“The shift towards temp work is creating an economy in which working people who move and produce products for some of our nation’s largest and most profitable corporations are treated like any other input, to be acquired at the cheapest cost,” said the report's co-author Rebecca Smith, NELP's deputy director. “Staffing agencies not only fail to provide livable wages, benefits or job security for their workers, but their influence in an industry can lower standards for all workers in that industry.”
The 2010 Affordable Care Act (ACA) sharply reduced taxpayer subsidies last year for executive pay at the nation's 10 largest publicly held health insurance companies, according to a new report by the Institute for Policy Studies (IPS), a Washington-D.C.-based think tank.
Last year, an ACA provision took effect that put a $500,000 cap on the tax deductibility of health insurer executive compensation. Previously, the companies had a $1 million limit on the deductibility of executive pay from federal corporate income taxes. Now, health insurance companies are allowed to deduct only up to $500,000 in combined performance-based and salary pay per employee each year.
Chicago fast food workers escalated their fight on Thursday for a $15 hourly wage and union rights by participating in acts of civil disobedience during a nationwide day of strikes. Progress Illinois was there for today's protests.
Real hourly wages fell for just about all U.S. workers, including those with a college degree, between the first half of 2013 and the first half of 2014, according to an analysis of new wage data by the Economic Policy Institute (EPI).