Think Progress has posted this stomach-turning chart: The red line indicated corporate profits and the blue is the average wage of Americans. As you can see the profits have been sky rocketing to record levels, while wages continue to plummet. CNN Money puts it into words here: In the third quarter, corporate earnings were $1.75 […]
While Americans keep seeing their wages go down, the big business CEO’s are getting even fatter wallets: Chief executive pay has roared back after two years of stagnation and decline. America’s top bosses enjoyed pay hikes of between 27 and 40% last year, according to the largest survey of US CEO pay. The dramatic bounceback […]
SB5, Ohio’s bill stripping public employee union’s of collective bargaining rights, will have it’s fate decided this November by Ohio voters: Ohio voters will have the chance this November to decide whether the state’s contentious new collective bargaining law should be repealed. The state’s elections chief said Thursday that opponents had gathered enough valid signatures […]
Bob Cesca has posted the following chart, showing how the share of income labor sees is at a historic low: What’s interesting is how much the share dipped during the Bush years. During Clinton’s term, the rate was on the rise, after a substantial fall during the Reagan and Bush 41 years. So what does […]
It certainly isn’t if you have CEO behind your name and you work for a big corporation: Compensation received by chief executives of the biggest US companies surged 11 percent over the past 12 months — to $9.3 million on average, The Wall Street Journal reported. Citing a study conducted for the newspaper by management […]
One of the big economic headlines today is this: McDonald’s aims to fill 50,000 jobs in a day That’s right – with billions and billions served, the fast food king needs more people to slop out the burgers. In all honesty, this is a really depressing headline. I’m sure a large number of those applicants […]
Yesterday the Democrats released the outline for immigration reform, but there is something missing. The issue, which goes to the heart of the matter, is the hiring of illegal immigrants. Under current laws the fines for businesses that hire illegals is laughable. It’s such a small amount that the fines actually becoming nothing more than […]
This is a real sign of the times: A small but growing number of cash-strapped communities are printing their own money. Borrowing from a Depression-era idea, they are aiming to help consumers make ends meet and support struggling local businesses. The systems generally work like this: Businesses and individuals form a network to print currency. […]
Ok I am impressed: Melody Barnes, Domestic Policy Council served as chief counsel to Senator Ted Kennedy on the Judiciary Committee from 1985 to 1993. Want to get an idea of how progressive she is? Read this: In January of 2007, prior to President Bush’s state of the union address, Barnes wrote this essay for […]
This could prove to be a problem for Hillary: Democrat Hillary Rodham Clinton said Sunday she might be willing to garnish the wages of workers who refuse to buy health insurance to achieve coverage for all Americans. The New York senator has criticized presidential rival Barack Obama for pushing a health plan that would not […]