The Economic Policy Institute estimates a $15 minimum wage would benefit 32 million workers, but centrist Democrats pose a problem for progressives' push.
"It is a really a negative mark on this country that we have kept minimum wages so low for so long," economist Ben Zipperer told Insider.
The Raise the Wage Act of 2021 says the minimum wage will be $15 by 2025, but a few states are already scheduled to reach $15 in the near future.
The minimum wage in New York is $12.50, which works out to just 55.7% of the state's median wage of $22.44.
Throughout the pandemic, the recovery has been uneven for different income levels. Billionaires around the world have made $3.9 trillion.
The value of $15 really depends on where you live, since it is more expensive to live in some states than others.
IT consultancy favors male and Indian workers, watchdog told in complaint Four female former employees of IT consultancy Infosys on Wednesday filed a claim with the US Employment Opportunity Commission (EEOC) alleging that they were subject to pervasive discrimination at the company.…
Just over half of the 22 million US jobs lost during the pandemic have been regained, but lasting scars stand in the way of a full economic recovery.
The new rule, supported by the restaurant industry, could cost tipped employees more than $700 million in lost wages, according to one analysis.
Pittsburgh workforce erosion, punitive policies cited in labor complaint The US National Labor Relations Board has bundled a series of complaints alleging labor law violations against IT services firm HCL America (HCL Technologies), which supplies contract workers like data analysts to a Google office in Pittsburgh, into a case to be heard in February.…
The limited stimulus bill could leave out federal unemployment benefits for 26 million Americans receiving a jobless check.
Trump's abrupt decision to end stimulus negotiations is "terrible economics," one policy expert said.
The Trump administration plans to stop collecting farm worker wage data, which could lead to far lower wages for migrant laborers.
Arizona, New Hampshire, and Hawaii topped WalletHub's annual ranking of the worst states for teachers.
From February 2020 to August 2020, employment in K-12 education dropped by 5.7%, or 462,100 jobs.
The car-news site Jalopnik asked Uber and Lyft drivers to send in their receipts in an effort to analyze how much the companies were skimming off the drivers' fares.In analyzing 14,756 fares, Jalopnik found that both companies were taking heftier chunks of drivers' fees than had been reported.Uber and Lyft disputed the figures, saying the sample sizes were not representative of the millions of rides taken each day.The amount of money Uber and Lyft skim off drivers' fares is referred to as the "take rate," and it has been a point of contention in the past as drivers have protested their pay as inadequate.Jalopnik asked Uber and Lyft drivers to either fill out forms where they could break down fares from a single ride or to send emails with data from all of a driver's fares over a given time period.Overall, Uber took a 35% cut of rides, and Lyft took 38%.
Facebook's recently unveiled Libra cryptocurrency is facing pushback from groups concerned by unanswered questions about the digital coin.In an open letter Tuesday, more than 30 groups -- including the Economic Policy Institute and US PIRG -- urged Congress and regulators to impose a moratorium on Libra until the "profound questions" raised by Facebook's proposal are addressed.Facebook is working with 27 partners to launch Libra, which is expected to be released along with a new digital wallet that works with Messenger and WhatsApp.People will be able to use Libra to purchase products, send money across borders or make donations.The cryptocurrency, which will be managed by the Libra Association and backed by stable financial assets, is expected to debut in the first half of 2020.Some lawmakers have already called for Facebook to pause its development of Libra, citing the company's seemingly endless list of scandals.
A ride-hail driver strike in at least 15 global cities didn’t seem to put a dent in service.But now, six weeks after Lyft went public and two days ahead of Uber’s projected $90 billion public offering, everyone’s paying attention.In New York and San Francisco, ride-hail vehicles appeared plentiful, and prices—whether by algorithmic magic, or because supply actually balanced out demand—were level with the day before.By midafternoon Wednesday, three Democratic presidential hopefuls had issued statements supporting the action, with Senator Bernie Sanders, a frontrunner, creating a slick video for social media.Indeed, earned visibility seemed a major theme, as what looked to be a fraction of the millions of drivers who work on the tech companies’ platforms turned off their apps for periods of two to 24 hours on Wednesday.Cameras swarmed small-ish demonstrations in Melbourne, Australia; Birmingham, London, Glasgow, and Nottingham in the UK; and Atlanta, Chicago, Los Angeles, New York, Washington, DC, and in front of Uber’s headquarters in San Francisco in the US.
Yes, taxi app biz has managed the impossible – angering the good folks of CanadaUber's legal campaign to maintain the classification of its drivers as contractors rather than employees suffered a setback in Canada on Wednesday when the Ontario Court of Appeals ruled that the company's arbitration requirement is illegal and unconscionable.Three judges issued a ruling in an appeal brought by plaintiff David Heller, an Uber driver who sued the ride-sharing biz in 2017 for failing to pay minimum wage, overtime, and vacation time – benefits generally available to employees but not contractors.In March last year, an Ontario Superior Court stayed Heller's $400 million proposed class action lawsuit against Uber in favor of arbitration, the method of dispute resolution Uber requires in its contract with drivers.Companies generally prefer arbitration because it costs less than a court trial.The Ontario Court of Appeals has undone the Ontario Superior Court's decision, and invalidated Uber's arbitration clause because it imposes an unfair burden on drivers: it requires them to pursue mediation in the Netherlands, at a cost of at least US$14,500, which doesn't include travel, accommodations, or counsel.
Figure 1: A family of four in the Silicon Valley area of California would require a minimum of approximately $130K annually just to meet basic needs.The Staggering Realities — Why Term Life is ImportantTerm life insurance helps to protect your growing family when it would be very difficult for all of the expenses to be covered by your spouse without causing major upheaval.According to the Economic Policy Institute, as of March 2018, a two-parent, two-child family in the San Jose/Sunnyvale/Santa Clara metro area costs $10,758 per month ($129,092 per year) to secure a modest yet adequate standard of living.This does not include higher education, family vacations and much in the way of entertainment.Term life insurance helps provide a safety net that can be used for many reasons beyond your children’s education.