The benefits of a $15 minimum would greatly outweigh the costs. The “common sense” fears, such as “low paid workers losing their jobs” with a hike in the minimum wage turn out to not actually happen in real life. A raise in the minimum wage turns out to not be the death … Continue reading The Counterintuitive Workings of the Minimum Wage – The Atlantic
The new year brings another round of increases, nearly a decade after workers started campaigning for higher pay. By the time $15/hr become standard, it may be time to raise it to $20/hr! $20/hr is what it should be had wages increased with productivity gains over the last 50 years. Source: 27 Places … Continue reading 27 Places Raising the Minimum Wage to $15 an Hour – The New York Times
Survey authors: “We now observe an Alice in Wonderland moment of elite buoyancy and mass despair.” Because it’s true. Source: People no longer believe working hard will lead to a better life, survey shows – Hack – triple j Continue reading People no longer believe working hard will lead to a better life, survey shows
People have been predicting a four-day workweek for decades, so what’s taking so long? You don’t have a 4-day work week because corporations would rather squeeze very available minute out of you possible and pass those profits on to their shareholders. Source: What if You Had a Four-Day Week? Why Don’t You? … Continue reading What if You Had a Four-Day Week? Why Don’t You? – The New York Times
The statistics keep on rising, but they don’t track the well-being of most Americans. The unemployment figures don’t give an accurate picture either. People are not better off. Source: Opinion | Why You Shouldn’t Believe Those G.D.P. Numbers – The New York Times Continue reading Opinion | Why You Shouldn’t Believe Those G.D.P. Numbers – The New York Times
Seems like we’re moving in the wrong direction. Source: [OC] Houses earned per year at US Federal minimum wage – dataisbeautiful Continue reading Houses earned per year at US Federal minimum wage
Despite the longest U.S. economic expansion on record, many sit on the edge of financial disaster. This is because the unemployment figure doesn’t tell the whole story. Wages have remained essentially flat … Continue reading ‘This doesn’t look like the best economy ever’: 40% of Americans say they still struggle to pay bills – The Washington Post
A new analysis confirms that for years, central bankers and top economists underestimated America’s true unemployment rate. The true unemployment rate is not what the government is saying it is. That’s why … Continue reading The Fed Needlessly Undermined Growth, Study Confirms
These days, the average American has to deal with a lot. The news is full of strife and controversy, jobs are plentiful but frequently don’t pay, and we all live on a … Continue reading Study suggests Americans stop eating out, getting drinks, enjoying life in any meaningful way
Unemployment is low, so why doesn’t it feel better? Because we have fewer people looking for work, stagnating wages, anemic growth, and a private sector with a mountain of debt on its … Continue reading If Unemployment Is So Low Then Why Don’t I Feel Better?
Progressives shouldn’t fall for facile technology fatalism. This is true, robots are not the reason wages have gone nowhere over the last 4 decades, it’s because workers have lost bargaining power (unions) … Continue reading Don’t Blame Robots for Low Wages – The New York Times
An initial study said the increase to $15 would cost workers jobs and hours. That didn’t happen. The next time someone tells you we can’t afford a $15 minimum wage, tell them … Continue reading What Minimum-Wage Foes Got Wrong About Seattle – Bloomberg
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