Walmart just gave half a million people a raise. Could you be next?
The retail giant announced on Thursday that it would increase the minimum pay for its workers to $10 an hour, affecting roughly a third of its 1.4 million employees. [...]
Mayor Bill de Blasio's vision for the five boroughs is to move past the "tale of two cities," to create "a city where everyone has a shot at the middle class," he said during his State of the City address earlier this month.
But just who is part of New York City's middle class? It is not an exact science. Here's why. [...]
A City Council report from 2013, however, expanded the definition of middle class upward to a family earning roughly $200,000.
After years of hardship, America’s middle class has gotten some positive news in the last few months. The country’s economic recovery is gaining steam, consumer spending is starting to tick up (it grew at more than 4 % last quarter), and even wages have started to improve slightly. This has understandably led some economists and analysts to conclude that the shrinking middle phenomenon is over. [...]
Much of the current ballyhoo in higher-education circles has centered on President Obama's announcement earlier this year to make community college free for all Americans "willing to work for it." The move, however, is a part of a larger suite of reforms that the White House hopes will make college more affordable and accessible.
For companies hiring staff, pitches from online security firms sound appealing enough: Running a credit check before signing up a new employee will “offer insight into an applicant’s reliability and a sense of their personal responsibility,” insists employeescreen.com.
Another security firm swears employers using credit checks will “find out what you need to know.”
Two of the most commonly cited reasons for the lack of more liberal policymaking in the United States are the decline in unions and the rising class bias in voter turnout. In the 2014 midterm congressional elections, the Democrats’ rout was largely attributed to a failure of their coalition to turn out at the polls. What is rarely examined, however, is the relationship between a decline in voter turnout and the dwindling number of union members.
Boosting the federal minimum wage would be great news for the workers who’d receive a higher paycheck. Not so much for those who’d be out of a job. That anxiety sums up much of the debate around increasing the minimum wage.
The last two years of Obama’s presidency will largely be defined by his defense of key legislation: the Affordable Care Act, caps on carbon emissions and Dodd-Frank. While the broad shape of the first two battles is already known, the war on financial regulation, because of its abstract nature, will often be waged outside of the public eye.
To prepare for “snowmageddon,” Ana Navarrete stocked up on diapers Monday afternoon. She and her ex-boyfriend, Pedro Blanco, perused the baby aisle of a CVS drug store, having left their two-month-old son with a babysitter.
As the snow piled up on Hillside Avenue, Navarrete thought about her imminent commute. She works nights, 8 p.m. to 1 a.m., as a hotel maid on Long Island, about 25 miles east. She drives 60 minutes each way — much longer in the snow — for just $8.50 per hour, 25 cents below the state minimum wage. [...]
Given that low-income households often don’t have the luxury of professional tax preparation, the tax system might be a particularly brutal delivery mechanism for them. Nowhere is this more apparent than how we currently subsidize the cost of college at tax time.
President Obama this week touted new ways to help students pay for college, but he also proposed stripping away a popular benefit: a significant tax advantage of college savings plans used by millions of American families.
How would you fare with President Obama’s State of the Union middle-class economics proposals to “turn the page” if you’re 50 or older? It depends. [...]
Today, President Obama announced a proposal to make two years of community college tuition-free. It’s a big deal. But it would be just as powerful a signal if we promised students a debt-free system of public higher education, one that could be financed entirely through part-time or summer work and modest savings.
(New York, NY) – On the heels of the nation’s most expensive mid-term election cycle, where federal political spending hit a $3.7 billion high, the national public policy organization Demos released a new report that examines the inherent racial bias in our big money political system.
New York, NY — Last night, provisions were added to the House of Representatives' 2015 omnibus spending bill which would repeal crucial features of the Dodd-Frank Act.
In response, Demos Senior Fellow Wallace Turbeville issued the following statement:
The holiday shopping season is the best time of the year for big retail chains across the United States. But not so much for the people who stock the shelves and ring up the Christmas sales.
As holiday gift-seeking shoppers return, retail businesses are hiring. But that does not necessarily mean employees are finding good jobs. In fact, if you find work in the slow-growing U.S. economy, it’s increasingly likely to be a low-wage job at one of our country’s retail giants.