New research illustrates ways in which the current economic difficulties of African American households are compounded even further by a legacy of discriminatory policies that have left African Americans with significantly fewer assets and lower rates of homeownership than white households.
Modest Pension Benefits Play Little Role in Financial Crisis
DETROIT — In their push for bankruptcy, Emergency Manager Kevyn Orr and other public figures are incorrectly looking at Detroit’s long-term debt—figures generated using aggressive and in some cases inaccurate assumptions—to the detriment of solving the City’s immediate cash-flow crisis and its long-term structural challenges, according to a report released Wednesday by Demos.
How taxpayers are bankrolling the paychecks of already-wealthy executives instead of supporting more livable wages for American workers struggling to get by.
NEW YORK, NY – Following the Census Bureau’s release of poverty numbers verifying the country’s growing income gap, national public policy center Demos has published a new report illustrating how the federal government promotes inequality through its contracting policies.
Today, the Obama administration extended minimum wage and labor protections to nearly two million home care workers, ensuring that these employees will now be covered under the Fair Labor Standards Act. Last year, Demos submitted a public comment to the Department of Labor urging this regulation.
NEW YORK, NY – Today Washington D.C. Mayor Vincent Gray caved to the ultimatum issued by Walmart and vetoed a living wage bill that was passed by the D.C. City Council. The bill would have required retailers with corporate sales of $1 billion or more and operating in spaces of 75,000 square feet or larger to pay employees no less than $12.50 an hour.
In response to the veto, Demos Vice President of Policy and Outreach Heather McGhee issued the following statement:
Fast food companies keep employees at poverty-level wages while reaping billions of dollars in profits. It drives inequality, slows growth, and lowers living standards.
"Not only the absence of oppression but the presence of opportunity"
In his speech at the Lincoln Memorial the President movingly honored the sacrifice and commitment of the people who marched on Washington fifty years ago today. He was emphatic in noting that the progress has been immense, an accomplishment that belongs not only to the leaders of the movement but the ordinary people who “never appeared in the history books.”
“Demos applauds President Obama for using the bully pulpit to shine a light on the college affordability and student debt crisis facing our nation. While Congress and state legislatures have failed to lead on this issue, the President’s tour promises to help highlight the dangers of tying opportunity to debt.
Demos has released a new report that highlights the broader impact of student debt. Comparing a household with student loans against one without, the report reveals that student debt permanently impedes upward mobility for millions of Americans struggling to repay their loans.
(NEW YORK, NY) – In the wake of the recent passage of disastrous legislation that would repeal North Carolina’s successful Same Day Registration policy and implement barriers to voting, Demos President Miles Rapoport issued the following statement:
“Job security, with good wages and durable industries. A good education. A home to call your own. Affordable health care when you get sick. A secure retirement even if you’re not rich.”