Phil Ashburn started working at Western Electric in 1972 and stayed there for 30 years, even after the company split up. Eventually he ended up at a phone company called Pacific Bell. “It was a great company to work for. The company took care of you and you took care of the company,” he said.
The fastest-growing occupation in the U.S. is also among the lowest paid.
The aging of America's baby boomers has led to a surge in demand for home care workers to look after the nation's elderly, as well as the disabled and chronically ill. The work is as essential as it is poorly paid. Home health aides do everything from checking a client's vital signs and administering medications to looking after people's dietary needs and even operating life-sustaining equipment, such as ventilators.
Hollywood made a lukewarm attempt last night to acknowledge their failures at diversity. This strategy was summed up by Neil Patrick Harris’ early quip, “Tonight, we honor Hollywood’s best and whitest—I mean brightest,” followed by mellow laughter from the audience.
Remember when Walmart got panned for running a Thanksgiving food drive for its own employees—overlooking the irony of demonstrating noblesse oblige by asking customers to subsidize the workers the company itself impoverished? The retail giant took a more strategic approach last week when rolling out its latest do-gooder scheme: raising its base wage incrementally to $10 an hour.
This week a group of former students calling themselves the Corinthian 15 announced that they were committing a new kind of civil disobedience: a debt strike. They are refusing to make any more payments on their federal student loans.
In the wake of the recent gutting of the Voting Rights Act, partisans were quick to jump on the opportunity to restrict unfavorable voters. Across the country, conservatives in particular have debated fiercely whether to pursue voter suppression to remain competitive in an increasingly diverse electorate.
When Congress narrowly missed another government shutdown in December by passing the “cromnibus” bill, much of the press coverage focused on Capitol Hill’s ongoing dysfunction. However, buried inside the bill was yet another blow to campaign finance regulations, dramatically increasing the amount of money donors can give to political parties. A single couple can now give up to $3.1 million to a political party over a two-year election cycle, a six-fold increase.
For about a month now, New England has been pummeled with massive winter storms, leaving large swaths of the region with feet of snow and frequently making travel impossible.
The U.S. economy has finally slugged its way out of the ditches.
The Wall Street Journalreports that Department of Labor job numbers indicate that the labor market improved in all 50 states, Puerto Rico and Washington D.C. in 2014.
Most people want to believe that their place in the world is something they earned, either through hard work, preparation, or both. I understand this sentiment. As a native of a country that reveres Horatio Alger-inspired tales of upward mobility, the idea that our status might be attributed to something we can’t control seems unfathomable.
Warren Buffett warned investors that bankers were still up to their old tricks in his recent investor letter. Vanguard founder Jack Bogle is writing about how high fee mutual funds are ripping off investors and endangering retirement security. And Fed Chair Janet Yellen is touting new, tougher capital rules for “Too Big to Fail” banks.
Fifty years after Bloody Sunday, I marched to the top of the Edmund Pettus Bridge with Mrs. Amelia Boynton Robinson, Congressman John Lewis, President Barack Obama, and many others.
In America, there is a strongly held conviction that with hard work, anyone can make it into the middle class. Pew recently found that Americans are far more likely than people in other countries to believe that work determines success, as opposed to other factors beyond an individual’s control. But this positivity comes with a negative side — a tendency to pathologize those living in poverty.
Maybe no economic statistic captures the continuing impact of the nation’s history of inequality better than the racial wealth gap. It has left a yawning gulf that separates whites from blacks and Hispanics. And it persists across income and educational levels in ways that have left whites who are high school dropouts with a higher median new worth greater than blacks and Hispanics who are college graduates.
If black families had the same opportunitites that white families have to increase their incomes through investments, retirement plans, and other asset-building measures, it would reduce the wealth gap between the two groups by nearly $45,000, or 43 percent, according to a report out Tuesday. For Latino families, it would reduce the gap by more than almost $52,000, or 50 percent.
The yawning racial wealth gap in the United States is no accident, but rather, driven by unjust public policy decisions—from the re-segregation of education to the redlining of home ownership to poverty wages, according to a new analysis by Brandeis University and the public policy organization Demos.
Latonya Suggs is one of 15 former students of Corinthian-owned schools called "the Corinthian 15" who are engaging in what they say is the nation's first student debt strike. They're refusing to pay back both their private and their federal student loans.
Strike Debt is helping provide legal support for the students for the consequences of the strike, which will be harsh if the group isn't relieved of its debts.