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A History of the Minimum Wage

As working families across the country fight to raise the minimum wage, it's important to keep in mind the history of the wage. This entertaining video, created by the people at Time magazine, gives a pretty good overview and makes it clear the minimum wage is worth a lot less now than it used to be.

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Despite Projections, Little Improvement in Retirement Security Picture Since 2010

Despite Projections, Little Improvement in Retirement Security Picture Since 2010

Every three years, the Center for Retirement Research at Boston College issues the National Retirement Risk Index, taking a look at the percentage of America's households that are at risk of seeing a decline in quality of life after retirement. In the recently released report for 2013, 52% of households were at risk, a marginal improvement from the 2010 rate of 53%. The result is surprising, considering the rise in the stock market over those three years and the beginning of a rebound in housing prices, two factors that are key in influencing the overall retirement security picture.

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Just Because the Engine is Running Doesn’t Mean It Has Gas

Last week, in good news for everyone, the Bureau of Labor Statistics (BLS) reported a monthly net payroll gain of 321,000 in November and revised the gains for September and October by an additional 44,000. This means over the last three months, job gains averaged a little more than 278,000. That is a number big enough to finally bring down the unemployment figures in a meaningful way. And, it means this is the strongest year of job growth since 1998.

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Economic News Roundup

The Economic Policy Institute (EPI) has released important research about the economy in the last few weeks. Here's a look at some of the key pieces it has uncovered about the U.S. economy.

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Worker Wins Update: Workers Organize to Create New Jobs, Secure Scheduling Reform

Photo courtesy Stephen Melkisethian on Flickr

Workers across the country have stood up in the past month to fight for better wages and working conditions.

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321,000 New Jobs Added in November, Jobless Rate Remains 5.8%

321,000 New Jobs Added in November, Jobless Rate Remains 5.8%

The economy added 321,000 jobs in November—a big jump from October’s 214,000—and the unemployment rate was unchanged at 5.8%, according to figures released this morning by the U.S. Bureau of Labor Statistics.

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Sexual Harassment: What Does It Have to Do with Living Off Tips?

What is it like living off tips as a woman in the service industry? Check out the latest video from Restaurant Opportunities Centers (ROC) United. 

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Jobless Rate Dips to 5.8%, with 214,000 New Jobs Added in October

Jobless Rate Dips to 5.8%, with 214,000 New Jobs Added in October

The economy added 214,000 jobs in October, down from September’s 248,000 new jobs, but the unemployment rate fell to 5.8% compared to last month’s 5.9%, according to figures released this morning by the U.S. Bureau of Labor Statistics.

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Trumka: 'Americans Are Desperate for a New Economic Life'

“The defining narrative of this election was confirmation, beyond a shadow of a doubt, that Americans are desperate for a new economic life,” said AFL-CIO President Richard Trumka on Wednesday. After a disappointing election night, Trumka held a press conference to discuss the election and release the results of a poll conducted by Hart Research Associates that looked into the story behind the headlines. He said voters made it clear they want an economy that works for everyone.

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AFL-CIO Equity Index Fund Tops $5 Billion—Housing and Building Trusts Create Jobs, Build Communities

AFL-CIO Equity Index Fund Tops $5 Billion—Housing and Building Trusts Create Jobs, Build Communities

The AFL-CIO Equity Index Fund announced that it has surpassed $5 billion in market value through investments by more than 75 union, Taft-Hartley and public employee pension funds. AFL-CIO President Richard Trumka said:

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