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Keyword: wages

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  • Bernie Sanders campaign announces it will cut hours to pay staffers $15 minimum wage, prompting...

    07/21/2019 12:21:15 PM PDT · by E. Pluribus Unum · 33 replies
    Fox News ^ | 21 July 2019 | Gregg Re
    FULL TITLE: Bernie Sanders campaign announces it will cut hours to pay staffers $15 minimum wage, prompting mockery Democrat presidential candidate Bernie Sanders announced this weekend he will cut staffers' hours so that they can effectively be paid a $15-an-hour minimum wage, prompting mockery from critics who say the move is more evidence that Sanders' plan to raise the national minimum wage is hypocritical and would only lead to less work and more unemployment. The Washington Post first reported last Thursday that Sanders' field staffers were upset that Sanders championed a $15 minimum wage on the campaign trail, and made...
  • Sanders Campaign in Pay Squabble [semi-satire]

    07/20/2019 3:05:24 PM PDT · by John Semmens · 10 replies
    Semi-News/Semi-Satire ^ | 21 July 2019 | John Semmens
    Though he has long been an advocate for a nationwide $15/hour minimum wage, presidential candidate Sen. Bernie Sanders (S-Vt) pays some of his campaign workers less than this amount. These workers have unionized and are threatening to strike if they don’t get a raise. Campaign manager Faiz Shakir tried to explain “we can’t afford to meet this wage standard under current conditions. We don’t have the resources needed to pay this much. What we are asking our supporters to do is make a temporary sacrifice for the cause.” These sacrifices include 12-hour workdays and 6-day workweeks at less than minimum...
  • Marx Bites Bernie: Sanders Campaign Engulfed In Messy Fight With Unionized Staff Over Pay

    07/19/2019 7:36:47 AM PDT · by SeekAndFind · 21 replies
    Townhall ^ | 07/19/2019 | Matt Vespa
    Sen. Bernie Sanders is one of the many faces that make up the progressive left within the Democratic Party. HeÂ’s an unapologetic democratic socialist. He has an economic agenda that would cost us trillions of dollars. And heÂ’s staunchly pro-labor union. That is until his campaign staff starts making demands for better pay, right? Yeah, it seems so. The Sanders campaign has unionized and is demanding $15/hour for staff nationwide and so far the left-wing candidateÂ’s leadership is silent on the matter. You just canÂ’t make this up. The far left guy unionizes the staff, makes minimum wage hikes part...
  • Employment Situation Summary

    07/05/2019 6:00:01 AM PDT · by Redmen4ever · 4 replies
    Bureau of Labor Statistics ^ | 7/5/19 | U.S. BLS
    Total nonfarm payroll employment increased by 224,000 in June, and the unemployment rate was little changed at 3.7 percent ...
  • A devastating analysis of the tax cut shows it’s done virtually no economic good (barf alert)

    06/01/2019 8:40:47 PM PDT · by Beave Meister · 26 replies
    Los Angeles Times ^ | 5/29/2019 | MICHAEL HILTZIK
    You may remember all the glowing predictions made for the December 2017 tax cuts by congressional Republicans and the Trump administration: Wages would soar for the rank-and-file, corporate investments would surge, and the cuts would pay for themselves. The nonpartisan Congressional Research Service has just published a deep dive into the economic impact of the cuts in their first year, and emerges from the water with a different picture. The CRS finds that the cuts have had virtually no effect on wages, haven’t contributed to a surge in investment, and haven’t come close to paying for themselves. Nor have they...
  • Wage Raises: Donald Trump, Nancy Pelosi Tout Rival Plans

    05/10/2019 8:16:06 AM PDT · by ChicagoConservative27 · 4 replies
    Breitbart ^ | 05/09/2019 | Neil Munro
    Americans’ wages need to grow faster, says House Speaker Nancy Pelosi. Jobs “are not producing the wages that people need to meet their needs,” Pelosi said at a Washington Post event. She continued: And people still feel scarred by what happened in 2008 when their home [mortages] were underwater, their pensions were at risk, they were living off their savings, their children’s education [was] in doubt. So there’s still that concern and 40 percent of the American people — you’ve seen the figures over and over again – cannot withstand a $500 unforeseen cost — whether it is a [broken]...
  • New York City Experienced Worst Decline in Restaurant Jobs since 9/11 After $15 Minimum Wage Win

    03/01/2019 8:15:58 AM PST · by Beowulf9 · 42 replies
    https://fee.org ^ | February 28, 2019
    The Big Apple’s fast-food industry, The New York Times recently reported, has long served as a laboratory for progressive politicians and the nation’s labor machine.
  • Democrats introduce equal pay legislation 10 years after passing first fair pay act

    01/30/2019 11:02:25 AM PST · by Oldeconomybuyer · 24 replies
    CBS "News" ^ | January 30, 2019 | BY GRACE SEGERS
    House Democrats were joined by Lilly Ledbetter, the namesake of the fair pay act signed by President Obama in 2009, to introduce supplemental legislation they say gives women "new tools" to challenge the gender pay gap. The Paycheck Fairness Act, which is sponsored by Rep. Rosa DeLauro, D-Conn., and Sen. Dianne Feinstein, D-Calif., addresses modern-day salary imbalances between men and women, which can be exacerbated when women are unaware of their male coworkers' salaries. Rep. Alexandria Ocasio-Cortez, D-New York, said while introducing the bill that women could use a Google sheet to share salaries. Ocasio-Cortez, a progressive and the most...
  • What Would You Do With an Extra $2 Billion? This Startup Is Handing It Out to Employees

    12/22/2018 5:48:53 PM PST · by 2ndDivisionVet · 18 replies
    Inc. ^ | December 22, 2018 | Minda Zetlin
    What would you do with an extra $1.3 million? The 1,500 employees of e-cigarette maker Juul are going to get the chance to answer that question. Although the company has made no public announcement, insiders told CNBC that the company had received a one-time dividend payment of $2 billion as part of an investment deal with Altria (the parent company of Philip Morris), which is spending $12.8 billion to buy 35 percent of Juul's shares. The sources inside Juul, who remain anonymous, say that the company decided to divide that bonus among its employees. It's a brilliant, brilliant move. To...
  • Is Disney’s $15 Minimum Wage Hike a Help or a Hoax?

    12/18/2018 11:32:53 AM PST · by Kaslin · 29 replies
    Townhall.com ^ | December 18, 2018 | Carl Jackson
    Did you know that the average family income for a minimum-wage worker is over $50K a year? How about that the vast majority of minimum wage workers are second, third and fourth earners in their families and not the primary earners as leftists often claim? In other words, a spouse or child is simply supplementing the income of the primary earner in most cases. Furthermore, did you know that two-thirds of minimum wage jobs are occupied by workers between 16 and 24 years of age who are first time inexperienced and unskilled labor? Additionally, has anyone ever told you that...
  • How A Mysterious Tech Billionaire Created Two Fortunes—And A Global Software Sweatshop

    11/19/2018 10:13:59 PM PST · by 2ndDivisionVet · 25 replies
    Forbes ^ | November 19, 2018 | Nathan Vardi
    From an office suite on the 26th floor of the iconic Frost Bank Tower in Austin, Texas, a little-known recruiting firm called Crossover is searching the globe for software engineers. Crossover is looking for anyone who can commit to a 40- or 50-hour workweek, but it has no interest in full-time employees. It wants contract workers who are willing to toil from their homes or even in local cafes. “The best people in the world aren’t in your Zip code,” says Andy Tryba, chief executive of Crossover, in a promotional YouTube video. Which, Tryba emphasizes, also means you don’t have...
  • Wages and salaries jump by 3.1%, highest level in a decade

    10/31/2018 6:50:11 AM PDT · by SpeedyInTexas · 34 replies
    CNBC ^ | 10/31/2018 | Jeff Cox
    On a yearly basis, wages and salaries jumped 3.1 percent, the biggest increase in 10 years. Wage increases have been the missing link in the economy since the recovery began in mid-2008. Average hourly earnings have been rising steadily but have stayed below the 3 percent level as slack has remained in the labor market.
  • Waiting for raises: Wage growth has been a long time coming (The Trump Effect)

    10/25/2018 8:22:52 AM PDT · by yesthatjallen · 5 replies
    The Hill ^ | 10/25/18 | SEAN SNAITH
    The Johnny Paycheck Index, more formally known as the quits rate — the number of quits for a month as a percent of total employment — in the Job Openings and Labor Turnover Survey (JOLTS), now stands at 2.4 — the highest level of the recovery to date. American workers are telling their bosses to “take this job and shove it” at the fastest rate since the pre-recession heights of the dot-com bubble. Since December 2016, the quits rate has increased by 0.4 points, an increase that required three-and-a-half years in the immediate aftermath of the recession. In July 2009,...
  • This chart shows how everything has changed since Trump became president

    10/21/2018 3:05:31 PM PDT · by 2ndDivisionVet · 13 replies
    CNBC ^ | October 21, 2018 | Jeff Cox
    Since Donald Trump won the presidency, he has presided over both one the most tumultuous political times in recent memory, as well as the best economy the country has seen since well before the financial crisis. Consumer and small business confidence is up — but so are both the national debt and budget deficit. The chart below, using mostly data compiled by Goldman Sachs, quantifies just how much things changed from the days just before the election in November 2016 through September 2018. Of course, the stock market has weakened in October, which has been its historically most volatile month....
  • Staff-starved factories in Minnesota, US finally offer higher wages, perks

    10/16/2018 1:28:21 AM PDT · by 2ndDivisionVet · 12 replies
    The Finger Lakes Times ^ | October 9, 2018 | Dee Depass, Star Tribune
    As the job market continues to tighten, more factories are turning to a recruiting tool they have been avoiding: money. Take Spectro Alloys Corp. in Rosemount, Minn. The aluminum recycling firm has upped its recruitment budget and raised starting pay nearly 10 percent —it even raffled off a new ATV to job applicants. "The hiring environment is extremely challenging right now," said Luke Palen, president of Spectro, which recently added 5,000 square feet and needs more workers to meet demand. "A hot market for recycled aluminum and even hotter local job market is forcing the Spectro team to think outside...
  • Low-Income Workers See Long-Awaited Wage Gains (5% year-over-year)

    10/06/2018 5:41:29 AM PDT · by reaganaut1 · 21 replies
    Wall Street Journal ^ | October 5, 2018 | Sharon Nunn
    The benefits of a strong job market are spreading in the form of higher wages for many of those left behind for much of the past decade’s economic expansion, including young Americans, low-income households and people with the least education. The unemployment rate in September fell to 3.7%, its lowest level since 1969. That is creating worker shortages and wage gains, not just for high-skilled workers who tend to command the best pay but also for low-skilled and blue-collar workers whose wages lag behind. A study by The Conference Board this week showed shortages are now most acute in blue-collar...
  • Wages Are Growing Faster Than You Think

    09/21/2018 6:22:19 AM PDT · by reaganaut1 · 7 replies
    Wall Street Journal ^ | September 20, 2018 | David R. Henderson
    Standard wage data show that between the spring of 2017 and the spring of 2018, real wages in the U.S. increased only 0.1%. But there are three major problems with these data. First, they don’t account for fringe benefits, which are an increasing proportion of employee pay. Second, standard wage data use an index that overstates the inflation rate. Third, each year the composition of the workforce changes, as older, higher-paid workers retire and young, lower-paid workers enter the workforce. A study released this month by the White House Council of Economic Advisers addresses these three biases and concludes that...
  • These part time jobs can earn you $75k a year

    09/15/2018 8:57:41 PM PDT · by 2ndDivisionVet · 31 replies
    The Job Network ^ | September 13, 2018 | Peter Jones
    You want a high-paying gig, but without being tied down by a set schedule or a single job. Trouble is, you always thought part-time jobs paid little. Well, you thought wrong. The gig economy is out there, waiting for you. And the best news is: you don’t have to wait to have a college degree to get started raking in the dough. Here are several high-paying part-time jobs that could help you generate a fabulous annual salary when combined. 1. Social Media Assistant Put your Facebook skills to work helping companies manage their online profiles and marketing. You can get...
  • Average worker's pay has actually risen much faster than average CEO pay

    09/14/2018 7:24:42 AM PDT · by SeekAndFind · 23 replies
    American Thinker ^ | 09/14/2018 | Jack Hellner
    On a continuing basis, Democrats, including the media, are playing the race, sex and class cards while they pretend they want to unite the country.  One of the talking points is the bald-faced lie that CEOs make over 300 times the average worker and their pay is rising faster than the average worker. There are around 250,000 CEOs in the U.S., but somehow we only hear about the top few hundred. In 2005, the median worker made $46,242 and the average CEO made around four times that amount, or around $180,000. In 2017 the median worker made a record $61,372...
  • U.S. wages growing at fastest rate in 9 years as unemployment stays at 3.9 percent

    09/07/2018 12:07:19 PM PDT · by Innovative · 26 replies
    Washington Post ^ | Sept. 7, 2018 | Heather long
    iring picked up in August and so did worker pay -- registering the fastest wage growth since 2009 in an encouraging sign that wages may finally be moving higher after years of sluggish gains. August was the 95th straight month the U.S. economy added jobs, with a robust 201,000 job gains, the Labor Department reported Friday, while wages for U.S. workers grew at 2.9 percent in the past year. The national unemployment rate remained at 3.9 percent, one of the lowest levels in half a century. The higher pay is a sign that businesses are having to compete hard for...