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Keyword: wages

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  • Clinton Offers Proof that Trump Is Hurting Economy [semi-satire]

    04/02/2018 10:39:55 AM PDT · by John Semmens · 5 replies
    Semi-News/Semi-Satire ^ | 1 April 2018 | John Semmens
    As proof that Trump’s policies are bad for the dynamic sectors of the economy that prospered under Obama, former presidential candidate Hillary Clinton cited her drastically reduced speaking fees. In a speech at Rutgers University in New Jersey this week her honorarium was only $25,000–$7,000 less than reality TV star Nicole “Snooki” Polizzi from the show Jersey Shore received from Rutgers for a 2011 appearance and $175,000 less than Clinton’s typical asking price before the 2016 election. “The few thousand dollars in crumbs being awarded to middle class workers as a result of the tax cut legislation are dwarfed by...
  • Austinites must work 64 hours to pay a month’s rent

    02/13/2018 12:29:27 PM PST · by bgill · 50 replies
    kxan ^ | Feb. 13, 2018 | Kate Winkle
    With an average hourly wage of $18.64 (with taxes accounted for) and the median price of rent at $1,194 in Austin, SmartAsset calculated it would take about 64 hours for those living in Austin to make enough to cover their housing bills. Obviously, if people make more or less or if rent is less or greater, then those numbers shift. To calculate yours, take your monthly rent and divide it by how much you make an hour, after tax and deductions. San Jose, California, is the big city with the most hours of work needed to pay off rent, with...
  • This is EPIC –> Guy Benson shares HILARIOUS tax cuts montage that makes Dems look SO DAMN DUMB

    01/15/2018 11:49:25 AM PST · by RoosterRedux · 19 replies
    Twitchy ^ | Sam J.
    If you want to see for yourself how absolutely out of touch Democrats are about tax cuts you need look no further than this ABSOLUTELY EPIC video montage of fear-mongering from Dems followed by the reality of the tax cuts passage. Seriously, any Republican running this year should play this video to illustrate how damn dumb some of these people really are, WATCH: *snip* And wow, watching these so-called experts poo-poo all over tax cuts with their gloom and doom only to be proven wrong over and over again with ACTUAL reporting on the positive impacts the cuts are having...
  • A report that analyzed every minimum-wage hike since 1938 put a bunch of nonsense ideas to rest

    01/06/2018 3:27:48 PM PST · by free_life · 95 replies
    Business Insider ^ | Nick Hanauer
    We have been raising the minimum wage for 78 years, and as a new study clearly reveals, 78 years of minimum-wage hikes have produced zero evidence of the "job-killing" consequences these headline writers want us to fear. In a first-of-its-kind report, researchers at the National Employment Law Project pore over employment data from every federal increase since the minimum wage was first established, making "simple before-and-after comparisons of job-growth trends 12 months after each minimum-wage increase."
  • Canadians shocked when minimum wage hike negatively impacts workers

    01/06/2018 4:45:48 PM PST · by Kaslin · 18 replies
    Hot Air.com ^ | January 6, 2018 | JAZZ SHAW
    The Fight for 15 crowd is having more success in the Great White North than they’ve seen across much of the United States lately, with Ontario being the latest province to massively increase their minimum wage. What could possibly go wrong?As we’ve already seen repeatedly on our side of the border, quite a bit, actually. And as soon as the new mandatory minimum went into effect on January 1st, big employers of largely unskilled, lower wage workers responded in the only way available to them. They began cutting costs, starting with perks and benefits, but also reducing hours and even...
  • Iceland just made it illegal to pay men more than women

    01/04/2018 7:29:44 AM PST · by SeekAndFind · 46 replies
    Mirror ^ | 01/04/2018
    A European country has become the first in the world to make it illegal to pay men more than women. In Iceland, firms that employ more than 25 people must now obtain a government certificate demonstrating pay equality, under new rules that kicked in on 1 January. Those who fail to show equality will face penalty fines, according to broadcaster Al Jazeera. The law was announced on March 8 on International Women's Day 2017 as part of the Nordic country's drive to eradicate the gender pay gap by 2022. It comes after the UK reported a 16.9% pay gap between...
  • Fifth Third Bancorp Raises Minimum Hourly Wage, Issues Bonuses To Employees Due To GOP Tax Reform

    12/20/2017 2:04:10 PM PST · by Enlightened1 · 37 replies
    GP ^ | 12/20/17
    Thanks to Republicans passing historic tax reform, Fifth Third Bancorp announced it will “raise its minimum hourly wage for all employees to $15, and distribute one-time bonus of $1,000 to more than 13,500 employees.” BusinessWire reports: Fifth Third Bancorp announced plans today to raise its minimum hourly wage for all employees to $15, and distribute a one-time bonus of $1,000 for more than 13,500 employees. The actions are in appreciation for the commitment employees show in supporting customers and building stronger communities. […] Approximately 75 percent of employees will receive a pay increase or bonus. “We want to invest in our most...
  • Wealthy CEOs Lecture Americans To Show ‘Courage’ by Submitting to Diversity and Amnesty

    12/14/2017 8:18:10 PM PST · by Tolerance Sucks Rocks · 34 replies
    Big Government (Breitbart) ^ | December 14, 2017 | Neil Munro
    Americans should have the courage to ignore their written laws, to amnesty DACA illegals and accept an open-borders world, says an op-ed by two wealthy CEOs who stand to gain more wealth in a labor market flooded by low-wage migrants. The op-ed by Tim Cook (CEO of Apple, wealth $800 million and growing) and Charles Koch (Koch Industries, $49 billion and growing) was posted in the Washington Post newspaper owned by Jeff Bezos (owner of Amazon, $98 billion and growing). Under the headline “Congress must act on the ‘dreamers,’” it declared: We must do better. The United States is at...
  • African Americans are the only U.S. racial group earning less than in 2000

    10/15/2017 5:34:42 PM PDT · by GuavaCheesePuff · 59 replies
    Chicago Tribune ^ | September 15, 2017 | Heather Long
    African Americans were worse off financially in 2016 than they were in 2000. The median income for an African American household was $39,490 last year, according to U.S. Census Bureau data released last week. It was $41,363 in 2000. (Both figures are in 2016 dollars, so they have been adjusted for inflation). African Americans are the only racial group the Census Bureau identifies that has been left behind. White, Asian and Latino households have all seen at least modest income gains since 2000.
  • Insane: Virginia Candidate Wants A $26.80 Minimum Wage

    09/16/2017 9:33:46 PM PDT · by 2ndDivisionVet · 33 replies
    Townhall ^ | September 13, 2017 | Matt Vespa
    Oh, here we go with the minimum wage stuff again. And more proof that the $15/hour initiative really isn’t the end of the road. Frankly, Republicans should ask in response to these Democratic minimum wage proposals why can’t it be $40/hour or $100/hour? We all know that the $15/hour goal is a ruse and for Montigue Magruder, who is running for Virginia House of Delegates, he wants a $26.80 minimum wage (via Brandon Morse):(VIDEO-AT-LINK) He also wants to jack up the minimum wage to $26.80, a height that even Bernie Sanders hadn’t the stones to suggest to his followers. Magruder...
  • Why We're Doomed: The point is the present system cannot endure

    09/01/2017 8:44:20 AM PDT · by SeekAndFind · 13 replies
    Of Two Minds ^ | 08/31/2017 | Charles Hugh Smith
    Authored by Charles Hugh Smith via OfTwoMinds blog,The point is the present system cannot endure.Despite all the happy talk about "recovery" and higher growth, wages have gone nowhere since 2000--and for the bottom 20% of workers, they've gone nowhere since the 1970s.Gross domestic product (GDP) has risen smartly since 2000, but the share of GDP going to wages and salaries has plummeted: this is simply an extension of a 47-year downtrend.Last month I posted one reason Why We're Doomed: Our Economy's Toxic Inequality (August 16, 2017). The second half of why we're doomed is stagnant wages. Why do stagnating...
  • Why Are Unions Against the Right-to-Work?

    08/31/2017 11:04:44 AM PDT · by Sean_Anthony · 10 replies
    Canada Free Press ^ | 08/31/17 | Dr. Robert Owens
    I believe every citizen deserves the right to work and the right to organize and I don't believe these rights should be mutually exclusive I come from a union family. I grew up in a union home. The good pay and benefits gained by one of America’s greatest unions provided for my room and board every day that I lived at home. My father and my uncles were all proud union members. My brother and some of my best friends spent their entire careers as union workers and the unions are providing them with generous pensions and great benefits. I...
  • Trump says better jobs and wage will heal race relations...It would sure help!

    08/15/2017 6:09:56 PM PDT · by Liberty7732 · 15 replies
    Breitbart ^ | 8/15/2017
    The Make American Great Again economic program will improve race relations in the U.S., President Donald Trump said at a fiery press conference held in New York City’s Trump Tower on Tuesday.
  • The jobs report is far more fantastic than you probably realize.

    08/04/2017 7:15:21 PM PDT · by dangus · 13 replies
    BLS, FRED. | 08-04-2017 | Dangus
    Trump and the Republicans need to tout the jobs report better. Even ABC radio, which carries Rush Limbaugh and many other top conservative hosts was complaining that weak wage growth was dragging down the economy. NPR said wages were very weak, "this late into an economic recovery." This is shockingly untrue. In the first quarter of the year, real weekly earnings grew two 1982 inflation-adjusted dollars; that's about six real dollars. That's as much as real wages grew during the entire Obama administration. Wage growth then doubled THAT in the second quarter. And while we don't yet know the July...
  • The Cities Creating The Most High-Wage Jobs

    07/03/2017 8:06:46 PM PDT · by 2ndDivisionVet · 18 replies
    Forbes ^ | June 26, 2017 | Joel Kotkin and Michael Shires
    As the country moves toward full employment, at least as economists define it, the quality of jobs has replaced joblessness as the primary concern. With wages still stagnant, rising an anemic 2.5% in the year to May, the biggest challenge for most parts of the U.S. is not getting more people into the workforce but rather driving the creation of the types of jobs that can sustain a middle-class quality of life. To that end, the key sector to watch is business and professional services. By far the nation’s largest high-wage sector -- including such fields as law, accounting, architecture,...
  • Lessons from Seattle’s courageous minimum-wage experiment

    07/01/2017 10:25:57 AM PDT · by Renkluaf · 66 replies
    Seattle Times ^ | 6/28/17 | Mark C. Long and Robert D. Plotnick
    U.S. Supreme Court Justice Louis Brandeis wrote: “a single courageous state may, if its citizens choose, serve as a laboratory; and try novel social and economic experiments without risk to the rest of the country.” Seattle’s Minimum Wage Ordinance, passed in 2014, exemplifies courageous experimentation by a local government. The ordinance aims to increase earnings of low-wage workers as one response to the troubling rise in income inequality and stagnant wages of low-wage workers. There is national and international interest in knowing how it is working. Unfortunately, not all social experiments work entirely as planned. On April 1, 2015, the...
  • Not Just Seattle. NYC Feeling The Heat From Minimum Wage Hikes

    06/27/2017 7:43:26 AM PDT · by SeekAndFind · 13 replies
    Hotair ^ | 06/27/2017 | Jazz Shaw
    Yesterday, Ed Morrissey looked at the “controversial” (not really) figures coming out of Seattle showing the downward pressure on employment and wages experienced there since the minimum wage suddenly spiked upward. This is unwelcome news in the Fight For 15 community and they’re pushing back on it as hard as possible. But the figures don’t lie and this result was entirely predictable in a free market economy. Seattle, however, isn’t the only place this effect is being seen. The minimum wage has been jumping upward in New York City also and similar effects are being felt. Nowhere is this...
  • Unemployment Is Approaching A Historic Low. So Why Aren't Wages Shooting Up?

    06/01/2017 11:23:02 AM PDT · by SeekAndFind · 58 replies
    BuzzFeed ^ | 06/01/2017 | Matthew Zeitlin
    There's something weird going on with the US economy. It's steadily adding new jobs, at a pace of about 185,000 every month. Unemployment keeps falling: at 4.4%, it's at its lowest since May, 2007. But people's wages aren't growing at the rate you'd expect them to when unemployment is this low and hiring is so healthy. So what's happening? One explanation is there's a larger pool of people who are starting to look for work — people who weren't previously considered unemployed. If that's the case, companies don't need to boost wages to compete for workers, because there's more people...
  • Trump's jobs plan may create better-paying jobs than we're used to

    03/13/2017 6:55:25 PM PDT · by 2ndDivisionVet · 16 replies
    CNBC ^ | March 13, 2017 | Evelyn Cheng
    Infrastructure spending is the key to increasing economic growth, because it will give Americans better-paying jobs, a prominent investment banker and economist said. "The private sector has done all it reasonably can, yet the U.S. labor market remains a shadow of its former self. It is time to rebuild America," Daniel Alpert, a founding managing partner of Westwood Capital, said Monday in a presentation titled "The Case for Aggressive Fiscal Spending on Infrastructure in 2017."(continued)
  • Should the United States Abandon the Federal Reserve System?

    03/09/2017 8:07:43 PM PST · by Tolerance Sucks Rocks · 54 replies
    Economics Wire ^ | March 9, 2017 | Viliyana Filipova / Mr. Conrad
    The Federal Reserve gives us the freedom to buy things now that we would otherwise have to wait for.In looking at the Federal Reserve, it is important to note that this is a money system, not just a group of people sitting in a conference room controlling everything having to do with the US dollar. The Fed is a system just like the government of the US is a system. What that means is that no one controls it, and that it is much bigger than any one person or group of people could ever control. They can guide it,...