Think income inequality is bad? Retirement inequality may be worse., By Mike Maciag, March 2018, Governing: “For years, salon owner Luke Huffstutter, of Portland, Ore., wanted to offer his employees a way to save for retirement. Costs were too steep for the small company, though, and few employees took the initiative to set up 401(k) plans on their own. But last summer, Oregon launched a retirement savings program that automatically enrolls employees in Roth IRAs, the first such state-sponsored program in the nation. Huffstutter signed up, and most of his 38 employees are now enrolled…”
Tag: Low-wage work
Minimum Wage – St. Paul, MN
As St. Paul considers a minimum wage increase, some want to exempt youth workers, By Frederick Melo, February 16, 2018, Twin Cities Pioneer Press: “Cookie Cart produces more than just delicious snickerdoodle, chocolate chip and hand-decorated cookies. The Minneapolis-based nonprofit also claims to ‘bake bright futures’ by training low-income teenagers in every aspect of the business, from marketing to distribution, on top of soft skills such as business etiquette and résumé-building…”
Minimum Wage
After nine years of no change, is the federal minimum wage irrelevant?, By Jana Kasperkevic, January 15, 2018, Marketplace: “If President Donald Trump does not increase the federal minimum wage within the next two years, it will be more than ten years since its last increase — the longest that the federal minimum wage has remained unchanged since it was enacted. With the federal minimum wage stuck at $7.25, states and cities across the U.S. have increased their local minimum wages instead — some going as far as more than doubling the amount to $15 an hour…”