Are Indiana’s corporate executives overpaid? A new report from the AFL-CIO finds that CEOs of Indiana companies in the S&P 500 index earned more than 306 times the amount of the average Hoosier worker in 2014. Corporate CEOs earned $12,556,710 on average compared to just $41,033 for the average worker. The report is part of…
All of us would like to live in a world where people always do the right thing — without anybody looking over their shoulder. But that world doesn’t exist and never will. So every society on our planet has penalties. You break the rules, you pay a price. But penalties only work if the wrongdoer…
Nearly a half million workers in the United States will see a pay increase in April. Walmart, the world’s largest retailer, announced today that it was raising the base pay of its current and future employees to $9 an hour, a full $1.75 above the current national minimum wage. According to the company: Approximately 500,000…
The gulf between rich and poor people in America has hit a new record. An analysis released Wednesday by Pew Research Center finds that the wealth gap between the top 21 percent of families and everyone else is the widest since the Federal Reserve began collecting such income data 30 years ago. Last year, the…
While wages have declined across all sectors in the years following the financial crash of 2008, low-paid workers have been hit the hardest, the National Employment Law Project (NELP) reported this week. NELP analyzed five groups of median wages in its report, titled An Unbalanced Recovery: Real Wage and Job Growth Trends. Since 2009, while…
Increasing income inequality is hindering U.S. economic growth and weakening the country’s ability to recover from the Great Recession, according to a new analysis by the financial services agency Standard & Poor’s. The report released Tuesday incorporates data from the Organisation for Economic Cooperation and Development (OECD), the Congressional Budget Office (CBO), and the International…