Janelle Jones, the managing director of policy and research at Groundwork Collaborative, has coined what she calls a personal motto and economic ideology: “Black women best.” She means that if Black women—who, since our nation’s founding, have been the most disadvantaged by the rules that structure our society—can one day thrive in the economy, then

FOR IMMEDIATE RELEASE:March 31, 2019 CONTACT:Ariela Weinberger, aweinberger@rooseveltinstitute.org High Profits, Low Wages, and Discrimination: Corporate America and the Double Wage Gap A Roosevelt report explores how US corporations make billions in profit from the gender and racial wage gaps, even before the coronavirus New York, NY—Since the 1980s, American corporations have seen their profits skyrocket,

Over the last several decades, a rise in worker productivity and flat wages have driven record-high corporate profits in the US. As the private, for-profit sector benefited, economic insecurity has increased and wage gaps persist. This is especially true for Black women, who face both the gender wage gap and the racial wage gap—a reinforcing

As millions face unemployment and dire financial prospects amid the coronavirus pandemic, hotels, airlines, and other large corporations are repeating the script of 2008: asking for massive public bailouts after years of extractive shareholder payments. Before the government buoys these companies with the public’s money, we must ensure that they are resilient in the future

Following a year-long congressional investigation into Wells Fargo’s egregious consumer abuses, lax corporate management, and toxic corporate culture, CEO Charles Scharf and Well Fargo’s board members will testify before the House Financial Service Committee this week. This hearing comes in the wake of a detailed report, written by the Financial Services Committee staff, exposing the

In The Contribution of Shareholder Primacy to the Racial Wealth Gap, Roosevelt Fellow Lenore Palladino explores several ways of evaluating the impact of disparate equity ownership, and payments to shareholders, on racial wealth disparities. Using data from the Federal Reserve’s Distributional Financial Accounts and S&P Compustat, Palladino measures corporate equity ownership by race and ethnicity

Over the last five decades, an empirical revolution in economics has undermined many of the assumptions of “neoliberalism,” the reigning approach to economic policy. Many of the guiding assumptions underlying neoliberal policymaking no longer speak to what is going on in the economy or our country more broadly. In “The Empirical Failures of Neoliberalism,” Roosevelt

Measured conventionally, very little about today’s politics makes sense. Many attempts to explain the chaos point to political partisanship or regional animosity, but we believe that the chaos is a sign of something deeper: the death of one worldview and the ascent of another. The neoliberal ideal—that markets would create both economic and political freedom

The global fight over how—and where—to tax the new digital economy is raging on. Just last week, the Office of the US Trade Representative (USTR) published the conclusions from its investigation into France’s new tax on large tech companies, such as Apple, Facebook, and Google. The USTR found that the French tax discriminates against US

Today’s pharmaceutical industry is failing most Americans. The structure of laws, regulations, and institutions that shape corporate decision-making drive runaway profits rather than improve patient health. Transforming this broken system requires using the tools of government in expansive ways—a “one-two punch”—by reining in the industry’s extractive practices through stiffer market regulation and deploying the power