[unable to retrieve full-text content]Nearly half of U.S workers will live in states with at least a $15 minimum wage by 2027, Economic Policy Institute In the 2024 election, Alaska and Missouri voters approved ballot measures to increase their state minimum wage to $15 an hour in the coming years. Now 15 states and Washington D.C. either have or […] The post Half of U.S workers Will Live in States with at Least a $15 Minimum Wage by 2027 appeared first on Angry Bear.
Read More »Strikes start at top hotel chains as housekeepers seek higher wages and daily room cleaning work
CNBC The plight of hotel workers in cleaning up after residents who stay for a few days and leave the room in a wreck. The pay id the minimum that can be made. The hazards are such a worker can become readily sick. from exposure. I am sure the pandemic caused issues. Plus, people do not tip the housekeeping staff. A couple of $dollars left on a night stand goes a long way. Another story on the plight of housekeepers which are mostly women....
Read More »What to watch on jobs day – revenge of the managers
AB: I tend to believe the Pandemic caused more economic upheaval than Wall Street blowing up the economy and Main Street paying for WS’s pennies on the dollar gambling with CDS, naked CDS, etc. in the derivatives market. More was made available in 2020 onward by the government to lessen the impact of the Pandemic. This softened the blow pf the Pandemic and the economic shutdown. With the FED holding the reins on the FED Rate, timing is important...
Read More »Real average wages and aggregate payrolls signal continued growth
– by New Deal democrat Keep in mind NDd only talks about Real Average Wages in which he does not include supervisor wages or increases. In this regard, readers get a much better perspective of Labor wages and earnings. Since NDd was traveling, we have an additional post this week. The Bonddad Blog On Wednesday I was traveling so I didn’t get around to writing about the important CPI release. Let me start my delayed response by updating real...
Read More »Jimmy Hoffa’s dream versus Jimmy Hoffa’s worst nightmare
As a former union member, Reader Denis Drew writes about Labor and Unions. You can read him at Angry Bear from time to time or at his Blog site: “On Today’s Page,” on todays page, Denis Drew. Jimmy Hoffa’s dream – Jimmy Hoffa’s worst nightmare First: Jimmy Hoffa’s medical labor market wet dream: a) cannot stop technical employees from organizing, b) demand is everywhere and ever growing c) bills paid automatically by insurance or...
Read More »Unions couple labor directly to consumers in the free market
Opinion piece by Commenter Dennis Drew. Unions and Labor have been Dennis’s bailiwick for as long as I have been with Angry Bear. A nice piece on labor, economics, politics, and power. ~~~~~~~~ Labor unions effectively couple employees directly to paying customers – bargaining for the maximum amount they see consumers are willing to part with. In the same light, non-union businesses sell the labor component of their products at the cheapest...
Read More »Do away with the biggest threat to democracy — with one easy federal labor law stroke.
Unionize America sea to shining sea — do away with the biggest threat to democracy — with one easy federal labor law stroke. On Today’s Page (ontodayspage.blogspot.com), Denis Drew. Denis Drew has a commentary unions and federal Labor Law. Conjuring up a potential labor market where all businesses are family owned and family operated. Where no outside labor is hired and prices of goods and services are set at the highest amount families...
Read More »Falling Auto Worker Wages and Increasing CEO Pay . . .
UAW-automakers negotiations pit falling wages against skyrocketing CEO pay: U.S. auto companies have the means to invest in EVs, pay workers a fair share, and still earn healthy profits | Economic Policy Institute, epi.org, Adam S. Hersh. Yet they are not paying Labor it’s overdue fair share of wages. United Auto Workers (UAW) members at the “Big 3” companies of Ford, General Motors (GM), and Stellantis are waiting to strike this week....
Read More »Workers are 46% more likely to make below $15 an hour in states paying only the federal minimum wage,
I guess one could get by on this salary if one were frugal, could find low-cost housing, maybe used public transportation, ate cheaply, etc. There is not much room for anything else. And yet people still manage to do it. As EPI details, Nineteen percent of workers (9.76 million workers) in 20 states are paid less than $15 per hour, compared with 13% of workers in the 30 states. “Workers are 46% more likely to make below $15 an hour in states...
Read More »The Fed’s Target Is Workers or Labor . . .
The Fed’s Target Is Workers, Project Syndicate, James K. Galbraith, January 2022 A year and a half later and the Fed is still trying to slay the dragon. They stab it with their steely knives, But they just can’t kill the beast. So it seems, the Feds losing battle is with Labor, direct Labor is the smallest portion of manufacturing. Without labor there is no product, just bets on the outcome of the economy. ~~~~~~~~ By announcing forthcoming...
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