The economy’s booming. Some states have raised minimum wages. But even with recent wage growth for the lowest-paid workers, there is still nowhere in the country where someone working a full-time minimum wage job could afford to rent a modest two-bedroom apartment, according to an annual report released Wednesday by the National Low … Continue reading A minimum-wage worker can’t afford a 2-bedroom apartment anywhere in the U.S.
When Nick Hanauer was just 7, his father made sure he and his brother knew every aspect of the family business. Today, Hanauer is a self-made billionaire. Hanauer’s business acumen has allowed him to become one of the wealthiest Americans — the so-called 1 percent — but it has also made him … Continue reading Unfiltered: ‘Raising wages [doesn’t] kill jobs. It’s just a thing rich people say to poor people.’
A new report from Oxfam highlights a global system that rewards the super-rich This is not sustainable. Source: A ‘Billionaire Bonanza’ Is Driving Global Inequality | Time Continue reading 82% of the World’s Wealth Went to the Richest 1% in 2017
An article in MarketWatch says you should have twice your salary saved by the age of 35. On Twitter, most 30-somethings laughed at the advice. By 35, you should have twice your … Continue reading Twitter Mocks Article That Says The You Should Have Double Your Yearly Salary Saved By 35
Event to highlight pay squeeze is set to be the largest rally in the capital for four years Real wages in the UK will have been in decline for 17 years, … Continue reading March for ‘new deal’ for workers draws thousands in London
America’s self-reliance obsession makes it more acceptable to applaud working yourself to death than to argue that doing so points to a flawed economic system. So true. Source: The Gig Economy Celebrates … Continue reading The Gig Economy Celebrates Working Yourself to Death
Very informative article. The bottom line is that corporations have grown so large and have gobbled each other up to the point where there are less public companies today than in the … Continue reading Why American Workers Aren’t Getting A Raise: An Economic Detective Story
It can be easy to be misled by big point swings after a long period of quiet in global markets. Percentage wise, the drop is not much at all, it merely took … Continue reading Context Matters. The Stock Market Drop Is Less Scary Than It Seems.
When adjusted for inflation, wage growth since 1967 has been nothing short of a disgrace. The United States has suffered close to five decades of real wage stagnation. People, it’s time … Continue reading When adjusted for inflation, wage growth since 1967 has been nothing short of a disgrace.
“Our research shows that companies that take the high road make a profit not in spite of paying their workers better but because they pay their workers better” Something to be learned … Continue reading In-N-Out Managers Make $160,000 Per Year
Nothing else has been able to stop the decline in workers’ bargaining power. The decline in unions seems to be directly related to the decline in wages and the separation between … Continue reading Stronger Labor Unions Could Do a Lot of Good – Bloomberg
In reality there has been a class war, in which [corporations] spent decades using the state to undermine workers, writes Guardian economics editor Larry Elliott Interesting article that discusses how attacks … Continue reading Think our governments can no longer control capitalism? You’ve been duped