by Dave Johnson | Feb 25, 2013 | Minimum Wage
Tuesday's post, 40% Of Americans Now Make Less Than 1968 Minimum Wage, was updated with this chart: The chart shows that wages used to go up as productivity went up, but in the 1970s they decoupled. Productivity kept going up but wages stagnated. Now, here's another...
by Dave Johnson | Feb 20, 2013 | Economy, Minimum Wage, The Sequester
In just over a week the government is probably going to enter full-scale austerity. Republicans are refusing to end tax loopholes for big corporations and billionaires, choosing to let the "sequester" occur instead. Unless something changes, and soon, $1.2 trillion in...
by Dave Johnson | Feb 19, 2013 | Economy, Minimum Wage
You may have seen the charts showing how working people's wages stopped going up along with productivity gains: Update: I am adding this chart of productivity gain and wages, from EPI's The wedges between productivity and median compensation growth: This means the...
by Richard Eskow | Feb 14, 2013 | Minimum Wage
Two important events took place this week. One was President Obama's call for a higher minimum wage, which got a lot of attention. The other was a new report which showed just how much of our nation’s wealth continues to be hijacked by the wealthiest among us....
by Richard Eskow | Feb 14, 2013 | Minimum Wage
A State of the Union address is always important. It's the president's opportunity to tell the nation what he or she plans to do in the coming year. But what the history books say about this year's speech may also depend what we do in the weeks and months to come. In...
by Robert Borosage | Feb 13, 2013 | Minimum Wage
The president certainly can deliver a speech. Last night, he showed he could do a Clinton one better, delivering an hour-long speech packed with policy initiatives, with rhetorical flourishes to rouse his audience. Empowered by his re-election and the progressive...
