Like so many young Americans, Derek Wetherell is stuck.
At 23 years old, he has a job, but not a career, and little prospect for advancement. He has tens of thousands of dollars in student debt, but no college degree. He says he is more likely to move back in with his parents than to buy a home, and he doesn't know what he will do if his car—a 2001 Chrysler Sebring with well over 100,000 miles—breaks down.
If you're going to have a raucous, costumed march in New York City, Midtown makes for a great setting. Nurses and HIV activists in Robin Hood hats took the streets yesterday, blocking traffic as they called for a financial transaction tax to fully fund healthcare and other public services. Chants of “People, not profits! Medicare for all!” filled rush-hour streets as business-suited professionals dodged through the crowds.
Cleaning and concessions workers plan to walk off their jobs in federal buildings Wednesday and march on the White House, where they’ll demand President Obama wield his executive authority to raise the labor standards for their taxpayer-funded jobs. Organizers expect turnout for the work stoppage to outstrip the fledgling union-backed group’s first strike May 21, which drew just over a hundred Washington, DC workers. [...]
Here’s an easy way for the government to save about $7 billion a year: Tighten the cap on the lavish salaries paid to executives at government contractors.
The cap is currently at $760,000 per contract per executive per year. That’s almost 15 times greater than the average household income – meaning that the federal government is helping to worsen the same income inequality President Obama has decried.
Courtney Shackleford is one of two entry-level employees at the Ben and Jerry’s in Washington, D.C.,’s Union Station, where she makes $8.25 an hour. Like many workers in America’s growing low-wage economy, she struggles to make ends meet: Between her pregnancy and her tuition fees at Trinity Washington University, Shackleford doesn’t make enough to cover basic expenses.
Delano Wingfield, 22, has been grilling up food and cleaning dishes at Roti Mediterranean Grill in Washington D.C.’s Union Station for almost a year. Struggling to get by on $9 an hour, he started encouraging coworkers to strike with him. His manager found out, he said, and slashed his hours.
“It was hard with 35 hours, and now I don’t know what I’m about to do with the 20 hours they gave me,” he said Wednesday. “I’m out here to make myself and everyone else more money.” (Wingfield’s manager did not respond to a request for comment.)
In a speech last July, President Obama vowed that “whatever executive authority I have to help the middle class, I’ll use it.” On Wednesday, an estimated 175 workers who serve food, sell mementos or do maintenance work in federal buildings in Washington D.C. went on strike for the day. Instead of showing up at their jobs, they showed up in front of the White House, where they urged President Obama to live up to his word.
Americans are coming to face the hard reality that they live in a new Gilded Age, with inequality at levels not seen since before the Great Depression. Even worse: Uncle Sam is subsidizing this lopsided economy.
The federal lawsuit filed to block North Carolina’s restrictive new voting laws is set to test the government’s ability to protect voting rights in the aftermath of a Supreme Court decision gutting the Voting Rights Act.
Just because the government has shut down doesn’t mean Congress will cease its central function of making Americans’ lives miserable. While everyone watches the legislative back-and-forth on the budget, the House may vote this week to thwart a key new Labor Department protection affecting $10.5 trillion in retirement funds. Basically, House Republicans want to allow the financial services industry to continue to steal from your 401(k) and IRA plans. And far too many Democrats want to help them.
Low-wage workers followed members of Congress to the World War II Memorial on Wednesday to protest a federal government shutdown that had entered its second day.
The two-dozen protesters, organized by a labor group called Good Jobs Nation, work in federal buildings affected by the shutdown. The group has organized several small strikes and protests to draw attention to the estimated 2 million workers directly or indirectly employed by the federal government for low wages.
Where does the corporate bottom line end and the public interest begin? Through the voodoo economics of federal contracting, Washington's "partnerships" with private corporations have drained the public trust straight into the pockets of top corporate executives.
The debate over America’s federal budget is getting stale — and getting us nowhere, as the latest government shutdown depressingly reminds us. Political obsession over budget deficits has now morphed into legislative extortion.
Three and a half years have passed since the afternoon when the stock markets went into a trillion-dollar free fall and just as suddenly reversed course, recovering 80 percent of that loss. It all happened in less than 45 minutes.
Washington D.C. Mayor, Vincent C. Gray vetoed legislation demanding that large retailers pay a higher minimum wage, Sept.15. The announcement came on the heels of Wal-Mart threatening to cancel plans for new stores in the District of Columbia if the minimum wage was increased.
Mayor Gray denied that he vetoed the minimum wage because of Wal-Mart’s threat in his weekly radio address.
On September 15, the fifth anniversary of the collapse of Lehman Brothers, progressives toasted a victory.
True, thanks to Congressional timidity, the biggest banks have only gotten bigger since the financial crisis five years ago, and the men (yes, mostly men) in charge of them are mostly still in charge. But Larry Summers, the architect of a good chunk of the deregulation that set the stage for the crisis in the first place, had withdrawn his name from consideration to be chair of the Federal Reserve, thanks to a populist uprising within the Democratic Party.
Six years after finishing college – with a degree in molecular and cellular biology – Sydney Gray works 18 hours a week as a cashier at a New Orleans farmers' market. Other times, she volunteers there to get free food.
"I can't even get a job waiting tables," says Ms. Gray, whose two previous part-time jobs ended when the employers folded. "When I apply for jobs, I'm competing against people with master's degrees and PhDs."
Wal-Mart Stores is the country’s biggest private employer. Its low wages have incited labor protests and congressional criticism, and have created a cottage industry of public policy research.
As a retiree with a defined-benefit pension; a former public employee who defended public workers’ pension benefits for decades; and an advocate who, after leaving the Service Employees International Union, chose to spend several years trying to create a national effort to build a new all-American retirement system, I want to offer my perspective on some of the recent pension issues in Rhode Island.
Congress resolved the shutdown and debt ceiling crisis (for now) by agreeing to hash out a budget agreement by mid-December. Already, hopes are dim. Budget experts say that if any deal at all is worked out to replace the deep budget cuts that went into effect in March, the most likely outcome will be a short-term plan involving slightly less severe spending cuts—but with no new revenue, a big Democratic priority.