economy

Will Seattle Join One of Its Suburbs with a $15 Minimum Wage?

Will Seattle Join One of Its Suburbs with a $15 Minimum Wage?
As previously reported, SeaTac, a small town outside of Seattle, voted to raise its minimum wage to $15 per hour on Nov. 5. The victory was confirmed Tuesday after a recount and will go into effect after a corporate-backed lawsuit over the wage is resolved. Now working family activists in Washington State are hoping to ride the success of the SeaTac vote to Seattle, and they’ve found support from the mayor and the majority of City Council members.
origin Author: 
Kenneth Quinnell
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Stimulating Visual: The Stimulus' Impact Is Easy to See

Stimulating Visual: The Stimulus' Impact Is Easy to See
Did the “stimulus” work? Republicans claim it was a failure, a waste of money, and was the reason the deficit soared. However, an updated version of familiar graph clearly shows the benefits of the much-derided stimulus package.
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New Study: America's 'Exceptional' Economic Mobility Is Actually Just Exceptionally Bad

New Study: America's 'Exceptional' Economic Mobility Is Actually Just Exceptionally Bad
With more news of strikes in the fast food industry and concerns about low wages in other retail industries, economic inequality continues to emerge as a growing issue heading into 2014. According to results of a new study, there's good reason for concern: Among developed countries, only in Italy and the UK is there less economic mobility than in the U.S.
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New Polling Suggests Americans Ready to Tax the Rich, but are Dems Ready for the Fight?

New Polling Suggests Americans Ready to Tax the Rich, but are Dems Ready for the Fight?
As we enter into yet another round of budget discussions, the Democratic Party is confronted with an opportunity – and a challenge. There’s an opportunity to shift the budget debate to an area where they hold the high ground. But it will be a challenge for some Democrats to take the initiative on a subject they seem reluctant to discuss. The subject is taxes.
origin Author: 
Richard (RJ) Eskow
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Uptick in Worker Productivity Means Job Numbers May Remain Flat

Uptick in Worker Productivity Means Job Numbers May Remain Flat
U.S. workers increased their productivity from July through September at roughly the same modest pace as the previous three months. Steady gains in productivity could dissuade companies from ramping up hiring.
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Reducing Food Stamps Doesn't Just Hurt Children and Vets, It Hurts Economy

Reducing Food Stamps Doesn't Just Hurt Children and Vets, It Hurts Economy
If you don’t think this SNAP reduction affects you, you’re wrong. Anytime you take money from Main Street, you hurt local economies. Since SNAP funds are used to buy food, a $5 billion loss to retailers and to agriculture industry is reported nationwide. For South Carolina, it is a $93 million direct loss to the economy
origin Author: 
Unconflicted
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Group of NJ Small Businesses Support Raising the Minimum Wage

Group of NJ Small Businesses Support Raising the Minimum Wage
Big business lobbies try to scare voters into believing that all business opposes increasing the minimum wage, and that it would cost jobs. But many small business owners actually support increasing the wage, because it would boost the economy by putting money into the pockets of workers who will turn around and spend it right away. Plus, it's the right thing to do.
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SEC Moves Towards Allowing Companies to Issue Stock Through Crowdfunding

SEC Moves Towards Allowing Companies to Issue Stock Through Crowdfunding
Once just a hip way of raising money to make a movie or help out a good cause, crowdfunding is expanding to a whole new arena. But in the coming year, startups may be allowed to sell stock in their companies over the Internet to a national pool of small-time investors. For those investors, it's a chance to make a profit and possibly get in early on the next Twitter or Facebook. But it's also extremely risky, given that a majority of startups fail.
origin Author: 
Marcy Gordon
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Republicans Have Done Real ($24B) Damage to the Economy

Republicans Have Done Real ($24B) Damage to the Economy
Republicans believe that a bad economy works for them at election time. The thinking is that the public will turn on Democrats for not making things better. So they do what they can to make the economy bad. Maybe they went too far this time. This hostage-taking episode has done real, serious, lasting damage to the economy on top of the ongoing damage Republicans have been doing. Will the public still blame Democrats, or will they finally see what is going on here?
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As Workers Suffer, Conservative House Manufactures Budget Crisis

As Workers Suffer, Conservative House Manufactures Budget Crisis
Over 21 million people are in need of full-time work. Wages are stagnant. The too-big-to-fail banks are bigger and more concentrated than ever. The wealthiest Americans have captured virtually all of the rewards of growth, while most Americans have yet to experience any recovery. Now the Republican Party in the Congress is concocting another manufactured budget crisis.
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