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☆ With tips, restaurants can pay workers as little as $2 an hour. It's why no one's coming back to work.
  + stars: | 2022-01-22 | by ( Paul Constant | ) www.businessinsider.com   time to read: +5 min
He spoke with Saru Jayaraman of UC Berkeley's Food Labor Research Center about tipped workers. Women and people of color who work for tips always earn significantly "less than white, male tipped workers," Jayaraman said, "because of the biases we all carry as customers. Employer justifications for the subminimum wage tend to fall apart under the slightest examination. Restaurant workers in these seven states have for years taken home more than the federal tipped minimum wage per hour with no negative effects on the restaurant industry. The pandemic has worsened conditions for restaurant workers, and many of them have decided that the subminimum wage isn't worth the hassle.
☆ The Federal Reserve's plan to combat recessions rarely works and often benefits the already-rich — here's why
  + stars: | 2022-01-15 | by ( Paul Constant | ) www.businessinsider.com   time to read: +6 min
Leonard says the Fed should put money into Americans' hands, not Wall Street, to boost the economy. The problem wasn't in the creation of new money, Leonard argues — the problem was where that new money went and who was in charge of distributing it. "There's this group of 24 banks on Wall Street — financial institutions like JP Morgan, Goldman Sachs, Wells Fargo," Leonard said. "From basically 1950 until 2008, that's how the Fed influenced our supply of money," Leonard said. "They would gradually loosen or tighten the money supply by making these purchases on Wall Street."
☆ In many states, workers still earn only $7.25 an hour. If we want to fix the 'labor shortage,' it should start with raising wages.
  + stars: | 2022-01-08 | by ( Paul Constant | ) www.businessinsider.com   time to read: +5 min
Amid the ongoing labor crisis, Constant says raising the minimum wage could be a key solution. Raising wages has proven good for workers and business, yet many states are stuck at the $7.25 federal minimum. Last week, the minimum wage in Seattle reached $17.27 per hour, while the minimum wage in Washington state increased to $14.49, and none of those threats have come true. But despite this progress, the federal minimum wage is still stalled at $7.25 per hour for non-tipped employees and $2.13 per hour for tipped employees. The Economic Policy Institute recently found that the $7.25 federal minimum wage is worth 21% less today than it was worth when established in 2009.
☆ 'Opportunity zones' meant to boost poor communities did little more than give the rich another tax loophole — proof that trickle-down economics doesn't work
  + stars: | 2022-01-01 | by ( Paul Constant | ) www.businessinsider.com   time to read: +6 min
He recently spoke with economist David Wessel about "opportunity zones" in the 2017 tax plan. Trump's tax cuts represented the purest form of trickle-down that had ever passed in Washington, DC. The Trump tax cuts didn't increase investments in American business — in fact, the wealth created for the richest Americans from those tax cuts likely wound up overseas. Instead, the Congressional Budget Office found that corporate tax revenue fell by over 30% the year after the tax cuts passed. We're still unraveling all the harm that the 2017 Trump tax bill has done to the economy.
☆ The American middle class used to signify economic security. That's now quickly becoming a luxury only the wealthiest can afford.
  + stars: | 2021-12-25 | by ( Paul Constant | ) www.businessinsider.com   time to read: +5 min
While a majority of Americans consider themselves middle class, he says far fewer actually are. Those numbers are disastrous for the American middle class. When most noneconomists talk about the middle class, we don't mean the strict middle third of American household wealth. A 2015 Pew report found that while 89% of all Americans self-identify as members of the middle class, just 50% of Americans actually met the broadest economic definition of middle class. Throughout the 20th century, a secure and growing middle class was the source of America's prosperity.
☆ Women are the majority in education, yet still find themselves overlooked for promotions and making less than their male peers
  + stars: | 2021-06-30 | by ( Katherine Hekker | ) www.businessinsider.com   time to read: +8 min
Chelsea WarnerLena Peck, a middle-school teacher in a Maryland charter school, noticed early in her career that her male principal had stronger and more personal relationships with male teachers. Her male principal seems to address female teachers more directly regarding punctuality and dress code, while "male teachers don't seem to get talked to," she added. Male teachers in the aggregate do demonstrate a clear preference for working under male administrators. A 2018 study found that male teachers are "significantly more likely to leave a school when it is led by a female principal." White women make up the majority of public school teachers, about 60%.
☆ Top strategists from Morgan Stanley and Schwab lay out how to trade an upside-down market
  + stars: | 2020-06-23 | by ( Business Insider | ) www.businessinsider.com   time to read: +5 min
And rather than tout the growth merits of tech, he's far more interested in the upside offered by by financial and industrial shares — plus international stocks. If you aren't yet a subscriber to Investing Insider, you can sign up here. Those are ultimately just two examples of what the Investing team at Business Insider has explored over the past several days. -- JoeJoin Business Insider on July 8 at 12 p.m. The two highly successful growth investors told Business Insider about the stocks that they think have the most potential in the new decade.
☆ A judge explains what can happen if you don't pay parking tickets
  + stars: | 2017-05-06 | by ( Eames Yates | ) www.businessinsider.com   time to read: +1 min
Judge Michael Corriero explains what can happen if you keep getting parking tickets and don't pay them. No, I've had to pay all my parking tickets. Let's say you get 10 parking tickets in New York and you move to California, and you don't pay the parking tickets in New York, the moment you violate them, you can become liable for whatever penalties or fines the municipality decided was reasonable for the infraction. But don't ignore me. Or — don't say anything.
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