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Inequality—'X' Marks the Spot—Dig Here

Figure 1. Something happened in the mid-70's

In 2002, I heard an economist characterizing this figure as containing a valuable economic insight. He wasn't sure what the insight was. I have my own answer.

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Social Security Report Delivers Reassuring News for Working Families

AFL-CIO President Richard Trumka released the following statement in response to the release of the 2015 Old-Age, Survivors and Disability Insurance (OASDI) Trustees Report.

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223,000 New Jobs in June, Jobless Rate Edges down to 5.3%

223,000 New Jobs in June, Jobless Rate Edges down to 5.3%

The economy added 223,000 jobs in June and the unemployment dipped to 5.3% from May's 5.5%, according to figures released this morning by the U.S. Bureau of Labor Statistics (BLS). April and May job creation numbers were revised down by 60,000.

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What Is the Federal Reserve Doing?

Last week, the U.S. Bureau of Labor Statistics issued its numbers for inflation and for real wage movements. The numbers reflected the weak numbers of the first quarter for economic growth: Zero inflation and zero real wage growth in the past three months. The economy is showing signs that it is fragile. It can be spoofed by international developments that raise the value of the dollar and slow U.S. export growth, or by bad weather—events, the Federal Reserve cannot control or easily predict.

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10 Reasons Why You Should Care About Overtime

10 Reasons Why You Should Care About Overtime

10 Reasons Why You Should GAF About Overtime originally appeared on Kinja. 

Millions of workers, maybe even you, have been working overtime without ever seeing a dime. That’s not right. Thankfully, the Department of Labor is expected to announce a proposal soon to increase the salary threshold for receiving overtime pay. In short, you could be about to get a raise you might not have even known you already should have. Here’s why you should definitely GAF about the new overtime rule.

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280,000 New Jobs in May, Jobless Rate Remains Essentially Unchanged at 5.5%

280,000 New Jobs in May, Jobless Rate Remains Essentially Unchanged at 5.5%

The economy added 280,000 jobs in May and the unemployment rate remained essentially unchanged from April at 5.5%, according to figures released this morning by the U.S. Bureau of Labor Statistics. 

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Grasping at Straws—Why Runaway CEO Pay Can’t Be Wished Away

It is no longer debatable that the United States is suffering from runaway economic inequality. It also is no longer debatable that the reason is broad-based wage stagnation for the majority of Americans, as incomes for the top 10% continue to rise.

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This Map Makes It Pretty Clear Why We Need to Raise the Minimum Wage

This Map Makes It Pretty Clear Why We Need to Raise the Minimum Wage

A pretty standard way of measuring housing affordability used by economic experts is that you should pay about 30% of your income on rent. That leaves you with enough income to cover other important costs such as food, clothing, medical care, etc. But a new report from the National Low-Income Housing Coalition shows that in 2015, the minimum wage isn't enough to cover the rent for a one-bedroom apartment in any state in the union. Seems like we need a raise, right?

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Reich: Want to Fix the Economy? Strengthen Unions

In the latest video in his series on how to fix the economy, former Labor Secretary Robert Reich argues that stronger unions are a critical component. Unions, Reich explains, are key to increasing stagnant wages and boosting a shrinking middle class.

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Economic News Roundup

The Economic Policy Institute and Think Progress have released important research, news and commentary about the economy recently. Here's a look at some of the key facts they have uncovered about the U.S. economy.

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