Millions more workers could soon be making more money thanks to overtime changes the Obama administration announced today.
Starting December 1, the regulations being issued by the Labor Department would double the threshold under which salaried workers must be paid overtime, from to $47,476 from $23,660.
This rule is part of the patchwork of changes on the national, state, and even municipal level to raise wages for workers that have small businesses and large corporations figuring out how to balance the books, by either cutting workers or raising prices.
It’s not every day that low-paid workers — cleaners mopping the floors of Washington’s Union Station, vendors selling pretzels at the National Zoo, servers dishing out hot lunch at congressional cafeterias — speak out and win a voice in setting national policy. Yet three years ago, that’s exactly what began to happen.
In May 2013, workers employed by private companies under contract with the federal government came together to form Good Jobs Nation – and walked out on strike in the nation’s capital.
Today, the working class are most likely to work as caregivers, retail workers, cashiers, fast food workers, and janitors. How are the working class movements such as “Fight for $15” minimum wage shifting the political and economic landscape? Join the conversation, on the next Your Call, with Rose Aguilar, and you.
About 94% of donors to Emanuel's campaign were white, even though white people comprise just 39% of Chicago's total population, according to the new report, from progressive think tank Demos. Emanuel's donors almost entirely (84%) gave large contributions of $1,000 or more. A staggering 80% of his donors had an annual income of at least $100,000 or more, despite just 15% of Chicagoans making six figures.
In May, the University of Pennsylvania Law Review Online will publish a series of essays examining the role that political equality could play in the Supreme Court’s campaign finance jurisprudence. The authors in this collection are helping to relaunch a conversation that has been stagnant for forty years.
Each year, Demos recognizes leaders who are transforming America. From #BlackLivesMatter to Amy Poehler to Rashad Robinson, we have honored the people, organizations, and movements that are challenging our country to live up to the true meaning of democracy: a place where all Americans have an equal say and an equal chance.
However, money still matters a lot, and it probably matters more on the local and state level than it does nationally. As McElwee notes, the donor class has sharply different ideological beliefs than the public at large. For obvious reasons, they tend to resist the tax increases necessary to pay for better services, and tend to support "centrist" austerity derp like the Bowles-Simpson program. In other words, they're more conservative.
In a nutshell: Rahm Emanuel relied overwhelming on large donations from a very nearly exclusively white pool of donors — who also, as further analysis shows, largely live in the same few rich wards of the city (save for non-Chicagoans, as Emanuel also did a lot of fundraising outside the city). Even Garcia's donors were disproportionately white, though to a much lesser extent. "We expected going in there would be some demographic disparities," McElwee told The Week.
When Chicago Mayor Rahm Emanuel ran for re-election in 2015, his opponents accused him of representing the elite in a city starkly divided by race and class. A new analysis of campaign finance data shows that, at least from a fundraising perspective, the mayor’s support did indeed come largely from a narrow band of Chicago’s citizens.
In this election season, reining in Wall Street is clearly a burning issue for many voters. The passion for Wall Street reform is closely wrapped up with working class anger and anxiety driven by wage stagnation and economic insecurity, all within a climate of accelerating wealth and income inequality.
"There are no other countries that we would think of as advanced that don't offer some paid maternity leave," said Amy Traub, a senior policy analyst at Demos, a left-leaning public policy group. "So many countries started guaranteeing maternity leave as more woman started to enter the workplace, and the U.S. just has been a laggard."
How much should I save for retirement? How much should I increase my contributions when I get a raise? Should I save in my firm’s 401(k) or a personal IRA? Which investments should I choose?
For many of us, making the right choices when navigating the bewildering world of investing for retirement can seem nearly impossible. We know that correctly answering these and other questions that arise when investing for retirement are the keys to a comfortable living during our golden years, yet it often feels as if we’d need a finance degree to do so.
Politicians refer to American exceptionalism as a way of pointing out how special is our country. I recently returned to work following three months of paid leave to take care of a very exceptional newborn boy. Having the opportunity to bond with my child is an exceptional experience in the American labor force.
This exceptionalism Americans shouldn't be proud of.
I want to know what’s going to happen with the farm workers,” she said, through a translator. “Are you going to include us in this?”
Bhandary-Alexander said the hearing “couldn’t have been any better,” as a way to connect policy issues with individual narratives.
The board heard from economic experts from the Economic Policy Institute and Demos think tank in previous hearings about how minimum wage increases have affected other cities.
Under New York’s proposed paid family leave law, businesses won’t pay anything for the new family leave benefit. The program would be funded entirely by a small payroll deduction from each worker in the state. An insurance provider will pay the benefits out to workers.
It’s certainly not the most progressive way to fund a new public benefit, but one thing it’s not is a burden on businesses.
Today President Obama fulfilled his constitutional duty by nominating Judge Merrick Garland to succeed Justice Antonin Scalia on the U.S. Supreme Court. Now the question is whether U.S. Senators will do their jobs.