At base, a “fair” wage is one that will attract people to do what you need them to do. It isn’t $20, $30, $40, or $1, $3, or $10 an hour. It is the wage at which people think they are better off taking than not. There is no non-artificial minimum wage, and no absolute...
Los Angeles is hosting the 2028 Summer Olympics. The games were awarded to the city back in 2017 and since then it is preparing for the arrival of tens of thousands of visitors. They city was already struggling a bit because of the deadly wildfires which destroyed significant portions of two neighborhoods in January. No...
The ability to afford basic needs and wants in line with living a “dignified life” in the U.S. is increasingly out of reach, new research finds, naming wage stagnation and soaring prices as factors driving unaffordability. According to an analysis released by the Ludwig Institute for Shared Economic Prosperity (LISEP) last week, a “minimal quality...
On March 14, President Donald Trump quietly rescinded a Biden-era executive order that raised the minimum wage for private sector employees on federal contracts. The move is just one part of a wider war the administration has launched against the working class since assuming power. Executive Order 14026 was issued by former President Joe Biden...
Everything is easy, as long as you don’t have to consider reality. A while back, I wrote about Biden’s Chairman of the Council of Economic Advisors, Jared Bernstein, who literally couldn’t explain what money is, where it comes from, or why the federal government didn’t just print as much as it wants and not borrow...
Mexican General Motors workers in the Silao, Guanajuato, factory complex clinched record raises after staring down company scaremongering about tariff threats. “They said, well, we’re offering 6 percent,” said Norma Leticia Cabrera Vasquez about management’s offer at bargaining. “We knew they were going to show up with that, but we said, ‘We still have weeks...
With whirlwind tariffs and a looming trade war with China threatening to raise prices, government services halted by sweeping staffing cuts and Republicans in Congress moving to slash the social safety net to pay for tax cuts that would primarily benefit the wealthy, experts say the GOP agenda coalescing under President Donald Trump poses a...
Any employer not paying the correct amount can be fined by HMRC. In June 2023, the previous Conservative government said that more than 200 firms had been fined a total of nearly £7m. They were told to reimburse 63,000 workers for failures over several years. The companies included Marks and Spencer, Argos and Lloyds Pharmacy....
