Best of times for very rich; worst for the working class! http://www.youtube.com/watch?v=T-3s49dfFzQ France's President Francois Hollande has learned many lessons on how to offer false promises from America's President Barack Obama, who campaigned in 2008 with the following plans: convince the working class you stand for better wages and stronger unions say you will reduce … Continue reading There’s little love in Paris this Springtime, as French President uses executive power to crush labor rights
British Labor Party leader Jeremy Corbin is starting a campaign against inequality that should be emulated by all (five, ten?) American politicians not controlled by big business. “One proposal is pay ratios between top and bottom, so that the rewards don’t just accrue to those at the top,” he said. “Of the G7 nations only … Continue reading British want to fight inequality – it’s worse here!
The Heritage Foundation is the think tank for so-called conservative Republicans, who offer flat tax plans, skeleton government goals and the destruction of Social Security as we know it today. The current Social Security program is regressive, and pays a lower percentage in retirement pension, the more you contribute. A retiree, who has paid in … Continue reading Does Heritage Foundation want Communist plan for Social Security? GOP candidates should denounce!
It's so very wonderful to learn this week that "median household income" in 2014 was $53,657, even if it was down from $57,843 in 1999. You can still buy a nice basket of goodies on $50 grand a year. If only it were true. Most jobs pay about $31k. Many families have just one parent … Continue reading Rich look poorer, poor much richer – report distorted to make average Joe happy – despite Depression
This is my proposed amendment to The Fair Labor Standards Act of 1938 (FLSA; also referred to as the Wages and Hours Bill), a federal statute of the United States: In addition to the payment of overtime wages at 1.5 times the normal rate for workers, who exceed eight hours per day or 40 hours … Continue reading “Undertime” will solve many of our economic woes
The threshold to qualify for overtime pay, now $23,660, is expected to rise to $50,440 a year if new regulations are adopted by the Barack Obama administration. Until now, companies were allowed to call you a manager, pay you $26,000 and require you to work, say, 58 hours a week - no extra pay for … Continue reading Worker earns $12,320 more than “boss”, despite same hours. Let’s end employers’ abuse of “management” exemption.
Emmanuel Saez has updated his famous work: "Striking it Richer: The Evolution of Top Incomes in the United States", Pathways Magazine, Stanford Center for the Study of Poverty and Inequality, Winter 2008, 6-7 Saez is a professor at the University of California, Department of Economics, 549 Evans Hall #3880, Berkeley, CA 94720. Much of his … Continue reading Rich get richer and richer and richer in the worst inequality crisis since 1930s
Watching Henry Paulson explain the trillions of dollars spent on the banks today, it didn't make me yearn for the good old days when capitalism was even more unfettered than presently. He, and his friends Tim Geitner and Larry Summers, epitomize what happens when bankers and their lackeys run America. Conservative politicians and commentators (have … Continue reading Law passed to exempt workers under ten