Trumpcare is dead. President Donald Trump is humiliated and so is House Speaker Paul Ryan. The Democrats can hardly believe their luck: The Republicans have hobbled their own agenda, while Obamacare, aka the Affordable Care Act, lives to fight another day. But unlike the law’s previous brushes with death—most notably its bruising encounters with the Supreme Court in 2012 and 2015—this latest example of its resilience represents a turning point, if Democrats choose to seize the opportunity.
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.
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.
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.
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.[...]
Washington, D.C., is the latest jurisdiction to consider legislation to prevent employers from conducting credit history screens for most job applicants.
Currently 11 states, New York City and Chicago have passed legislation limiting the use of credit checks in the hiring process. The states include California, Colorado, Connecticut, Delaware, Hawaii, Illinois, Maryland, Nevada, Oregon, Vermont and Washington.
President-elect Donald Trump has made it clear that he wants to repeal President Barack Obama’s signature climate policies—the Clean Power Plan and the Paris Agreement on global emissions reductions. If he is successful, we will need a Plan B that the Republicans cannot obstruct. That means turning to states and cities, and in a big way.
The D.C. Council is considering a bill that would bar businesses from performing credit checks on job applicants. Supporters of the legislation say credit histories can be inaccurate and indicate little about workers’ character.[...]
“Our research shows poor credit more often tells a story of personal misfortune far more convincingly than one of poor work habits,” says Amy Traub, a senior policy analyst at Demos.[...]
According to the Demos report, credit checks were never intended to be used for hiring.
Federal deficit hawks in Congress, driven by ideology and the campaign donations of, for lack of a better term, millionaires and billionaires, held yet another hearing last week about the national debt — but U.S. lawmakers continue to ignore the debt that is causing real trouble for the nation.
The debt danger Americans should really worry about comes from credit cards and student loans.[...]
Amid soaring inequality and stagnant wages, consumers in the United States collectively accumulated a stunning $34.4 billion in credit card debt during the second quarter of 2016 alone, according to a new report from the personal finance website WalletHub.
On Labor Day, let’s all take a moment to thank our bosses for the rights and benefits they have so generously granted us.
Oh wait, that’s right. Decent wages and working conditions were never gifts. Workers organized, fought, and in many cases died for each and every improvement in our working lives. And workers are fighting today—to protect the rights we’ve won, and to advance new and needed labor laws.
Because blue-collar worker income in Sweden, Norway, and Denmark is so high, Americans are often surprised to learn that none of the Nordic social democracies have minimum wage laws. The truth is that they don’t need them, thanks to the immense (albeit gradually waning) power of Scandinavian labor unions. Organized labor in that region of Europe has used its power to set a de facto wage floor, rendering parliamentary action superfluous.