(New York, NY) – Eight million workers rely on low-wage jobs supported by the federal government’s $1.3 trillion in annual spending on goods and services, a new report by the national public policy organization Demos finds.
With a Congress that will not act to support American workers and their families, it is more important than ever that [the president] take executive action to institute a Good Jobs Policy.
For young adults who entered the workforce between the start of the Great Recession in 2009 to the present, days spent searching for jobs — any jobs at all — have stretched into weeks, months and even years. This endless disappointment seems to be the new normal for a generation of young people who were once assured that if they graduated from high school, attended college and studied hard, they would enjoy gainful employment in the field of their choosing.
A higher federal minimum wage may be a pipe dream in a stalled Congress but with cities and states increasingly raising their own minimums and more workers protesting nationally, President Obama had to get in on the action. For workers employed by federal contractors only Obama issued an executive order this February raising the minimum wage to $10.10. But is that enough? Some of those workers didn’t think so.
Competition and innovation in bank payments risk being undermined if the system’s new regulator is too heavy handed, a report from Demos Finance warns.
The government is setting up a regulator to ensure new and smaller banks get a fair deal when using larger rivals’ systems. But analysts at Demos worry some actions to address this could backfire, prompting banks to withdraw services rather than comply. The think tank also wants the new regulator to consider potential uses for collecting tax data.
This week, President Obama ordered changes to the federal student loan program that could help millions of borrowers make their payments more affordable starting in December 2015.
Big news! President Obama announced an Executive Order this afternoon that would extend the protections of Income-Based Repayment to an estimated five million more student borrowers.
President Obama is expected to announce an Executive Order that would extend the protections of Income-Based Repayment (or more specifically, Pay As You Earn) to student borrowers who took out loans before 2007 or stopped borrowing by 2011.
President Obama signed an executive order Monday that could extend student debt relief to an additional 5 million people — a move aimed in part at better educating young borrowers of their rights while jumpstarting a moribund debate on the issue in Congress.
FAYETTEVILLE, Ark.--(Business Wire)--Sending a message to the Walmart heirs who control the company, a growing number of institutional investors, independent shareholders, analysts and advisors are raising concerns – and proposing changes – at Walmart’s annual shareholders meeting Friday.
Walmart has grown from a single store in Rogers, Arkansas, into a massive American institution. It takes in more money per year than most countries produce in GDP. It employs 1.4 million people, or nearly 1 in 100 American workers. Its stores cover 1.1 billion square feet.
There was a lot of pomp and circumstance at Walmart's (WMT) shareholder meeting Friday. In the "pomp" department, over 20,000 of Walmart employees were treated to a star-studded spectacle featuring Pharrell, Robin Thicke, Florida Georgia Line, Sarah McLachlan and Harry Connick Jr., among others.
There was a lot of pomp and circumstance at Walmart's (WMT) shareholder meeting Friday.
In the "pomp" department, over 20,000 of Walmart employees were treated to a star-studded spectacle featuring Pharrell, Robin Thicke, Florida Georgia Line, Sarah McLachlan and Harry Connick Jr., among others.
As the nation’s trillion-dollar student debt continues to rise, a new analysis of public higher education’s funding finds dwindling state support is the key factor driving rising tuition costs and deepening student debt.
You’ve probably heard by now that a stunning 95 percent of the gains the United States economy has made in the years since the Great Recession have gone to the top 1 percent.
“Working moms” employed by the world's biggest retailer, Walmart, have walked off their jobs in a number of cities across the United States. Union organizers said employees walked picket lines Wednesday throughout the day in 20 cities including Tampa, Miami, Chicago, Milwaukee, Minneapolis, Los Angeles, and San Francisco.
Under the banner of "Walmart moms," mothers who work at Walmart launched strikes in 20 cities across the United States on Wednesday to protest what they say are poverty wages and routine policies of retaliation against workers who organize. From Chicago to Pittsburgh to Miami, the mass actions were part of rolling strikes launched last Friday by Our Walmart members.
Walmart workers speaking at the company’s annual shareholder meeting in Bentonville, Arkansas, on Friday said the megastore’s staffing problems and poor pay were hurting the company’s image and contributing to lagging sales.
Their statement comes after a week of rallies across the country by labor activists, union representatives and workers in cities such as Chicago; Dayton, Ohio; and Baton Rouge, Louisiana. The demonstrators have taken aim at the plight of the company’s low-wage employees and the burden they say Walmart’s staffing policies place on working mothers.
While many of Walmart's workers rely on food stamps and other government aid to make ends meet, its top eight executives are living better, thanks in part to $298 million in tax-deductible "performance pay" during the past six years.
Walmart employee Janet Sparks claims she's not making a living wage, but insists she's determined to change that. "Across the country, we're all standing together today," she told NOLA.com | The Times-Picayune while holding up a protest sign outside of the big box store.
Sparks and five other Walmart employees, along with local group Walmart Moms and the AFL-CIO protested outside of the Cortana Mall Walmart Wednesday (June 4) as part of a national day of action against the chain store leading up to its annual shareholders' meeting.