By Mike Hall
It’s good to be a CEO, at least paywise. According to the 2014 AFL-CIO Executive PayWatch, released today, it’s 331 times better to be a CEO than an average worker. PayWatch finds that the average CEO of an S&P 500 company pocketed $11.7 million in 2013, while the average worker earned $35,293. The gap between CEOs and minimum wage workers is more than twice as wide—774 times.
AFL-CIO President Richard Trumka said that PayWatch:
By Peter Mathews
An American child’s chance of acquiring a quality education depends more on the parents’ income than on almost anything else, including ethnicity.
Because property taxes are a key source for K-12 funding, affluent districts have more to spend on education. Low-income districts don’t have the resources and facilities necessary to help most of their students achieve their potential. Governor Jerry Brown’s Local Control Funding Formula is a small step in the right direction. But even with it, the affluent Shoreline Unified School District in Marin County will spend around $18,000 per pupil, while less affluent Long Beach Unified will spend around $9,000. Lynwood Unified School District will spend even less. Money isn’t everything, but an adequate amount is necessary.
By Tina Dupuy
Brace yourself America—Republicans have discovered poverty!
Right here, right under their noses, 48 million Americans are, as Senator Marco Rubio puts it, “soon-to-haves.” Because nothing says you understand institutional and generational poverty like using corporate-ese to describe it.
Now that Republicans have acknowledged one-fifth of the wealthiest country in the world is impoverished, they’re debating whether this is a viable issue for them.
By Richard Eskow
What’s the economic issue we should focus on – jobs, or inequality? An increasing number of people, including the President and New York’s new mayor, have suggested that inequality of wealth and opportunity is the defining issue of our time.
But some of the folks at the Washington Post’s “WonkBlog” are having none of it. First editor Ezra Klein declared that unemployment, not inequality, should be the left’s defining issue. That drew responses from the likes of Paul Krugman and Jared Bernstein (and yours truly, here).
By Dave Johnson
Today, President Obama will give a speech on his plan to grow the economy and the middle class. On Thursday, fast-food workers will strike in 100 cities and stage protests in 100 others to demand $15 an hour and the right to form a union without interference from employers. Here’s something to consider: raising the minimum wage cuts government spending on Food Stamps and other programs.
The Minimum Wage
By Warren Reed
One thing has become disturbingly clear during the country’s anemic economic recovery. Middle-income jobs are disappearing, and they’re not coming back.
The corresponding decline of America’s middle class is something that should concern the entire nation, but as a military veteran, this development directly impinges on essential American freedoms, freedoms that I helped to safeguard during my eight years with the U.S. Marine Corps, 2nd Battalion.
Most of the growth in the recent economic recovery has been due to the growth in low-wage jobs.
But how free are you when you’re paid poverty wages? Not very free at all.
By Robert Reich
So how to explain this paradox?
As of November 1 more than 47 million Americans have lost some or all of their food stamp benefits. House Republicans are pushing for further cuts. If the sequester isn’t stopped everything else poor and working-class Americans depend on will be further squeezed.
We’re not talking about a small sliver of America here. Half of all children get food stamps at some point during their childhood. Half of all adults get them sometime between ages 18 and 65. Many employers – including the nation’s largest, Walmart – now pay so little that food stamps are necessary in order to keep food on the family table and other forms of assistance are required to keep a roof overhead.
By Derek Pugh
A new report from researchers at the University of California at Berkeley estimates that low-wage jobs in the fast-food sector are costing American taxpayers nearly $7 billion every year.
The report—Fast Food, Poverty Wages: The Public Cost of Low-Wage Jobs in the Fast Food Industry—highlights the negative effects low-wage jobs have on the American economy and public. Workers in the fast-food industry are subjected to low pay with no benefits, forcing them to rely on public assistance programs to survive. The median worker is paid a mere $8.69 an hour, with many making at or near the minimum wage, and 87 percent do not receive health insurance through their employer.
By Terrance Heath
Fast food workers in 60 cities walked off the job on Friday, in the biggest strike ever to hit the $200 billion dollar fast food industry. The strike affected over 1,000 restaurants, and in some cities fast food workers were joined by retail workers from stores like Macy’s, Sears, Walgreen’s, and Victoria’s Secret.
By Mike Hall
The growing movement for a living wage and justice for fast-food and other low-wage workers will reach another milestone next week with a nationwide strike set for Aug. 29.
Following the success and public support of a walkout in eight cities earlier this month, those workers and the community, faith and labor groups that back them are calling on fast-food and low-wage retail workers across the nation to join them in the fight for $15 an hour and the right to form a union without retaliation.