income inequality

Retailers Finally Addressing Income Inequality

As politicians in Washington and state capitals debate raising the minimum wage, a new report from the Center for American Progress gathers new evidence showing that the United States’ top retailers are deeply concerned that stagnant wage growth and middle-class weakness are holding the economy back.

photo by pix.plz Flickr/creative commons

photo by pix.plz
Flickr/creative commons

We have written frequently about the scourge of income equality, from fast food workers‘ demanding a living wage and Wall Street’s response to connecting you to organizations on the forefront of this struggle, summing it all up this past Labor Day. Now this new report, “Retailer Revelations: Why America’s Struggling Middle Class Has Businesses Scared,” drills down further, showing us how flat wages has weakened consumer spending and put their stock prices at risk because of low demand for goods and services and high unemployment.

Retailers could improve their profits by embracing a middle-class-growth-oriented agenda instead of spending their political energy on preventing policies that increase wages. Policies such as a minimum-wage increase could provide the perfect mechanism for coordinating wage growth that could benefit the entire retail sector by fueling more consumer spending.

While banks have been rescued by our government and economic indicators in some sectors have been revived since the 2008 financial crisis, “median household income in 2013 stood 8 percentage points below its 2007 pre-recession level” while the cost of everything else, from health care to college tuition has risen.

The evidence assembled in this report directly repudiates “trickle-down economics”—the idea that the only way to produce economic growth is to redistribute money to the rich, who will create jobs for everyone else. Conservative politicians, lobbyists, and commentators may still be stuck in the trickle-down mindset of the 1980s, but corporate America and the Wall Street analysts who closely follow it know better.

In fighting income equality we have to aim our civil actions squarely on the proponents of trickle-down economics and those working actively against living wages, including lobbyists such as the U.S. Chamber of Commerce, until they get it. Congress is complicit in keeping the minimum wage low despite all the evidence pouring in from municipalities that have raised the minimum wage to $15/hour and actually created economic growth, including more jobs. These are the people and entities who are responsible. Educate yourself and organize accordingly.

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Support Tomorrow’s WalkOuts To Raise Wages

Photo by  Steve Rhodes Flickr/creative commons

Photo by
Steve Rhodes
Flickr/creative commons

Home healthcare workers are joining fast food workers, tomorrow, for walkouts in over 100 cities across America. You can help by coming out to support these actions against mega corporations such as McDonalds and Walmart who enslave workers with poverty wages and stolen wages.

Fast-food workers often have to rely on food stamps to feed their families. This means that the corporations they work for freely rely on your tax dollars to pick up the slack.

These companies also notoriously steal workers’ wages by such practices as making workers wait around before starting their shifts to maintain efficiency ratios and/or routinely requiring extra unpaid hours by workers to clean at the conclusion of their shift.

Conservatives argue that the market should determine wages based on productivity but fail to understand that if that were so the minimum wage would actually be $22/hour in 2014.

Income inequality hurts both the rich and the poor and it is time for everyone to pay more attention to these issues.

Join a walkout tomorrow. You will be glad you did.

 

List of Organizations Working on Income Inequality

Inequality-Related Organizations and Institutions

Flickr/creative commons

Flickr/creative commons

We’ve spent the last few days tweeting and writing on this website to draw more people’s attention to the scourge of income inequality. There’s really no time to spare. Rectifying income inequality is the one and only solution to rescuing our failing economy, but it is also a matter of life and death.

We published a list of wealthy and powerful folks who understand the problem and what needs to be done who can be tapped as resources, sponsors, and donors. Today, we are publishing this list of organizations compiled by inequality.org, which you can join and/or work in coalition with, or consult as a guides to your own activism.

 

ORGANIZING PROJECTS

  • New Economy Working Group An informal think tank-media-business network alliance working to distribute and root economic power in people and communities, support the cooperative sharing of resources, and give priority to building the community wealth essential to the health and well-being of all.
  • Other 98 Percent A grassroots network of concerned citizens fed up with the status quo in Washington that’s seeking practical solutions to help Americans stand against the bankers, CEOs, and lobbyists who’ve hijacked our democracy to serve themselves at the expense of everyone else.
  • US UNCUT. A national grassroots movement drawing attention through direct action to unnecessary state and federal budget cuts in light of billions of dollars in unpaid taxes by corporate tax dodgers.
  • Common Security Club A network of locally based groups, situated in communities and congregations, that help participants learn more about today’s economic and ecological challenges, undertake mutual aid and shared action, and become part of a larger effort to create a fair and healthy economy that works for everyone.
  • Mind the Gap. An educational effort, sponsored by NETWORK, the national Catholic social justice lobby, that aims to help build understanding “about the causes and consequences of this huge wealth gap.”

ADVOCACY GROUPS

  • Wealth for Common Good A network of business leaders and high-income Americans working together to promote shared prosperity and fair taxation, with members who range from entrepreneurs and doctors to elected officials of all backgrounds and political stripes.
  • Business for Shared Prosperity Business owners, executives, and investors who support public policies and business practices that expand economic opportunity, reduce inequality, promote innovation, and rebuild our nation’s infrastructure for long-term success.
  • United for a Fair Economy A national group working to raise awareness about how concentrated wealth and power undermine the economy, corrupt democracy, deepen the racial divide, and tear communities apart.
  • On the Commons. A national network working to protect the commons and our commonwealth in ways that promote equity and sustainability.

THINK TANKS

  • Economic Policy Institute This Washington D.C. center has been broadening the discussion about economic policy to cover the interests of low- and middle-income workers since 1986.
  • Demos A New York City-based nonpartisan public policy research and advocacy organization working for a more equitable economy with widely shared prosperity and opportunity, among other goals.
  • Institute for Policy Studies A Washington, D.C. and Boston-based community of public scholars and organizers working with social movements to promote true democracy and challenge concentrated wealth, corporate influence, and military power.
  • Center for Economic and Policy Research.  A national research organization working to promote democratic debate on the most important economic and social issues that affect people’s lives.
  • Center on Budget and Policy Priorities A Washington, D.C.-based policy organization working at the federal and state levels on policies and programs that impact low- and moderate-income families and individuals.
  • Institute for Women’s Policy Research. A rigorous research group that explores how poverty and inequality affect women and also examines pay inequality between women and men.

INEQUALITY ANALYSIS

  • The Equality Trust A London-based effort, founded in 2009, that aims to reduce income inequality through a public and political education designed to widen understanding of the harm that income inequality inflicts on our modern societies.
  • Citizens for Tax Justice A Washington, D.C.-based public interest research and advocacy organization that seeks to give ordinary people a greater voice in tax policy, against the armies of special interest lobbyists for corporations and the wealthy.
  • Luxembourg Income Study A cross-national data archive and research institute based in Luxembourg that offers scholars and the general public alike access to comparative inequality indicators and commentary.
  • The Gini Project An interdisciplinary effort that draws on economics, sociology, political science, and health studies to examine the social impact of growing inequality.
  • Population Health Forum A Seattle-based initiative designed to raise awareness and initiate dialogue about how political, economic, and social inequalities interact to affect the overall health status of our society.

ACADEMIC CENTERS

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See also: Income Inequality Dampens Economic Growth for Rich and Poor Alikeand The Wealthy and Powerful Aid Social and Economic Justice Activists.

 

The Wealthy and Powerful Aid Social and Economic Justice Activists

10 Business Leaders that Just Say No to Income Equality

by Vince Lamb Flickr/creative commons

by Vince Lamb
Flickr/creative commons

A recent report from Standard & Poor’s (S&P) led us to examine more closely how income inequality dampens growth for rich in poor alike. Conservatives, as well as progressives, are beginning to better understand some of the underlying causes, and what can be done. Safety net programs such as social security and food stamps are not the culprit. Actually at fault are things like tax cuts for the highest earners, the tendency of rich people to accumulate wealth for the sake of accumulation without putting some back into the economy, and growing gaps in educational opportunity which inhibit social mobility.

Capital and Main collaborated with The Huffington Post to spotlight some powerful people who already understand the problem and are available now to be tapped as resources, sponsors, and donors in the struggle for social and economic justice. We have paraphrased it slightly (with credit) and added some hyperlinks  to help you on your way to greater advocacy on this important issue.

Here it is. Go get ’em!

  • Ben & Jerry’s ice cream co-founder Ben Cohen founded TrueMajority to stem the financial bailout of banks, and Business Leaders for Sensible Priorities to help transfer taxpayer money from military programs to education and health care.
  • Multinational investment manager Morris Pearl is a member of Patriotic Millionaires for Fiscal Strength which favors the end of tax cuts for the wealthy.
  • Library software entrepreneur Stephen M. Silberstein endorses corporate tax rates that tie CEO pay to average worker income, and executive-produced Robert Reich’s documentary Inequality for All.
  • Early Amazon.com investor Nick Hanauer has gone on record saying that the middle class consumer is the driver of job creation, advocating for higher median incomes instead of tax cuts for people with high incomes.
  • Republican Ron Unz seeks to raise the minimum wage because it is a conservative issue: If low-wage workers have more money, taxpayers will have to pay less for social programs.
  • Former CEO of AT&T Broadband Leo Hindery, Jr., supports the right of all Americans to join a union.
  • Board member of major corporations Erskine Bowles favors repealing tax breaks for companies moving jobs overseas, expanding “wage insurance” programs to give support to workers forced to work lower paying jobs, and creating nonprofit community development corporations. 
  • Retired civil rights attorney and major Democratic Party donor Guy T. Saperstein is a leading advocate for public option health care, and cautions against a possible President Hillary Clinton because of her close ties to Wall Street.
  • Shout! Factory CEO and philanthropist Richard Foos helps numerous community support organizations such as Chrysalis, which helps to train and employ the long-term unemployed.
  • Investment banker turned Columbia University Professor Eric J. Schoenberg joined the debate about economic inequality by revealing his own tax records in an article for the Huffington Post, pointing out that while the average American family with an income of $55,000 a year pays an effective 5.5 percent tax, Schoenberg pays only one percent.