Addressing an image problem?: American Investment Council highlights positives of private equity in Ohio and the rest of the U.S.
Addressing an image problem?: American Investment Council highlights positives of private equity in Ohio and the rest of the U.S.
According to a ...
According to a new report from the American Investment Council (AIC) that clearly addresses private equity's image problem, the PE industry supports more than 958,000 Ohio jobs and provides state and local taxes of nearly $2.2 billion.
Ohio ranks seventh in the country in terms the number of PE-supported jobs, according to the report. (The top three, in order, are California, Texas and New York.) The job numbers represent direct employment at PE firms and PE-backed companies, as well as related supplier jobs. By the same metrics, PE supports more than 26.3 million jobs nationwide.
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Following New Findings on the Effects of Unstable Schedules, Congress to Pursue Fair Scheduling Legislation
10.17.2019
WASHINGTON -- In a roundtable discussion today with retail workers,...
10.17.2019
WASHINGTON -- In a roundtable discussion today with retail workers, sociologists and policy advocates, Representative Rosa DeLauro (D-CT) announced her intention to introduce the Schedules that Work Act to provide predictable work hours for hourly employees in low-wage industries. Representative DeLauro and Senator Elizabeth Warren will jointly reintroduce the bill in the coming weeks.
"The biggest economic challenge of our time is that people are working in jobs that do not pay them enough to keep up with the rising costs of healthcare, child care, housing, and education,” said Congresswoman DeLauro. “That problem is compounded when working people do not have a voice in their schedules, which not only impacts them, but also their families. That is why I will be reintroducing the Schedules That Work Act with Senator Warren. Working people deserve to have dignity in their work and the ability to plan their lives, and our legislation will ensure that they do."
The discussion, hosted by the Washington Center for Equitable Growth, the Center for Popular Democracy, United for Respect and the National Women’s Law Center, addressed a new report from University of California researchers Daniel Schneider and Kristen Harknett documenting how widespread unstable work hours are in the service sector, and the severe impact of this instability on U.S. workers and their families. In their survey, of 30,000 retail and food service workers at 120 of the largest U.S. retail and food service companies, they found significant negative impacts of unpredictable schedules across a worker’s life and family. The survey was first reported in The New York Times.
According to the report, having an unpredictable work schedule:
Raises the likelihood that workers will experience material hardship, including food and housing insecurity;
Destabilizes children’s routines and care arrangements, heightening children’s anxiety and behavioral challenges and forcing parents to rely on inconsistent and low-quality child care;
Increases the likelihood a worker will quit their job; and
Perpetuates racial inequality: workers of color, particularly women of color, experience more unstable work hours than their white coworkers at the same employer.
In the course of the roundtable conversation, workers shared how their experiences with unstable schedules impacted their families and other areas of their lives.
“At Big Lots, my work schedule wasn’t made available to me until the day before our workweek began. It made it so stressful and difficult to plan ahead for the week, because I’m the sole provider for my children and my mom,” said Brandy Powell, United for Respect leader and mother who works retail in California. “I deserve a say in when I work, and I deserve advance notice when I’m expected to work. When I told Big Lots I wouldn’t be available because my kids had doctor’s visits, they ignored my shift requests and called me into work. I was forced to quit my job after 11 months because it was too much stress for me and my family.”
The workers were joined by representatives from the National Women’s Law Center, the Washington Center for Equitable Growth and One Pennsylvania.
“When so many women don’t have enough notice of their schedules to plan their lives and care for their kids, when they don’t have enough hours to pay for rent and groceries and child care, it’s no wonder that we’re still seeing gender wage gaps—gaps that are especially wide for women of color and women who are moms, and for moms who are women of color most of all,” said Fatima Goss Graves, President and CEO of the National Women’s Law Center. “That’s why we need the Schedules That Work Act and the Part-Time Worker Bill of Rights.”
The Schedules that Work Act would require employers in the retail, food service, cleaning, hospitality and warehouse sectors to provide two weeks’ advance notice of work schedules and compensate workers for employer-initiated shift changes. The bill would also protect workers’ right to input into work schedules and at least eleven hours of nightly rest between work shifts. The forthcoming Part-Time Worker Bill of Rights, to be introduced by Rep. Jan Schakowsky (D-IL-09), will allow part-time hourly workers to pick up additional hours before the employer can hire new staff, along with other protections for part-time workers--who typically experience lower pay and access to benefits, as well as greater scheduling instability, than their full-time counterparts.
States and cities are also moving forward with introducing legislation to guarantee a fair workweek. Last year, Philadelphia and Chicago became the latest cities to pass fair scheduling legislation. Similar measures are already law in Oregon, Seattle, WA; Emeryville, CA; San Francisco, CA; and New York, NY.
Los Angeles, Washington state, and New Jersey are considering similar bills during their upcoming legislative sessions.
“Workers from New York to Oregon and Los Angeles to Chicago have been standing up to demand a Fair Workweek so that they and their families can thrive,” said Rachel Deutsch with the Center for Popular Democracy’s Fair Workweek Initiative. “We hope members of Congress will pass the Schedules That Work Act and Part-Time Worker Bill of Rights to ensure that millions of workers can rely on predictable and stable hours.”
In June, the Los Angeles City Council directed the City Attorney to draft a fair workweek ordinance, and workers with UFCW local 770, Los Angeles Alliance for a New Economy, and other community groups urged the council to act quickly during a hearing on October 15. In Washington, a coalition led by UFCW Local 21 and Working Washington is backing policy championed by state senator Rebecca Saldaña and representative Nicole Macri. On October 16, New Jersey Senate Majority Leader Loretta Weinberg announced her intention to introduce fair workweek legislation at a press conference with Make the Road New Jersey, United for Respect, Unite Here, SEIU, NJ Citizen Action, and other allies.
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Media Contact: Lia Weintraub, lweintraub@populardemocracy.org, 202-618-2482How Unpredictable Work Hours Turn Families Upside Down
How Unpredictable Work Hours Turn Families Upside Down
Unpredictable schedules can be brutal for hourly workers, upending their lives. New research shows that African-Americans, Hispanics and other minorities — particularly women — are much more...
Unpredictable schedules can be brutal for hourly workers, upending their lives. New research shows that African-Americans, Hispanics and other minorities — particularly women — are much more likely to be assigned irregular schedules, and that the harmful repercussions are felt not just by the workers but also their families.
The findings come from continuing surveys of 30,000 hourly workers by the Shift Project at the University of California. The researchers compared workers who earned the same wages, including at the same employers, but had different degrees of predictability in their schedules. Those with irregular hours fared worse — and so did their children.
Black and Hispanic women had the worst schedules, and white men had the best, the researchers found. The children of workers with precarious schedules had worse behavior and more inconsistent child care than those whose parents had stable schedules.
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The movement to make workers’ schedules more humane
Alicia Fleming had worked as a server at restaurants in Massachusetts for a decade and a half. She enjoyed the work, but after she had her son at the age of 32, she found it impossible...
Alicia Fleming had worked as a server at restaurants in Massachusetts for a decade and a half. She enjoyed the work, but after she had her son at the age of 32, she found it impossible to stay in the job.
“The restaurant is looking at their bottom dollar,” Fleming said, “and won’t schedule you unless they absolutely need you. And then you don’t know until a few days before whether or not you’re even going to be asked to work.”
The result was that — as a single parent without close family nearby — Fleming was often scrambling to find childcare. When she wasn’t able to do so on short notice, she’d have to miss a shift. Her income fluctuated from week to week, and even though she was still employed at the restaurant, she was struggling to make ends meet.
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Target raised wages. But some workers say their hours were cut, leaving them struggling
Target raised wages. But some workers say their hours were cut, leaving them struggling
Two years ago, Target (TGT) said it would raise its minimum wage to ...
Two years ago, Target (TGT) said it would raise its minimum wage to $15 an hour by the end of 2020. The move won praise from labor advocates and put pressure on other companies to also move to $15.
But some store workers say the wage increases are not helping because their hours are falling, making it difficult to keep their health insurance and in some cases to pay their bills. Read the full article here.How Working Families Can Impact Private Equity
How Working Families Can Impact Private Equity
Looking at economies around the world, it’s easy to think that reconciling markets with justice, or profit with basic fairness and human decency, is simply impossible. With the looming risks that...
Looking at economies around the world, it’s easy to think that reconciling markets with justice, or profit with basic fairness and human decency, is simply impossible. With the looming risks that come with automation and other technology-related shifts in the nature of work, the tension between what’s good for investors and what’s good for workers has seemed increasingly difficult to resolve.
There is great uncertainty about the future of work—and for many reasons, not least the lack of focused political will and policy attention to the future of work and workers. One reminder of that inattention is the sharp growth of economic insecurity over recent decades, even as the income and wealth of the affluent soared. As Nobel Prize-winning economist Joseph Stiglitz persuasively argues, based on decades of economic trends across the globe, “inequality is a choice,” not the inevitable consequence of technological progress, the laws of physics, or the iron law of the market.
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Social services and education meet in Fairfax County’s community schools program
Social services and education meet in Fairfax County’s community schools program
When Fairfax County Public Schools appointed Clint Mitchell as the new principal at Mount Vernon Woods Elementary School, the district’s primary directive to its newest administrator was change...
When Fairfax County Public Schools appointed Clint Mitchell as the new principal at Mount Vernon Woods Elementary School, the district’s primary directive to its newest administrator was change the culture.
It did not take Mitchell long to understand why.
A native of the Caribbean island St. Lucia who immigrated to New York as a teenager, Mitchell worked in public education first as a teacher and then as an administrator for more than 16 years before FCPS hired him in August 2016.
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Housing Movement Demands Find Some Recognition in Congress
Housing Movement Demands Find Some Recognition in Congress
Campaigns for rent control and tenant protections that have been simmering for years in high-cost cities have managed to break through to the national level in the last few months. Two progressive...
Campaigns for rent control and tenant protections that have been simmering for years in high-cost cities have managed to break through to the national level in the last few months. Two progressive coalitions with roots in tenant organizing, centered around People’s Action in Chicago and the Center for Popular Democracy in Brooklyn, launched campaigns with overlapping demands. The “Homes Guarantee” campaign, convened by People’s Action, calls for the development of 12 million “social housing” units to be owned publicly and rented at rates that anyone can afford, regardless of income. The “Home to Thrive” platform, which the Center for Popular Democracy brought to Congress in September, demands a range of federal protections, including national rent control and a ban on evictions without just cause. The demands are picking up champions in public office.
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Wall Street pulled its financing. Stocks have plummeted. But private prisons still thrive.
Wall Street pulled its financing. Stocks have plummeted. But private prisons still thrive.
Over the past year, private prison giants CoreCivic and GEO Group have been abandoned by Wall Street and seen their stock prices plummet.
Activists are rejoicing in the...
Over the past year, private prison giants CoreCivic and GEO Group have been abandoned by Wall Street and seen their stock prices plummet.
Activists are rejoicing in the success of the campaigns they waged against the companies for profiting from President Trump’s immigration policies and are planning even more protests.
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The '94 Crime Bill 25 Years Later: It's Time for a Reckoning [Op-Ed]
The '94 Crime Bill 25 Years Later: It's Time for a Reckoning [Op-Ed]
It’s been 25 years since Congress passed the Violent Crime Control and Law Enforcement Act of 1994—...
It’s been 25 years since Congress passed the Violent Crime Control and Law Enforcement Act of 1994—also known as the ’94 Crime Bill. Signed into law by President Bill Clinton and authored by now-presidential hopeful Joe Biden, it was designed to send a political message that Democrats could be just as tough on crime as their Republican counterparts. It was supposed to reduce “violent crime” by imposing longer jail sentences, creating more death penalty-eligible offenses, cutting higher educational opportunities for incarcerated people, and providing billions of dollars to states to build more prisons and hire 100,000 new police officers. In short, the plan was to lock up more people, lock them up longer, and lock them up in more places. It was a brutal strategy that targeted and devastated Black and Brown communities for an entire generation.
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1 month ago
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