The increased economic anxiety among black and Hispanic workers is not surprising when considering the fact that working-class workers of color tend to be paid less on the job and, therefore, hold less wealth.
Employees would likely contribute less to IRA accounts
If the proposal passes, there is a strong indication that U.S. workers will either shift their savings to Roth Individual Retirement Account (IRA) accounts, where contributions are taxed immediately or employees and employers will contribute less for retirement.
Another solution — though one that is often a struggle to achieve — is to unionize, which has worked before in industries like teaching, policing, and manufacturing. “If retail workers were able to organize strong unions across the country, there’s no reason retail jobs couldn’t be good jobs like manufacturing jobs,” Amy Traub, Associate Director for Policy and Research at public policy organizationDemos, tells Bustle.
From the day he launched his campaign with dire warnings about border-crossing “bad hombres,” Donald Trump has preyed on some Americans’ worst biases around immigration. Trump has since exhorted Congress to allocate tens of billions of dollars for a border wall, stepped up arrests of immigrants, separated Latino children from their parents, and pushed to expedite deportations. [...]
In a recent study, I compared the damage from shoplifting with that from just one form of wage theft, the failure to pay workers the legal hourly minimum.
The California legislature is pushing its own ambitious legislation, and is one of several Western states teaming up with Canadian provinces to collaborate on climate solutions. Many now see New York, and the CCPA in particular, as presenting the next opportunity for promising state-level action.
Today, with health coverage for maternity care threatened, child care costs outstripping the price of college tuition, and nearly a quarter of new mothers forced to return to work two weeks or less after giving birth, we are making it extraordinarily difficult for anyone but the ve
It's one of the biggest financial decisions you'll ever make: choosing what to do with your 401(k) at retirement. That account may be the largest asset you will rely on for income in later life. You could leave it where it is or roll the money to investments inside an IRA. The right decision could give you hundreds of thousands of added dollars over a 30-year retirement. [...]
The throngs of protesters who attended the Women’s March on Washington, and who continue to demonstrate at airports, town halls, and on city streets around the country, have made clear that opposition to Donald Trump’s radical Republican agenda will be sustained and powerful. But to earn the trust of the majority of Americans who reject Trumpism, Democrats will have to go beyond simple resistance. They’ll have to show that if voters restore them to power, they’ll actually improve the lives of working families. [...]
Women workers can keep the pressure on city- and state-level legislators ahead of the 2018 midterm elections.
"Find out what your city council is doing in terms of a fair working wage, paid leave, and paid sick days. Get those on the agenda. That is a lever that is much easier to influence."
The greatest challenge facing President-elect Trump is following through with his campaign promises to raise the living standard for working-class Americans and bring back manufacturing jobs.
Happiness is a lot easier for those paid a fair wage, which apparently is not what many federal contractor employees get.
In a complaint filed Monday with the Labor Department’s Wage and Hour Division, the Communications Workers of America (CWA) said the Lionel Henderson Corp. “has misclassified and underpays workers” who are customer service representatives for the National Flood Insurance Program.
[...]As the next CEO of America, Mr. Trump can turn his promise into policy. In his first 100 days in the Oval Office, Mr. Trump should sign an executive order to make sure that the $1.3 trillion in taxpayer-dollars our Government spends annually rewards corporations that create "more jobs and better wages" for Americans.
The D.C. Council is considering a bill that would bar businesses from performing credit checks on job applicants. Supporters of the legislation say credit histories can be inaccurate and indicate little about workers’ character.[...]
“Our research shows poor credit more often tells a story of personal misfortune far more convincingly than one of poor work habits,” says Amy Traub, a senior policy analyst at Demos.[...]
According to the Demos report, credit checks were never intended to be used for hiring.
When environmentalists speak of climate change, they often talk of “future generations.” But generations already here are poised to suffer long-term consequences. Climate change will affect millennials drastically—including in their wallets.
When the Labor Department ruled last week that 674 workers in the cafeteria of the United States Senate had been denied their full pay in recent years, the contractor that runs the cafeteria said it was an accident. The workers said it was deliberate.
More bosses are weighing the credit worthiness of job candidates before making a hire — a practice that some lawmakers say unfairly keeps people with bad credit from landing a job.
On Thursday, the Senate takes up a proposal to restrict employers in most cases from using financial information such as credit scores to decide whom to hire, promote or fire. [...]