The banks have systematically figured out how to rip off the government,” Lerner says. Part of that ripoff was the LIBOR scandal, which had a “massive consequence on everything,” according to Wallace Turbeville, a former Goldman Sachs employee and current senior fellow at nonpartisan think tank

The vacuous, cheerful expression of the Walmart smiley face has long been associated with the paradoxically dark reality of low-wage work. With the recent fast-food worker walkouts in New York, the golden arches may go down, too, in the annals of class-war symbology.

The average unemployment rate in the first quarter of this year was 7.7 percent. But for African-American workers that rate was 13.6 percent. For Latinos, it was 9.5 percent. And among those who do have jobs, wages are not rising.

Washington – On Wednesday, May 8 at 9 a.m. EST, low-wage workers from around the country employed in a variety of firms operating under federal contracts, loans, and leases will join Members of Congress, community leaders, and local elected officials to announce the launch of Good Jobs Nation—a new

Federal taxpayers employ more low-wage workers than Wal-Mart and McDonald’s combined, a new study calculates.

NEW YORK, NY – With much attention on labor strikes spreading across the country to protest low pay and poor working conditions in the retail and fast food industries, national public policy center Demos releases a new report today documenting a surprising part of the economy where low wages are

The class of ’13 has no luck at all. As the graduates take to the streets with their six-month grace periods before their student loan debt bills begin arriving, they face a horrific job market. “At 16.2 percent, the March 2013 unemployment rate of workers under age 25 was [roughly] twice as high as

Collusion — and conflicts of interest — between politicians and billionaires now operate across borders. When he was president, Nicolas Sarkozy reserved special favours for the Qataris (including a tax exemption on their highest-value property purchases). Qatar is now prepared to back him in

A recent AARP Public Policy Institute report found that average credit card balances for households over age 75 jumped 31 percent during the recession. A separate AARP report found that boomers - households over age 50 - now have higher overall credit card debt than younger people - a reversal of

Bet if I asked, the odds are good that many people could tell me to the penny what they just paid for a gallon of gas. So how much did it cost you to invest in your 401(k) last year? I don't know myself. And you likely don't know either. Over the years, most of us have heard that if we just start