The “When Women Succeed, America Succeeds” bus tour rolls into Columbus and Cleveland, Ohio, on Tuesday and hits Chicago on Friday. Spearheaded by House Minority Leader Nancy Pelosi (D-Calif.), the tour highlights a much-needed economic agenda for women and working families.
It’s good to be a CEO, at least paywise. According to the 2014 AFL-CIO Executive PayWatch, released today, it’s 331 times better to be a CEO than an average worker. PayWatch finds that the average CEO of an S&P 500 company pocketed $11.7 million in 2013, while the average worker earned $35,293. The gap between CEOs and minimum wage workers is more than twice as wide—774 times.
Not coincidentally, many of the women in this clip work at minimum wage or even far below it, in tipped professions. Guess how quickly their lives would change if we raised the minimum wage to at least $10 an hour? There are a bunch of other ideas on how to fix things as well, all below the clip.
In the United States last year, the pay ratio of CEOs to the average worker was 354:1. That means CEOs in the U.S. on average are paid 354 times more than the average worker. In Australia, that ratio is 93:1.
I’ve worked at Walmart in Baker, La., for eight years, and I’ve been a Walmart shareholder since I started. Times are tough for Walmart customers, but I want you to know that times are tough for many Walmart associates, too. We are stretching our paychecks to pay our bills and support our families. Many of us are not getting as many hours as we used to and that makes it even harder. Now the new associates in my store are not even hired as permanent employees. They are hired as temps with no benefits—not even a discount card.
A rule proposed by the U.S. Securities and Exchange Commission (SEC) would require companies to disclose the ratio of total compensation between CEOs and the pay of the typical worker. The SEC rule is part of the Dodd–Frank Wall Street Reform and Consumer Protection Act of 2010. Major corporations like Walmart really don't like this, which is why we need your help.
How can the labor movement do more to include women’s perspectives and issues in our work? How can we do better on strengthening community partnerships and lifting women’s voices on policy issues? We want your ideas.
The AFL-CIO and MomsRising.org invite you to a tweetchat on Wednesday, July 17, at 2 p.m. EDT to discuss the well-being of and most pressing issues facing women and moms in the workplace. Join us to share your comments, resources or questions by adding the hashtag #WellnessWed to your tweets at that time.
When payday rolls around, more and more workers aren’t getting paper paychecks or direct deposits to their checking accounts, but instead are finding their wages on prepaid cards.
The new trend—especially prevalent in low-wage industries—saves the employer money, and means big (and mostly unregulated) profits for the banks and financial institutions that issue the cards. It also eats big chunks of the workers’ pay though a bevy of fees they must pay to access their accounts.
Women are the only or primary breadwinners in 40% of households with children younger than 18 and 63% of those homes are headed by single mothers, according to a new study by the Pew Research Center. In 1960, women accounted for just 11% of the main or sole earners in homes with children.
By a near party-line vote, the House yesterday approved a bill, pushed by Republican leadership, that if it ever became law, would mean many workers would work more hours for less pay. By a 223-204 vote, the House passed the so-called Working Families Flexibility Act (H.R. 1406).