Amy Traub

Amy Traub is Senior Policy Analyst at Demos. She is the author of "The Plastic Safety Net: Findings from the 2012 National Survey on Credit Card Debt of Low- And Middle-Income Households," and "Discrediting America: The Urgent Need To Reform The Nation's Credit Reporting Industry," among other reports and research. 

Recent Articles

Capitol Workers Strike to Protest Federally Subsidized Inequality

It’s their fifth strike in five months, but the workers of Good Jobs Nation didn’t seem the least bit tired this morning. Low-paid employees from the food courts of federal buildings, the gift shops of the Smithsonian, and others employed under federal contracts, concessions, and lease agreements donned matching t-shirts, picked up signs and marched to the White House. Congress might be locked in endless, dismal debates about defunding health care and cutting food stamps, but President Obama—the man who recently said reversing rising inequality was his highest priority ,—could sign an executive order with the potential to raise wages for 560,000 low-paid contract employees. The workers delivered a petition with 250,000 signatures calling on the President to take action. Fifteen U.S. Senators submitted their own letter , urging President Obama to use his executive authority to “require federal agencies to give major preference in awarding contracts to companies that… pay their workers...

Ten Reasons Fast Food Workers Deserve A Raise

There is a growing, industry-wide movement to push the fast food economy to work for all involved. Today, workers have called for a national strike that is expected to cross company lines and reach dozens of cities. The fast food labor force has never been protected by collective bargaining power or labor scarcity, making their demands for higher wages and the right to organize a unique historical event. It is also a bold stance from workers made vulnerable by a frail economy, asking for benefits that reach well beyond their own household budgets to the economy as a whole. Right now, fast food companies keep employees at poverty-level wages while reaping billions of dollars in profits for their shareholders every year. Across the economy this practice drives increasing inequality, slow growth, and declining living standards. It is holding back our economic recovery and contributing to our high poverty rates and rates of working poor. Americans deserve better. The fast food workers’...

How Vast Error-Prone Databases Are Trashing Our Economic Lives

Our personal information is compiled, traded, analyzed, and sold off as never before. Not only do business and government track us online, but retailers trace our cell phones through stores , and vast, little-known databases can keep us from getting jobs, qualifying for loans, and opening bank accounts. Three news reports this week highlight the growing impact of these databases on our daily lives—and the critical need for oversight to ensure that information is compiled accurately, that errors can be fixed, and that the resulting data is used fairly rather than becoming a new means of discrimination against already-disadvantaged citizens. The Consumer Financial Protection Bureau, whose director was finally confirmed by Congress after more than two years of delay, will have its work cut out for it. Consider the report in today’s New York Times finding that more than a million low-income Americans have been denied the opportunity to open bank accounts because of little-known databases...

Confirm Cordray Already!

The Senate confirmation vote on Richard Cordray this week won’t have much to do with Richard Cordray. As I wrote when the Senate Banking Committee considered the Cordray nomination back in March, nobody disputes the idea that the former Ohio Attorney General, who has led the CFPB since January 2012, is highly competent and supremely qualified to continue in his position. Nor is the impact of the agency itself in doubt: in 2012 alone, 6 million U.S. consumers received refunds from financial services companies as a result of CFPB enforcement actions, according to Americans for Financial Reform, and the agency has handled more than 130,000 consumer complaints since it opened its doors less than two years ago. Whether it’s protecting consumers from the type of reckless and deceptive mortgage lending that sparked the economic downturn or beginning to oversee the massive credit reporting companies that shape the financial lives of American consumers , the CFPB has proven itself to be a...

How Our Tax Dollars Are Fueling Inequality

(Good Jobs Nation)
My name is Roxanne Mimms and I work for a food service contractor at the National Zoo. I work full time but make barely minimum wage. I’m here because workers can’t live off what contractors pay us. I’m here because I don’t want my two children to grow up on public assistance. I’m here because I have dreams – My American Dream is a good job with fair wages to provide for my children, being able to pay my bills on time and save for the future. I’m here because I want to help all the workers at the National Zoo whose dreams are on hold.” I was proud to stand with Ms. Mimms—and see her beautiful little ones—at the launch of Good Jobs Nation Wednesday morning in Washington, D.C. Ms. Mimms and other employees working for federal contractors and other private businesses serving the American public joined together to speak out about their wages and working conditions. Faith leaders, community groups, and members of Congress—including Representatives Keith Ellison and Eleanor Holmes Norton—...