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More than two-fifths of baby boomers are nearing retirement with no retirement savings. That fact may surprise you, if you are a typical white-collar worker, dwelling in a corporate culture of near-universal retirement coverage, encouraged to save a half-million dollars or more before taking the gold watch. But many Americans work for smaller companies that…
“Larry Summers calls for more US job losses from ‘tropical paradise’” Larry Summers got roasted on social media after he said higher unemployment will be necessary to tame inflation in the US economy during a TV broadcast from what looked like a tropical beach resort. The former Treasury Secretary, now a Harvard University professor as…
“Companies offer big raises to keep workers, adding to inflation” Workers who are staying in their jobs are getting their biggest pay raises in decades, putting pressure on inflation, according to a report from the Wall Street Journal. According to the Federal Reserve Bank of Atlanta, wages for employees who stayed at their jobs were…
“Quit gaslighting Americans, Joe — inflation is still terrible” Inflation was less bad in November than the month before, but a 7.1% rise in prices still means continued pain at the grocery store, buying presents or just paying electric bills. It’s nothing to celebrate — but that’s not stopping President Joe Biden. The Bureau of…
“Uber sues NYC Taxi & Limo Commission to block driver wage hike” Uber is suing the city over its plan to raise the minimum wage for ride-share drivers by nearly 24% per mile – claiming the drastic hikes will damage the entire ride-sharing industry, new court papers allege. The city Taxi and Limousine Commission last…
“Can I change my employees’ schedules to give them a 4-day week?” I recently proposed the idea to my employees of working four days a week with three days off. Each employee would work two extra hours per shift, so they’d still have a 40-hour week. This will require some juggling because not everyone can…
“Democrats’ happy talk can’t hide the havoc inflation is wreaking” Democrats’ latest Hail Mary effort to sell themselves in advance of November’s election turns on claiming the US economy is doing great, with employment up 6.5 million this last year. It’s doomed to fail, for two big reasons. First, everyone knows these are still overwhelmingly…
“Biden’s insulting response to our inflation crisis” President Joe Biden just set another record: The worst inflation since 1981, as consumer prices climbed a staggering 8.5% over the 12 months ending in March. That’s our sixth straight month of inflation above 6%, and our 11th straight month above 5%. The White House response? A waiver…
“#UK central bank chief slammed for telling workers not to ask for big raises” The highly paid boss of the United Kingdom’s central bank was under fire Friday after he suggested that workers shouldn’t ask for big pay raises as the country fights inflation. Bank of England chief Andrew Bailey — who earns £575,000, the…
“#NYC to force businesses to reveal salary range” A New York City law that will go into effect this spring will require companies to reveal the salary ranges on job postings. Supporters say it’s a measure that could help close the gender wage gap. The law, which will be enforced beginning on May 15, applies…