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Workonomics: Congressman Finds Living on Food Stamps No SNAP

The average food stamp recipient receives about $31 a week ($4.42 a day) for groceries and that’s apparently too much for House Republicans—who by the way earn about $3,350 a week plus perks and seem to work about three days a week for maybe 40 weeks of the year. But I digress.

In this latest Workonomics installment for Upworthy Rep. Peter DeFazio (E-Ore.), sees just how far that $30 stretches and then live on it for a week.

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Student Loan Hike Means Even More ‘On the Backs’ of Students and Families

Student Loan Hike Means Even More ‘On the Backs’ of Students and Families

College students and their families are facing even greater obstacles in paying for an already almost out-of-reach college education after a minority of Senate Republicans this week blocked a bill that would have kept federal student loan interests rates from doubling.

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Walmart Employee Says: 'Walmart is Where the Poor Go to Work Until they Die'

The popular blog Gawker has been running an occasional series about Walmart built from the employees’ personal experiences and stories. The tales of Walmart's reported disrespect towards workers are so powerful that Walmart posted a message on its internal employee website urging employees to share positive stories, Gawker's Hamilton Nolan reported yesterday.

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Growing Threat of Currency ‘War’ Could Derail Global Economic Recovery

Growing Threat of Currency ‘War’ Could Derail Global Economic Recovery

China has long been known as the globe’s biggest currency manipulator. China undervalues its currency—the yuan or the renminbi— and that raises the price of U.S. exports and suppresses the price of Chinese imports into the United States. This artificial price advantage is a major factor that encourages U.S. businesses to shut down operations here and manufacture in China instead, costing the U.S. millions of manufacturing jobs and is a major reason for the massive U.S. trade deficit.

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Paid Sick Days Do Work For Small Businesses

Paid Sick Days Do Work For Small Businesses

The New York Times recently reported on how small business owners in certain cities are dealing with paid sick days laws. The takeaway? These new requirements have caused very little pain. The article highlights Bill Stone, the owner of Café Atlas in San Francisco's Mission District, who was initially leery of paid sick days for his employees back in 2007 when San Francisco became the first city in the nation to implement a paid sick leave law. In 2007 Bill felt that the new paid sick law would only make it more expensive to run his business.

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SEC Opens the Door to Hedge Fund Advertising, Repeals Investor Protections Dating Back to the Great Depression

Despite the objections of investor advocates, the Securities and Exchange Commission (SEC) finalized a rule that will lift a decades-old ban on advertising by hedge funds. The original prohibition on such advertising dated back to Great Depression and protected people from investment scams.

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Farm Worker Union Leader Visits Mexico’s Most Well-Known Political Prisoner

In a move that went almost unnoticed by American media last week, the president of the Ohio-based Farm Labor Organizing Committee, Baldemar Velásquez, stepped foot in a prison for the second time in four days, this time in southeastern Mexico on July 4. He had been arrested for civil disobedience at a Moral Monday protest in Raleigh, N.C. on July 1.  

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Low-Wage Workers See Biggest Drop in Real Wages

UNITE HERE photo

Many of us and our families have felt the pinch of stagnant wages during the past several years, and a new study shows that while real wages (adjusted for inflation) fell by 2.8% across the board between 2009 and 2012, low- and middle-wage workers—especially women—took the brunt of the hit.  

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