According to a new report from the National Employment Law - TopicsExpress



          

According to a new report from the National Employment Law Project, most of the jobs created in this recovery are low-wage. Higher-wage industries (accounting, legal work, etc.) shed 3.6 million positions during the recession and have added back only 2.6 million positions since then. But lower-wage industries (fast rood, retailing, etc.) lost 2 million jobs in the recession, and have added a whopping 3.8 million since. We’re becoming a two-tiered workforce comprising a few high-flying executives and a growing number of low-wage service workers. What to do? (1) Raise the minimum wage (at least to $10.10 an hour, as Democrats are pushing for – although I’d go for $15); (2) expand the Earned Income Tax Credit to $6,000 at its peak, and extend the phase-out to $40,000; (3) exempt the first $15,000 of income from Social Security payroll taxes and make up the shortfall by taking the cap off income subject to the tax; (4) provide childcare and paid family and medical leave to all low-wage workers; and (5) unionize low-wage workers at fast-food chains (e.g., McDonalds) and big-box retailers (Walmart), so they have more bargaining power. You agree?
Posted on: Mon, 28 Apr 2014 17:07:56 +0000

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