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.
U.S. states should improve access to identification cards for homeless youth, particularly those who are lesbian, gay, bisexual or transgender (LGBT), argues a new report from the Center for American Progress (CAP), a progressive national think tank.
Homeless youth, who are disproportionately LGBT, can face roadblocks to obtaining state-issued identification, which is necessary to access various programs and services, including those that could help them gain housing and employment, the report says.
CAP's research showed that many states fall short in terms of ID card accessibility for homeless youth.
A recent report from the Institute for Policy Studies (IPS) reveals that Wall Street employees received $28.5 billion in combined bonuses last year.
That works out to be double the collective annual earnings of the more than one million full-time U.S. workers who made the federal minimum wage in 2014. At the national level, the hourly minimum wage is $7.25.
The $28.5 billion in bonuses was spread out among 167,800 Wall Street bank employees, according to the Washington, D.C.-based think tank.
"The size of the [2014 Wall Street] bonus pool was 27 percent higher than in 2009, the last time Congress increased the minimum wage," reads the report, "Off the Deep End: The Wall Street Bonus Pool and Low-Wage Workers."
Earth and all of the life it sustains is in imminent danger from global climate change and from the “enforced orthodoxy’’ of its deniers, but there is still time to act and reason for hope, former Vice President Al Gore said at the University of Chicago Monday evening.
In discussing the political problems holding back environmental reforms, he spoke directly to comments made at the same University of Chicago Institute of Politics forum two weeks earlier by Sen. Rand Paul, R-KY, who claimed scientists only have 100 years of “real data’’ at which to look when assessing climate change. Even as he argued against a “dumbed down” debate, his calculus suggests scientists can’t use other evidence to study historical changes in the planet that include weather and energy patterns, something with which nearly all experts disagree.