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Caroline Fairchild
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Entries by Caroline Fairchild

McDonald's Tells Workers To Take Vacations Many Can't Afford

(1152) Comments | Posted November 20, 2013 | 11:19 AM

McDonald's is encouraging its workers to take time off to stay healthy, even as many of them can't afford to take that advice.

The fast food giant's personal wellness website, called the McResource Line, is now offering workers guidance on how to eat healthy, manage stress and get...

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Walmart Worker Strikes Over Low Wages Reach Chicago

(337) Comments | Posted November 13, 2013 | 12:58 PM

Walmart workers from three separate stores in the Chicago area went on strike Wednesday. The walkouts are the latest in a series of worker demonstrations in protest of what associates describe as the retailer's low wages, unpredictable hours and unjust retaliation against workers.

The Chicago protests will culminate with...

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Cereal's Future Is In Jeopardy

(1454) Comments | Posted November 12, 2013 | 7:09 AM

America's long-lived love affair with cereal may be coming to an end.

Kellogg, the maker of Corn Flakes and Rice Krispies, announced last week that it was cutting about 2,000 jobs partly due to "softer" than expected demand for cereal. Although more than 90 percent...

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Blockbuster Didn't Have To Die. This Video Rental Company Proves It

(132) Comments | Posted November 8, 2013 | 10:07 AM

Blockbuster may be dead, but people are still going out and renting movies -- at least according to the president of the country's largest movie rental chain, Family Video.

If you live outside middle America, you probably haven't heard of Family Video, which has roughly 770 stores mainly in the...

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Low-Wage Workers Are Robbed More Than Banks, Gas Stations And Convenience Stores Combined

(871) Comments | Posted October 30, 2013 | 1:56 PM

Low-wage workers are robbed far more often than banks, gas stations and convenience stores combined -- and the perpetrators are their own employers.

That's because many employers don't abide by minimum wage laws or pay overtime, according to a study, released on Thursday by the Economic Policy Institute,...

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What 7 Wildly Successful People Wish They Knew When They Were Younger

(43) Comments | Posted October 24, 2013 | 8:39 AM

Maybe you're having a hard time right out of college. Maybe you're unsure of where you're headed or what you want to do once there. Maybe you're just stuck.

You know what? It's OK. Even some of the most successful people in the world haven't always known what they...

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Top-Tier CEO Pay Grew Nearly 15 Times Faster Than Worker Pay Last Year

(98) Comments | Posted October 22, 2013 | 1:49 PM

The chief executives of the biggest U.S. companies just keep seeing huge leaps in pay, leaving the average worker further and further behind.

The median pay of a CEO at a company in the Standard & Poor's 500-stock index rose by nearly 20 percent from 2011 to 2012, according to...

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Financial Crisis Made Us More Likely To Cheat, Steal: 'Think Robin Hood'

(42) Comments | Posted October 22, 2013 | 11:10 AM

The financial crisis didn't just hurt the economy. It also may have done major damage to our collective moral standards, a new study suggests.

After suffering a financial loss, people are more willing to lie, cheat and steal to improve their situation, according to a study conducted by...

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Even More 20-Somethings Live With Mom And Dad Than You Think

(92) Comments | Posted October 21, 2013 | 1:50 PM

The generation that came of age during the Great Recession is still having trouble becoming financially independent and moving away from home, according to a report by the Pew Research Center using recent Census Bureau data.

Only about a third of U.S. adults between the ages of 18 and 32...

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Shutdown Causes Biggest Drop In Economic Confidence Since Lehman

(1685) Comments | Posted October 8, 2013 | 11:52 AM

The partial government shutdown has Americans nearly as freaked out about the economy as the event that triggered the 2008 financial crisis, according to a new survey by Gallup.

U.S. economic confidence last week suffered its biggest one-week drop since Lehman Brothers collapsed on September 15, 2008,...

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Here Is What The Job Market Would Look Like Today Without Austerity

(1399) Comments | Posted October 4, 2013 | 9:46 AM

Republicans are threatening major future economic damage with a U.S. government shutdown and possible debt default. But their budget fights have already caused major damage to the job market, according to one study.

If federal and state governments had never implemented the policies of fiscal...

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Corporate Profits Are Soaring, But You're Not Feeling It

(428) Comments | Posted October 1, 2013 | 2:07 PM

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Where's My Sandwich?

(46) Comments | Posted September 25, 2013 | 2:49 PM

On Wednesday, I was greeted at work by the sound of a co-worker's laughter.

"Have you seen this yet? There is this woman and she is making 300 sandwiches for her boyfriend in hopes that he'll finally propose," she said between chuckles.

The woman is Stephanie Smith. A...

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These Supremely Successful Business Leaders Are Obsessed With Making The World Better

(20) Comments | Posted September 24, 2013 | 1:27 PM

Some of the nation's most accomplished business minds are looking beyond money and power when it comes to how they define success.

Instead of traditional benchmarks, these executives seem more interested in how much they help others and whether they leave the world a better place than they found it.

...
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Middle-Class Decline Mirrors The Fall Of Unions In One Chart

(2035) Comments | Posted September 18, 2013 | 11:47 AM

This week the Census Bureau reported the latest depressing decline in middle-class incomes during the so-called economic recovery. But it may have missed an important factor in this story.

A report on Wednesday from the left-leaning think tank Center For American Progress notes that as middle-class...

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Abercrombie Dress Code Enables Discrimination, Insiders Say

(2035) Comments | Posted September 18, 2013 | 8:49 AM

Anna Zakhlyebayeva arrived for her first day of work at a Hollister store in Olympia, Wash., wearing a navy blue Hollister tank top, dark Hollister jeans and Hollister flip flops -- an outfit she believed conformed to the retailer's corporate dress code.

There was one exception: the tiny silver...

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11 Ways College Athletes Are Treated Worse Than Unpaid Interns

(306) Comments | Posted September 6, 2013 | 7:34 AM

Unpaid interns across the country are questioning the fairness (and legality) of not getting paid for their work. But another group of young adults works hard every day for no pay: student-athletes.

Overworked and often discarded after years of constantly putting their bodies at risk of injury,...

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68 Walmart Protesters Arrested At Demonstrations Across U.S. (UPDATED)

(8351) Comments | Posted September 5, 2013 | 12:27 PM

The New York Police Department arrested three Walmart protesters in New York City on Thursday during demonstrations against the company's wages and worker conditions, according to Making Change At Walmart, a coalition of Walmart worker advocates.

The protesters in New York planned to deliver a petition to company...

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U.S. Workers Are Still Completely Freaked Out About Job Security (CHART)

(580) Comments | Posted September 2, 2013 | 1:45 PM

Time has healed no wounds when it comes to how secure Americans feel at work, according to a recent poll.

The poll, conducted by Gallup, found that Americans continue to express elevated concern about being laid off, having their hours cut, and having their benefits and wages reduced....

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9 Ways We're Better Off Now Than We Were On The First Labor Day (And 5 Ways We're Not)

(846) Comments | Posted September 2, 2013 | 9:18 AM

In 1894, when Congress created the holiday now known as Labor Day, the world was a different place -- indeed, many states were still just baby territories back then.

But things were especially different for the workers, many of whom often struggled in dangerous conditions...

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