Lawsuits Show ‘Wage Theft’ Occurring Throughout Country

By: Tuesday September 2, 2014 7:04 am

#US: Fast food workers across the country plan to strike Thursday #FightFor15 #StrikeFastFood — ѕyndιcalιѕт (@syndicalisms) September 2, 2014 Given that yesterday was labor day this seems like a good time to look at the state of the American worker. Though most workers are already doing worse after the recession and so-called “recovery” [...]

Wal-Mart’s Loss In Fight For Lower Wages In DC Concerns Congress

By: Tuesday July 16, 2013 9:56 am

Wal-Mart, which repeatedly ranks amongst the richest companies in the world, has a pretty clear business model. The model is structured on getting slave-labor based suppliers to underbid each other, fleecing Wal-Mart’s low level workers, and destroying competitors – usually local businesses – through monopoly pricing power. Needless to say it is not surprising that [...]

My Walmart Black Friday Experience, and the Productivity/Wage Gap

By: Monday November 26, 2012 6:16 am

Walmart workers staged their historic strike on Black Friday. Management tried to downplay it, and given how massive Walmart is, the relative strength of the strike was small in real terms compared to the company’s 1.4 million workers. But it would be silly to just leave it at that without the context of the company [...]

Retail Wage Increases Would Benefit Entire Economy and Additional Retail Sales, With Negligible Price Increase

By: Monday November 19, 2012 10:00 am

Walmart executives worried about the recent spate of labor activity against the retailer would probably tell you that they cannot possibly offer higher wages to their employees while maintaining their brand identifier of low prices. They offer what the market will bear in terms of wages, they would say, and anything more would represent a [...]

Short-Term Economic Performance Does Not Equal Fixing Long-Term Structural Economic Problems

By: Wednesday October 24, 2012 1:26 pm

The Federal Reserve stood pat today, determining that they would continue with QE3 despite the relative improvement in economic performance. This clears one hurdle lingering in the minds of some observers: would the Fed have the resolve to stay the course, even if the economy strengthened, which would probably lead to an uptick in inflation? [...]

Walmart Sued Over Wage and Hour Violations

By: Tuesday October 23, 2012 10:00 am

Temporary workers at Walmart filed a class action lawsuit against the company and two staffing agencies yesterday, arguing that the retailer forced the temps to work longer hours without a lunch break. The suit alleges violations of federal minimum wage and overtime laws. The lawsuit is a class action, but because it’s tied specifically to [...]

Federal Employees Paid Well Below Private Sector Counterparts

By: Monday October 22, 2012 10:00 am

If you compare organized federal employees, many of whom have college degrees, to unorganized service-sector and retail workers, then yes, you will find higher wages in the public sector. But if you do an apples-to-apples comparison between public employees and their private-sector counterparts in related fields, you will find that the public sector is significantly undervalued.

Walmart Strikes Extend to 12 Cities, Black Friday Actions Planned

By: Wednesday October 10, 2012 12:18 pm

The wildcat strikes by non-union Walmart associates are approaching a critical mass. The first-ever strikes have now spread to 12 cities across the country – including Chicago, Dallas, Miami, Orlando, Seattle, and various locations in California – with workers joined by labor and community activists. Protests have been held in front of 200 Walmart stores [...]

Greece Proposes Another Austerity Budget, Its Lenders Decide It’s Not Cruel Enough

By: Tuesday October 2, 2012 8:46 am

The Greek government submitted a draft budget for next year that would only further increase the pain and suffering directed at the population, despite depression conditions. But the European leaders determining whether the fresh austerity plan is good enough to meet their conditions want even more pain, in the form of deeper wage cuts. First, [...]

Payroll Tax Cut Will Expire Because of Its Relationship to the Social Security Trust Fund

By: Monday October 1, 2012 7:52 am

It’s been pretty clear for a while that the payroll tax cut would not be making a return appearance in 2013. Nancy Pelosi basically confirmed this last week, but you could actually see this coming as far back as June. So Annie Lowrey’s eulogy for the payroll tax cut really plays catch-up more than anything. [...]

Key Economic Indicators Fail to Meet Expectations

By: Friday September 28, 2012 7:47 am

A series of economic data released today has pretty bad news for those hoping for a sustained recovery that will increase job and GDP growth. First of all, personal income nearly flatlined, rising just 0.1% in August, a number that, if annualized, would be below inflation. So real income is decreasing. Personal income came in [...]

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