The NAACP and Demos, a public policy organization, have partnered to produce a new paper, “The Retail Race Divide: How the Retail Industry is Perpetuating Racial Inequality in the 21st Century” that finds a disproportionate number of Black and Latino workers in the retail industry live below the poverty line.
“Like the overall retail workforce, the vast majority of Black retail workers are adults,” says the report in its Key Findi
The overall unemployment rate is 5.5%, and the rate for African Americans and Latinos is still higher than the rate for whites, coming in at 10.2% and 6.7% respectively. The unemployment rate for whites is currently 4.7%.
One effect of the ruling is that it’ll now be easier to sue an employer over an expensive 401(k) plan, turning up the legal pressure a notch.
Those expenses matter. A 2012 study by Demos, a New York City-based think tank, found that over a lifetime, 401(k) fees cost a two-earner family with a median income nearly $155,000 — and consume nearly one-third of their investment returns.
The lack of retirement security for middle-class and low-wage workers is a growing crisis that Washington has refused to address, even though it demands immediate attention.
Federal contracting with private vendors supports about two million low-wage private sector jobs, according to Demos, a national research institute, in their study, "Underwriting Bad Jobs." That is "more than the number of low wage workers at Walmart and McDonald's combined."
Last week, New York City Comptroller Scott Stringer unveiled a new plan to regulate financial advisers, the first of its kind, that tries to protect the average investor from advisers who don’t have to put their clients’ best interests first.
“Put some mustard on it.” That’s the advice that Chicago McDonald’s worker Brittney Berry allegedly received from her manager after suffering a scalding burn on her arm from the grill used to make eggs. And this was no minor burn – she was eventually taken to the hospital in an ambulance, and had to miss work for six months.
For about a month now, New England has been pummeled with massive winter storms, leaving large swaths of the region with feet of snow and frequently making travel impossible.
Remember when Walmart got panned for running a Thanksgiving food drive for its own employees—overlooking the irony of demonstrating noblesse oblige by asking customers to subsidize the workers the company itself impoverished? The retail giant took a more strategic approach last week when rolling out its latest do-gooder scheme: raising its base wage incrementally to $10 an hour.
The fastest-growing occupation in the U.S. is also among the lowest paid.
The aging of America's baby boomers has led to a surge in demand for home care workers to look after the nation's elderly, as well as the disabled and chronically ill. The work is as essential as it is poorly paid. Home health aides do everything from checking a client's vital signs and administering medications to looking after people's dietary needs and even operating life-sustaining equipment, such as ventilators.
Phil Ashburn started working at Western Electric in 1972 and stayed there for 30 years, even after the company split up. Eventually he ended up at a phone company called Pacific Bell. “It was a great company to work for. The company took care of you and you took care of the company,” he said.
Walmart just gave half a million people a raise. Could you be next?
The retail giant announced on Thursday that it would increase the minimum pay for its workers to $10 an hour, affecting roughly a third of its 1.4 million employees. [...]
For companies hiring staff, pitches from online security firms sound appealing enough: Running a credit check before signing up a new employee will “offer insight into an applicant’s reliability and a sense of their personal responsibility,” insists employeescreen.com.
Another security firm swears employers using credit checks will “find out what you need to know.”
Two of the most commonly cited reasons for the lack of more liberal policymaking in the United States are the decline in unions and the rising class bias in voter turnout. In the 2014 midterm congressional elections, the Democrats’ rout was largely attributed to a failure of their coalition to turn out at the polls. What is rarely examined, however, is the relationship between a decline in voter turnout and the dwindling number of union members.
Boosting the federal minimum wage would be great news for the workers who’d receive a higher paycheck. Not so much for those who’d be out of a job. That anxiety sums up much of the debate around increasing the minimum wage.