Roughly half of all U.S. families have no money set aside for retirement, Federal Reserve data show. Not a cent. But even that alarming savings deficit doesn't fully capture the emerging socioeconomic crisis facing what is, after all, a rapidly graying nation. [...]

BBC News reports on the President's recently announced executive order, which could make companies pay overtime to America's white collar workers.

Anyone wearing an "assistant manager" name tag knows that the job carries a nice title but doesn't necessarily come with commensurate pay. One of the biggest issues for assistant managers and other white-collar workers is unpaid overtime. That's because those employees are often expected to work 60

"No one who works full-time should have to raise their children in poverty," Senator Barbara Boxer said. She was talking about raising the minimum wage during a speech to the Commonwealth Club of California. In addition to citing the moral reason the federal minimum wage deserves a second look, she

Through the Procurement Act, Congress centralized management of government contracts and gave the president license to use his judgment in setting federal contracting practices.

The odds that Republican House Speaker John Boehner will allow a vote on raising the minimum wage remain as low as ever, but some large retailers are already raising the wage on their own initiative. On Wednesday, clothing chain Gap Inc. announced it would be raising its base wage from $9 to $10 per

Raising the minimum wage to $10.10 an hour would increase the price of a $16 product at Walmart, such as the typical DVD, by just a cent if all of the extra costs were passed on to consumers, according to an analysis by an economist for Bloomberg News. [...]

Walmart currently does not support raising the federal minimum wage. However, considering the company's lackluster performance over the past few months, perhaps it's time to take a stand.

Walmart is denying a Bloomberg report that said the nation's largest private employer is considering supporting an increase in the minimum wage. "We are not at all considering this," Walmart spokesman David Tovar told The Huffington Post Wednesday afternoon, just after Bloomberg published the story

When Woody Harrelson's character got hired as a bartender on Cheers, he was so excited, he insisted on working for no more than the minimum wage. "I'd work like a slave," he said, "and, of course, I'd wash your car." Most bar and restaurant workers would prefer to bring home a little more cash. They