Tag Archives: Socioeconomics

Gap Hourly Wage Rate Increased

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Gap, the owner of Banana Republic and Old Navy, has announced that it will increase its hourly wage rate to $9. And next year this will reach the $10 level. The head of the company explained this...

Obama’s State Of The Union Address and Income Inequality

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…And the trees are all kept equal By hatchet, axe, and saw. Rush—“The Trees,” Hemispheres President Barack Obama was right when he said, “The long-term unemployed are not lazy. They’re not lacking in...

How Did The Democrats Become The Party Of The Rich?

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If you brought back either of the Roosevelts—Teddy or Franklin—from the grave, the most astonishing thing they would find is that the “malefactors of great wealth” have become the benefactors of...
    






Unemployment Extension 2014 on Trial

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Many needy Americans, as many as 1.3 million, lost the right to unemployment wages over the Christmas holidays. But now a renewal of this for at least three months is the talk of the town. President...
    






Minimum Wage Hike Increased by WCC

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It happens to be the highest rate in the entire US. But that is the way things are. Washington City Council took a decision that may have been abrupt yet it was necessary too. The raising of minimum...
    






OK I’Il Tip You. But Only Because It’s Christmas.

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A Scrooge – what you might call a person who’s stingy around Christmas time. Personally, I’m the opposite. The Christmas season is when I lose the stinginess I carry during the other 50 weeks of the...
    






Jobs With Justice: New Campaigns Take Aim At Low Wages, Working Poor, Falling Middle Class

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The organized labor movement is changing, reflecting two large-scale trends. On the one hand, union membership – once 35 percent of the U.S. workforce in the 1950s – is at its lowest point in more...
    






Fascinating Big Data On Migration From The Facebook Team

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This is the sort of thing that economists get excited about and it is also undoubtedly where a lot of economic research is going to be done in the coming decades. These vast sets of “big data” that...