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Search resuls for: "Elise Gould"


4 mentions found


☆ The US is adding millionaires at the fastest rate this century while the 'quiet fleecing' of American workers' pay continues
  + stars: | 2022-09-22 | by ( Jacob Zinkula | Madison Hoff | ) www.businessinsider.com   time to read: +5 min
It's a signal of the "quiet fleecing" of the American worker that's been keeping wages down for decades. "Those trends in hourly wage growth have profound consequences for American living standards and how well people in this country are able to make ends meet. "Quiet fleecing" means lower wages for Americans while the millionaires thriveFor workers, "quiet fleecing" has resulted in decades of wages that haven't kept up with the rising costs of healthcare, housing, and food. A recession could make "quiet fleecing" worseThis inequality could be among the reasons some Americans are "quiet quitting," "acting their wage," or joining the Great Resignation. The consequences could be inflicting an economic downturn of an unnecessary scale, hurting working workers, and ultimately making "quiet fleecing" and inequality worse.
☆ 'Quiet fleecing' is why you're getting paid less and everyone's talking about quiet quitting and the Great Resignation
  + stars: | 2022-09-20 | by ( Jacob Zinkula | Madison Hoff | ) www.businessinsider.com   time to read: +6 min
Since the 1970s, US wage growth has stalled, with the top 1% seeing most of the gains. It's resulted in a "quiet fleecing" of the American worker, according to data analyzed by the Economic Policy Institute. Coined by the Economic Policy Institute, "quiet fleecing" describes decades of stagnant wage growth in the US despite rising productivity and costs of living. In theory, workers' wages rise in tandem with their productivity, or the output they provide to a company. It could be why more workers are getting vocal about quiet quitting, "acting their wage," or joining the Great Resignation.
☆ Democrats want to bring back Biden's child tax credit soon — and a new report shows it was a huge success in fighting child poverty
  + stars: | 2022-09-14 | by ( Joseph Zeballos-Roig | Madison Hoff | Jason Lalljee | ) www.businessinsider.com   time to read: +5 min
The expanded child tax credit helped slash child poverty by roughly half, and some Dems want to bring it back. "This was a historic achievement to reduce child poverty by a record amount driven by the expansion of the child tax credit." He added that given the expanded child tax credit has expired, "the challenge now is for the Congress to extend it." Some Democrats want to bring back the expanded child tax creditThe enhanced child tax credit provided up to $300 monthly checks per kid to parents for six months. Without measures like the expanded child tax credit, poverty likely increased in 2022.
☆ The U.S. unemployment rate rose in August, and Black workers' labor force participation declined
  + stars: | 2022-09-02 | by ( Samantha Subin | ) www.cnbc.com   time to read: +3 min
Jeenah Moon | Bloomberg | Getty ImagesThe August jobs report showed the U.S. unemployment rate rise across the board. Meanwhile, Black workers marked the only demographic to see their labor force participation fall. The unemployment rate rose 0.2 percentage point to 3.7% in August, according to data released Friday by the U.S. Bureau of Labor Statistics. However, Black workers marked the only group that saw labor force participation decline, while their employment-population ratio, which measures what percentage of the population holds a job, also fell. "What's happened is the queue's just gotten longer so the discouraged worker effect is much more acute for Black workers."
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