Tag Archives: wages

Nearly Half of Americans Living Paycheck to Paycheck

Nearly Half of Americans Living Paycheck to Paycheck
Nearly half of all people in the United States face "persistent financial insecurity" and are forced to live paycheck to paycheck without the savings necessary to weather them through life problems that can be unavoidable — like a medical emergency or a broken car. So finds the 2014 Assets ... Read more

Obama’s Address Fails to Look at Roots of Income Inequality

Obama’s Address Fails to Look at Roots of Income Inequality
It's important that we restore the minimum wage. We're not talking about raising it. We're talking about restoring it. Back in the mid '60s, it was almost $11 an hour. And education is certainly very important and too much neglected in this country. We put huge barriers to bright but ... Read more

Alive in the Sunshine

Alive in the Sunshine
One of the central contradictions of leftist politics within capitalism is that between labor and the environment. The more groups advocate for stringent regulations, the more the left is branded as “job killers” - often by other leftists. The more leftists push for the dream of total employment, the more they are accused ... Read more

Verizon Strike Highlights Union Effect on Middle Class Jobs

By Kari Lydersen In These Times, August 15, 2011 Verizon employees rally in Boston’s Post Office Square on the steps of the Verizon building on July 31, 2003.   (Photo by Douglas McFadd/Getty Images) State officials nationwide — most prominently governors Scott Walker in ... Read more

The “Recovery” is Making Americans Poorer

How Recession Is Hastening the Wal-Martization of America A new report finds that the vast majority of the jobs created in the so-called recovery have been low-wage jobs. That’s a recipe for continued economic pain. By Sarah Jaffe Alternet, August 2, 2011 With all the focus on the drama surrounding ... Read more

A Boom in Corporate Profits, a Bust in Jobs, Wages

By Paul Wiseman Associated Press, July 23, 2011 WASHINGTON — Strong second-quarter earnings from McDonald’s, General Electric and Caterpillar on Friday are just the latest proof that booming profits have allowed Corporate America to leave the Great Recession far behind. Photo: AFP Strong ... Read more

CEOs to Workers: More for Me, Less for You

“Reductions in wages and benefits explain the majority of the net improvement in [profit] margins . . . US labor compensation is now at a 50-year low relative to both company sales and US GDP,” JP Morgan investor newsletter. By Holly Sklar Common Dreams, July 25, 2011 Big company CEOs got a 23 ... Read more