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Contents contributed and discussions participated by sari lakis

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sari lakis

260,000 graduates in minimum wage jobs - Mar. 31, 2014 - 1 views

money.cnn.com/...index.html

shared by sari lakis on 15 Apr 14 - No Cached
  • About 260,000 people who had a college or professional degree made at or below the federal minimum wage of $7.25 per hour last year,
  • - it's the smallest number since 2008. The worst year was 2010, when the number skyrocketed to 327,000.
  • the number of workers with college degrees is still more than double what it was in 2005,
  • ...7 more annotations...
  • Experts point to shifts in the post-recession labor market as the reason for so many college graduates in low-paying jobs.
  • Some 58% of the jobs created during the recent economic recovery have been low-wage positions like retail and food prep workers,
  • These low-wage jobs had a median hourly wage of $13.83 or less.
  • median household income has also dropped by more than $4,000 since 2000
  • And fast food worker Bobby Bingham, who got a bachelor's degree from University of Missouri in Kansas City, works four part-time low-wage jobs just to barely scrape by
  • The consensus among these workers is that they thought pursuing pricey degrees would buy them access into the middle class. But that has been far from the reality in the wake of the recession.
  • "My family told me, 'just get your degree and it will be fine,'" Bingham told CNNMoney. "A degree looks very nice, but I don't have a job to show for it."
sari lakis

BBC News - Developing countries told 'tax tobacco to save lives' - 1 views

www.bbc.co.uk/...health-25192196

shared by sari lakis on 03 Dec 13 - No Cached
  • Poorer countries should consider adopting or raising tobacco taxes to help save lives, a group of leading economists says.
  • They suggest alcohol and sugar could also be taxed.
  • They give China as an example where a 50% tax on tobacco could prevent 20m deaths and generate $20bn over the next 50 years.
sari lakis

D.C. to vote on $11.50 minimum wage - Dec. 3, 2013 - 2 views

money.cnn.com/...index.html

shared by sari lakis on 03 Dec 13 - No Cached
  • City lawmakers are scheduled to vote to increase the District minimum wage to $11.50 an hour from the current $8.25. The hikes would be phased in over three years, starting at $9.50 in July 2014, and increase with inflation starting in 2017.
  • The federal minimum hourly wage is $7.25.
  • The federal rate serves as a bare minimum, but states or localities can go higher. It has not increased since 2009, when it settled at $7.25 under a pre-recession 2007 law.
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