Last fall, voters in SeaTac, Wash., narrowly approved a ballot initiative to increase the minimum wage to $15 an hour. But nearly 5,000 airport workers still aren’t receiving that higher wage because Alaska Airlines has challenged the initiative in court. Continue reading
Could a guaranteed basic income give rise to another band like the Beatles? Or support a scientific breakthrough like the light bulb? Occupy activist David Graeber thinks a lump sum basic income would liberate workers to do the work they want to do. And that would benefit all of society. Continue reading
A 2015 Ford Mustang sits atop the observation deck of New York’s Empire State Building Wednesday in celebration of the sports car’s 50th birthday. The automobile was brought up in separate parts and assembled atop the skyscraper, where it will stay on display for a couple of days.
What rankles conservatives and liberals about the current welfare system? It’s a large bureaucracy, and some say, it doesn’t respect poor people’s ability to make their own decisions. The basic income, however, would give everyone a lump sum, and as this conservative sees it, replace all other targeted welfare programs. Continue reading
Consumer prices in the U.S. ticked upward this March, climbing more than expected as Americans paid slightly more for food and rental housing. The hike suggests improving consumer demand, and may alleviate concerns among some Federal Reserve officials over too-low … Continue reading
Loyalty between employers and employees goes both ways, so if your employer isn’t compensating you fairly, leave. Don’t be the only one holding yourself back from moving on to new opportunities, says headhunter Nick Corcodilos. Continue reading
Use our interactive to get an idea of how income and social safety-type taxes are factored into your paycheck, and how you’d fare if the U.S. had a wage tax structure similar to other developed nations.
Social Security has no idea who’s in your family. It’s important to tell them to whom you are or are no longer married so you don’t lose out on any benefits, or likewise, don’t receive benefits for which you’re not eligible and have to pay them back later. Continue reading
Thursday marked the single worst day for the Nasdaq since 2011. The once high-flying biotech and Internet shares tumbled, pulling the index below 4000 for the first time since Feb. 3. Hari Sreenivasan talks to Hugh Johnson of Hugh Johnson Advisors about what’s behind investors’ jitters and why tech and biotech tend to be more volatile than other stocks. Continue reading
Liberal economist Barbara Bergmann opposes the basic income for all the reasons libertarian economist Charles Murray supports it. Instead of replacing public assistance with a minimum income, she would prefer beefing up existing social welfare programs to be more like Sweden, which has universal childcare. Continue reading