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To many people, it is almost obscene that the CEO of McDonald’s, for instance, gets a compensation package worth $13.8 million a year; a giant raise from his 2011 pay of $4.1 million, a pay level that equals 915 full-time, full-year minimum wage workers at McDonald’s. If pay truly reflected the productivity of workers, then presumably if 915 McDonald’s workers went on strike, he would be able to fill in and do their work.
There is no doubt that American manufacturing has suffered a significant decline in the past few decades. This drop in our manufacturing base was a big factor leading to the current economic downturn.
An article in today's Los Angeles Times reports that U.S. commuters take more than 200 million trips every day across bridges that are structurally deficient. At least 8,000 bridges across the country are in danger of failing if even a single component breaks. The cost to update these bridges has risen to $20.5 billion a year, according to the Federal Highway Administration. After years of budget cuts, the Great Recession and the job-killing sequestration, funding for transportation projects has declined significantly.
This Friday, the Los Angeles Black Worker Center (BWC) is holding its first-ever Black Workers Congress to bring workers and the Los Angeles community together to build support and share knowledge to transform the jobs crisis in communities of color.
The following is an excerpt from the Economic Policy Institute (EPI). According to the Department of Labor’s Aug. 2 jobs report, 12 million U.S. workers remain unemployed. In manufacturing and construction alone, 1.8 million people were out of work. Given that past trade agreements have had a deep and lasting impact on U.S. jobs, the officials negotiating the Transatlantic Trade and Investment Partnership (TTIP) must focus on policies that create jobs, rather than destroy them.
Carrying limited support from Republicans at home, President Barack Obama traveled to Europe on Wednesday and sought to build international support for a military strike to punish Syria for using chemical weapons.
The Roman Catholic Diocese of Gallup, New Mexico, plans to file for Chapter 11 bankruptcy this month to cope with mounting costs of litigation arising from claims of child sexual abuse by members of its clergy, the church confirmed on Tuesday.
NASHVILLE, Tenn - A Memphis teenager on Tuesday apologized and pleaded guilty to second-degree murder in the stabbing death of his principal in 2011.
Kidnapper and rapist Ariel Castro's apparent prison suicide may deprive his victims of a vital sense that justice has been done, a leading psychologist said Wednesday. "Going forward now these girls are going to have to find a way of healing without a sense of justice," said Dr.
Kidnapper and rapist Ariel Castro was found hanged in his jail cell just a month after being sentenced to life in prison plus 1,000 years for holding three women captive in his Cleveland home, a prison official said early Wednesday.
