Almost a quarter of the votes in the last US presidential election were cast by women without spouses, up three points from just four years earlier. They are almost 40% of the African-American population, close to 30% of the Latino population, and about a third of all young voters. The most powerful voter this year is The Single American Woman.
The top 25 hedge fund managers earn more than all kindergarten teachers in U.S. combined. "'Last year turned out to be the worst one for this elite group of investors since the stock market meltdown of 2008,' Institutional Investors' Stephen Taub writes, adding, 'How bad was it?' apparently without irony." [more inside]
Last night at the Oscars, Patricia Arquette, after making an impassioned statement about wage equity for women during her speech, said, backstage, "The truth is: even though we sort of feel like we have equal rights in America, right under the surface, there are huge issues that are applied that really do affect women," she mused. "And it's time for all the women in America and all the men that love women, and all the gay people, and all the people of color that we've all fought for to fight for us now." [more inside]
Can you live on the minimum wage? NYTimes.com has provided you with a handy calculator to find out.
BBC: Some 70% of Swiss voters appear to have supported plans to give shareholders a veto on compensation and ban big payouts for new and departing managers, projected referendum results suggest. One of the organisers of the referendum, Brigitte Moser Harder, told the BBC she thought the Swiss people agreed with the proposals because the gap between rich and poor had become wider. "From the beginning, 2006, we had the support of the people of Switzerland because you know not everybody in Switzerland is rich." [more inside]
The housing bubble was the last chance most middle-class families saw for grasping the brass ring. Working hard didn’t pay off. Investing in the stock market was a sucker’s bet. But the housing bubble allowed middle-class families to dream again and more importantly to keep spending as if they were getting a big fat raise every year. - How the Bubble Destroyed the Middle Class
Today Kansas became one step closer to raising its state minimum wage and shedding its embarrassing position as lowest set state minimum wage in the nation at $2.65 per hour. (Kansas minimum wage is lower than Puerto Rico, Guam, and the Virgin Islands, though 5 states currently have no minimum wage whatsoever.) The Kansas Department of Labor estimates that over 20,000 Kansans earn less than the federal minimum wage. After passing the Kansas Senate by a vote of 33-7, will the Speaker of the House allow a vote on Senate Bill 160?
Do Women and Men Earn Equal Pay in 2007? Are women truly earning 77 cents for every dollar that men earn in the same jobs, as some activists, including restaurant owners in Oregon, claim? Or are women earning 23 cents less on the dollar based on total income because men traditionally spend more time on the workplace during their lives, relocate more often for jobs and accept dangerous jobs that pay more? That's one man's take on it.
Minimum wage is San Fransisco is now $8.50. Minimum wage in New York City is $5.15 per hour. Minimum wages from around the United States.
Play the Minimum Wage Game. Educational Friday Flash Fun. Well, sorta.
Do short men get short-changed? Any real life experiences to back up or refute this study? I found this very interesting: "If a teenage sense of social exclusion influences future earnings, it may have great implications for youngsters from minority groups."
The Harvard Living Wage Campaign has been sitting in blocking the administration building for 8 days, 8 hours, and 58 minutes. They've been nytimesed and you'd think the college would have to listen to Ben Affleck (and Ted Kennedey and 200 faculty and...).