Showing posts with label wages. Show all posts
Showing posts with label wages. Show all posts

Wednesday, June 22, 2016

Bernie Sanders pays his interns only $12 an hour.

I thought $15 was the Socialist living wage.

Via Free Beacon:
Bernie Sanders encouraged millennials to apply for a Senate internship with his office this fall, offering a $12 per hour stipend, an amount that falls below his demands for a $15 minimum wage.
Roll Call reported Tuesday that Twitter users were quick to criticize the Vermont senator for paying interns below what he called a “living wage.”
Sanders has repeatedly condemned Hillary Clinton for favoring a $12-an-hour federal minimum minimum wage, claiming at an April Democratic presidential debate that the rate is “not good enough.”
He said the rate must be raised to $15 per hour to provide workers with a “living wage,” despite paying his interns and campaign staff less.
Still, Sanders is the only presidential candidate among the initial sixteen contenders who pays interns.
Clinton relies on free labor for her campaign internships, though she established a paid fellowship last year after The Guardian reported she had brought on experienced organizers as unpaid interns.

Wednesday, September 23, 2015

Health Insurance Deductibles Rising Faster Than Wages...

The cost curve was not bent down. that was another lie. 

Via NY Times:
It may not seem like much — just an extra hundred dollars or so a year.
But the steady upward creep in health insurance deductibles has easily outpaced the average increase in a worker’s wages over the last five years, according to a new analysis released on Tuesday by the Kaiser Family Foundation.
Kaiser, a health policy research group that conducts a yearly survey of employer health benefits, calculates that deductibles have risen more than six times faster than workers’ earnings since 2010.
Keep on reading…

Sunday, August 2, 2015

Stagnation: Workers get only 0.2% pay increase in 1st Quarter...

Obama has increased food stamp users, free or subsidized healthcare beneficiaries and people collecting disability. The wealthy are doing very well with the gains in the stock markets and the recovery of real estate prices. The middle class is dying. They face stagnant wages, higher taxes and higher prices on food, electricity, health insurance, travel and many other common purchases. 
Signs of a nascent pickup in U.S. worker pay proved fleeting as wages and salaries climbed in the second quarter at the slowest pace on record.
The 0.2 percent advance was the smallest in data going back to 1982 and followed a 0.7 percent increase in the first quarter, the Labor Department said Friday. In the 12 months ended June, wages and salaries were up 2.1 percent compared with a 2.6 percent year-over-year gain in the first quarter.
The yield on Treasury securities sank as the figures tempered expectations a firming job market would prompt the Federal Reserve to raise interest rates as early as September. While Chair Janet Yellen has said wages alone won’t determine policy, the unexpected slowdown means there will be even more riding on employment and growth data in coming months to bolster the case for tightening in the second half of the year.

Wednesday, February 5, 2014

CBO Chief says Obamacare will lower wages too...



Congressional Budget Office (CBO) Director Douglas Elmendorf:
“We expect as other analysts believe that over time costs that employers bare for their employees end up being borne by the employee in the form of lower wages.”

Wednesday, October 14, 2009

Confirmed: Baucus Bill Will Reduce Wages

The Joint Congressional Committee on Taxation has come to a shocking conclusion about the excise tax in the Baucus plan. The tax will raise prices for insurance policies and depress wages as a result.

From Hot Air:
The Joint Congressional Committee on Taxation has analyzed the excise tax in the Baucus plan and come to the logical conclusion that it will raise prices for insurance policies. In two letters issued yesterday, the JCT acknowledged that the increased premium costs for health-insurance plans that qualify for the excise tax will increase costs to employers offering them, depressing wages directly or indirectly as a result, depending on whether they impose the total cost increase on employees. The second letter demonstrates that the effect of the Baucus plan and its disappearing subsidies on lower-income workers is to force them into a higher tax bracket, disincentivizing gains in employment.


First, let’s look at the impact the Baucus plan has on effective marginal tax rates for Americans:


More here.