The Chicago Public Schools announced the issuance of three furlough days for employees during the remainder of the school year. The Chicago Teachers Union fired back, with officials saying the move "all but assures" a strike on April 1.
U.S. workers have seen their share of corporate income for compensation drop from 82 percent to 75 percent since 2000, shows a recent analysis by the Economic Policy Institute (EPI).
A 7-point decrease "might not seem like a lot, but if labor's share had not fallen this much, employees in the corporate sector would have $535 billion more in their paychecks today," EPI's research and policy director Josh Bivens said in a paper on the findings.
That money would work out to be a $3,770 raise for each U.S. worker if all working Americans, not just those employed in the corporate sector, got a slice of the pie.