Sanders among senators who unanimously passed Republican budget amendment to block $15 minimum wage in Covid stimulus package…
This Is Fun: Rep. Porter Puts Jamie Dimon of JPMorgan Chase in the Hot Seat…
Because CEO Jamie Dimon likes to prop himself up as being a wise banker who manages a $2.6 trillion bank, Rep Porter challenged him to help her figure out how a young mom with one child could live on $16.50 as a Bank Teller living in her district which is Irvine, California. It’s fun to […]
Bernie Sanders to Billionaire Jeff Bezos: ‘Pay your workers a living wage’…
One particular salary has irked Sen. Bernie Sanders: He cites Amazon founder Jeff Bezos makes $275 million a day, this according to Time magazine. “Jeff Bezos has so much money that he says the only way he could possibly spend it all is on space travel. Space travel. Have you ever heard of such a […]
To ‘Protect’ Workers, World Bank Calls for Eliminating Minimum Wage, Giving Employers More Power…
In a major blow to labor rights, the World Bank in its annual flagship report, World Development Report, has called for the credit-states or “poor countries” to have fewer workers’ regulations, like eliminating a requirement for minimum wage, allowing the employers to fire workers without cause, and repealing laws limiting abusive employment contract terms. The […]
Bank Downgrades Chipotle, Complaining It Pays Workers Too Much. Chipotle Says That’s Bunk…
Bank of America Merrill Lynch downgraded Chipotle and warned investors that the stock will “underperform,” complaining that the restaurant chain is paying its workers too much, and that cutting labor costs further will be difficult for the chain. “We are downgrading Chipotle to Underperform from Neutral as we believe, assuming no significant tax reform, that […]
For Every Living-Wage Job, There Are Seven People Looking for Work…
Living-wage jobs are scarce in the United States. The People’s Action Institute (PAI), a national organization with the goal of achieving economic, racial, gender and climate justice, just released a study that reinforces the profound need for jobs that pay a wage people can live on. A PAI news release states…