Posts tagged COLA
UAW demands cost-of-living salary adjustment as Americans feel pinch of inflation
September 26, 2023 // COLA, or cost-of-living adjustments to paychecks, are well-known by Social Security recipients, millions of whom live on a fixed income and carefully track the yearly, inflation-adjusted tweaks to their benefits. But for anyone else, the pay bumps that were baked into many union contracts for decades have fallen away over the last half-century. The government has even stopped tracking data on them. The prominence of unions in the 1970s and '80s also helped COLA numbers. Data from the BLS shows that 20% of American workers were union members in 1983 ‒ the first year for which comparable data are available ‒ versus 10% in 2022.
‘I want to work’: UAW members face financial turmoil amid strike, share frustrations
September 22, 2023 // "This doesn't just affect me," Mitchell said. "This plant runs the city. This is affecting other people because now our suppliers are out of work. And the way they said it works in Ohio is, if you are laid off because of a strike you can't get unemployment." Desia Clement, a spokesperson for the Ohio Department of Job and Family Services, confirmed that workers involved in a labor dispute such as a strike may not be eligible for unemployment benefits, but noted that every claim is unique and decided on a case-by-case basis.
Opinion: Bernie Sanders to Big 3 CEOs: “It is time for you to end your greed.”
September 19, 2023 // Bernie Sanders: "the average American worker is worse off today than he or she was 50 years ago."