iOS app Android app

Department of Labor

What the Overtime Proposal Is Really About

Debra L. Ness | Posted 08.21.2015 | Politics
Debra L. Ness

In July, the U.S. Department of Labor demonstrated an exceptional commitment to America's working families by proposing an update to the rules that determine who qualifies for overtime pay.

U.S. Appeals Court Upholds Minimum Wage For Home-Care Workers

Reuters | Paige Lavender | Posted 08.21.2015 | Politics

WASHINGTON, Aug 21 (Reuters) - A U.S. appeals court on Friday upheld a Department of Labor rule requiring employment agencies to pay the minimum wage ...

Interns Should Get More Out of Internships Than Employers

Sandy Malone | Posted 08.20.2015 | Business
Sandy Malone

Would it be easier to forget about doing internships and just hire somebody to do that job? Yes. It would also be cheaper. But if I hadn't gotten my first internship opportunity through The Fund for American Studies in 1996, I would not be where I am today. Without a doubt. So I'm paying it back.

Raise Your Voice to Raise Wages

Hector E. Sanchez | Posted 08.20.2015 | Latino Voices
Hector E. Sanchez

There are many signs that the economy is recovering, but we still have a long way to go.

One-Quarter Of Mothers Return To Work Less Than 2 Weeks After Giving Birth, Report Finds

The Huffington Post | Emily Peck | Posted 08.19.2015 | Business

While high-end firms that employ the most well-educated and well-paid U.S. workers compete in a benefits arms race, too many working women a...

Fairness and Equity Are American Values

Sidney Shapiro | Posted 08.10.2015 | Politics
Sidney Shapiro

In 1873, when Mark Twain and Charles Dudley Warner published their book, The Gilded Age, they satirized the greed, political corruption, and skewed distribution of wealth that pervaded the United States at the time.

Working Mother Heads To Washington, D.C.

Regan Long | Posted 07.29.2015 | Parents
Regan Long

At one point or another, we all will have to separate from our baby, no matter what age they are. That being said, some parents are forced to do this in an unfathomable amount of time. When we look at an average leave being 6-12 weeks of unpaid leave in the United States, for many, that would be a gift.

Department of Labor Says Most Workers Are Employees and Not Independent Contractors: 5 Notable Takeaways

Cathy Ruckelshaus | Posted 07.24.2015 | Business
Cathy Ruckelshaus

Last week, the U.S. Department of Labor's Wage and Hour Division issued an important Administrator's Interpretation that provides clear and timely guidance on the question of who is properly considered an "employee" and covered by the Fair Labor Standards Act, and who is not.

Elizabeth Warren Nails GOP Financial Exec

The Huffington Post | Zach Carter | Posted 07.22.2015 | Politics

(function(){var src_url="https://spshared.5min.com/Scripts/PlayerSeed.js?playList=518958700&height=381&width=570&sid=577&origin=undefined&res...

Senate Republicans Think Herbalife Is A Good Model For Your Retirement Savings

The Huffington Post | Zach Carter | Posted 08.14.2015 | Politics

WASHINGTON -- In 2010, Citigroup decided to sell what was widely regarded as one of its dodgiest operations. The struggling Wall Street titan was try...

New Rules Could Change The Way Millions Of People Get Paid

Associated Press | Marina Fang | Posted 07.16.2015 | Politics

 WASHINGTON (AP) — When are workers employees? When are they contractors? The Labor Department issued new guidance Wednesday that could lim...

New Overtime Pay Protections for American Workers

Rep. Jan Schakowsky | Posted 06.30.2015 | Politics
Rep. Jan Schakowsky

The fight for fair wages is far from over. We have already heard opposition from some Congressional Republicans who want to block this common-sense measure to expand overtime pay for hardworking families.

The Battle Over the DOL's Fiduciary Rule Gets Dirty

Dan Solin | Posted 06.23.2015 | Business
Dan Solin

The battle over a rule proposed by the Department of Labor, which would require retirement plan advisors to be fiduciaries to plan participants, has descended to a new low. The securities industry lobby has been earning its keep, persuading some members of Congress that putting the interest of plan participants first is actually a bad idea. No mean feat.

Changing the Behavior of the 99 Percent

Barbara Roper | Posted 06.18.2015 | Business
Barbara Roper

DOL thinks it isn't enough to give lip service to a best interest standard. You also have to change the common industry practices that work against that goal. And that, of course, is why industry finds the DOL rule so threatening.

The Supreme Court's Misplaced Ruling on 401(k) Plans

Robert Hiltonsmith | Posted 06.12.2015 | Business
Robert Hiltonsmith

The ruling's goal, protecting retirement savers from high fees and poor performance, is both admirable and desperately needed. However, the firms actually responsible for investing 401(k) assets -- the financial services industry -- should be accountable for the performance of their investment products, not employers.

The Phony Fiduciary 'Debate'

Dan Solin | Posted 06.10.2015 | Business
Dan Solin

The battle over the legal standard to which advisors should be held when giving investment advice has two fronts: Advice given by advisors to retirement plans and advice given by advisors to everyone else, including individual investors.

Trade Enforcement Failure

Leo W. Gerard | Posted 06.01.2015 | Politics
Leo W. Gerard

President after president has promised that the U.S. will compel foreign nations to meet labor standards established in free-trade agreements. They haven't. They probably can't. And American workers and politicians should stop buying it. The U.S. can sign trade agreements with countries after they stop murdering trade unionists and countenancing child labor.

America Trails the Developed World on Paid Leave For Working People

David A. Love | Posted 05.07.2015 | Politics
David A. Love

For all of the talk of American exceptionalism, the U.S. is exceptionally bad in the treatment of its workers. America--the world's largest economy--is one of the few advanced nations without a national policy guaranteeing paid sick leave for workers.

6 Key Facts Everyone Should Know About the Federal Court Case for Home Care Workers

Robert Espinoza | Posted 05.05.2015 | Politics
Robert Espinoza

This week, the U.S. Court of Appeals for the D.C. Circuit will hear arguments on whether the Labor Department has the authority to extend minimum wage and overtime protections to workers who provide home care assistance to elders and people with disabilities. This federal court case affects all of us.

When Is an Employee "Working?" This Is a Complex Legal Question

Brad Reid | Posted 06.13.2015 | Business
Brad Reid

While clocking-in and clocking-out may be important in resolving a "work" question, courts recognize that "off-the-clock" work is also compensable.

Charting the Wave of New LGBT Protections at Work

Marcy Karin | Posted 06.08.2015 | Gay Voices
Marcy Karin

Starting April 8, 2015, employers who do business with the federal government may not discriminate against applicants and employees on the basis of sexual orientation or gender identity.

Can Wall Street Kill a Fiduciary Rule?

Barbara Roper | Posted 06.03.2015 | Business
Barbara Roper

An explosive new blog post at AdvisorHub purports to quote a high-ranking Morgan Stanley executive deriding the notion that Wall Street would ever allow a real fiduciary standard to be applied to its business. The arrogant assumption that Wall Street runs Washington and the patent disregard for investor well-being give the alleged emails a convincing ring.

President Obama Warns Americans About Bad Retirement Advice

Natalie Pace | Posted 05.02.2015 | Money
Natalie Pace

To help us all better understand how to reduce the exposure to conflicts of interest, high fees and lockup periods, I called upon Marie Chandoha, the president and CEO of Charles Schwab Investment Management, Inc.

Rep. Wagner Introduces Anti-Investor 'Retail Investor Protection Act'

Barbara Roper | Posted 04.28.2015 | Business
Barbara Roper

If a contest for the most Orwellian bill title were held, Rep. Ann Wagner's newly reintroduced "Retail Investor Protection Act" would be a serious contender. Despite its title, this legislation has nothing to do with protecting retail investors.

Obama: Stop Wall Street Brokers From Putting Their Interests Above Clients Saving for Retirement

Dennis M. Kelleher | Posted 04.25.2015 | Politics
Dennis M. Kelleher

We're not suggesting that everyone who gives retirement investment advice is taking advantage of their clients, since many advisers do act in their client's best interest. But, because the law does not require them to do so, far too many do not. That's why the President's recent action is so important.