wages

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Stay-at-Home Mom? Few Can Afford the Choice
Stay-at-Home Mom?
Few Can Afford the Choice
EJ Dionne
Apr 19, 2012 11:37 AM CDT

Stay-at-Home Mom? Few Can Afford the Choice

EJ Dionne says it's not 'values' driving women to work, it's economics

(Newser) - Lost in the midst of the Ann Romney/Hilary Rosen "mommy war" was a simple truth: Most mothers today simply can't afford to stay home with their kids. "This is not about 'lifestyle' or 'values,'" writes EJ Dionne of the Washington Post . "This...

Wages of Young Workers Declining

They're down over the last decade, in contrast to overall numbers

(Newser) - The group getting hit the hardest by plummeting wages caused by high unemployment is the young. The hourly pay for male college graduates ages 23 to 29 fell 11% over the past decade to $21.68 while their female counterparts saw a dip of 7.6% to $18.80, reports...

10 Jobs That Pay Less Than You Think

Family therapists, models generally make under $50K: Forbes

(Newser) - Just because a job sounds interesting, complicated, or intriguing does not mean it pays a fortune. Forbes uses Bureau of Labor stats to round up what it views as the 10 "most surprisingly low-paying jobs," including:

Foxconn Caves to Pressure, Ups Wages

Apple supplier works to improve conditions following consumer outcry

(Newser) - Foxconn will bump workers' salaries by as much as 25% while decreasing the amount of overtime demanded of them, the company announced this weekend, in a bid to stem the tide of outrage against it and high-profile customers such as Apple, Hewlett-Packard, and Dell. The move is a victory for...

Mean People Make More Money

 Mean People 
 Make More 
 Money 
study says
Aug 15, 2011 5:59 PM CDT

Mean People Make More Money

Study finds less agreeable workers earn more

(Newser) - Kindness doesn't pay—at least not between the hours of 9 and 5, a new study shows. The aptly-named "Do Nice Guys—and Gals—Really Finish Last?" study found that "agreeable" workers earn less than those who aren't as agreeable, with an especially wide gap for...

Just What Is a &lsquo;Good Job&rsquo;?
 Just What Is 
 a ‘Good Job’? 
analysis
May 1, 2011 7:36 PM CDT

Just What Is a ‘Good Job’?

This essential question needs to be answered, but it's complex

(Newser) - We toss around the phrase all the time, but how do we define what makes a “good job” good? It’s a key question—and a complex one—as we look to the future of our economy, writes Michael Lind in Salon . Among the factors:
  • Unions: We often call
...

We Depend on Uncle Sam's Cash More Than Ever

Wages lagging as source of income

(Newser) - Americans relied on government programs for more of their personal income last year than at any previous time in history. According to a USA Today analysis of federal data, Social Security, unemployment, Medicare, and food stamps made up 18.3% of the national income last year, while wages accounted for...

Wages Falling Fast— and Might Not Come Back

This consequence of the recession hearkens back to Depression

(Newser) - More bad news for the unemployed: You may very well return to the workforce, but it will likely be at a significantly lower wage than you were earning before. The Wall Street Journal offers up the stories of workers who went, in one case, from a $150,000-per-year money manager...

Jobless Masses a Boon for Employers
Jobless Masses a Boon
for Employers
Jun 28, 2010 3:00 PM CDT

Jobless Masses a Boon for Employers

Companies can hire better workers, pay less

(Newser) - High unemployment isn’t bad for everyone. Many companies are taking advantage of the jobless masses, hiring extremely motivated workers at discount rates, Bloomberg reports. “Companies are getting higher-productivity employees for the same or lower wage rate they were paying a marginal employee,” explains one investment strategist. “...

Middle Class Losing Health Insurance Fastest

Families squeezed as prices soar, employers drop coverage

(Newser) - Middle-class Americans are losing their health insurance coverage faster than any other group, with 16.2% of people in the income bracket finding themselves without coverage in 2008. That’s 12.9 million uninsured—up from 10.5 million in 2000—among families who make between $45,000 and $85,...

Pay Cuts: America's New Norm
 Pay Cuts: America's New Norm 
Oct 14, 2009 7:49 AM CDT

Pay Cuts: America's New Norm

Nine straight months of declining pay sets new record

(Newser) - In previous recessions, layoffs were the principal way for employers to cut costs—pay cuts were seen as demoralizing and a sure-fire way to lose workers to other jobs. But now pay cuts, sometimes in the form of demotions or shortened workweeks, are more common than at any time since...

Wages Are Up—for Workers With Jobs

Avg. weekly pay hit $618 last month, up from $612

(Newser) - For those with the good fortune to have a job, wage growth has actually increased in recent months, government surveys show. From the fall of Lehman Brothers last September to this June, average weekly pay stayed at $612. But since June, the workweek has gotten longer and hourly pay growth...

Minimum Wage Rises to $7.25
 Minimum Wage Rises to $7.25 
Jul 24, 2009 11:45 AM CDT

Minimum Wage Rises to $7.25

Some say hike will hurt small business; others hold it'll boost economy

(Newser) - The minimum wage today jumps 70 cents to $7.25 an hour, a move that rekindles a debate as old as the wage itself, notes the Atlanta Journal-Constitution. Some worry that the increase puts an unfair burden on small businesses, especially with times so tight; others say low-wage earners will...

Dow Falls 223 on Jobs Data
 Dow Falls 223 on Jobs Data 
MARKETS
Jul 2, 2009 3:35 PM CDT

Dow Falls 223 on Jobs Data

(Newser) - Stocks posted losses today, soured all session by worse-than-expected June employment data, the Wall Street Journal reports. With unemployment up a tenth of a percent to 9.5%  and wages remaining stagnant, investors have little to be optimistic about. The Dow lost 223.32 to settle at 8,280.74....

Globe Union Rejects Pay Cut



 Globe Union Rejects Pay Cut 
Jun 8, 2009 11:31 PM CDT

Globe Union Rejects Pay Cut

Struggling newspaper's staff vote against deal to slice pay, benefits despite warnings

(Newser) - The Boston Globe's biggest union has turned down a contract involving pay and benefit cuts despite threats that doing so may lead to deeper cuts, the New York Times reports. Boston Newspaper Guild members voted 277-265 against the offer from the New York Times Company after 12 hours of voting,...

Globe Union to Vote on Pay Cut
 Globe Union to Vote on Pay Cut 
Jun 8, 2009 11:11 AM CDT

Globe Union to Vote on Pay Cut

Rejection could spark legal battle

(Newser) - The Boston Globe’s biggest union votes today on whether to accept a $10 million cut to their wages and benefits, including an 8.4% pay cut, or to mount a legal fight with parent the New York Times Co., the Boston Herald reports. If the contract is rejected, the...

College Grads Face Years of Lower Wages

Economists pile on the bad news for the struggling class of '09

(Newser) - The recession will mean paltry pay for the Class of '09 for many years to come, economists tell the Wall Street Journal. College grads are entering the toughest labor market in 25 years and competition is driving down starting wages for those lucky enough to land jobs, an effect research...

Falling Wages Compound Economic Woes
Falling Wages Compound Economic Woes
OPINION
May 4, 2009 8:00 AM CDT

Falling Wages Compound Economic Woes

Without new stimulus, US faces Japan-style slump: Krugman

(Newser) - From bailed-out automakers to newspapers facing cutbacks, companies across the US are slashing wages, and employees—even those with unions—are sitting still for it. While cuts may look like a good alternative to unemployment, but they're more harmful than they appear, writes Paul Krugman in the New York Times....

Obama's First Law Will Fight Wage Discrimination

(Newser) - A wage-discrimination bill that heralds the pro-labor policies of the Democratic-controlled Congress and White House cleared the Senate on a 61-36 vote today and could be on President Obama's desk within days. The legislation reverses a 2007 Supreme Court ruling that narrowly defines when workers can claim wage discrimination, even...

Wal-Mart Will Pay $640M to Settle Wage Lawsuits

(Newser) - Wal-Mart will pay up to $640 million to settle 63 state and federal class-action lawsuits that alleged it forced employees to work off the clock and skip breaks, the New York Times reports. The lawsuits involve hundreds of thousands of former and current hourly wage workers. The settlement—it will...

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