In 1989, when baby boomers were around the same age, they controlled almost five times as much wealth as millennial do today.
Covid-19 has exacerbated inequality in the U.S., with job losses falling heavily on low-wage service workers
The National Women’s Law Center crunched these numbers based on the month’s jobs report from the Bureau of Labor Statistics. And it’s not difficult to speculate about the cause of this gigantic disparity. Child Care.
The pandemic in the first six months of this year fueled uncertainty for retailers and accelerated existing trends, according to BDO’s biannual bankruptcy update.
As wage growth stalled for 90% of workers, the average incomes of the top one percent increased at a whopping 300% of the rate of economic growth.
Millions of people whose employment has been disrupted by the coronavirus pandemic are set to lose the benefits, which in many cases have been a crucial lifeline.
Florida’s largest teachers union filed a lawsuit against the state government this week. Rank and file in unions in LA and Chicago are also strongly against premature physical opening.
A new survey by the International Trade Union Confederation finds that the U.S. ranks at the bottom of the list for worker’s rights among developed economies.
Labor violations are also at a seven year high globally, the ITUC finds.
A new report by the Institute for Policy Studies (IPS) has found that US billionaire’s wealth as a group has increased by over half a trillion dollars.
This figure represents a 19% increase over the period since March.
New startling data reveal than just 29% of the unemployed in the U.S. received benefits in the month of March. Payment rates varied among states. In the worst state, Florida, only 7.6% of claimants received benefits.