The Blog of the Roosevelt Institute
The 2016 corruption scandal at Wells Fargo, in which executives pressured employees to meet “wildly unrealistic sales targets,” created a work environment described as “relentless pressure.” Once revealed, the massive fraud committed against millions of consumers led to congressional hearings, substantial fines by state and federal regulators, and a series of announced changes by Wells
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
Recently, The New York Times published a report about women who, while working in physically demanding jobs, lost their pregnancies after requests for less-strenuous assignments were denied. The profile is a tragic example of the steep toll levied on women, and particularly women of color, who face economic and social rules that are rigged against
The Student Debt Crisis, Labor Market Credentialization, and Racial Inequality: How the Current Student Debt Debate Gets the Economics Wrong
As tuition has risen over the last several decades in the U.S., student loan debt has ballooned. Despite growing debt loads, federal policy encourages the use of loans for financing higher education, based on the assumption that student debt supports increased postsecondary attainment—and, in turn, improved outcomes for individuals and our economy as a whole.
Corporations today operate according to a model of corporate governance known as “shareholder primacy.” This theory claims that the purpose of a corporation is to generate returns for shareholders, and that decision-making should be focused on a singular goal: maximizing shareholder value. This single-minded focus—which often comes at the expense of investments in workers, innovation,
In Left Behind: Snapshots from the 21st Century Labor Market, Roosevelt Program Director Rakeen Mabud and Program Associate Jess Forden explore today’s changing economy and the future of work through the lens of six occupations: carework, food service, manufacturing, mining, nursing, and trucking. Despite a seemingly robust and healthy economy, as indicated by headline measures
Today, I am honored to step into the role of National Director of the Roosevelt Network. Nearly 15 years after the Network’s founding, we’re operating in a dysfunctional and chaotic political climate where the wealthiest and most privileged among us have consolidated power among themselves. As a result, we’re seeing the privatization of key public
FOR IMMEDIATE RELEASE: October 1, 2018 Contact Mariam Ahmed, email@example.com ROOSEVELT INSTITUTE ANNOUNCES KATIE KIRCHNER AS NEW NETWORK DIRECTOR Kirchner to Lead Progressive Network of Over 10,000 Students NEW YORK, NY — This week, the Roosevelt Institute announced Katie Kirchner as the new director of the Roosevelt Network, which includes student organizations
Roosevelt @ NYC is a cohort of diverse emerging leaders who focus on finding policy solutions that align with the concerns of New York City students, particularly those within the City University of New York systems. The chapter meets biweekly in Manhattan to discuss current events and challenges related to student life in New York.
America’s failing antitrust system is, in large part, to blame for today’s market power problem. Lax antitrust law and enforcement have allowed troubling trends like corporate consolidation to remain unchallenged, further embedding our skewed economy. In highly consolidated markets, consumers have limited choice and little power to pick their price, quality, or provider for the