Labor & Economic News Blog

Tuesday, May 27, 2014

Executive pay is an insult to working families

Executive pay is an insult to working families
American chief executives make too darn much money. I'm not saying that you shouldn't reward a person for a job well done. But many CEOs now pull down so much more than their own employees that it's an ugly insult to working families.

 

Friday, May 23, 2014

New Study Reveals PBGC Premium Increases Bring ...

New Study Reveals PBGC Premium Increases Bring ...
 The Pension Coalition unveiled a new study today, Increasing Pension Premiums: The Impact on Jobs and Economic Growth, revealing the ...

 

Thursday, May 22, 2014

Resilience of Black Labor Force Participation

Resilience of Black Labor Force Participation
Unemployed African Americans have been less likely to give up the search for a job than other unemployed workers, which is contributing to the growing black–white unemployment rate gap

 

Hotel Housekeepers’ Pay Have Been Flat


Hotel Housekeepers’ Pay Have Been Flat
Summer often means travel—for those who can afford it. In the 1960s and 1970s, a housekeeper could afford a hotel room with a day’s wages; by 2012 her wages only covered 78 percent of the average cost

 

Wednesday, May 21, 2014

Where Are the Gay Chief Executives?

Where Are the Gay Chief Executives?
In corporate America, L.G.B.T. employees usually remain closeted.

 

GOP’s quiet election scandal: What Tuesday’s results really mean for workers

GOP’s quiet election scandal: What Tuesday’s results really mean for workers
When pundits talk about which faction won last night, they won't tell you who lost: The American worker. Here's why

 

New National Survey Shows 47% of the Unemployed Say They Have Given Up Looking For Work

New National Survey Shows 47% of the Unemployed Say They Have Given Up Looking For Work
Express Employment Professionals, the nation’s largest franchised staffing company, today released the results of a major, in-depth poll, the “The State of the Unemployed,” a survey revealing that 47 percent of the unemployed agree that they have completely given up looking for work. The exhaustive survey was fielded online by Harris Poll on behalf of Express Employment Professionals from April 9 through April 21, 2014 among 1,500 unemployed adult Americans.

 

Uncovered Papers Show Gays Driven From Jobs

Uncovered Papers Show Gays Driven From Jobs
Historical documents offer new details about the sometimes-obsessive effort to identify and fire gays in government jobs.

 

Tuesday, May 20, 2014

Uncertainty About Jobs Has a Ripple Effect

Uncertainty About Jobs Has a Ripple Effect
Even if workers’ positions are not imminently in danger, the perception compromises productivity, creativity and safety, experts say.

 

For Workers, Less Flexible Companies

Jared Dalton, a manager at Ernst & Young, works from home to help care for his infant daughter
For Workers, Less Flexible Companies
Many employers say they offer telecommuting and flexible work hours to employees, but in fact are cutting back on time for child leave or to care for an ill parent.

 

Civil Rights Battlefront Is Now Yearning for Jobs

Civil Rights Battlefront Is Now Yearning for Jobs
People in Selma, Ala., the scene of civil rights clashes, hope Kuwait will halt their city’s economic decline by building a pilot training center at a former Air Force base.

 

Thursday, May 15, 2014

Staying on Parents’ Plan May Lead to Healthier Paychecks

Staying on Parents’ Plan May Lead to Healthier Paychecks
A study suggests that the health-care law gives young adults more flexibility to make decisions that are best for them financially.

 

How Student Debt May Be Stunting the Economy

How Student Debt May Be Stunting the Economy
Evidence is mounting that rising levels of student loan debt are restraining the ability of young adults to buy homes and enter the “grown-up” economy.

 

Fast-food workers kick off global labor action

Fast-food workers kick off global labor action
The world's largest protest of fast-food workers kicked off Thursday with workers demonstrating in 150 cities in the United States and more than 30 other countries. The protesters are demanding better pay in a global rallying cry against rising income inequality ...

 

Fast-food workers' minimum-wage protests go global


  • Fast-food workers' minimum-wage protests go global
    Fast-food workers' minimum-wage protests go global
    Protesters are calling for a $15-an-hour minimum wage and the right to form unions without retaliation from bosses.

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    Wednesday, May 14, 2014

    Does a higher minimum wage make people happier?

    Does a higher minimum wage make people happier?
    Countries with higher minimum wages have higher aggregate levels of happiness in comparative survey research.

     

    Workaholic alert: Why longer hours at the office may make you less effective

    Workaholic alert: Why longer hours at the office may make you less effective Workaholic alert: Why longer hours at the office may make you less effectiveThat’s why the OECD’s annual measure of productivity is so eye-opening, No, it turns out, it doesn’t. Long hours, in some cases, are a drag on hourly productivity, not to mention efficiency and innovation.

     

    Young Adults, Student Debt and Economic Well-Being

    Young Adults, Student Debt and Economic Well-Being <

    Student debt burdens are weighing on the economic fortunes of today’s young adults. Among the college-educated, those with outstanding student debt are lagging far behind those who are debt free in terms of household wealth. Households owing student debt tend to owe other debts as well, contributing to the gap in wealth accumulation.

     

    Landmark tax law Prop. 13 could get first change since 1978

    Landmark tax law Prop. 13 could get first change since 1978
    The staunchest defender of California's property-tax law tacitly approves a bid to close a loophole that allows businesses to avoid tax increases when property changes hands.

     

    Defined Contribution Plans in the Public Sector: An Update

     Defined Contribution Plans in the Public Sector: An Update
    The financial crisis and its aftermath generated two types of responses from sponsors of state and local government pensions. The first was to cut back on existing defined benefit plan commitments by raising employee contributions, reducing benefits for new employees and, in some cases, suspending the cost-of-living adjustments for existing retirees. The second response was to initiate proposals to shift some or all of the pension system from a defined benefit to
    a defined contribution plan. This brief describes this flurry of defined contribution activity,  identifies the factors that led to the changes occurring in the states where they did, and presents data on participation and assets to put the flurry into perspective.

     

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