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Wages

A Tale Of Two Retirements

By Scott Klinger and Sarah Anderson for IPS - This report, co-published by the Institute for Policy Studies and the Center for Effective Government, is the first to provide detailed statistics on the staggering gap between the retirement assets of Fortune 500 CEOs and the rest of America. Key findings: The company-sponsored retirement assets of just 100 CEOs add up to as much as the entire retirement account savings of 41% of American families (50 million families in total). The 100 largest CEO retirement accounts are worth an average of more than $49.3 million—enough to generate a $277,686 monthly retirement check for each executive for the rest of their lives.

Social Injustice Done To Adjunct Faculty: Call To Action

By Randall B. Smith in The Public Discourse. Houston, TX - It’s August, and many of America’s teens are headed back to college. This means that not a few parents will be left with that empty feeling in the pit of their stomach—not only because their beloved children are leaving the nest but because the bills to pay for their children's new college homes are coming due. According to the College Board, tuition, fees, room and board in private four-year universities last year averaged $42,419. That was up $1,464 from the previous year. Was your pay raise that high? Parents might be left wondering where all the money goes. Are all these faculty members getting rich?

Wages Decline Especially For Low Wage Workers

By Claire McKenna and Irene Tung for the National Employment Law Project - On this Labor Day 2015, underlying weaknesses persist in the labor market, as evidenced by the historically low employment rate of prime-age workers and the stubbornly high number of individuals unemployed for longer than six months. The “real” unemployment rate—which includes those working part time who want full-time work, and those who have stopped searching but if offered a job would take it—remains in excess of 10 percent. Taking into account cost-of-living increases since the recession officially ended in 2009, wages have actually declined for most U.S. workers, continuing a decades long stagnation of wages.

Uber’s Attempts To Silence Drivers May Have Backfired

By Clark Taylor in In These Times. Much has been made over how Uber, the car service that enables users to hail a car within minutes of pressing a few keys on their smartphones, is jumpstarting the “gig-economy.” Frequently lost amid the discussion over disrupting existing industries, however, is the fact that workers in this new economy often get the short-shrift. That fact was made extremely evident in a recent order against the company written by U.S. District Judge Edward M. Chen in which he found that the terms Uber imposes upon its drivers as a condition of driving for the company, including a forced arbitration clause, are unconscionable and unenforceable under California law. In plain English, he ruled that the provisions were so unfair and one-sided in favor of Uber that they could not be enforced in a court of law.

McDonalds Faces First Hearing On Race To The Bottom

By Fight for Fifteen. São Paulo and Brasília, Brazil – The Brazilian Federal Senate will hold an unprecedented hearing Thursday on McDonald’s role in driving a global race to the bottom, placing the fast-food giant under the microscope in one of its most important markets overseas, and marking a major escalation of the global effort to hold McDonald’s accountable for its mistreatment of workers and bad corporate citizenship. Workers from five continents, elected officials, and labor leaders from around the world will deliver in-depth testimony on how McDonald’s business model is harming workers, consumers, governments, suppliers, and competitors.

Faculty Join Fast Food in the Fight for $15

Higher education institutions in the United States employ more than a million adjunct professors. This new faculty majority, about 70 percent of the faculty workforce, is doing the heavy lifting of academic instruction. These are positions with tenuous job security (often semester-by-semester), sparse instructional resources, limited academic freedom, and meager wages—the average working adjunct makes around $3,000 per three-credit course. An astounding 20 percent of part-time adjunct faculty rely on government assistance, according to a recent report from NBC News. That is to say, many faculty in the United States are among the ranks of low-wage workers. From Seattle University in Washington and the University of Southern California, to schools in Chicago and North Carolina, adjuncts made it clear yesterday that they are fed up with their second-tier status. This isn’t the first mass mobilization of adjuncts either. Adjuncts across the country participated in a National Adjunct Walkout Day back in February.

Newsletter – We Demand Accountability

On Tax Day, April 15, 61 year old Doug Hughes, a mailman from Florida, landed a gyrocopter on the Capitol lawn to deliver 535 letters to members of Congress in order “to spotlight corruption of Congress and to present a solution to legalized bribery.” Hughes told the Tampa Bay News that "I'd rather die in the flight than live to be 80 years old and see this country fall." He has been released on bond with home detention and returns to court on May 8th to face charges of operating an unregistered aircraft and violating restricted airspace, facing a total of four years incarceration. On Saturday, April 11, 22 year old Leo Thornton shot and killed himself in front of the Capitol. He had a sign taped to his hand that read, “Tax the 1%.” The media ignored him, some called him an extremist and did not report his "radical" message of fair taxes. Protests by individuals and groups become impactful when they ignite others to join, to mobilize in support of the call. We urge you to support protests by participating, spreading the word and mobilizing in whatever way you can.

Fast Track Not A Done Deal, The People Will Stop It

The corporate media is reporting that since the Republican leadership and President Obama support Fast Track trade authority, it is a done deal. And that message, also heard by countries negotiating the Trans-Pacific Partnership (TPP), is driving the race to finalize that agreement. The truth is: Fast Track is not a done deal. There is bi-partisan opposition in Congress and a large movement of movements organized to stop it. Members of both parties know that Obama will be out of office when the negative impacts of these trade agreements are felt. Congress will be alone facing an angry electorate while Obama is raising money for his post-presidential career from the transnational corporations who get rich off these agreements at the expense of everyone else. Members of both parties know that Obama will be out of office when the negative impacts of these trade agreements are felt. Congress will be alone facing an angry electorate while Obama is raising money for his post-presidential career from the transnational corporations who get rich off these agreements at the expense of everyone else.

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