Tag Archives: Labor economics

McDonald’s will raise Pay for US Employees on 1st July

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McDonald’s Corporation has decided to raise the wages of its employees by more than 10%. However this raise is only for the U.S restaurants and not the franchises. This comes due to the rising wage...

U.S. private sector creates 230,000 jobs in October

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The private sector in the US has contributed about 230,000 jobs in the month of October and this number has gone up to the most since June and has even surpassed the expectations of the economists....

Unemployment Extension Parleys between Perez and Boehner

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Unemployment extension stalled in the House. The labor secretary, Thomas E. Perez, sent a missive to the speaker John A. Boehner, regarding job creation tactics. The speaker was prodded to act on the...

Unemployment Benefits Extension to be Delayed

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The unemployment benefits deal could be delayed by months thanks to bureaucratic rigmarole. At least this was the warning given by the governmental unemployment officials. The procrastination could...

Gap Hourly Wage Rate Increased

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Gap, the owner of Banana Republic and Old Navy, has announced that it will increase its hourly wage rate to $9. And next year this will reach the $10 level. The head of the company explained this...

Silicon Valley Revitalized

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Silicon Valley booming with higher incomes, housing prices, but middle class, poor left behind SAN JOSE, Calif. (AP) — Jobs, income and investment keep soaring in Silicon Valley, but the growth is...

Unemployment Extension 2014 on Trial

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Many needy Americans, as many as 1.3 million, lost the right to unemployment wages over the Christmas holidays. But now a renewal of this for at least three months is the talk of the town. President...
    






Jobs With Justice: New Campaigns Take Aim At Low Wages, Working Poor, Falling Middle Class

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The organized labor movement is changing, reflecting two large-scale trends. On the one hand, union membership – once 35 percent of the U.S. workforce in the 1950s – is at its lowest point in more...
    






Paul Krugman’s Excellent Point About Uber’s Surge Pricing

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Paul Krugman is using Uber’s surge pricing as an example, as something to bolster a core part of the Keynesian economic model. But that’s fine for he’s doing it really rather well. The basic point is...