Corporate profits are at record highs and unemployment is below 5 percent, yet 40 percent of Americans say that they would not be able to meet a $400 emergency. For too long we’ve been guided by the 50-year-old myth that fewer regulations and lower taxes on corporations and the wealthy will lead to economic growth

Companies today are not working the way that most Americans, policymakers, or the media think that they do. To fight inequality, we need to rewrite the laws that guide corporations. We must first, however, change the way that people understand the role of the American firm in our economy and explore how we can deploy

For nearly half of a century, America’s public corporations have been driven by a shareholder primacy approach to corporate governance, increasingly prioritizing shareholder payments over other, more productive uses of corporate resources. Over the same period, employee bargaining power has decreased and wages for nonexecutive workers have remained flat across sectors. In Ending Shareholder Primacy in Corporate Governance,

With outstanding student debt at $1.5 trillion, policymakers and education providers are looking for ways to make college more affordable. Though many argue for enhanced public investment to reduce tuition, others are turning to debt alternatives like income share agreements (ISAs). Through these contracts, universities (often with funding from private investors) contribute to a student’s

At its December meeting, the Federal Reserve raised its benchmark interest rate a quarter point. The move, while widely expected, represented a clear rebuke to President Trump, who has repeatedly urged the Fed to keep rates low. He took to Twitter after the move to attack Fed head Jerome Powell as a golfer who has

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FOR IMMEDIATE RELEASE: December 13, 2018 CONTACT: Mariam Ahmed, (202) 800-8688, mariam.ahmed@berlinrosen.com   STATEMENT: Roosevelt Institute Experts Respond to Companion Bill to Strengthen Workers’ Voices   Today, Rep. Ben Ray Luján (D-NM) introduced the Accountable Capitalism Act in the U.S. House of Representatives, a companion to legislation introduced in the Senate by Sen. Elizabeth Warren

Three years ago, I worked with Roosevelt Fellows and economists Darrick Hamilton and Sandy Darity to demonstrate how intergenerational transfers are central components of wealth building and integral to the persistence of racial wealth inequality. Using the metaphor Umbrellas Don’t Make it Rain, we attempted to flip the script on the traditional narrative that education and income alone are the key

To address the $1.5 trillion in outstanding student debt that is held by American borrowers today, it is vital to have a full debate about the costs and benefits of potential solutions. But this debate must be grounded in a solid understanding of the problem. David Leonhardt’s recent takedown of universal student-debt cancellation flows from

Today’s $1.5 trillion student debt crisis is “crushing” American households, writes Noah Smith for Bloomberg. The U.S. student loan program is driven by commonplace assumptions that have cemented the idea that higher education is an essential pathway to economic security, regardless of how much it costs. Because media, economists, and borrowers themselves believe that more

Last week, Senator Kamala Harris (D-CA) introduced a sweeping, bold economic policy idea: the LIFT the Middle Class Act. The LIFT (Livable Incomes for Families) Act would essentially be a dramatic expansion of the Earned Income Tax Credit (EITC), making it much larger and available to many more Americans. A few days later, the conservative