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News & Information
News & Information
June 24, 2015 The middle class is struggling to make the rentSource: CNN Money
One in five renter households making $45,000-$75,000 a year are considered "cost-burdened," meaning they spend more than 30% of their income on rent, according to Harvard's State of the Nation's Housing 2015 report.
Source: The Economic Times
NEW YORK : Ikea's US division is raising the minimum wage for the second year in a row as the Swedish ready-to-assemble furniture chain looks to improve its relations with workers and reduce worker turnover.
June 22, 2015 Top U.S. CEOs make 300 times what workers earnSource: CBS MoneyWatch
How do you value the efforts of America's top chief executives? Are they worth 10 times what their average worker makes, 20 times or even 100 times?
Source: The Motley Fool
It's been the same song and dance for Caterpillar (NYSE: CAT ) and its shareholders over the last couple of years: annual declines in revenue and operating profits, accompanies by a stock price stuck in neutral. In 2012,...
June 12, 2015 Americans’ Net Worth Reaches High of $84.9 TrillionSource: Wall Street Journal
Americans’ combined wealth set a fresh record in the first quarter amid rising home values and stock prices, a trend that could prop up economic growth, though consumers also showed some caution when borrowing in a sluggish...
June 11, 2015 $15-an-hour minimum wage passed in L.A.Source: News 10 Tampa Bay
LOS ANGELES – The Los Angeles City Council Wednesday approved a 66% hike in the minimum wage to $15 an hour, a widely watched move by companies already fearing a upward trend in labor costs.
June 3, 2015 Look who's joined Buffett-Gates Giving PledgeSource: CNBC
Ten more billionaires have signed on to the Giving Pledge, which enters its fifth year. The effort, started by Warren Buffett and Bill and Melinda Gates, encourages billionaires to give the majority of their wealth to...
Source: CTV News
NEW YORK -- Wal-Mart is raising starting wages for more than 100,000 U.S. department managers and workers in its deli and other specialized departments.
Source: Wall Street Journal
Two-fifths of the population of developed countries have gained little over recent decades, driving a rise in income inequality that is damaging economic growth and that can only be reversed through a wide range of government...
Source: LA Times
The Los Angeles City Council on Tuesday backed a plan to raise the city’s minimum wage to $15 per hour, joining a trend sweeping cities across the country as elected leaders seek to boost stagnating pay for workers on the lowest...
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