(AlterNet) — There are lots of thieves in this country, as in any country. But no thieves anywhere are more blatant than the U.S. employers who steal millions of dollars from their own employees — often right out in the open, unchallenged. It’s called “wage theft,” and it happens everywhere. The cheating bosses don’t take […]
(AJC) — By 11 a.m. Wednesday 40 people in Norcross had signed up to interview for five jobs paying as little as $8 an hour without benefits. Their desire for low-paying, previously outsourced customer service work speaks volumes about Georgia’s economy, the future of employment in the United States and the seismic changes underway in […]
(Washington Informer) — Montgomery County’s top administrator banks a higher salary than the vice president of the United States. Ditto for Fairfax County’s executive. And the District’s police chief is paid more than the chief justice of the U.S. Supreme Court and speaker of the House. Dozens of local officials earn better wages than the […]
(Entrepreneur) — You’re the business owner and you set the budget, so the size of your paycheck is entirely up to you. But while the freedom of setting your own salary sounds great in theory, in practice most business owners find it a tough call. Should you pay yourself what you need to cover expenses? […]
(Black Enterprise) — Just a few years ago, it was pretty standard practice for companies to dole out holiday bonuses and throw parties for their employees, but as we fell deeper into the grips of a recession, most of those end-of-the-year perks all but disappeared. Economically, 2009 was a particularly tough year with layoffs and cutbacks […]
(New York Times) — Gov. David A. Paterson signed into law some of the nation’s strongest protections against wage theft on Monday, after months of lobbying by immigrants’ advocates and labor unions that said New York lagged behind other states on the issue. The law, which takes effect in April, will quadruple the penalties for employers […]
(New York Times) — A bad economy may actually be a good time to ask for a raise, at least according to a number of articles and blog posts. Still, there are certain situations where you may want to refrain from asking. While a downturn may seem a bad time to ask for a raise, those […]
(Businessweek) — Ever since the dot-com bust, and particularly after the financial meltdown that began in 2008, all anyone in business schools seems to talk about is whether or not the MBA is still a relevant and practical degree. Do people need MBAs—particularly degrees from elite b-schools—to become successful chief executive officers with hefty paychecks? Exclusive […]
(Wall Street Journal) — President Barack Obama on Monday proposed a two-year salary freeze for all federal civilian employees, signaling an apparent willingness to reach toward Republicans ahead of negotiations on deficit-cutting that are likely to dominate Washington next year. The freeze, which would require congressional approval, would affect about two million workers in 2011 […]
(Wall Street Journal) — After a landmark legal settlement was reached earlier this month for people with 9/11-related health problems, some Ground Zero workers may be down to their last chance to get help with their bills if they get sick: a compensation bill in Congress. The settlement—which could direct as much as $815 million […]
(AJC) — The revelation that Clark Atlanta University paid its former president more than $1 million the year he retired shocked and angered faculty and many alumni, but the chairwoman of the university’s board of trustees says it was a good deal for the financially struggling school. In his final year at Clark Atlanta, 2008, […]
(Crain’s) — Fueled by steep increases in securities industry payouts, the average weekly wage in Manhattan jumped 11.9% in the first quarter of 2010 over the year-earlier period, the biggest gain in any large county in the nation, new federal data show. In Manhattan, the average weekly wage was up $255 to $2,404, which is […]