The proposed rule would boost the overtime exemption from $23,660 a year to $50,440 a year.
Even under the rosiest scenario, the trade deal would lead to modest economic gains. Meanwhile, historic precedent portends disastrous economic consequences.
The United States added an impressive 295,000 jobs in February, and the unemployment rate fell to 5.5 percent. Other factors show that the economy still isn’t working for many Americans after the recession.
The “New Opportunities for Milwaukee” plan, proposed by suburban legislators Rep. Dale Kooyenga (R-Brookfield) and Sen. Alberta Darling (R-River Hills), details what the lawmakers say will be solutions for the city’s chronically impoverished economy.
As a longtime advocate for quality child care, I was heartened to hear President Obama’s forceful words on the matter during his State of the Union address. It occurred to me that it had been more than 40 years since a U.S. president had so visibly addressed the issue—and on that occasion, the message had been very different.
“It’s time we stop treating child care as a side issue, or a women’s issue, and treat it like the national economic priority that it is for all of us,” Obama said Tuesday night.
The Senate’s third-ranking Democrat said the middle class “knows in its gut” that only a “strong and active government” can stop the economic bleeding that has caused median incomes to drop $3,600 since President Bush first took office in 2001.
In one poll of New York and Pennsylvania voters, three-quarters of respondents said that a woman’s ability to control whether to have children is linked to equality and financial stability.
This November, Michigan residents will decide whether to cast their vote for Republican incumbent Rick Snyder or long-time Democratic politician Mark Schauer in the gubernatorial election. The candidates have already begun to spar over the economy, education, and public health in the state, which will all be central issues leading up to the November election.
The Congressional Budget Office’s new report found the Affordable Care Act could result in a reduction in workforce participation by approximately two million full-time workers in 2017. Conservative columnists are freaking out, but, even if the right is right, that may not be a bad thing at all.