Items tagged with: LivingWage

"A study conducted by the Brookings Institute found that 53 million Americans between the ages of 18 and 64 (or 44% of the workforce) yearly earn a median average of $18,000 (or $10.22 per hour). What this means is that a large section of our society can't afford even small mistakes, let alone major emergencies. It only takes one bad move or shock for a low-wage worker to be irrevocably thrown into a catastrophe. CBS's post about the Brookings report appeared the day after it aired the 60 Minutes episode on Seattle's homeless crisis."

#inequality #livingwage #homelessness
...because it was just another Republican talking point.

Job loss predictions over rising minimum wages haven't come true

"Opponents have long argued that raising the minimum wage will cause workers to lose their jobs and prompt fast food chains (and other stores) to raise prices."

"The data paint a clear picture: Higher minimum wage requirements haven't reduced hiring in low-wage industries or overall."

"Eighteen states rang in 2019 with minimum wage increases — some that will ultimately rise as high as $15 an hour — and so far, opponents' dire predictions of job losses have not come true."

#GOP #inequality #livingwage
"Rep. Katie Porter continues to leave marks on the witnesses she questions in Congress, regardless of their social status or economic power. Here she is questioning Mark Zuckerberg, CEO of Facebook, one of the richest men at the youngest age in the world, about the conditions under which he insists his contract workers labor."

"He pays 'content monitors' either $15 or $20 per hour to watch gruesome videos and content (murders, suicides, stabbings, etc) to determine whether or not it is allowed or appropriate for the site. This is work he does not ask his own Facebook employees to perform, remember. He contracts this traumatizing work out. Rep. Porter asks him to confirm that he cuts them off from mental health care when they leave the company, even if they have PTSD as a result of the work they've done for Facebook."

#Facebook #LivingWage #inequality
"A Congressional Budget Office analysis published Monday showed that raising the federal minimum wage to $15 an hour by 2025 would significantly increase pay for over 27 million workers and lift 1.3 million people—including hundreds of thousands of children—out of poverty."

"The CBO also found that more than doubling the federal minimum wage would boost the income of families earning less than three times the poverty rate by nearly $22 billion."

"While corporate media headlines emphasized the CBO’s estimate that a $15 minimum wage could wipe out over a million jobs, economists disputed this finding as overly pessimistic and noted that—even if such a gloomy prediction is accepted—the analysis showed the benefits of a $15 minimum would still far exceed the costs."

#MinimumWage #LivingWage #inequality
CBO analysis shows $15 federal minimum wage would raise pay for 27 million workers and lift 1.3 million out of poverty
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