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Wages

Empower All Americans

Peter A. Georgescu | Posted 08.26.2015 | Business
Peter A. Georgescu

What America needs is empowered citizens. We need more jobs; we need to pay the hardworking employees a fair wage. We need enough income flowing that adequately rewards the value workers create to help better educate all our children.

Disciplining Corporate Directors: The Real Culprits in CEO Pay

Dean Baker | Posted 08.10.2015 | Business
Dean Baker

More than five years after the passage of Dodd-Frank the SEC finally issued rules on disclosure of CEO pay last week. This is useful information for trends in inequality. Corporate lobbyists have spent the last five years complaining that this disclosure would impose an enormous burden.

The Freelance Economy

Richard Lorenzen | Posted 08.07.2015 | Business
Richard Lorenzen

With sites like Elance, Freelancer, and Guru, it's easy to see that many people have already turned to freelancing either to supplement their income or as a full time occupation.

Sanding Down the Rough Edges of Capitalism Is Not Enough

David Morris | Posted 08.06.2015 | Politics
David Morris

I recommend we stop using the term "contributions" to describe the campaign spending of oligarchs and start using the term they themselves often use: "investments". The very rich invest to change the rules in their favor.

The Non-Madness of the Minimum Wage

Jared Bernstein | Posted 08.03.2015 | Politics
Jared Bernstein

Low-wage workers around the country have sparked a movement for large minimum wage increases for a reason. And their proposed increases are phased in gradually over several years. It might behoove some of those commenting from the sidelines to stop calling them crazy.

Social Security Trustees Report Without the Hysteria

Dean Baker | Posted 07.27.2015 | Business
Dean Baker

For more than two decades there have been well-funded efforts to try to scare the public into supporting cuts in Social Security and/or privatizing the program. The basic story was that demographics would make Social Security unaffordable.

Money Cannot Be The God of Life: How CEO Pay Drives Inequality

Heather Gautney | Posted 07.22.2015 | Politics
Heather Gautney

Lawmakers have failed to keep the wage apace with inflation so that its value is now less than it was five decades ago.

No-Vacation Nation: Does the U.S. Government Care About American Workers?

Marina Peña | Posted 07.20.2015 | College
Marina Peña

Around summer time, many Americans look forward to a week off from work where they can unwind and spend time with their families. Yet, the reality of taking a vacation while employed is that one in four U.S. workers don't receive paid time off.

The Asinine Arguments Corporations Have Used to Block CEO-Worker Pay Disclosure for 5 Years

Sarah Anderson | Posted 07.16.2015 | Business
Sarah Anderson

When Dodd-Frank turns five years old on July 21, this simple rule will still not be in force. It may be the law of the land, but the SEC has not finalized the regulations to put it into practice.

Hard Work With Jeb Bush

Dean Baker | Posted 07.14.2015 | Business
Dean Baker

In describing his economic agenda last week, Republican president candidate Jeb Bush said that "people need to work longer hours." While he quickly tried to walk this one back, there can be little doubt that Mr. Bush meant what he said.

Jonathan Cohn

Hillary To Jeb Bush: The Problem Is CEOs, Not Their Workers

HuffingtonPost.com | Jonathan Cohn | Posted 07.13.2015 | Politics

Jeb Bush got a lot of attention last week when he suggested that Americans who want higher living standards need to work harder. During a speech o...

Rhetoric Versus Reality on Inequality

Douglas Holtz-Eakin | Posted 07.13.2015 | Politics
Douglas Holtz-Eakin

Candidate Clinton's speech today was another progressive salvo regarding the importance of addressing income inequality; ostensibly through a higher minimum wage, being tougher on Wall Street, taxing carried interest, and a host of other progressive favorites.

More Immigration Means Higher Wages For All Workers

Citylab | Jenny Che | Posted 07.14.2015 | Business

 This story originally appeared on Citylab.  For a country of immigrants, the U.S. can really lack compassion in its discussion of immigrat...

Americans Rally 'Overnight' to Economic Populism -- Thanks to Bernie Sanders -- and Decades of Organizing

Roger Hickey | Posted 07.13.2015 | Politics
Roger Hickey

Bernie Sanders is campaigning on a platform that has been developed, tested, and put on the national agenda by a generation of progressive thinkers, political leaders like Sen. Elizabeth Warren, and generations of organizers.

What Do We Do Now That the Fight for a Living Wage Is Achieving Results?

Ian Reifowitz | Posted 07.08.2015 | Politics
Ian Reifowitz

Who knows if the improving figures from the past 12 months are the start of reversing these trends? Either way, we must keep pushing for increases to the minimum wage, and for the enactment of more policies

President Obama's Proposed Overtime Regulations Could Leave Workers Worse Off

Joseph P. Mastrosimone | Posted 06.30.2015 | Business
Joseph P. Mastrosimone

On the surface, this adjustment seems like a boon for American workers. Ironically, however, while the rule would make more employees eligible for overtime pay, it might result in workers being worse off than before.

Dave Jamieson

Obama's Overtime Reforms, Explained

HuffingtonPost.com | Dave Jamieson | Posted 06.30.2015 | Politics

In a blog post on The Huffington Post on Monday, President Barack Obama laid out his highly anticipated plan to extend overtime pay to more American w...

Daniel Marans

Study: Top CEOs Earn 300 Times As Much As Average Workers

HuffingtonPost.com | Daniel Marans | Posted 06.22.2015 | Politics

CEOs at top U.S. companies earned more than 300 times what average workers did in 2014, a new study revealed on Monday. According to the report by ...

A Job Is Not a Job Is Not a Job

Roger D Barris | Posted 06.19.2015 | Business
Roger D Barris

One of the really good things that David Stockman does in his Contra Corner blog is dissecting incoming economic statistics. One of his favourite targets is the monthly non-farm employment figures produced by the US Bureau of Labor Statistics.

Let's Imitate the Pope

Peter A. Georgescu | Posted 06.19.2015 | Business
Peter A. Georgescu

In his new encyclical, the Pope's embrace of both the poor and efforts to reverse climate change will alienate some of his faithful, but it's sensible and exemplary.

New Walmart Ads: An Exercise In Lip Service

Richard Zombeck | Posted 06.16.2015 | Business
Richard Zombeck

Have you seen the new Walmart commercials? They're fabulous. They're heartwarming. They bring back any faith in humanity you may have lost. Actually, they're a spectacular exercise in disingenuous, masturbatory fiction.

Daniel Marans

Progressives Do Not Take The Fed Seriously. Meet The People Trying To Change That

HuffingtonPost.com | Daniel Marans | Posted 06.06.2015 | Politics

Progressive activists have no shortage of ambitious economic policy goals. They include the $15 minimum wage, Social Security expansion, Medicare for ...

Jenny Che

Wages For College Grads Are Now Lower Than They Were 15 Years Ago

HuffingtonPost.com | Jenny Che | Posted 06.02.2015 | Business

College graduates, brace yourselves for some disappointing news. Wages for university grads are 2.5 percent lower than what they were 15 years ago,...

The Federal Reserve Board's Payroll Tax on our Children

Dean Baker | Posted 06.01.2015 | Business
Dean Baker

If the Fed raises rates prematurely, it will be preventing most workers from sharing in the gains of economic growth. Instead of real wage gains, workers are likely to see their wages continue to stagnate, as they have done since the 2001 recession.

One for All, All for One

Peter A. Georgescu | Posted 05.28.2015 | Business
Peter A. Georgescu

Clearly, honesty is the foundation of being good. Honesty is the baseline. Pay your taxes, return the wallet you found on a park bench, and write down exactly how many golf strokes you had on a particular hole.