Pat Garofalo

Women Haven’t Gained A Larger Share Of Corporate Board Seats In Seven Years

Leave a Comment / Compensation, competition, Corporate rules, discrimination, Employment, Equal Opportunity, equal pay, executive pay, Income inequality, performance, pregnancy discrimination, sexual discrimination, workplace issues / By max cyril

In addition to grappling with a persistent pay gap, working women also have to deal with extreme difficulty ascending to powerful corporate positions, according to a report by the research organization Catalyst. As Bryce Covert explained at The Nation: Women held just over 14 percent of executive officer positions at Fortune 500 companies this year and …

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Corporate Profits Hit Record High While Worker Wages Hit Record Low

Leave a Comment / accountability, unemployment, unemployment insurance, wages, wealth, workplace ethics, workplace issues / By max cyril

A constant conservative charge against President Obama is that he is inherently anti-business. However, businesses keep defying the storyline by making larger and larger profits, rebounding nicely out of the Great Recession. In the third quarter of this year, “corporate earnings were $1.75 trillion, up 18.6% from a year ago.” Corporations are currently making more …

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Corporation Pushes Six-Year Pay Freeze On Workers While Making Record Profits, Paying CEO $17 Million

Leave a Comment / executive pay / By max cyril

Back in June, ThinkProgress noted that the manufacturing giant Caterpillar was seeking major concessions during contract negotiations with striking workers, even as it was making billions in profits and giving its CEO a 60 percent pay boost. The New York Times’ Steven Greenhouse added more details today, noting that the company wants to implement a …

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Regulators Take an Average of Seven Years to Approve New Workplace Safety Conditions

Leave a Comment / Uncategorized / By max cyril

According to a recent report from the Government Accountability Office, it takes the Occupational Safety and Health Administration more than seven years on average to write a new workplace safety rule. Some rules take nearly two decades to finalize. “The process for setting safety standards at OSHA is broken,” said Senate Health, Education, Labor and Pensions …

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At Least 30 Countries Have Unemployment Benefits More Generous Than The U.S.

Leave a Comment / Uncategorized / By max cyril

According to data from the International Monetary Fund analyzed by Tim Vlandas, there are at least 30 countries with unemployment benefits that are more generous than those that go to American workers. The University of Missouri-St. Louis’ Kenneth Thomas broke the data down: The metric used is the gross replacement rate (GRR) the ratio of unemployment benefits …

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How Long-Term Unemployment Decreases Life Expectancy

Leave a Comment / Uncategorized / By max cyril

The latest data from the Bureau of Labor Statistics shows that more than 40 percent of America’s unemployed have been out of work for six months or more. The Associated Press reported recently that the long-term unemployed are facing increased hiring bias, with employers refusing to take on workers who have been out of work for …

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T-Mobile To Lay Off Thousands Of Workers After Taking Millions In Taxpayer Subsidies For Job Creation

Leave a Comment / Uncategorized / By max cyril

Last week, telecom giant T-Mobile announced that it plans to close seven of its 24 U.S. call centers. About 3,300 employees work at those centers, and the company is planning to lay off at least 1,900 of them, while offering transfers to some (though it doesn’t yet know how many). Adding insult to injury, four of …

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Corporate Margins And Profits Are Increasing, But Workers’ Wages Aren’t

1 Comment / Uncategorized / By max cyril

As we’ve been noting, corporate profits have made it back to their pre-recession heights (even if corporate tax revenue hasn’t followed suit). In fact, in 2011, corporate profits hit their highest level since 1950. But as Bloomberg News noted today, this hasn’t translated into wage growth or more purchasing power for workers: Companies are improving margins and generating …

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Chart: Nearly One Quarter of American Workers are in Low Wage Jobs, More Than In Other Developed Nations

Leave a Comment / Uncategorized / By max cyril

According to data from the Organization for Economic Development and Cooperation that was highlighted by the Center for Economic and Policy Research, nearly 25 percent of American workers are in low-wage jobs, defined as “earning less than two-thirds of the national median hourly wage.” This is higher than many other industrialized nations, including the U.K., Canada, …

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How the Housing Crisis Could Kill Any Progress on Jobs

Leave a Comment / Uncategorized / By max cyril

Last month, there was finally some good news on the jobs front, as the unemployment rate fell to 8.6 percent and the economy created 140,000 private sector jobs. However, the continued slow-burning crisis in housingcould easily short-circuit any burgeoning labor market recovery, as the Wall Street Journal detailed today: Some economists fear the continued slump in …

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Women Haven’t Gained A Larger Share Of Corporate Board Seats In Seven Years

Corporate Profits Hit Record High While Worker Wages Hit Record Low

Corporation Pushes Six-Year Pay Freeze On Workers While Making Record Profits, Paying CEO $17 Million

Regulators Take an Average of Seven Years to Approve New Workplace Safety Conditions

At Least 30 Countries Have Unemployment Benefits More Generous Than The U.S.

How Long-Term Unemployment Decreases Life Expectancy

T-Mobile To Lay Off Thousands Of Workers After Taking Millions In Taxpayer Subsidies For Job Creation

Corporate Margins And Profits Are Increasing, But Workers’ Wages Aren’t

Chart: Nearly One Quarter of American Workers are in Low Wage Jobs, More Than In Other Developed Nations

How the Housing Crisis Could Kill Any Progress on Jobs

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Madeline Messa