The nation’s largest private employer, Walmart, announced on Thursday that they will be raising their minimum wage to at least $9 an hour, according to the Associated Press. Continue reading
Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here’s Wednesday’s query: Name: Alex Question: Maybe it’s my background as a college instructor (and union member), but … Continue reading
With all the strife over public sector unions, including irate e-mails in response to our pension coverage on the program, we thought we’d lighten the mood today by sharing some recent political cartoons.
Unemployment rose little in November, with the official rate edging up slightly from 9.6 percent to 9.8 percent. The government’s broadest measure of unemployment stayed steady at 17 percent. This figure includes the unemployed plus all who are only marginally … Continue reading
Question: During a recent story about the demise of the auto industry, there was clip of a Model T Ford driving through the Ford Museum. The narration made the point that one of the things that made Henry Ford successful … Continue reading
Robert Frank: A British reader posted the following query on my UK publisher’s web site: “Why do tube drivers get paid so much more than bus drivers?” An American economist trying to field questions about markets in the UK operates … Continue reading
Paul Solman examines how the number of jobless people who fall outside of official unemployment counts offer a different picture of the nation’s economic recovery. Continue reading
Paul Solman reports from Detroit on how General Motors’ bankruptcy filing may impact different company stakeholders — from union members to bondholders to car dealers — and explains why the company chose reorganization over liquidation. Continue reading