Monday, September 16, 2013
Rich-Poor Employment Gap Highest on record; Minimum wage goes up in CA and Paul Krugman’s call to Give Jobs a Chance
"Rates of unemployment for the lowest-income families — those earning less than $20,000—have topped 21 percent, nearly matching the rate for all workers during the 1930s Great Depression," according to data tracked by the Associated Press that began a decade ago. The analysis shows an increase of middle-income workers pushed into lower-wage jobs, which then displaces lower-skilled, low-income workers, who become unemployed or forced to work fewer hours.
Rich-Poor Employment Gap Now Widest On Record - Associated Press
California residents might see their minimum wage increase to $10 an hour. The California Legislature approved a bill to increase the minimum wage to $10 an house by 2016 if signed into law by Governor Gerry Brown. This increase doesn't go far and it's long overdue, a study released in June by the Restaurant Opportunities Centers United, a national organization focusing on racial equity in the restaurant industry, found that $10.10 minimum wage would have pulled roughly 58 percent of the nation’s 10.4 million working poor out of poverty in 2011.
These 2 Stats Prove California's $10 Minimum Wage Is A Big Deal - Huffington Post
The Federal Reserve's Open Market Committee —the group who sets the U.S monetary policy - will be holding its sixth meeting of this year, and is expected to announce the "taper" — a slowing of the pace at which it buys long-term assets. " Please don't do it. If you think about the balance of risks, this is a bad time to be doing anything that looks like a tightening of monetary policy," said Paul Krugman, Columnist for the New York Times.
Friday, September 13, 2013
The Wal-Mart Union Prevention Model, Free Online Organizing for Progressives and Fairness for Immigrant Workers in CA
It's really no surprise how Wal-Mart has managed to get away with paying their workers so little and prevented workers from unionizing. Lisa Lopez, a former Wal-Mart employee — who was fired for 'violating a food safety policy' after participating in protests — said, "I think they don't want me to actually let people know what's really going on at Wal-Mart, so they'd rather get rid of me." Firings like Lopez’s aren't shocking — Read more from Josh Eidelson here:
How Wal-Mart keeps wages low - Washington Post
Lowering the barriers for collaboration and online organizing, individuals or small organizations for progressive causes will have access to software organizing tools — like the famous Obama For America (OFA) campaign — but without the expense. The Corporate Action Network is transforming the organizing world with the launch of a new software package called, "Advocacy Network" which allows the user to run their own email list, database and petition site.
Hey: Now you can mass-e-mail people just like Obama - Washington Post
"For too long, employers have used the threat of deportation to silence workers who are victims of stolen wages, unsafe working conditions, and abuse on the job," said Eunice Cho, an attorney at the National Employment Law Project. The California State legislature has passed new protections designed to stop employers from retaliating against immigrant workers who stand up for their rights.
Wednesday, September 11, 2013
DOL Sec. Perez talks labor; Not so shiny Dimon
In an interview on Tuesday, US Secretary of Labor Thomas Perez promised effective enforcement of federal employment law, celebrated U.S. unions’ increased collaboration with non-union non-profits, and defended the administration’s appearances at events with Wal-Mart. “The right to organize is a big part of what needs to happen, in my judgment,” Perez told The Nation, “as we grow the middle class and recover from the worst recession of our lifetime.”
On Monday, JpMorgan Chase & Co’s board added two new directors in hopes of balancing power and reining in Chairman and Chief Executive Jamie Dimon, who piloted the largest U.S. bank through the financial crisis. These directors don’t have the outside perspective the bank needs, said Michael Pryce-Jones, a spokesman for the CtW Investment Group. "Bringing in someone who was a former deputy of Jamie Dimon's is absolutely the wrong move, and Michael Neal worked for a too-big-to-fail financial company himself.”
The JpMorgan Chase & Co’s board announced Monday that they added two new directors after Ellen Futter and David Cote resigned from drawing widespread criticism for their lack of banking industry experience. The largest U.S Band has since been under fire for trading losses, countless government investigations and numerous shareholder complaints.
Monday, September 9, 2013
Biggest Wal-Mart Protest Since Black Friday
Last week, Wal-Mart workers intensified actions nationwide by protesting in 15 cities after Wal-Mart failed to reinstate illegally fired Wal-Mart Strikers and publicly commit to a living wage by Labor Day. A protester and resident of Northeast D.C., Antoinette Norwood said, “As much money as Wal-Mart makes, it can afford to pay more,” said the retired security worker. “Living on $8.50 in the District is hard living; two people making $8.50 can’t even pay rent.”
With Wal-Mart workers barely scraping by at an average of $8.80 an hour while top executives are making millions, you have to ask yourself, why would a company let their workers struggle to pay for basic needs? Last week, the nationwide protests demanded Wal-Mart to pay their employees at least $12.50 an hour or $25,000 a year. During the New York City protests, "at least three current or former Wal-Mart employees were arrested for disorderly conduct as they attempted to deliver a petition to the office of Wal-Mart director Chris Williams," a CEO board member of New York-based investment bank Williams Capital Management Trust.
Friday, September 6, 2013
What Should You Be Earning?
From the Economic Policy Institute Blog
By Elise Gould
In honor of Labor Day, we made a little tool—based on our project inequality.is—that shows how much you would be making if wages had kept pace with productivity, a key indicator of an economy working for all.
Economic inequality is a real and growing problem in America. Since the 1979, workers are working more, making more goods, and not reaping the rewards of their increased productivity. Instead, CEOs and executives—the top 1% of earners—now take home 20% of the nation’s income.
But it doesn’t have to be like this. Growing inequality isn’t an inevitability—it was created. It’s the result of intentional policy decisions on taxes, trade, labor, and financial regulation. But that’s the good news: if inequality is not inevitable, then it can be fixed.
Take a look, and share with your friends. And remember that American workers should be earning more than we are. To do something about it, visit inequality.is.