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Report: 1 out of 4 New Jersey residents would benefit from a higher minimum wage

From New Jersey Policy Perspective:

“Increasing New Jersey’s minimum wage to $15 an hour by 2021 would directly boost the pay of about 1 in 4 Garden State workers, or 975,000 men and women. The wage increase would help a diverse group of workers who currently aren’t paid enough to make ends meet, improving their chances of getting by – and, often, providing for their families – in high-cost New Jersey.”

 

See the complete report here.

By |March 24th, 2016|Legislation|Comments Off on Report: 1 out of 4 New Jersey residents would benefit from a higher minimum wage

Forbes – Wall Street Bonuses More Than Total Earnings of Minimum Wage Earners

Read the article here.

By |March 16th, 2016|News Coverage|Comments Off on Forbes – Wall Street Bonuses More Than Total Earnings of Minimum Wage Earners

UC Berkeley – Positive Benefits to a $15 Minimum Wage in New York State

From the Institute for Research on Labor and Employment:

“Our results indicate that a $15 statewide minimum wage would generate a 23.4 percent average wage increase for 3.16 million workers in the state. This improvement in living standards would greatly outweigh the small effect on employment. And the increase in wages would help reverse decades of wage declines for low-paid workers. How can such a major improvement in living standards occur without adverse employment effects? While a higher minimum wage induces some automation, as well as increased worker productivity and higher prices, it simultaneously increases worker purchasing power. In the end, the costs of the minimum wage will be borne by turnover reductions, productivity increases and modest price increases.”

 

Full report available here

By |March 16th, 2016|Resources|Comments Off on UC Berkeley – Positive Benefits to a $15 Minimum Wage in New York State

The Root – Why We Need to Raise the Minimum Wage to $15

“Anyone who has struggled with poverty knows how extremely expensive it is to be poor.” — James Baldwin

I’m not poor, but I’m not rich; according to my W2, I’m middle-class. I’ve never had sleep for dinner, but I’m very familiar with poverty because I’ve witnessed it firsthand. In my neighborhood, nobody was “fly on your eyeball, too weak to blink, dying of starvation, Save the Children poor,” but there were a lot of third-time hand-me-downs and kids rocking with Sega Genesis and Super Nintendo well after the first PlayStation was on the market. I’m not making this plea for myself, but instead for the families that have to postpone Christmas until tax time, and the folks working two jobs just to keep the lights on, instead of those trying to keep up with the Joneses.

What’s the plea? The minimum wage needs to be raised to $15.

First, let’s start with a little history. The Fair Labor Standards Act of 1938, drafted by Alabama Sen. Hugo Black, established the national minimum wage of 40 cents per hour, time and a half for overtime, and the standard 40-hour workweek; it also prohibited child labor that could be deemed oppressive. This was a big deal because it was the beginning of the nation’s financial rebound that President Herbert Hoover failed to deliver with his “a chicken in every pot and a car in every garage” spiel. The FLSA actually ended sweatshop labor in the United States. (Before women and children in Taiwan were whipping up shirts in dimly lit warehouses, women and children were doing it in dimly lit warehouses in Brooklyn.) The purpose of creating a minimum wage was to put an end to unfair wage practices, and […]

By |February 1st, 2016|News Coverage|Comments Off on The Root – Why We Need to Raise the Minimum Wage to $15

Ralph Nader – Big Crony CEO Pay Grab–Effects Beyond Greed!

As the New Year gets underway, the highest-paid CEOs of many large corporations have already paid themselves more than the average worker will earn in the entire year! By the end of the first week of January, the highest-paid CEOs had already made as much as their average workers will earn over 8 years.

An analysis by Equilar, a consulting firm specializing in executive pay, found that on average, the 200 highest-paid CEOs make approximately $22.6 million a year, or almost $10,800 an hour, a 9.1% increase from the previous year. Meanwhile, the Census Bureau reports the average household earns approximately $53,000 a year.

Over the past fifty years, the pay gap between many highly-paid CEOs and their employees has increased dramatically. In 1965, when they also liked to be rich, CEOs made approximately twenty times as much as their average employee, meaning they would earn their workers’ average pay by the third week of January, and since the 1980s, the average difference and greed have increased. Highly-paid CEOs now make 303 times as much as their employees in a year, according to a study by the Economic Policy Institute.

Equilar notes that Discovery Communications CEO David Zaslav makes $156.1 million a year ($74,796.36 an hour), or approximately 1,951 times as much as his average employee. Doug McMillan, the CEO of Wal-Mart takes in $25.6 million ($12,266.41 an hour), 1,133 times as much as the average experienced store associate, who earns roughly $22,000. Other highly-paid CEOs include Larry Merlo, the CEO of CVS Caremark, who makes 422 times as much as CVS employee, meaning that he earns an average worker’s yearly pay by 1 PM on his first work day of the new year; and Goodyear CEO Richard […]

By |January 29th, 2016|News Coverage|Comments Off on Ralph Nader – Big Crony CEO Pay Grab–Effects Beyond Greed!

PRESIDENTIAL CANDIDATES: RELEASE YOUR TAX RETURNS

FOR IMMEDIATE RELEASE

Contact: Frank Garvey,
Time for a Raise Campaign
202-387-8030
[email protected]

 

Washington- January 18, 2016 – Today, Frank Garvey, organizer for Time for a Raise, called on the 2016 candidates who have not released their income tax returns to do so before the Iowa Caucuses On February 1st, 2016.

All the Democratic candidates have released their tax returns, but only approximately half of the Republicans have released some of their returns. While Jeb Bush, Chris Christie and Carly Fiorina have released all of their most recent returns, Marco Rubio, Ted Cruz, John Kasich and Rick Santorum have only released partial tax returns, and none from the past four years.

Five Republicans, Ben Carson, Jim Gilmore, Mike Huckabee, Rand Paul and current front-runner Donald Trump have not released any of their tax returns.

Tax returns are vital to showing the financial entanglements of the presidential candidates, as well as their financial investments. This is especially important as many of the GOP candidates propose policies that will destroy the social safety net for working families.

Ben Carson has announced a 14.9% flat tax plan that would hike taxes for the nation’s most vulnerable.

Rand Paul’s plan would similarly institute a 15% flat tax.

Donald Trump’s tax plan would cut the tax rate for the wealthiest Americans from 39.6% to 15%. Don’t the American people deserve to know how much Mr. Trump stands to gain from his own economic policies?

Mike Huckabee has proposed abolishing the IRS in favor of a National Sales Tax, which would disproportionately hurt lower-class families.

Jim Gilmore wants to cut the tax burden for the wealthiest Americans down from 39.6% to 25%.

All of the candidates who haven’t released their tax returns have proposed plans that would adversely affect the working class. None of these […]

By |January 18th, 2016|Press|Comments Off on PRESIDENTIAL CANDIDATES: RELEASE YOUR TAX RETURNS