Economy

$15 Wage Wins in Seattle: 'We Did This. Workers Did This.'

$15 Wage Wins in Seattle: 'We Did This. Workers Did This.'
Less than six months after the start of an aggressive grassroots campaign, the Seattle City Council unanimously approved a $15 minimum wage on Monday, the highest in the nation.
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Toward the Total Paralysis of an Unequal Society

Toward the Total Paralysis of an Unequal Society
The severing of our society into a plutocracy and a peasantry is so far along that statistics almost cease to have meaning. But the facts have to be told, to help explain the sickening sense that we're becoming a nation without a middle class, paralyzed by the inequality deniers and excuse makers who refuse to admit there's something wrong with their free-market capitalist system.
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How Did This Happen? While Overall Wages Stagnate, CEO Pay at All-Time High

How Did This Happen? While Overall Wages Stagnate, CEO Pay at All-Time High
CEOs' pay is soaring – now at an average of $10.5 million a year – while the rest of us schmoes are left with stagnating wages. But it doesn't have to be this way.
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Want to Fight Income Inequality? Start With Plugging Loopholes in the Estate Tax

Want to Fight Income Inequality? Start With Plugging Loopholes in the Estate Tax
In 2013, casino mogul Sheldon Adelson engineered 30 complicated trusts to escape $2.8 billion in estate taxes and hand his heirs $8 billion of his fortune tax-free.
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Why Social Security's Not Going Broke

Why Social Security's Not Going Broke
Making Social Security solvent in the long run isn't that hard. But who should bear the cost?
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NJ's Credit Downgraded Again, Gov Christie Uses Non-Truths to Blame Every One Else

NJ's Credit Downgraded Again, Gov Christie Uses Non-Truths to Blame Every One Else
Last week, New Jersey Gov. Chris Christie became the second governor in the country's history to preside over six downgrades of the state's credit rating. Naturally, Christie blamed the pensions and that none of the other governors had to pay into the contractual obligation. This is, of course, not true. You are, of course, not surprised.
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Evidence that the Meritocracy is Made Up of Poor People

Evidence that the Meritocracy is Made Up of Poor People
Many wealthy Americans believe that dysfunctional behavior causes poverty. Their own success, they would insist, derives from good character and a strict work ethic. But they would be missing some of the facts. Ample evidence exists to show a correlation between wealth and unethical behavior, and between wealth and a lack of empathy for others, and between wealth and unproductiveness.
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MI Senate Caves (Slightly) on Minimum Wage With Meager Increase

MI Senate Caves (Slightly) on Minimum Wage With Meager Increase
The Michigan Senate, led by Republicans aghast at the idea of paying people an actual livable wage, decided to hike the minimum wage to $9.20 – not out of the kindness of their hearts, mind you, but in a blatant attempt to circumvent a grassroots petition that would raise the wage even higher (to an – almost – decent amount).
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TX Attorney General Protects His Payday Lenders’ Payday

TX Attorney General Protects His Payday Lenders’ Payday
Payday lenders have been running rampant across Texas— exploiting vulnerable families and charging obscene interest rates on small loans that then trap people in a devastating cycle of debt. Even worse, these predatory lenders also prey on Texas’ servicemen and women by targeting military bases.
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7 Mindblowing Economic Trends You Need to Know About

7 Mindblowing Economic Trends You Need to Know About
The U.S. can’t seem to get even a paltry raise through Congress, and falls behind Australia, France, New Zealand, the U.K., Canada, and Japan on minimum wage rates. If you include the robust social services available to many of the low-income workers in those countries, the American rate is even more appalling.
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