Posts tagged inflation
Push in states for $20 minimum wage as inflation persists
March 30, 2023 // Cindy Lee, the owner of a bowling alley in Endicott, New York, said she’s struggling to pay off loans taken out during the pandemic that kept her business afloat. “All this cost all at once is just going to kill us. I definitely will have to cut corners somewhere with employees if wages are raised,” said Lee, adding that she’d also have to increase prices on bowling, food and liquor. The federal minimum wage in the United States has stayed at $7.25 per hour since 2009, but states and some localities are free to set higher amounts. Thirty states have chosen to do so.
Graduate Unions: Why Student Workers at University of California, Temple, More Are Striking
March 27, 2023 // HELU was founded in 2021 in an effort to fill those shoes. At a digital summit that July, members of 75 unions and labor organizations convened to draft a “vision platform” laying out everything from their legislative commitments (like Sen. Bernie Sanders’s College for All Act) to their support of student debt cancelation. The endgame is a unified academic labor movement capable of securing public investment and reorienting higher ed to “prioritize people and the common good over profit and prestige.” To date, 130 unions and affiliated groups representing over half a million workers have endorsed the platform. The first step in realizing this vision, says Jaime, who attended the 2021 summit, is to build union density. “Transforming academia is not going to happen in one single contract campaign. We have to organize workers in every single university in order to achieve real change,” he says.
Biden Shoveled $36 Billion In Taxpayer Funds To Bail Out Teamsters For Mismanaged Pensions
March 5, 2023 // Lost in all of this has been one spectacular giveaway: $100,000 per beneficiary of the Central States Pension Fund (CSPF). The fund provides pension benefits to nearly 360,000 private-sector workers and retirees, mostly Teamsters Union members. U.S. Rep. Kevin Brady, R-Texas, called the deal out in December, noting it was “the largest private pension bailout in American history” that benefited only “a tiny minority of workers.” He suggested it resulted from the insanity of “allowing those who mismanaged pensions to determine whether their funds qualify for taxpayer assistance with no safeguards.” The $36 billion comes almost two years after the passage of the $1.9 trillion American Rescue Plan. That “rescue” was the Biden administration’s Covid spending bonanza. Biden signed it into law in the spring of 2021, when the economy was already well into recovery. The housing market was booming. The stock market was on a steady upward climb. It was obvious that the “rescue” would cause inflation. It was obvious Democrats were taking advantage of an opportunity to give away public largesse. And did they ever. Lest we doubt the ongoing influence of the Teamsters in American politics, the recent $36 billion giveaway says it all. It says to the union bosses, who make up half of the CSPF board: “You can watch the pension fund’s health decline for decades. You can make unrealistic promises to employees. You can keep the plan below 75 percent funded. You can depend on a pyramid concept where imaginary new members keep coming in to pay for retired members. None of that matters now. The politicians you own will bail you out with the public’s money. In fact, you can take such largesse that union workers in other multi-employer plans get left with only crumbs. Write yourself a check. And, as a bonus, we won’t ask you to change anything.”
Millions of men are leaving the workforce. Here’s the lasting impact that has on the economy.
February 24, 2023 // But a less publicized factor is that men ages 25 to 54, have been dropping out of the workforce for decades. Their participation rate rebounded somewhat from 2017 to 2019 as unemployment fell and wages increased in a vibrant labor market. But it slid during the health crisis and has yet to fully recover despite record job growth over the past two years. A 2021 study by the Federal Reserve Bank of Richmond also cites a rise in male substance abuse and even heavy video game use. Another study several months ago by the Federal Reserve Bank of Boston cites a less obvious reason: Non-college-educated men have left the labor force in greater numbers as the shortfall in their wages compared to college-educated men has increased, the study says.
Opinion: Labor unions, workers and the need to think outside the box
February 23, 2023 // The California Policy Center reports that as of December 2022, 27.1% of eligible public employees in California have chosen not to pay into government unions. Last November, employees of the local union SEIU 2015, a statewide union representing public employees in California, went on strike alleging unfair labor practices at SEIU 2015. Every two year election cycle hundreds of millions of dollars worth of membership dues from public sector unions in California alone are spent financing elections and lobbying efforts. And, because of a longstanding California employment law, employees from the University of California system are now being forced to repay wages they received while on strike last fall. These examples point to a larger issue: traditional unions are not protecting and supporting their own members.
Workers exert leverage in tight labor market: Strikes doubled in 2022
February 23, 2023 // About 224,000 total people walked off the job in 424 strikes, up from 279 strikes in 2021. Most of them were demanding better pay and healthcare. Fast food workers with the "Fight for $15" campaign and Starbucks baristas organized over 100 strikes. In one of the most memorable, a number of Starbucks workers at stores across the country refused to man the espresso machines on "Red Cup Day" — the start of the profitable holiday drink season for the company. But education workers put the biggest stamp on labor action. About 60% of the workers striking in 2022 were educators, meaning the spotlight continues to be on frontline sectors after healthcare workers drove most of the action 2021, during the height of the pandemic.
As Federal Cash Flows to Unions, Democrats Hope to Reap the Rewards
February 13, 2023 // In places like West Virginia, money from three major laws passed by Congress is pouring into the alternative energy industry and other projects. “I think it’s a renaissance for the labor movement,” said one union official. Beyond the inflation act, Democrats, with help from a few Republicans, were able to add prevailing wage requirements to the semiconductor bill. And both the Energy and Transportation Departments are making clear that access to unions, payment of prevailing wages and commitments to local hiring will be big advantages for competitive bidders seeking infrastructure and highway electrification projects, though Republican governors like Joe Lombardo in Nevada are trying to block some of those requirements.
New York City teachers union holds ‘teach-in’ protest over wages
February 7, 2023 // United Federation of Teachers (UFT), held a “teach-in” protest last week, where teachers reported to work, but did not teach classes. Instead, teachers gathered in a room to discuss issues of their choosing, such as political subjects like environmental justice or labor. On UFT’s website, the union wrote that the teach-in protest is to “encourage engagement and activism,” but the purpose of this week’s protest is to call for a new contract. UFT said that the protest will “engage in a discussion about the power of our contract in shaping our experience as educators and then brainstorm actions your school can organize as part of our fight for the contract we deserve.”
To afford historic labor contract, UC considers cutting TAs, graduate student admissions
February 1, 2023 // The full financial cost of the labor settlements between UC and 48,000 academic workers who help power the vaunted teaching and research engine are still being tallied. But preliminary estimates have dealt a “financial shock to the system,” said Rosemarie Rae, UC Berkeley chief financial officer. The UC Office of the President estimates that the increased costs for salary, benefits and tuition across all 10 campuses will be between $500 million and $570 million over the life of the contracts. Individual campuses have come up with their own calculations: At UC Santa Barbara, for instance, the Academic Senate chair estimated that the cost of pay hikes alone could spiral to more than $53 million over three years.