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Keyword: wages

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  • This is the huge question Democrats wont (and can't) answer as they peddle the gender wage gap myth

    04/09/2014 3:14:40 PM PDT · by The Looking Spoon · 18 replies
    The Looking Spoon ^ | 4-9-14 | The Looking Spoon
    See a comprehensive takedown of liberals on this issue at Legal Insurrection.
  • 9 Of The Top 10 Occupations In America Pay An Average Wage Of Less Than $35,000 A Year

    04/03/2014 2:55:01 PM PDT · by SeekAndFind · 45 replies
    TEC ^ | 04/03/2014 | Michael Snyder
    According to stunning new numbers just released by the federal government, nine of the top ten most commonly held jobs in the United States pay an average wage of less than $35,000 a year. When you break that down, that means that most of these workers are making less than $3,000 a month before taxes. And once you consider how we are being taxed into oblivion, things become even more frightening. Can you pay a mortgage and support a family on just a couple grand a month? Of course not. In the old days, a single income would enable a...
  • The High Costs of Obamacare

    03/16/2014 11:38:15 AM PDT · by Innovative · 12 replies
    Real Clear Politics ^ | March 16, 2014 | Jack Kelly
    Obamacare will reduce the earnings of its 300,000 members by up to $5 an hour by requiring them to buy health insurance, according to a report by Unite Here, a union which represents chiefly lower-wage workers in service industries. The union said it “threatens the middle class with higher premiums, loss of hours and a shift to part-time work and less comprehensive coverage.” Americans who says they’ve been hurt by Obamacare outnumber those who say they’ve benefited from it by more than 2 to 1, according to recent polls by both Rasmussen and Gallup.
  • Milford crowd confronts Malloy on gun laws, wage increase

    03/06/2014 6:48:18 AM PST · by Biggirl · 2 replies
    New Haven Register ^ | March 6, 2014 | Jennifer Swift
    MILFORD >> Residents with a collage of questions and suggestions made their way to the microphone held by Lt. Gov. Nancy Wyman at a town hall event in Milford. Gov. Dannel P. Malloy stood at the lectern in City Hall Wednesday to answer as many questions he could in an hour — or directed people to the right staff member to contact to follow up.
  • Are We Entering Another Stagflation Era?

    02/19/2014 6:04:43 AM PST · by IBD editorial writer · 14 replies
    Investor's Business Daily ^ | 02/18/2014 | IBD Staff
    Economy: Food and energy prices are rising, wages are flat and the top concern among Americans is unemployment. What was that word coined in the '70s to describe a stagnant economy suffering inflationary pressures? Since the Obama "recovery" started 4-1/2 years ago, inflation appears to have been relatively tame, with core prices climbing just 7% from June 2009 to December 2013. But as CBS News discovered when it looked a little closer, the overall number is deceptive. In fact, it found food prices soaring. The official inflation data confirm this. Overall, food prices are up 9% since June 2009, according...
  • Obamacare’s $70 billion pay cut

    02/10/2014 9:05:19 PM PST · by 2ndDivisionVet · 3 replies
    The Washington Post ^ | February 10, 2014 | Marc A. Thiessen
    In his State of the Union address, President Obama urged Congress to “give America a raise.” Well, it turns out that Obama is giving America a $70 billion annual pay cut, courtesy of Obamacare. That is the overlooked nugget in the new Congressional Budget Office report detailing the economic costs of Obamacare. While much attention has been paid to the report’s finding that Obamacare will reduce employment by as much as 2.5 million workers, buried on page 117 (Appendix C) is this bombshell: “CBO estimates that the ACA will cause a reduction of roughly 1 percent in aggregate labor compensation...
  • Minimum Wages: Few Benefits, Many Consequences

    02/10/2014 2:25:41 PM PST · by ThethoughtsofGreg · 4 replies
    American Legislator ^ | 2-10-14 | Will Freeland
    President Obama’s recent State of the Union address was the culmination of months of advocacy from Democrats and activists for a higher minimum wage. The President proposed a raise to the minimum wage for federal contractors by executive order to $10.10 per hour and called on Congress to raise the national minimum wage for all workers to the same mark, along with indexing it to inflation. A raise of the national minimum wage was framed as giving low income workers the “living wage” they deserve and fighting perceived growth in income inequality in America. Though the President’s proposal is well...
  • Almost Everything You Have Been Told About The Minimum Wage Is False

    02/04/2014 6:36:13 AM PST · by ThethoughtsofGreg · 23 replies
    Forbes ^ | 1-30-13 | Jeffrey Dorfman
    The Democrats, their union supporters, and liberals in general are making a hard and concerted push for an increase in the minimum wage. President Obama mentioned the subject prominently in his State of the Union address on Tuesday night and even promised to take executive action to increase the minimum wage federal contractors must pay their workers starting in 2015. While Republicans and small business owners are sure to resist this push, it is important that everyone on both sides debates the issue with the correct facts. Much of what you hear about the minimum wage is completely untrue. First,...
  • How to Increase Unemployment: Gang of Eight–style reform would depress wages of low-skill workers.

    01/10/2014 5:03:31 AM PST · by SeekAndFind · 3 replies
    National Review ^ | 01/10/2014 | Andrew Stiles
    Five years after winning control of the White House and Congress, Democrats can’t wait a minute longer for a serious conversation about income inequality, a problem that is considerably worse under President Obama than it was under his much-maligned GOP predecessor. Republicans naturally accuse the president of wanting to double down on anti-poverty measures that haven’t worked, but they too seem eager to engage the issue. This decision to make income inequality the priority issue in 2014 is noteworthy in light of last year’s priority issue: comprehensive immigration reform. Although dormant for the past few months, immigration reform is still...
  • McDonald's shuts down internal website

    12/27/2013 4:30:47 AM PST · by SoFloFreeper · 27 replies
    WWLP-TV ^ | 12/27/13
    McDonald’s has pulled an internal website that advised its workers to avoid eating the fast food it sells... It was the last straw after a long list of embarrassments calling even more attention to what workers are already protesting that it's hard to live on a McDonald’s wage. “If everyone is talking about these gaffes and pr nightmares, that just draws attention to the fast food strikes and I don't think that's what McDonald’s should be drawing attention to,” said CNN money writer Emily Fox Recently the web site instructed McDonald’s workers how to find a second job, sell off...
  • Influential voices in food movement seek better worker wages

    12/25/2013 10:57:28 AM PST · by thecodont · 42 replies
    San Francisco Chronicle / ^ | Updated 10:01 pm, Tuesday, December 24, 2013 | Joe Garofoli
    Since he wrote "Fast Food Nation" more than a decade ago, muckraking author Eric Schlosser has noticed a sympathy gap in the food movement that he helped foster. Some foodies seem to care more about the treatment of the animals they eat than the workers who prepare and serve them. "It's not all foodies by any means," Schlosser said. "But the food movement can get sidetracked into wealthy, upper-middle-class people caring about food as status, caring about food as pleasure. I'm a huge supporter of animal welfare, but the compassion for the abuse of animals is so much more excessive,...
  • Rising riches: 1 in 5 in US reaches affluence

    12/09/2013 11:08:41 PM PST · by 2ndDivisionVet · 15 replies
    The Associated Press ^ | December 9, 2013 | Hope Yen
    Fully 20 percent of U.S. adults become rich for parts of their lives, wielding extensive influence over America's economy and politics, according to new survey data. These "new rich," made up largely of older professionals, working married couples and more educated singles, are becoming politically influential, and economists say their capacity to spend is key to the U.S. economic recovery. But their rise is also a sign of the nation's continuing economic polarization. They extend well beyond the wealthiest 1 percent, a traditional group of super-rich millionaires and billionaires with long-held family assets. The new rich have household income of...
  • A United States 'Spring' Coming?

    12/08/2013 8:59:20 AM PST · by 2ndDivisionVet · 57 replies
    ABC News ^ | December 5, 2013 | Matthew Dowd
    Could an "Arab Spring" type of upheaval be brewing in the United States? Is the frustration and anger toward our dysfunctional politics and economics beginning to reach a tipping point where young folks begin to push for profound change? Has our democracy become so broken that citizens are going to find creative avenues to express their feelings? Will we pass through the holidays and winter of our dysfunction to arrive at a spring of change? I sense a movement of social unrest growing strongly and quietly towards our own version of the Arab Spring. Let's take a look at some...
  • How Obama can bypass Tea Party Congress (and raise fast food worker wages)

    12/04/2013 5:59:31 PM PST · by Libloather · 14 replies
    Salon ^ | 12/04/13 | Josh Eidelson
    The White House has offered “no response” to a months-old call from congressional Democrats to bypass Congress and use executive action to raise workers’ wages, the co-chair of the Congressional Progressive Caucus told Salon Tuesday afternoon. “It wasn’t responded to,” said Rep. Raul Grijalva, D-Ariz. “I mean, the response would have been, ‘We’re working on it, we’re looking into it,’ ‘We feel it’s a good idea,’ or, ‘No, we’re not going to do it.’ Any of those is a response. We received none of that.” Grijalva pledged that, starting with a Thursday rally at the National Air and Space Museum,...
  • Minimum Wage Battles in Michigan

    11/26/2013 1:11:26 PM PST · by MichCapCon · 8 replies
    Capitol Confidential ^ | 11/24/2013 | James Hohman
    One of the seven principles of sound public policy is that we consider long-run effects and all people, not short-run effects and a few people. The latest push for an increase in the minimum wage could use more of a consideration of the long-term effects on all people. The stated goal of proponents for a higher minimum wage is to help struggling families, according to Fight for 15, the union-sponsored group supporting fast food strikes around the country. In 2012, however, 55 percent of all minimum wage workers were between 16 and 24 years old, according to the Bureau of...
  • Switzerland's Proposed New Law To Link Executives' Pay With Their Lowest Paid Workers

    11/19/2013 12:10:37 PM PST · by SeekAndFind · 35 replies
    Business Insider ^ | 11/19/2013 | CAROLINE COPLEY
    Switzerland will vote on Sunday on whether to limit the salaries of top executives so they don't earn more in a month than the lowest paid workers earn in a year, a move that could mean big pay cuts for business leaders earning millions. The so-called 1:12 initiative for Fair Pay, the latest attempt to narrow a growing wage gap in one of the world's wealthiest nations, was brought about by the youth wing of the Social Democrats (JUSO), who gathered the 100,000 signatures needed to force a nationwide vote. Despite its high standard of living, Switzerland is a generally...
  • Obama courting CEOs on immigration widens conservative split, raises issue of corporate motives

    11/10/2013 5:41:32 AM PST · by KeyLargo · 11 replies ^ | Nov 10, 2013
    POLITICS Obama courting CEOs on immigration widens conservative split, raises issue of corporate motives Published November 10, 2013 President Obama's courting of top U.S. executives this week to help get the Republican-controlled House to pass immigration reform is furthering the divide among conservatives, with a top GOP senator and others suggesting corporate America is lending its support with hopes of getting more access to low-cost immigrant labor. The president said before the White House meeting Tuesday that he and others who support comprehensive immigration reform passed in the Senate know the “politics are challenging” in the House and that...
  • BLS: Real Median Earnings Dropped In Q3 2013, Down 3.5% Since End Of Recession

    11/01/2013 1:14:07 PM PDT · by whitedog57 · 3 replies
    Confounded Interest ^ | 11/01/2013 | Anthony B. Sanders
    According to the Bureau of Labor Statistics, the real median earnings of Americans dropped in the third quarter of 2013. blsheaderrealmedianwage According to the National Bureau of Economic Research (NBER), the great recession ended in June 2009. Since the end of the Great Recession, real median earnings for Americans have dropped 3.5%. Any wonder why mortgage purchase applications are so low … mbapurchase1995 and money velocity is dying? m2velosp20
  • Data Center: Current and projected average BART wages

    10/16/2013 6:18:40 AM PDT · by artichokegrower · 8 replies
    San Jose Mercury ^ | Oct. 15, 2013 | Daniel J. Willis
    To help you keep track of where both sides stand in the BART contract negotiations, here are our best estimates of current average salaries by bargaining unit based on the 2012 Public Employee Salary Database. This page will be updated as new contracts are proposed. Last updated 5:26 pm Oct. 14 to reflect the latest contract proposal by BART management.
  • Strippers Are Protected by Labor Laws, Judge Says

    09/11/2013 4:34:24 AM PDT · by SoFloFreeper · 6 replies
    NY TIMES ^ | 9/10/13 | PATRICK McGEEHAN
    As she shook her bare backside for the sparse afternoon crowd at Rick’s Cabaret, the dancer introduced as Vanessa appeared to be more committed to her work than the typical clock-puncher. But a federal judge ruled on Tuesday that she and her fellow strippers were hourly workers who deserved at least the minimum wage. The judge, Paul A. Engelmayer of the Southern District, ruled that the dancers who strip to their G-strings and stilettos every day and night at Rick’s are indeed employees protected by federal and state labor laws. The ruling came in a class-action lawsuit filed on behalf...
  • Burger Restaurant To Pay Entry Level Workers $15 An Hour

    09/11/2013 1:51:54 AM PDT · by SoFloFreeper · 66 replies
    Opposing ^ | 9/9/13 | Michael Allen
    ... a local burger joint outside of Detroit, Mich. is going to start to paying $15 an hour to new employees on October 1. Moo Cluck Moo is currently paying its entry level employees $12 an hour, far above the state minimum wage of $7.40. “We always wanted to be at $15 an hour. It just feels human to do it. It’s not an easy job to do.
  • Labor Days Blues: Employee Compensation Falls In July As Labor Day Weekend Begins

    08/30/2013 7:57:59 AM PDT · by whitedog57 · 2 replies
    Confounded Interest ^ | 08/30/2013 | Anthony B. Sanders
    As we enter the Labor Day weekend when we are supposed to be celebrating hard-working Americans, we get the monthly personal income and spending numbers from the Bureau of Economic Analysis (BEA). Personal income rose .. 0.1% in July. pitab083013 compensation of employees, the core component of personal income, fell by $21.9 billion, the was the biggest monthly slide decline since May 2012. pi083013 Another view of declining employee compensation. Compensation Employees_0 And my favorite chart of declining real household income: household-income-monthly-median-growth-since-2000 Chicago Purchasing Managers Index printed at 53.0 in August, up from 52.3 in July. But there was a...
  • Fast-food strikes scheduled for August 29, day after March on Washington [Nationwide]

    08/28/2013 10:17:22 AM PDT · by SoFloFreeper · 30 replies
    The Grio ^ | 8/27/13 | Carrie Healey
    On August 29th, the day after the 50th anniversary of the March on Washington, fast-food workers around the nation are planning to strike for better pay and working conditions. Workers going on strike are demanding $15 an hour wages, mirroring the demand for $2 an hour the organizers of the 1963 march made.
  • Data Indicate Forced Union Dues-Paying Factory Workers Have Far Less Job Security, Lower Wages

    08/22/2013 10:11:07 AM PDT · by willowsdale · 7 replies
    A front-page Wall Street Journal article published at the beginning of this week (see link below) and other news reports are calling public attention to the fact that, after many years of decline, manufacturing employment in the U.S. has modestly rebounded since the end of the Great Recession. Unfortunately, the Journal account and others appearing in major media outlets ignore data showing that even as the total number of manufacturing jobs increased by roughly 480,000 from 2009 to 2012, the number of factory jobs held by unionized workers fell by nearly 130,000. (Our source for these figures and those in...
  • Obama Says Income Gap Is Fraying U.S. Social Fabric

    07/28/2013 12:33:30 AM PDT · by 2ndDivisionVet · 41 replies
    The New York Times ^ | July 27, 2013 | Jackie Calmes and Michael D. Shear
    GALESBURG, Ill. — In a week when he tried to focus attention on the struggles of the middle class, President Obama said in an interview that he was worried that years of widening income inequality and the lingering effects of the financial crisis had frayed the country’s social fabric and undermined Americans’ belief in opportunity. Upward mobility, Mr. Obama said in a 40-minute interview with The New York Times, “was part and parcel of who we were as Americans.” “And that’s what’s been eroding over the last 20, 30 years, well before the financial crisis,” he added. “If we don’t...
  • American Cities Where Wages Are Soaring

    07/15/2013 8:01:27 AM PDT · by SeekAndFind · 6 replies
    Wall Street 24X7 ^ | 07/15/2013
    The average wage of a U.S. worker was $1,000 per week in the fourth quarter of 2012, or 4.7% higher from the same time in 2011, according to the Bureau of Labor Statistics (BLS). In some areas, pay rose than 10%. In the San Francisco metropolitan area, the average wage grew by nearly 25%, more than any area in the country. Based on the BLS Quarterly Census of Employment and Wages, these are the cities with the biggest increases in pay.Click here to see the cities where wages are soaringClick here to see the cities where wages are plummetingIn an...
  • Gun-loving states in frenzy over Connecticut gun makers

    06/17/2013 8:13:40 AM PDT · by EXCH54FE · 13 replies
    Guns.Com ^ | June 17, 2013 | Daniel Terrill
    Yesterday, Texas came a knocking. While most would assume that with the Lone Star State’s love of guns would pair the two together better than peas and carrots, Gov. Rick Perry will have to bring more than just a box of chocolates and some bright red roses. He aims to woo them with things like low taxes, fewer regulations and offer an economic incentive package. On top of the sweet talk, Perry has been laying ground work since the National Rifle Association’s annual convention last month (check out his intro video) and, as of his arrival yesterday, with TV and...
  • Who ‘Needs’ Immigrant Labor? You can’t have a real discussion without mentioning wages.

    06/11/2013 7:20:27 AM PDT · by SeekAndFind · 25 replies
    National Review ^ | 06/11/2013 | Thomas Sowell
    One of the most common arguments for allowing more immigration is that there is a “need” for foreign workers to do “jobs that Americans won’t do,” especially in agriculture. One of my most vivid memories of the late Armen Alchian, an internationally renowned economist at UCLA, involved a lunch at which one of the younger members of the economics department got up to go get some more coffee. Being a considerate sort, the young man asked, “Does anyone else need more coffee?” “Need?” Alchian said loudly, in a cutting tone that clearly conveyed his dismay and disgust at hearing an...
  • Real Wages Decline Again — Literally No One Notices

    06/02/2013 6:13:18 AM PDT · by blam · 15 replies
    Business Insider ^ | 6-1-2013 | Kenneth Thomas, Middle Class Political Economist
    Real Wages Decline Again — Literally No One Notices Kenneth Thomas, Middle Class Political Economist Jun. 1, 2013, 12:09 PM You read it here first: Real wages fell 0.2% in 2012, down from $295.49 (1982-84 dollars) to $294.83 per week, according to the 2013 Economic Report of the President. Thus, a 1.9% increase in nominal wages was more than wiped out by inflation, marking the 40th consecutive year that real wages have remained below their 1972 peak. Yet no one in the media noticed, or at least none thought it newsworthy. I searched the web and the subscription-only Nexis news...
  • We the People: Minimum wage is not enough to live on

    05/14/2013 12:00:28 AM PDT · by 2ndDivisionVet · 51 replies
    The Crossville Chronicle ^ | May 8, 2013 | Pat Vaughn
    For folks too young or too unaware what has happened to our economy the past 30 years, here is an answer. Ronald Reagan, G.H.W. Bush and the Republican Party are responsible for what we know as "Reaganomics," an economy that continues today resulting in few "labor unions” and the resulting low wages and lack of worker benefits. Newly elected Reagan’s (1981) first attack on the middle class economy was his dismantling a labor union representing 11,000 striking air traffic controller employees, whom he “fired.” Their PATCO union was destroyed. Reagan and his rich, conservative friends (not one who needed job...
  • US Goes Full Europe: Output Gap At $840 Billion, Real Wages Declining (Awful, Euro-Style Recovery)

    04/21/2013 11:42:00 AM PDT · by whitedog57 · 3 replies
    Confounded Interest ^ | 04/21/2013 | Anthony B. Sanders
    One of the measures I like to follow is the spread between real GDP growth and potential real GDP growth. Potential GDP is the highest level of real Gross Domestic Product output that can be sustained over the long term. As of the end of 2012, the output gap (potential – actual real GDP growth) logged in at $840 billion. And that is just for Q4 2012. Notice that the US has been running almost a trillion dollars in subpar performance per quarter since 2009. Nobel Laureate Robert Lucas from University of Chicago gave a lecture in 2011 where he...
  • Customers Flee Wal-Mart Empty Shelves for Target, Costco

    03/26/2013 10:48:52 PM PDT · by JSDude1 · 130 replies
    Yahoo News/Bloomberg ^ | 3/26/13 | Renee Dudley
  • Consumer income hits 20-year low

    03/02/2013 5:13:49 PM PST · by NoLibZone · 5 replies ^ | Mar 2 2013 | By: John Hayward
    Consumer spending propped up our weak economic numbers long enough to get President Obama through the election – which is one reason that he used to treat his “payroll tax cut” raid on Social Security funding as the most important #60Dollars in every American’s life, before suddenly and silently dropping it during the fiscal cliff showdown.
  • Americans endure bigger income cut than government can handle

    03/02/2013 2:56:28 PM PST · by NoLibZone · 13 replies
    Fox News ^ | March 2 2013 | FNS
    Americans are a lot better at belt-tightening than the people they send to Washington. As Americans’ income fell by 3.6 percent in January, President Obama and Congressional leaders were warning of the dire consequences of sequester, the budgetary booby trap that forces cuts of as little as a third of that from the mammoth federal spending plan. Working stiffs sucked it up and absorbed the biggest monthly drop in income in 20 years, while the elected officials insisted that the federal budget had no fat to trim. Financial planning experts say if Americans can take such a big bite out...
  • HuffPo: Workers 'Really Deserve' a $21.72 Minimum Wage

    02/15/2013 9:00:03 PM PST · by chessplayer · 35 replies
    According to a new study by the George Soros-funded Center for Economic Policy and Research, minimum wage should be $21.72 an hour to keep up with the increase of worker productivity. Highlighting that study, The Huffington Post bemoaned President Barack Obama’s call for a higher minimum wage as a “far cry from what workers really deserve,” in a Feb. 13 blog post.
  • Thomas Sowell: 'AT WHAT PRICE?' - The Difference Between Liberals and Conservatives

    02/04/2013 6:31:04 AM PST · by Yosemitest · 24 replies ^ | Mar 17, 2010 | Thomas Sowell
    Watch this 4 Minutes 32 Seconds of Video. The Difference Between Liberal and Conservative Fred Barnes: Yeah, you were in your early years, you were a a Marxist. Thomas Sowell: Yes. Fred Barnes: Uh … What happened? How'd you … uh … get away from that? Thomas Sowell: Ah … I took a job in the government. I was still a Marxists. But uh, one summer of working in the government was enough to uh in turn … start, start, in turn, start turning me around. I went through the University of Chicago as a Marxist. After a year...
  • County Prevailing Wage Law Could Add Millions To Taxpayer Costs

    01/08/2013 10:02:58 AM PST · by MichCapCon · 4 replies
    Michigan Capitol Confidential ^ | 1/5/2012 | Jack Spencer
    Muskegon County wants to build a new jail, and the county's prevailing wage law means local taxpayers could be on the hook for an extra $2 million for the project. Prevailing wage laws mandate that union-scale wages be paid on construction work funded by taxpayer dollars, regardless of the winning bidder. Local governments can do nothing about federal prevailing wage laws, which apply if federal dollars are used for a project. However, local governments only have to pay the prevailing wage on local projects if they have a local ordinance that requires it. Most of Michigan's 83 counties do not...
  • How Liberals Think: Mika Says 'It's Kind Of Simple'—Just Pay Workers More

    12/11/2012 6:54:56 AM PST · by governsleastgovernsbest · 82 replies
    NewsBusters ^ | Mark Finkelstein
    I post this item not to mock Mika Brzezinski. But her comments this morning were so illustrative of the liberal mindset--in ignoring fundamental principles of economics--that they are worth highlighting here. An entire Morning Joe segment had been devoted to discussing the wage dilemma in America. In the context of analyzing the right-to-work law soon to be signed in Michigan, the panel—apparently excepting Mika—agreed that we face hard choices here. We can artificially preserve high wages for a relative few, or let wages seek their natural level, providing more jobs at lower pay. As Joe Scarborough put it, we have...
  • Is This Why Americans Have Lost The Drive To "Earn" More

    12/01/2012 9:00:26 PM PST · by ExxonPatrolUs · 24 replies
    ZeroHedge ^ | 12/01 | Tyler Durden
    Full Zero Hedge Article At This LinkIn the recent past we noted [6] the somewhat startling reality that "the single mom is better off earning gross income of $29,000 with $57,327 in net income & benefits than to earn gross income of $69,000 with net income and benefits of $57,045." While mathematics is our tool - as opposed to the mathemagics of some of the more politically biased media who did not like our message - the painful reality in America is that: for increasingly more Americans it is now more lucrative - in the form of actual disposable income...
  • McDonald's, KFC, Burger King workers protest in NYC

    11/29/2012 9:57:50 PM PST · by babyfreep · 57 replies
    CNN Money ^ | Nov. 29, 2012 | Emily Jane Fox
    NEW YORK (CNNMoney) -- Pamela Waldron makes $7.75 an hour as a cashier at the KFC in New York's Penn Station, where she has worked for eight years. That's just 50 cents above the New York state minimum wage. The 26-year old nursing student, and mother of two, says she has asked for a raise but her pleas have gone unheeded for weeks. Finally, on Thursday, around lunchtime she joined a protest of about 40 fast food workers who walked out of their shifts, carrying placards and shouting slogans to bring attention to their cause of fighting for higher wages...
  • Retail's Hidden Potential: How Raising Wages Would Benefit Workers <abridged>

    11/20/2012 9:52:05 PM PST · by mykroar · 29 replies ^ | 11/19/2012 | Catherine Ruetschlin
    With more than 15 million workers in in the sector, and leverage over workplace standards across the supply chain, retail wields enormous influence on Americans’ standard of living and the nation’s economic outlook. It connects producers and consumers, workers and jobs, and local social and economic development to the larger US economy. And over the next decade, retail will be the second largest source of new jobs in the United States. Given the vital role retail plays in our economy, the question of whether employees in the sector are compensated at a level that promotes American prosperity is of national...
  • Forward? US Wage Income (% of GDP) at Lowest Level Since 1970

    10/13/2012 9:40:27 AM PDT · by whitedog57 · 7 replies
    Confounded Interest ^ | 10/13/2012 | Snakeeyes Econ
    The rise in the consumer confidence rose more than expected. Despite real GDP growth hovering barely above 1% and the crash in durable goods orders, this is indeed a surprise. Or is it another Fed induced bubble? According to University of Michigan, consumer confidence has risen to Bush-era levels of September 2007. Just to put it into context, I put a yellow line through the 100 level. We still have a long way to go to get to 100 from 83.1. Here is a chart of wage income divided by GDP. Why are consumers more confident? Perhaps consumers are reacting...
  • Guess which industry is fueling the biggest jump in U.S. wages since 2007?

    10/11/2012 1:31:36 PM PDT · by SeekAndFind · 10 replies
    Hotair ^ | 10/11/2012 | Erika Johnsen
    If you guessed "renewable energy," you'd be wrong ... so wrong. Sure, the green-energy industry may have created some 28,000-odd jobs (a very far cry from the 5 million we were promised, cough cough), but it's important to remember that even those few "successfully" created green jobs are not necessarily productive jobs.The green-energy industry is only as big as it is because it's on the receiving end of a whole heap of different types of subsidies, from tax credits to loan guarantees to direct payments, and subsidies are always and necessarily designed to distort free-market signals. All the money poured...
  • Municipal Bankruptcy: Declining Wages and Workforce Point to MORE Bankruptcies

    09/29/2012 9:22:32 AM PDT · by whitedog57 · 5 replies
    Confounded Interest ^ | 09/29/2012 | Anthony B. Sanders
    The latest California community to face bankruptcy is Atwater, just down the Golden State Highway from Modesto and next to Merced. Atwater, like its neighbors Modesto and Merced, are still reeling from the crash of the housing market where prices have fallen about 70% from their peak. And unemployment rates are roughly twice the national average. Since I don’t have the house price indices for Modesto, Merced and Atwater, I will use the Case-Shiller Las Vegas house price index as a proxy. Like many communities during the housing bubble, expenditures were made based on increased property tax revenue. When the...
  • The 10 Highest Paying Jobs Of The Future

    09/09/2012 4:08:10 PM PDT · by SeekAndFind · 40 replies
    Wall Street 24x7 ^ | 09/09/2012
    The U.S. unemployment rate peaked at 10% in October 2009 and has since slowly improved, flirting with 8% earlier this month. Despite the downward trend, the rate is still more than double prerecession levels. As the economy continues to recover and more people return to the workforce, many are trying to find the right career—one that is hiring and pays well. Knowing which jobs will be in high demand and pay the most is a good place to start. To serve as a guide, 24/7 Wall St. identified the best paying jobs of the future. These jobs will grow the...
  • Wages drop, only 5th time in 33 years

    07/03/2012 3:06:28 AM PDT · by gusopol3 · 59 replies
    Washington Examiner ^ | July 2, 2012 | Paul Bedard
    Unemployment ebbs and flows, but one measure of the nation's economic health, average weekly wages, rarely dips. Until now. In the latest demonstration of the struggling economy that threatens President Obama's reelection, average weekly wages fell in 2011, one of only five declines since the category was created in 1978 by the Bureau of Labor Statistics. In a just-released review of employment in the nation's largest 322 counties, BLS found that weekly wages dropped over the year by 1.7 percent to $955 in the fourth quarter of 2011 from a high of $971 in the fourth quarter of 2010. That...
  • Public Sector Workers Still Earn More Than Private Sector Workers

    05/02/2012 9:12:25 AM PDT · by MichCapCon · 6 replies
    Michigan Capitol Confidential ^ | 5/1/2012 | James Hohman
    For the first time in four years in Michigan, the gap in compensation between public sector employees and private sector employees declined, according to research by James Hohman, fiscal policy analyst with the Mackinac Center for Public Policy. The average compensation of public sector employees (state and local government, public schools and universities) dropped from $60,620 in 2010 to $58,400 in 2011. At the same time, private-sector workers had an increase in average compensation from $55,922 in 2010 to $56,234 in 2011. “Throughout the decade, Michigan’s state and local government workers enjoyed robust increases in the value of their wages...
  • GOP Establishment Standing in Way of Prevailing Wage Reform

    03/21/2012 5:49:32 AM PDT · by MichCapCon · 8 replies
    Michigan Capitol Confidential ^ | 3/20/2012 | Manny Lopez
    Rep. Joe Graves has been in the Michigan House of Representatives for a week but doesn’t mince words when asked about Michigan’s prevailing wage law. “I absolutely won’t support increasing any fees or taxes (for road improvements) as long as we have prevailing wage in Michigan,” he said recently at an Independent Tea Party Patriots Meeting in Clarkston. The Argentine Township Republican, who won a special election to fill the term of Rep. Paul Scott after he was recalled, vowed to work to eliminate the law that mandates that union-scale wages are paid on state construction projects. Prevailing wage laws...
  • Mitt Romney's Defining Moment | Indexing the Minimum Wage

    02/06/2012 8:12:08 PM PST · by NaturalBornConservative · 3 replies
    Natural Born Conservative ^ | February 6, 2012 | Larry Walker, Jr.
    Is Mitt Romney a Liberal?By: Larry Walker, Jr.As Economist Thomas Sowell relays, in his piece entitled, A Defining Moment, "Mitt Romney has come out in support of indexing the minimum wage law, to have it rise automatically to keep pace with inflation."But according to Dr. Sowell,"We have gotten so used to seeing unemployment rates of 30 or 40 percent for black teenage males that it might come as a shock to many people to learn that the unemployment rate for sixteen- and seventeen-year-old black males was just under 10 percent back in 1948. Moreover, it was slightly lower than the...
  • High Rents, Low Wages and the Coming Homeless Surge

    01/22/2012 5:36:13 AM PST · by SeekAndFind · 43 replies
    Fiscal Times ^ | 01/22/2012 | By MICHELLE HIRSCH and ALIX PIANIN
    Get ready for the next big financial bubble—the growth of America’s homeless population. The biggest boon for the homeless was President Obama’s 2009 stimulus package, that appropriated $1.5 billion to the Homeless Prevention and Rapid-Re-Housing Program that temporarily aided homeless and near-homeless households. According to a report issued Wednesday by the National Alliance to End Homelessness, the program has helped more than one million impoverished individuals find housing, but it is set to end this fall. “The resources provided by [the program] have run out in many communities … and the debt and deficit at the federal level have already...