Job Market Monitor
Democrats
US / The low-wage model: a single 300-person Wal-Mart Supercenter store could cost could cost taxpayers up to $1,744,590 per year to taxpayers
« Rising income inequality and wage stagnation threaten the future of America’s middle class » writes the Democratic staff of the U.S. House Committee on Education and the Workfororce in The Low-Wage Drag on Our Economy: Wal-Marts low wages and their effect on taxpayers and economic growth (Adapted chosen excerpts by Job Market Monitor to follow), adding that while … Continue reading
US / House Republicans Vote Down on Minimum Wage
House Republicans on Friday unanimously voted down a bill that would have raised the minimum wage. Six Democrats joined them in defeating the effort. The vote came after a surprise move by Democrats, who tacked onto a jobs training program bill an amendment that would have brought the national $7.25 minimum wage to $10.10 by … Continue reading
N.J. / Democrats raise minimum wage to $8.50
So much for the bipartisan lovefest brought on by Hurricane Sandy. Democrat and Republican senators clashed Monday over a proposal to raise the state’s minimum wage to $8.50 from $7.25 and provide for annual cost of living increases. The Senate Budget committee advanced the bill by a 7-6 vote, and the Senate is expected to … Continue reading
Unemployment Insurrance | At least 12 states will lose eligibility for extension
Until recently, if you lost your job you could claim unemployment insurance for up to 99 weeks according to the state government. Lately, however, unemployment insurance has undergone some drastic changes for the worse as more Americans struggle to find jobs. Many states will lose 20 weeks’ worth of benefits and claimants will be faced … Continue reading
U.S. | Inequality seen as a Major Problem in survey
A new Harris Poll examines the issue of inequality and whether or not it has potential traction in the presidential and congressional elections this fall. The results show that it could well be an important issue because a majority of Americans believe that inequality is a “major problem” and that it is important “that the … Continue reading
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