U.S. 'affordability crisis' wallops NM's low-wage corporate workers Public News Service (PNS) is a member-supported news service that advocates journalism in the public interest. PNS's network of state-based news services distribute high quality public interest news…

America's 20 largest low-wage employers spent $260 billion on stock buybacks between 2019-2024. Not one pays workers enough to afford a two-bedroom apartment. Average CEO pay: $18 million.

#WorkerPay #AffordabilityCrisis #NewMexico #LivingWage @ips-dc.org

Labor and Wealth in a Slice of Cheesecake: Capital and Extraction in the Modern Economy - Interconnected Earth How much labor goes into a slice of cheesecake? And how much is it really worth. We explore cheesecake as an example of the ever growing wealth gap.

Workers earn wages. Executives earn stock. Shareholders earn dividends. That structure—more than any single CEO—drives the wealth divide baked into everyday products like cream cheese and cheesecake.

buff.ly/76j8E6q

#Capitalism #WorkerPay #Economics #WealthInequality

Costco to raise hourly pay for most US store workers to over $30

www.reuters.com/business/retail-consumer...

#news #business #finance #costco #pay #workerpay

Elon Musk didn't start the H-1B visa debate For decades, people on both sides of the aisle have argued over the merits of immigration visas like the H-1B, citing concerns over worker pay and the green card backlog.

#ElonMusk didn’t start the H-1B visa debate.

For decades, people on both sides of the aisle have argued over the merits of #immigration #visas like the #H1B, citing concerns over worker pay and the green card backlog. www.fastcompany.com/91258754/elo... #foreignworkers #workerpay #H1Bvisas

November 18, 2024 On Friday, Secretary of Commerce Gina Raimondo locked in a $6.6 billion deal with the Taiwan Semiconductor Manufacturing Company for it to invest $65 billion in three state-of-the-art fabrication plan...

“…If your Social Security number ends in an odd number, you’re out. If it ends in an even number, you’re in. There’s a 50 percent cut right there.”

Heather Cox Richardson’s latest

Please read… #SocialSecurity #Medicaid #WorkerPay #SNAP
#Democracy

open.substack.com/pub/heatherc...

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The 2022 #CHIPSandScienceAct created a big opportunity to boost #semiconductors
#StockBuybacks are, of course, an unproductive form of spending in which a company decides to use surplus funds not to increase #workerpay, invest in #research #development, #safety
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