Tag: Wages and Salaries

Lessons From Paul Volcker’s Remarkable Life

It is easy to forget just how miserable the situation was for the United States economy when Paul Volcker took charge as its chief central banker in August 1979. Inflation was nearly 12 percent a year and rising. People were lining up for gasoline. Unemployment was 6 percent, having spiked over the previous four months. […]

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Strong November Jobs Report Counters Anxieties Over Weakening Economy

■ The unemployment rate was 3.5 percent, down from the previous month. ■ Average hourly earnings rose 0.2 percent, with a year-over-year gain of 3.1 percent. The Takeaway The return of tens of thousands of striking workers to their jobs at General Motors helped supercharge hiring totals last month. The reassuring jobs report, released Friday […]

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What to Expect From the November Jobs Report

The Labor Department will release the latest hiring and unemployment figures for November at 8:30 a.m. Eastern time. Here’s what to watch for: Wall Street analysts are forecasting a stronger showing than the previous month, with payroll gains of 180,000, up from the 128,000 initially reported for October. The unemployment rate is expected to be […]

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Watch 4 Decades of Inequality Drive American Cities Apart

In 1980, highly paid workers in Binghamton, N.Y., earned about four and a half times what low-wage workers there did. The gap between them, in a region full of I.B.M. executives and manufacturing jobs, was about the same as the gap between the workers near the top and the bottom in metro New York. Since […]

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Trump’s Trade Deal Steals a Page From Democrats’ Playbook

WASHINGTON — House Democrats return to Washington on Monday facing a difficult choice: Should they hand President Trump a victory in the midst of a heated impeachment battle or walk away from one of the most progressive trade pacts ever negotiated by either party? The Trump administration agreed with Canada and Mexico on revisions to […]

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Students Fainting From Hunger in Venezuela’s Failing School System

BOCA DE UCHIRE, Venezuela — Hundreds of children filed into their school courtyard to hear a local Catholic bishop lead prayers for their education. “We pray for the youths who are on the streets and can’t come to school,” said Bishop Jorge Quintero, addressing the Augusto D’Aubeterre Lyceum school in the beach town of Boca […]

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A Whistle-Blower, a Collapsed Hotel, an Imminent Deportation

In early October, a worker posted a video of a building under construction that looked like it was about to collapse. It was slated to be a Hard Rock Hotel, just off the French Quarter, its temporary beams bent under the weight of the floors above. “It’s the best engineering,” the worker said sarcastically in […]

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Modern Black Friday Work Force: Postal Clerk, Influencer, Robot

A postal employee who processes one Amazon return after another. A part-time stockroom clerk who works spotty hours for minimum wage and no health benefits. A social media influencer who pitches products to her 83,000 Instagram followers. A robot that scans the shelves at Walmart. Meet America’s retail work force in 2019. Nearly five million […]

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Activists Build a Grass-Roots Alliance Against Amazon

SAN FRANCISCO — Amazon flourished over its first two decades with little opposition and less scrutiny. A new coalition and a report unveiled on Tuesday make clear that era is over. The coalition, Athena, comprises three dozen grass-roots groups involved in issues like digital surveillance, antitrust and working conditions in warehouses. The goal is to […]

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Fed Chair Powell to Say a Solid Labor Market Could Get Even Stronger

PROVIDENCE, R.I. — Federal Reserve officials have increasingly acknowledged that the labor market might have more room to run, and Chair Jerome H. Powell planned to make the point in perhaps the plainest way yet during a Monday evening speech. While the job market is strong, benefiting low-wage workers and pulling prime-age adults back into […]

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The Likability Trap Is Still a Thing

“We have to work harder, and that’s a fact.” — Senator Amy Klobuchar, Democratic presidential candidate “Women are held to a higher standard,” Senator Amy Klobuchar said during the Democratic debate in Atlanta this week. “We have to work harder, and that’s a fact.” Indeed, study after study after study shows that women put in […]

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$26 Million Disappeared From Paychecks. Who Was Behind It?

Nicole Ingram was at the supermarket when she got a confusing text. Her payroll check for working as a nursing assistant in New Jersey, which had been deposited into her account, was being withdrawn. On that morning in September, thousands of workers across the country received a similar notification. In all, tens of millions of […]

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Mexican Workers’ Gains Would Be Ours, Too

Despite financial gains won recently by the United Auto Workers in a new contract that ended a nearly six-week-long strike against General Motors, the longest in a half-century, the deal will not rectify the major problem that has hurt American autoworkers and will continue to do so. The problem has been the longstanding lack of […]

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Why You Should Tell Your Co-Workers How Much Money You Make

Image It’s unlawful for private sector employers to prohibit employees from discussing wages and compensation. Take advantage of that protection. Aug. 31, 2018 So how much do you make? It’s a loaded, deeply personal and often uncomfortable question. Along with our weight and age, our salary is a number to which we’ve assigned almost incomparable […]

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Ford Contract Ratified by U.A.W. Members

Union workers have approved a four-year labor contract with Ford Motor, accepting wage increases and other terms nearly identical to the agreement reached with General Motors. The United Automobile Workers union announced Friday that the agreement had been backed by 56 percent of those voting. The pact calls for Ford’s 55,000 union workers to receive […]

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Uber Fined $649 Million for Saying Drivers Aren’t Employees

New Jersey has demanded that Uber pay $649 million for years of unpaid employment taxes for its drivers, arguing that the ride-hailing company has misclassified the workers as independent contractors and not as employees. The state’s Department of Labor and Workforce Development issued the request this week to Uber and a subsidiary, Raiser, after an […]

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Red and Blue Economies Are Heading in Sharply Different Directions

ImageThe economic challenges of blue metro areas like San Francisco — affordability and inequality — are different from those of red metros.Credit…Jason Henry for The New York Times At a quick glance, red and blue metropolitan areas are performing equally well on average in the most watched indicators of labor market health. Employment growth in […]

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As Push for Higher Minimum Wages Grows, New York Offers a Test Case

RIPLEY, N.Y. — Meeder’s, a cozy diner nestled in New York’s southwest corner, has seen its labor bill skyrocket in recent years amid steady increases in the state’s minimum wage. To cover the costs, its owners have lifted menu prices and bought new equipment, including a mixer that allows them to churn out their 26 […]

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The SoftBank Effect: How $100 Billion Left Workers in a Hole

For five years, Sunil Solankey, a retired captain in the Indian Army, had run the 20-room Four Sight Hotel in a New Delhi suburb. Business was steady, but he longed to make the establishment a destination for lucrative business travelers. Last year, a hospitality start-up called Oyo told Mr. Solankey that it would turn the […]

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A Surprising Finding on Paid Leave: ‘This Is Not the Way We Teach This’

One of the biggest arguments for paid leave for new parents has been an economic one: Research has repeatedly shown that women with paid time off after childbirth are more likely to keep working. But a new study, the largest to be done in the United States, found the opposite. In California, which in 2004 […]

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Big Business Is Overcharging You

When Thomas Philippon moved to Boston from his native France 20 years ago, he was a graduate student on a budget, and he was happy to discover how cheap American telephone use was. In those days of dial-up internet connections, going online involved long local phone calls that could cost more than $10 apiece in […]

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Australian Women and Men’s Soccer Teams Reach Deal to Close Pay Gap

Australian soccer’s governing body has announced what it calls a landmark agreement with the players union to close the pay gap between the men’s and women’s national teams. The men’s team, the Caltex Socceroos, and the women’s team, the Westfield Matildas, will receive equal shares of total player revenue as part of a four-year deal […]

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Away From TV Studio, BBC Dispute Over Pay Equality Plays Out

LONDON — For the past several days, BBC managers and executives have trooped to a small hearing room in central London to defend the broadcaster’s decision to pay a woman a fraction of what it paid a man for what she argues is similar work. The testimony has been long and drawn out, comparing in […]

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