The new low-wage reality for older Americans, By Aimee Picchi, November 8, 2016, CBS News: “Thanks to economic instability and an eroding pension system, Americans are working longer than ever. But it turns out there’s a twist in how they’re working: New research shows workers older than 55 increasingly hold low-wage jobs. The findings may add to the anxiety that haunts many workers about how — or if — they’ll have the financial resources to retire. In September, slightly more than 27 percent of full-time workers over 55 years old held low-wage jobs, compared with 19 percent of younger workers, according to Teresa Ghilarducci, professor of economics at The New School for Social Research…”
Category: Employment
State Minimum Wages
- Minimum wage boosts: Did low-income workers win?, By Amanda Hoover, November 9, 2016, Christian Science Monitor: “Workers in several more states will receive a pay raise thanks to a handful of successful ballot measures seeking to raise the minimum wage. Voters in four states chose to raise the minimum wage to $12 an hour or higher by 2020, joining a growing number of states and cities that have announced wage hikes in the past few years as a tactic to boost the economy and close the growing income gap. As the slogan ‘Fight for $15’ has gained ground and shed light on the millions of people making minimum wage rates that are frequently not enough to support a family, more advocates are stepping forward to lead their own movements…”
- Four states ok minimum wage hikes to at least $12, By Kevin McCoy, November 9, 2016, USA Today: “The lowest-paid hourly workers in four states won a boost in their minimum wage to at least $12-an-hour in Tuesday’s election. Voters in Arizona, Colorado, Maine and Washington approved increases in their states’ respective hourly pay rates to at least $12 by 2020, according to late election results compiled by the Associated Press and Ballotpedia, a non-partisan online encyclopedia of elections and politics…”
October 2016 US Unemployment Rate
Final jobs report before election shows promising wage growth, By Don Lee, November 4, 2016, Los Angeles Times: “The last monthly jobs report before Tuesday’s presidential election offered some encouraging news for workers: Job growth remains steady and pay is rising at a faster rate. Employers in October added 161,000 jobs, a little less than analysts’ average forecast but still a solid pace consistent with a healthy labor market. That’s more than enough to absorb new entrants to the workforce and keep the jobless rate from rising…”