In this election season, reining in Wall Street is clearly a burning issue for many voters. The passion for Wall Street reform is closely wrapped up with working class anger and anxiety driven by wage stagnation and economic insecurity, all within a climate of accelerating wealth and income inequality.
"There are no other countries that we would think of as advanced that don't offer some paid maternity leave," said Amy Traub, a senior policy analyst at Demos, a left-leaning public policy group. "So many countries started guaranteeing maternity leave as more woman started to enter the workplace, and the U.S. just has been a laggard."
I want to know what’s going to happen with the farm workers,” she said, through a translator. “Are you going to include us in this?”
Bhandary-Alexander said the hearing “couldn’t have been any better,” as a way to connect policy issues with individual narratives.
The board heard from economic experts from the Economic Policy Institute and Demos think tank in previous hearings about how minimum wage increases have affected other cities.
Over the last decade, an increasing number of cities and states passed laws limiting the use of credit checks in hiring, promotion, and firing. These laws have been motivated by the reality that personal credit history is not relevant to employment and that employment credit checks prevent otherwise qualified workers with flawed credit from finding jobs, and that unemployed workers and historically disadvantaged groups, including people of color, are disproportionately harmed by credit checks.
With the 2016 Presidential election bringing renewed attention to rising college costs, UC Berkeley researchers have just released a groundbreaking study on broad and growing financial inequalities in U.S. higher education. Entitled “The Financialization of U.S. Higher Education,” it’s available online here.
When we agreed to help reform the NYPD’s stop and frisk practice in the landmark class action Floyd v. the City of New York, we knew we were taking on a great responsibility.
“Super PACs likely encouraged more candidates to get into the 2016 GOP presidential race,” said Jay Goodliffe, a political science professor at Brigham Young University. “Even if their polls were not initially good, or there were other setbacks, the super PAC could help keep them afloat.”
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 human tragedy of Flint, Michigan is agonizing. Thousands of children have been subjected to lead and other chemical poisoning, not to mention adults, just to save a few dollars in a process driven by raw politics and underlying racism.
The Federal Reserve just released the minutes of its December meeting at which the Fed Funds rate was increased, for the first time in years, by 0.25 percentage points. The vote was unanimous, but the minutes show a great deal of concern that lower unemployment rates have not moved inflation from near zero levels.
Today, the Supreme Court hears arguments in a pivotal case on union rights inFriedrichs v. California Teachers Association. If they decide on behalf of the plaintiffs, the justices would overturn a 1977 Supreme Court decision allowing public sector unions to collect fair share fees from all employees to help pay for the costs associated with collective bargaining.
Bernie Sanders rang in the New Year with a rally in downtown Manhattan renewing his call to break up the big banks and jail executives who break laws. He also distilled the damage done by a predatory unconstrained economy into a single theme: for a long time, the rich have been getting richer as everyone else is mired in wage and wealth stagnation or worse.