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Showing blog posts tagged with pay

What People Are Saying About Equal Pay Day

Photo courtesy of equalrights.org

Today is Equal Pay Day, and groups representing working women from around the country are talking about the importance of closing the pay gap, once and for all. 

The National Women's Law Center is hosting a blogger carnival on Equal Pay Day. See the full list of blogs here

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Show-Me Power: The Coalition that Terrifies Payday Lenders and Their Corporate Allies in Missouri

New coalition terrifies payday lenders in Missouri.

This is a guest post by Mike Louis of the Missouri AFL-CIO and Sean Soendker Nicholson of Progress Missouri

Ever wondered what keeps payday lenders and the CEOs who pay poverty wages up at night? It’s not the 1,950% interest rates they’re allowed to charge Missourians on payday loans, or how the employees who make them rich are able to survive on $290 a week.  

Here in Missouri, we know what terrifies the payday lending companies and corporations who want to keep paying poverty wages: It’s the convergence of faith, community, student and labor organizations who collected 350,000 signatures in the past 18 months to cap the rate on predatory loans and give minimum wage-earning workers a raise. 

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Report: You Paid $46 in 2011 to Subsidize Fat CEO Pay

Report: You Paid $46 in 2011 to Subsidize Fat CEO Pay

Next time you write your tax check to the Internal Revenue Service, imagine which multibillion-dollar corporation may get some of your hard-earned pay.

How about drugmaker Abbott Laboratories, which in 2011 claimed a $586 million tax refund for its 64 subsidiaries operating in 16 countries considered tax havens?

Or maybe Chesapeake Energy, a company that last year made $2.8 billion in pre-tax U.S. profits—but whose effective tax rate over the course of its 23-year history has averaged only about 1 percent?

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Outside Money Influences Elections from the President to the Local Sheriff

Money influences elections at all levels. Photo courtesy of Yomanimus, Flickr.

We’ve been talking a lot lately about the current financial state of play in electoral politics. Despite the mega-finances poured into the current election cycle, working families have more power than they think—power at the polls.

It’s not just the presidential race that’s being flooded with money. Every political race—from your local sheriff to state and local judges to your state governors and legislators—is receiving more donations from an ever greedier financial elite.

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Elections: The Myth of the Small Donor

Flickr photo courtesy of 401(K) 2012

“There is simply a better payoff by courting seven-figure donors,” said Matt Schlapp, a former White House political director for George W. Bush, in a Politico story Tuesday.

The story, “Election 2012: The Myth of the Small Donor,” details the meteoric rise of the mega-donor. Multimillion-dollar donations from people like Sheldon Adelson, Frank VanderSloot and the Koch brothers are “quickly diminishing one of the few avenues—outside of voting—for average folks to shape elections, help determine candidates’ viability and affect the course of the country.”

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Income Inequality: The 12 Cookies Joke

Photo courtesy of Flickr Creative Commons.

This is a cross-post from Huffington Post by Stan Sorscher, labor representative for the Society of Professional Engineering Employees in Aerospace/IFPTE Local 2001 (SPEEA/IFPTE).

A CEO, a Tea Party member and public employee sit at a table with 12 cookies on a plate. The CEO grabs 11 cookies and tells the Tea Party member, "You better watch him. He wants your cookie."

The CEO took 11 out of 12 cookies. This isn't a question of what's fair. The CEO has the economic power to take 11 cookies—and he does.

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How Many Jobs Will the U.S. Lose if Romney Is Elected?

How Many Jobs Will the U.S. Lose if Romney Is Elected?

According to a Cornell University study of janitors and security guards, when service sector jobs are outsourced, even within the United States, workers in those jobs are paid lower wages and receive fewer health benefits.

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