the National Employment Law Project, I participated in a panel moderated by Bob Herbert, former oped writer for the NYT (an extremely compelling one at that, whose themes were race, poverty, inequality, and justice) and now a senior fellow at Demos (the other panelists were Dorian Warren and Lynn Rhinehart).
America the Possible: Manifesto for a New Economy, a new book from Demos Distinguished Senior Fellow James Gustave Speth, examines the grave and interconnected challenges facing Americans -- joblessness, failing schools, declining health, intractable poverty, income inequality, a poisoned environment, dwindling natural resources, indebtedness, climate change, war – and outlines the urgent changes we must embrace now in order to leave a prosperous, secure and healthy nation for future g
A new study finds that climate change is already contributing to 400,000 deaths per year and costing the world more than $1.2 trillion, or 1.6 percent of global GDP. The report was commissioned by 20 governments and written by more than 50 scientists, economists and policy experts. In the report, the authors detail how the vast majority of deaths occur in developing countries and that the world’s poorest communities within lower and middle-income communities are most exposed to climate change risks.
A mid-September sunny day in New York City draws those with the day off to go to the parks and laze along the avenues, walking by the workers on call, cleaning up after tourists, holding together a city that always seems held together by the sweat of its massive workforce and a dose of city pride. Beneath the massive Washington Arch, a woman in a wheelchair, beside other men and women in wheelchairs and other prosthetic devices, holds a sign that says, “Occupy Wheelchairs.” The Occupy Wall Street Disability Caucus is holding an assembly to proclaim its presence at Occupy, Year 2.