The bumpy first few weeks of Obamacare might have helped to force Democrats and Republicans to work together on a budget deal. At least, that's Joe Weisenthal's theory over at Business Insider.
Mary Barra has worked for General Motors for 33 years, most recently as executive vice president of global product development. She seems like a natural choice for replacement for departing CEO Daniel Akerson, who is stepping down in January. Why Barra's is appointment such big news? Because she will be the first female CEO to head a car company the size of GM.
More than half the families in the United States earn less than $60,000 per year. Even at 250 times federal poverty level, lower-middle class incomes leave workers vulnerable to financial disaster.
In 100 cities across the U.S., fast food workers are walking off the job today to protest the current federal minimum wage of $7.25 an hour – a rate they say doesn't cover the basic necessities of life.
The ADP National Employment Report is out for November, and the news is rosy: the economy added 215,000 private-sector jobs from October to November -- more than the 170,000 jobs predicted by economists.
A Wal-Mart spokesman says that a recent food drive at it store in Canton, Ohio -- in which employees donated food to their co-workers -- is a sign that teammates at the store look out for each other. Labor organizers says it's an indication that Wal-Mart doesn't pay its workers a living wage. Who's right?
Forty percent of us still think it's pretty common to go from poverty to wealth in the U.S., according to research from the Economic Mobility Project of the Pew Charitable Trusts, quoted in the Wall Street Journal. The reality is quite different: only 4 percent of Americans go from rags to riches.
Yesterday, Starbucks announced a plan to develop a hiring program for veterans and military spouses.
Younger workers generally expect to put in a few years before ascending to management roles. For Gen Y, however, it's been a long wait.
In-state tuition at four-year public colleges and universities increased by only 2.9 percent for this year, on average, according to the College Board. That's the smallest increase since 1975, and a departure from the recent trend of skyrocketing tuition fees.
A third of Americans consider themselves lower class, according to Pew research, compared with a quarter before the recession. The reason? The decline of mid-skilled, mid-wage jobs.
Gen Yers are getting a slower start on their careers, thanks to a soft economy and a changing professional landscape. A recent report finds that these delays have far-reaching impacts for younger workers, who may hit the sweet spot in their careers later than previous generations.
The Department of Labor released the September jobs report yesterday, and the bottom line is that while unemployment is down (7.2 percent, as opposed to 7.3 in August), hiring appears to have slowed. The economy added 148,000 jobs last month, down from 193,000 for August.
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