Skip to: Content
Skip to: Site Navigation
Skip to: Search
SUNDAY, NOVEMBER 22, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter

NEWS ABOUT: wages

wages stories: 34 news summaries

1 - 20 of 34 Stories | 1 2 Next >>

Switch to grid view »

 Pay Cuts: America's New Norm 

Nine straight months of declining pay sets new record

Oct 14, 09 7:49 AM CDT
(Newser) - In previous recessions, layoffs were the principal way for employers to cut costs—pay cuts were seen as demoralizing and a sure-fire way to lose workers to other jobs. But now pay cuts, sometimes in the form of demotions or shortened workweeks, are more common than at any time since... More »

MORE ABOUT:
wages • recession • unemployment • pilot • furlough • pay cut

 Wages Are Up—for 
 Workers With Jobs 

Avg. weekly pay hit $618 last month, up from $612

Sep 16, 09 6:41 AM CDT
(Newser) - For those with the good fortune to have a job, wage growth has actually increased in recent months, government surveys show. From the fall of Lehman Brothers last September to this June, average weekly pay stayed at $612. But since June, the workweek has gotten longer and hourly pay growth... More »

MORE ABOUT:
wages • recession • unemployment • pay increase

 Minimum Wage Rises to $7.25 

Some say hike will hurt small business; others hold it'll boost economy

Jul 24, 09 11:45 AM CDT
(Newser) - The minimum wage today jumps 70 cents to $7.25 an hour, a move that rekindles a debate as old as the wage itself, notes the Atlanta Journal-Constitution. Some worry that the increase puts an unfair burden on small businesses, especially with times so tight; others say low-wage earners will... More »

MORE ABOUT:
minimum wage • wages • recession • circulation • economy

MARKETS

 Dow Falls 223 on Jobs Data 


Jul 2, 09 3:35 PM CDT
(Newser) - Stocks posted losses today, soured all session by worse-than-expected June employment data, the Wall Street Journal reports. With unemployment up a tenth of a percent to 9.5%  and wages remaining stagnant, investors have little to be optimistic about. The Dow lost 223.32 to settle at 8,280.74.... More »

MORE ABOUT:
Dow Jones • wages • unemployment • Nasdaq • payrolls • S&P 500 • jobless




 Globe Union Rejects Pay Cut 

Struggling newspaper's staff vote against deal to slice pay, benefits despite warnings

Jun 8, 09 11:31 PM CDT
(Newser) - The Boston Globe's biggest union has turned down a contract involving pay and benefit cuts despite threats that doing so may lead to deeper cuts, the New York Times reports. Boston Newspaper Guild members voted 277-265 against the offer from the New York Times Company after 12 hours of voting,... More »

MORE ABOUT:
wages • union • vote • New York Times Company • contract • Boston Globe • Boston Newspaper Guild

 Globe Union to Vote on Pay Cut 

Rejection could spark legal battle

Jun 8, 09 11:11 AM CDT
(Newser) - The Boston Globe’s biggest union votes today on whether to accept a $10 million cut to their wages and benefits, including an 8.4% pay cut, or to mount a legal fight with parent the New York Times Co., the Boston Herald reports. If the contract is rejected, the... More »

MORE ABOUT:
wages • union • New York Times Company • contract • Boston Globe • benefits • Boston Newspaper Guild

College Grads Face Years of Lower Wages

Economists pile on the bad news for the struggling class of '09

May 9, 09 9:46 AM CDT
(Newser) - The recession will mean paltry pay for the Class of '09 for many years to come, economists tell the Wall Street Journal. College grads are entering the toughest labor market in 25 years and competition is driving down starting wages for those lucky enough to land jobs, an effect research... More »

MORE ABOUT:
wages • employment • recession • US economy • job market • labor market • college graduates

OPINION

Falling Wages Compound Economic Woes

Without new stimulus, US faces Japan-style slump: Krugman

May 4, 09 8:00 AM CDT
(Newser) - From bailed-out automakers to newspapers facing cutbacks, companies across the US are slashing wages, and employees—even those with unions—are sitting still for it. While cuts may look like a good alternative to unemployment, but they're more harmful than they appear, writes Paul Krugman in the New York Times.... More »

MORE ABOUT:
wages • recession • US economy • Paul Krugman • stagflation • Obama administration • salaries

(AP) - A wage-discrimination bill that heralds the pro-labor policies of the Democratic-controlled Congress and White House cleared the Senate on a 61-36 vote today and could be on President Obama's desk within days. The legislation reverses a 2007 Supreme Court ruling that narrowly defines when workers can claim wage discrimination, even... More »

MORE ABOUT:
Congress • wages • pay discrimination • President Obama

(Newser) - Wal-Mart will pay up to $640 million to settle 63 state and federal class-action lawsuits that alleged it forced employees to work off the clock and skip breaks, the New York Times reports. The lawsuits involve hundreds of thousands of former and current hourly wage workers. The settlement—it will... More »

MORE ABOUT:
wages • Wal-Mart • labor rights • employee

OPINION

More Companies Should
Cut Wages, Not Jobs

In a move that may be mimicked, FedEx moves to help workers, shareholders

Dec 19, 08 11:37 AM CST
(Newser) - It was FedEx's turn yesterday to play Scrooge, announcing cutbacks in the face of recession, but the company's strategy—cutting wages for senior execs and other salaried employees, rather than cutting jobs—maybe prove to be the smart alternative, and a harbinger of things to come, Peter Eavis writes in... More »

MORE ABOUT:
layoffs • wages • recovery • FedEx • job security • financial crisis

Put the Brakes on
Car Chiefs' Pay: UAW Boss

Loans necessary to escape temporary bind, he adds

Dec 1, 08 4:11 AM CST
(Newser) - The nation's Big Three automakers should pledge to limit executive pay—including bonuses and severance packages—in exchange for federal money, insists the president of the United Auto Workers. Ron Gettelfinger warned that everyone is going to have to tighten his belt, including the rank-and-file, in order to save jobs.... More »

MORE ABOUT:
United Auto Workers • executive compensation • Michigan • wages • automaker • labor unions • Big Three • US automakers • golden parachutes

Left-Handed
Men Earn
More: Study

Southpaws struggle
in school but surpass righties at work

Nov 29, 08 4:27 AM CST
(Newser) - Left-handed men earn an average of 5% more than right-handed men, two British and Irish studies have discovered. The studies found that southpaw males tended to do worse in school—possibly because of trouble adapting to a right-handed world—but were more successful as adults. Female lefties, however, did worse... More »

MORE ABOUT:
wages • brain • left handed • neurology • male brain • female brain

Putin Promises to Help Sliding Russian Economy

With many paychecks weeks behind, crisis reminds nation of '90s collapse

Nov 21, 08 2:01 PM CST
(Newser) - Vladimir Putin proposed steps yesterday to stabilize the Russian economy as layoffs and deferred wages cause rising insecurity about the nation’s finances, the Wall Street Journal reports. Russian firms now owe $145 million in delayed wages to 300,000 people, and those figures may actually be higher—a fifth... More »

MORE ABOUT:
Russia • Vladimir Putin • wages • collapse • unemployment benefits • United Russia • economy • financial crisis

GLOSSIES

Working-Class Anger
May Boil Over Soon


Oct 15, 08 7:15 PM CDT
(Newser) - For a while now, the divide between rich and poor has gotten bigger, but it "hasn't sparked an outright political revolt," writes Reihan Salam in the Atlantic. That could change soon. Our fragile, 20-year "consumption compromise"—the era of cheap goods and cheap credit keeping economic... More »

MORE ABOUT:
business • middle class • wages • gas prices • undecided voters • Election 2008 • financial crisis

Consumers Squeezed, Spending Stalls

As prices rise, wages fall and unemployment jumps, spending growth has stalled

Oct 3, 08 10:45 AM CDT
(Newser) - The current economic crisis is shaping up to be different than others Americans have weathered in the past 20 years in an important respect, the Washington Post reports: consumer spending, which the nation could always count on to propel the economy through, has stalled. Real spending, the catalyst behind 70%... More »

MORE ABOUT:
Consumer Price Index • consumer confidence • wages • unemployment • consumer spending • GDP • credit crisis

Salary Gender Gap May Be All in Your Head

Traditional-minded men outearn supporters of equal pay

Sep 22, 08 12:09 PM CDT
(Newser) - Not only is the gender gap in pay persistent, it affects men as well as women. Men with traditional views on a woman's place in the world earn, on average, $12,000 more per year than men who believe in egalitarian business practices, the Washington Post reports. Traditionally minded women... More »

MORE ABOUT:
wages • salary gap • gender roles • gender bias • psychological research • gender in business

Inflation Hurts US Workers; Europeans
Keep Pace

But higher Europe wages drive up prices

Aug 22, 08 10:20 AM CDT
(Newser) - Workers in the US are falling behind inflation while their counterparts in the 15-nation Eurozone are keeping pace, in part because of more powerful unions, the Wall Street Journal reports. But rising wages may damage the European economies, as they deter companies from hiring and in turn boost inflation. When... More »

MORE ABOUT:
inflation • Consumer Price Index • wages • consumer prices • labor unions • wage increase • euro zone

 Sans Budget,
 Arnold to Slash
 Calif. Workers' Pay 

Gov threatens cut to minimum wage until state passes budget

Jul 24, 08 10:48 AM CDT
(Newser) - Arnold Schwarzenegger is threatening to ease California's cash-flow crisis by slashing the pay of 200,000 state workers to the federal minimum wage of $6.55 an hour, the San Francisco Chronicle reports. A draft executive order obtained by the Chronicle also ends overtime pay for all but emergency employees... More »

MORE ABOUT:
California • California legislature • Arnold Schwarzenegger • minimum wage • budget • wages

Stimulus' Boost Seen; How Long It Lasts Unsure

Economists debate impact, as inflation outpaces wage growth

Jun 27, 08 2:22 PM CDT
(Newser) - The government's stimulus package has worked—for now at least, the New York Times reports. Spending rose 0.4% last month, the Commerce Department said today, buoyed by the $50 billion in checks sent to consumers. But subtract the stimulus, and income levels rose only modestly, and wage growth lagged... More »

MORE ABOUT:
inflation • economic indicators • wages • income • consumer spending • economic stimulus package

1 - 20 of 34 Stories | 1 2 Next >>


from our news partners