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Fighting for a High Wage America

You're invited to "Reinvesting in Innovation and the Industrial Heartland" on June 13, 2017 - a lunchtime event to launch a new project of Jeff Madrick and The Century Foundation that says it's time that American workers got a raise. This event will feature opening remarks by Senator Bob Casey (D-PA), Representative Marcy Kaptur (D-OH-9), Heartland's Tom Croft and Amy Goldstein of the Washington Post, author of "Janesville: An American Story." The "High Wage America Project" is a research and policy program led by The Century Foundation's Bernard L. Schwartz Rediscovering Government Initiative. It will focus on how to bring high wage work back to America's heartland, through revitalizing man

Public Policy and Investments in Good Quality Jobs

Despite years of economic growth and a declining unemployment rate, the economy – from the perspective of many Americans – is far from healthy. For decades, wages for everyone but the top quintile of earners have remained stagnant or declined, while Americans’ participation in the workforce is at its lowest level in nearly forty years. At Pacific Community Ventures, we believe that community development financial institutions (CDFIs) and the broader impact investing industry are ideally positioned to tackle this issue by supporting businesses that create high-quality jobs offering decent wages, benefits, career and wealth-building opportunities, and fair and engaging workplaces. Yet America’

AFL-CIO HIT, with HIT Vice Chairman Jack Quinn, President of Erie Community College & Special

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A Sad Farewell to Rich Ferlauto

We are extremely saddened this week to hear of the passing of Rich Ferlauto. Rich most recently co-founded the 50-50 Climate Project, and before that was a staff member at the SEC. He notably launched and led the AFSCME capital stewardship office for many years. I've known Rich for over two decades, and though I only saw him infrequently, I can say that he was one of the most cheerful, optimistic, vigilant warriors for worker justice, good corporate governance and retirement security that I’ve ever met. Many years ago, I spent three days with Rich (and some other scruffy activists) at Blue Mountain Lake, an organizing retreat. Those were the days of Rich’s rabble-rousing at the Center for

State bid for retirement savings plan is blocked

A pioneering, California-led effort to create retirement security for low-income workers has been thrown into jeopardy after the U.S. Senate voted Wednesday to block states from starting programs to automatically enroll millions of people in IRA-type savings plans. The measure, aimed at stopping the fledgling state retirement programs, now goes to President Trump, who has vowed to sign it. That leaves lawmakers in California, Illinois and other states, who only months ago were celebrating the success of their long-planned initiative, scrambling to regroup. The Senate voted 50 to 49 to stop the state plans. The retirement programs, which were about to launch in seven states and are under cons

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