Wage growth remains high, jobs are steady and inflation is falling so why are people worried?
Economists have been predicting a recession for months, but the labor market has remained resilient, wage growth is higher than before the pandemic, and inflation continues to drop, now at 4% compared to 9.1% in June of last year. Despite this good news, consumers don’t feel confident about the future, according to the consumer confidence […]
Bernie Sanders unveils push for $17-an-hour federal minimum wage, citing state increases
WASHINGTON — U.S. Sen. Bernie Sanders on Thursday announced Democrats’ plans to mark up legislation to increase the federal minimum wage to $17 an hour, pointing to an increase in the cost of living. Outside the U.S. Capitol, Sanders, a Vermont independent and chairman of the Health, Education, Labor and Pensions Committee, said the panel […]
Kids at work: States try to ease child labor laws at behest of industry
WASHINGTON — Lawmakers in 11 states have either passed or introduced laws to roll back child labor laws — a push that’s come from industry trade organizations and mostly conservative legislators as businesses scramble for low-wage workers. In the past two years, those states have moved to extend working hours for children, eliminate work permit […]