economy

The Center for Economic and Policy Research’s John Dewitt looked at what the minimum wage would be if it simply rose with productivity since 1968, and found that it would be almost 3 times what it is now.

President Obama repeats many of the themes from Tuesday night's State of the Union address while speaking to people at a manufacturing plant in Asheville, North Carolina Wednesday.

Inequality in America grows more extreme each day. The richest 400 Americans, for example, increased their wealth by 54 percent between 2005 and 2010, while the median middle-class family saw its wealth decline by 35 percent.

Free market idealists argue that capitalism works for anyone with a little initiative and a willingness to work hard. That might be true if job opportunities were available to everyone.

It’s been four years since Wall Street ruined the economy, we’re nearly nine million jobs behind where we need to be, and for years our politicians have debated how much less – not how much more – they’ll do about it.

For every $100 owned by a white family, a black family has $2. For every $100 owned by a single white woman, a single black or Hispanic woman has 25 cents.

After five years of hemorrhaging jobs, the construction industry has been rebounding over the past three months, a sign that some economists say indicates there is hope for the economy on the whole.

Fox’s Greg Gutfeld may have discovered the secret to sweatshop success in relation to underpaid workers. He said, “A low paying job has to be low rung in order to get people up on that. If you make that low rung high paying, than the unskilled worker can’t get up there and move up. That’s why the biggest myth of all time is that sweatshops are bad."

The actor, who was dubbed "McDreamy" by fans of the hospital drama while his co-star was affectionately called "McSteamy," won a bankruptcy auction to buy Tully's Coffee, a small coffee chain based in Seattle. Among those Dempsey beat out is Tully's much bigger Seattle neighbor, Starbucks Corp., which wanted to convert the cafes to its own brand.

The Federal Trade Commission's (FTC) settlement with Google fails to end its most anti-competitive practice, Consumer Watchdog said Thursday. The public interest group called on the Department of Justice to press forward to end the Internet giant's monopolistic behavior in search results.