Women's Economic Equity
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#POWHERList: Raise the Volume on Economic Equality (Video) - The first Women's Equality Wednesday Google Hangout "#POWHERList: Raise the Volume on Economic Equality" with panelists Beverly Neufeld from NYS PowHER, Ellen Bravo from Family Values @ Work and Ana Oliveira from The New York Women's Foundation. Follow below for a highlight of tweets from during the conversation.
Updated February 14, 2015
- A first among the big four consulting firms: Deloitte appoints a female CEO - One of the biggest consulting and accounting firms in the world, Deloitte, announced Monday that its next CEO would be Cathy Engelbert, the first woman to run the company, and the first female CEO at any of the "big four" global consultancies.
- The Typical Millenial Is $2,000 Poorer Than His Parents at This Age - Millenials today are more educated as well as more impoverished than their parents at a similar age. Technological changes, globalization and slow wage growth have hampered employment and earnings for young adults lacking college degrees. The unequal economic recovery has left Millenials in the majority of states in worse financial shape than when their parents were young adults.
- Unemployment Has Changed. Unemployment Benefits Haven't - Only 27 percent of unemployed workers received unemployment benefits in 2014, according to a report from the National Employment Law Project (NELP). While they are less likely to have other resources they can rely on while looking for a job, low-income workers are more unlikely to receive unemployment benefits. The unemployment system is still geared to those losing full-time jobs, although more people are working as temps, contractors or part-timers. NELP and its allies are working for expanding unemployment benefits, while others are trying to limit them even further.
- How 'unconscious bias training' can fight hidden prejudices in the workplace - Companies are learning the ways they can turn off tech talent without even knowing it. Unconscious biases are the "subtle instances where we misrecognize and misinterpret behaviors and it causes us to overlook things," said Catherine Ashcraft, senior research scientist for the National Center for Women in Information Technology.
- The Hidden Cost of a Flexible Job - Employees with this perk often wind up working extra hours at nights or on weekends. Why? Not to make up for lost productivity (studies show that workers are just as diligent if not more so when working from home) but in an effort to demonstrate their commitment to and passion for their jobs.
- 5 Facts That Show Half of America Is Seriously Struggling - Half of our nation, by all reasonable estimates of human need, is in poverty. The jubilant headlines above speak for people whose view is distorted by growing financial wealth. The argument for a barely surviving half of America has been made before, but important new data is available to strengthen the case.
- Money issues are still really stressing Americans out - From student loan debt to rising health care costs, money continues to be the top source of stress for most Americans. Despite an improving economy, nearly 90% of Americans surveyed by the American Psychological Association said the level of stress they are feeling about money has either remained the same or gotten worse in the last year, according to the group's annual Stress in America report.
- The Dangerous State of Americans' Savings - MORE than half of American households have less than one month of income available in readily accessible savings to use in case of an emergency, a new report from the Pew Charitable Trusts finds. Many financial advisers recommend that families have a savings account holding three to six months' income, in case of a job loss or an unexpected major expense. But regardless of income level, the report found, most Americans lack the recommended level of savings.
- Economists Say Millennials Should Consider Careers In Trades - Economists say millions of good-paying jobs are opening up in the trades. And some pay better than what the average college graduate makes. There are 600,000 jobs for electricians in the country today, and about half of those will open up over the next decade. With so many boomers retiring from the trades, the U.S. is going to need a lot more pipe-fitters, nuclear power plant operators, carpenters, welders, utility workers - the list is long. But the problem is not enough young people are getting that kind of training.
- Wage Recommends Hike For Tipped Workers - A wage board convened by the state Department of Labor recommended on Friday that workers in the hospitality and service industries who receive tips should have their minimum wage increased from $5 to $7.50 by the end of 2015.
- What You Have to Earn to Be in the 1% in Every State - It's the wealthiest Americans who are recovering from the Great Recession. $506,000 in NYS.
- Public assistance to low-wage workers costs $1.7 billion in Oregon, new report says -
"The High Cost of Low Wages in Oregon," a recent report from the University of Oregon Labor and Education Research Center, finds public assistance in the state costing $1.7 billion a year. Although the economy is recovering, stagnant pay and growing employer profits mean that thousands in the state "can't even get their heads above water," said Ellen Scott, co-author of the report. Forty percent of adults receiving SNAP benefits earned wages in 2013, according to the report.
- Should Cities Have a Different Minimum Wage Than Their State? - Debates over wage-requirements are common at the federal and state level, but now more municipalities are joining the conversation in an attempt to address variations in the cost of living.
- Best and worst countries for women on corporate boards - Women remain underrepresented in board rooms around the world. "Companies that are not making diversity on boards a priority should be embarrassed," said Deborah Gillis, chief executive of Catalyst, which released the report on Tuesday. "Smart leaders know that they can either lead the movement toward making profound and lasting impact, or be left behind."
- Aetna plans to raise wages, improve health offerings for lowest-paid employees - The health insurer Aetna plans to raise its company wage floor to $16 per hour, which will increase the pay for about 12 percent of its US workers, according to a report by the Wall Street Journal. Those employees, who mainly work in customer service or billing, will also have their health-care costs cut sometime next year, the report said.
- 14 Companies with Incredible Employee Perks - In an economy where employees are often overworked and many businesses are pulling the plug on raises and extra benefits, some companies are shining stars when it comes to offering their employees cool perks.
- Three Ideas for Inclusive Cities: How Raleigh, Seattle and Others Are Bringing Everyone Into the Fold - From city-issued ID cards to open-source data anyone can access, simple urban innovations are creating more transparent and equitable cities.
- Job Growth Fails to Help Paychecks of Workers - The nation's economy is entering 2015 in its best shape since the recession, but the improving job market has so far failed to help most Americans earn significantly more at work.But a drop in average hourly earnings last month, after a healthy gain in November, sidetracked hopes that a tighter labor market was beginning to lead to broader wage gains.
- The Erosion of Collective Bargaining Has Widened the Gap Between Productivity and Pay - To understand the growth of income inequality-and the disappointing increases in workers' wages and compensation as well as middle-class incomes-it is crucial to understand the divergence of pay and productivity. The erosion of collective bargaining has had a greater impact on men than on women, and on non-college educated workers than on college graduates-reflecting the groups who were more likely to be covered by a union contract in the late 1970s.
- New Study: $15 Minimum Wage - Single Best Option to Reduce Seattle's Gender and Race Pay Gap - A new study by Puget Sound Sage concludes that a $15 minimum wage would create large scale benefits for women and people of color in Seattle, and effectively narrow our city's gender and race pay gaps. Raising the minimum wage is the fastest and most targeted policy option to narrow the gender and race pay gap.
- Where Working Women Are Most Common - The places with low levels of female employment have a lot of overlap with high-poverty places - Appalachia, Northern Michigan, the Deep South and the interior Southwest. Female employment rates are relatively low in some fairly affluent areas, including Utah and other heavily Mormon areas - as well as on the Upper East Side of Manhattan. Currently, about 30 percent of women between the ages of 25 and 54 are not employed, compared with 26 percent in 1999. By contrast, female employment rates have continued rising in most rich countries. The employment for prime-age men in the United States has been falling for most of the past half-century.
- With 21 States Raising Minimum Wage, 2015 Is a Tipping Point - As many as 7 million low-wage workers will see a pay increase, many on Jan 1. Minimum wages around the country will range from the federal minimum wage of $7.25 an hour to $9.47 an hour in Washington State. Workers in 21 states will see the minimum wage rise in 2015, which means that, for the first time, more than half of US states will be above the federal minimum.
- US Regulators Target Payday Loans for Unfair Practices - U.S. officials are taking their first crack at writing rules for payday loans, responding to concerns that the short-term, high-rate debt can trap consumers in a cycle of borrowing they canít afford.
- How's the Economy Where You Live? 3 Interactive Maps Show State-by-State Comparisons. Is your area booming or busting, or just chugging along? - Three different maps released in the last few weeks approach the question from three different angles: wage stagnation, when wages peaked, and men who aren't currently part of the labor force.
- Those with Disabilities Earn 37% Less on Average; Gap is Even Wider in Some States - Workers with disabilities who have at least a high school education earn 37 percent less on average than their peers without disabilities, a disparity costing federal and state governments up to $31.5 billion in potential tax revenue, finds an American Institutes for Research (AIR) analysis. Earnings disparities increase with higher educational attainment. Among workers with a high school degree or the equivalent, those with disabilities earned on average $6,505 less than their peers in 2011.
- Why U.S. Women Are Leaving Jobs Behind - As recently as 1990, the United States had one of the top employment rates in the world for women, but it has now fallen behind many European countries. After climbing for six decades, the percentage of women in the American work force peaked in 1999, at 74 percent for women between 25 and 54. It has fallen since, to 69 percent today.While the downturn and the weak economy of recent years have eliminated many of the jobs women held, a lack of family-friendly policies also appears to have contributed to the lower rate.
- Walmart Forced to Pay $188 Million in Class Action Lawsuit Over Wage Theft - The decision, which affects about 187,000 Wal-Mart employees who worked in Pennsylvania between 1998 and 2006, marks the second unfavorable ruling in a week for the retailer, the largest private employer in the United States. The Pennsylvania Supreme Court upheld a 2007 lower court ruling in favor of the workers, who said Wal-Mart failed to pay them for all hours worked and prevented them from taking full meal and rest breaks.
- Where Men Aren't Working - On the whole, however, it's vastly more common today than it was decades ago for prime-age men not to be working. Across the country, 16 percent of such men are not working, be they officially unemployed or outside of the labor force - disabled, discouraged, retired, in school or taking care of family. That number has more than tripled since 1968. Many of them are likely to remain out of work for months or years more, and some of them will never hold a steady job again.
- This Is Why the Middle Class Can't Get Ahead - Only Americans who make less than $23,660 a year are automatically eligible for time-and-a-half pay after working 40 hours a week. Today, that's only 11 percent of salaried workers. In 1975, more than 65 percent of salaried American workers earned time-and-a-half pay for every hour worked over 40 hours a week.
- Chicago Raises Minimum Wage to $13 an Hour - In another victory for low-wage workers, Chicago became the latest city to raise its minimum wage.
- Protesters nationwide call for $15 minimum wage - Marking the second year of a campaign to boost the minimum wage, thousands of low-paid workers and their supporters marched in 190 cities across the nation Thursday, calling for $15 an hour.
- Middle-Class Pay Elusive for Teachers, Report Says - The report, by the National Council on Teacher Quality, a nonprofit group that advocates tougher teacher standards, finds that while teachers in places like Atlanta, Pittsburgh and Columbus, Ohio, can reach a high salary benchmark relatively early in their careers, teachers in New York City, San Francisco and Fairfax County, Va., must work more than three decades to hit comparable salary levels, when adjusted for the cost of living in the cities. that teachers can reach middle-class earnings early enough in their careers.
- The Incredible Shrinking Incomes of Young Americans - American families are grappling with stagnant wage growth, as the costs of health care, education, and housing continue to climb. But for many of America's younger workers, "stagnant" wages shouldn't sound so bad. In fact, they might sound like a massive raise. Since the Great Recession struck in 2007, the median wage for people between the ages of 25 and 34, adjusted for inflation, has fallen in every major industry except for health care.
- How the Record Numbers of Young People Living With Their Folks Threaten Our Economy - America's young people have been hit so hard by the crappy economy that they can't even get out the door. A study from Pew Research reveals that 36 percent of Millennials -young adults ages 18 to 31 - are camping out with Mom and Dad (this includes college students who come home for breaks). Not since the 1960s have so many young people resorted to couch surfing with the 'rents, a record 21.6 million young adults in 2012. Eventually, the failure to address the catastrophic situation facing young people leads to social unrest. When young adults have tried hard to get work, but find instead not only a lack of jobs, but an array of useless or bought politicians and greedy bankers set against them, they begin to experience rage. This has been observed all over the world, from the Arab Spring to the Occupy movement. When young people have nothing left to lose, they start to lose it.
- Census: Young Americans More Educated, Not Necessarily Better Off Than Parents - Education, employment, and other life experiences for young adults have changed since 1980, but in very different ways in different parts of the country, new Census data show. American young adults are more likely to have attended and graduated college today than in earlier generations, according to a new data analysis by the U.S. Census Bureau-but they are also more likely to be earning considerably less, and living either in poverty or with their parents than they were in 1980. Census researchers found Americans ages 18 to 34 earn $2,000 less per year than earlier generations, after correcting for inflation, though the percentage graduating college has risen from a little more than 15 percent to more than 22 percent since 1980.
- Fast Food Workers Announce Largest-Ever Strike in 150 Cities on December 4 - Fast food workers in at least 150 cities nationwide will walk off the job on Dec. 4, demanding an industry-wide base wage of $15 per hour and the right to form a union. Workers unanimously voted on the date for the new strike during a Nov. 25 conference call, held shortly before the second anniversary of the movement's first strike.
- San Francisco Passes Retail Workers' Bill of Rights - The new rules will require retail chains that have 11 or more locations across the country and employ 20 or more people in San Francisco to provide advance notice of schedules, improve the treatment of part-time employees, and give current workers the opportunity to take on more hours before hiring new people. Employers will have to give their workers at least two weeks' advance notice of their schedules, and if they fail to do so they will have to give those workers additional "predictability pay." Workers also get paid if they're required to be on call but their shifts are canceled. Employers will have to give part-time employees the same starting wage as those working full time in the same position and access to the same benefits.
- America's part-time economy - Part-time workers are far more likely to live in poverty. They are paid less than other workers and often don't receive benefits. It's a bad sign when states have a high percentage of part-time employees in the labor force, especially those working part-time involuntarily because they can't get a full-time job. Eight states, including New York and New Jersey, still have double the number of involuntary part-time jobs since the recession began, according to the Labor Department. And involuntary part-time jobs are actually increasing in places like Florida and Texas.
- Part-time jobs put millions in poverty or close to it - Seven million Americans are stuck in part-time jobs. They are unable to get full-time work and the benefits and stability that come with it. It's a constant struggle for these families and a worrying sign for America's recovery.
- U.S. Men Make Employment Gains - For the first time since 2006, the unemployment rate for men in the United States has fallen below the rate for women - 5.6 percent for men and 5.9 percent for women in October. In the depths of the financial crisis, the rate for men had climbed to as much as 2.6 percentage points above that for women. Of the 12 areas of the private economy shown in the charts, women have added jobs at a slower rate than men in all but three - retail trade, mining and logging, and construction. Women have a small minority of jobs in each of those areas other than retail, though, so those gains do not reflect a lot of hiring.
- Hearing on increase in minimum wage for tipped workers - In New York State, food service workers (waiters, waitresses) receive $5 an hour. Service employees (housekeeping) receive $5.65 in standard hotels and $4.90 in resort hotels. Under legislation signed last year, New York's minimum wage will rise to $9.00 per hour by Dec. 31, 2015. Typically under state law, the tipped minimum wage automatically rises in proportion to the minimum wage, but legislation last year excluded food service workers and service employees in the hospitality and restaurant industry from this adjustment. There are 229,000 tipped workers in New York State, reported the National Employment Law Project.
- Women Outperform Men In Sales But Still Earn Less - According to 2013 research from Xactly, a cloud platform that provides big data insights to companies, women are performing better than men, yet still earning less for the same jobs. Xactly pulled global compensation and performance measures for both men and women, looking at correlations between pay and performance, and found that in sales, 70% of women reached their quotas, while only 67% of men did. However, when it came to commission rates, women earned less for their efforts, making an average of 4.1% commission, compared to their male counterparts' 4.8%. They also received lower base pay on average. Although 3% might seem like a negligible difference, it becomes a significant amount of money for companies dealing with millions of dollars in sales.
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