Economics

/Economics

6 ways Medicaid cuts under GOP health care overhaul could impact schools | PBS NewsHour

For school districts still getting their financial footing after the Great Recession, the Medicaid changes being advanced as part of the health care overhaul are sounding familiar alarms. Administrators say programming and services even beyond those that receive funding from the state-federal health care program could be at risk should Congress follow through with plans [...]

6 ways Medicaid cuts under GOP health care overhaul could impact schools | PBS NewsHour 2017-10-15T11:00:16+00:00

AFT’s Weingarten on Betsy DeVos’ Scrapping of Student Loan Borrower Protections | American Federation of Teachers

“Secretary DeVos—with the stroke of a pen—has reinstated the Wild West of student loans where servicers get to play by their own rules, and borrowers get fleeced. Her decision rescinds the most basic protections student debtors have when dealing with servicers, like expecting their bills to be accurate and their payments to be processed on [...]

AFT’s Weingarten on Betsy DeVos’ Scrapping of Student Loan Borrower Protections | American Federation of Teachers 2017-10-15T07:40:37+00:00

Reining in Wall Street to Benefit All Americans

There has been considerable interest in financial transactions taxes (FTTs) in the United States and other wealthy countries in the years since the financial crisis. An FTT can be a way to both raise a large amount of revenue and also rein in the financial sector. This report examines the evidence on the potential for [...]

Reining in Wall Street to Benefit All Americans 2017-10-15T07:41:06+00:00

Protecting Workers in a Patchwork Economy

Work, once a matter of years of commitment to a single trade, career track, or even one employer, has in recent years undergone a radical transformation. From measuring work in units of decades, all pointed toward an engraved watch at retirement, we have swung far in the other direction, toward a world in which work [...]

Protecting Workers in a Patchwork Economy 2017-10-15T07:41:21+00:00

How we tackle retirement insecurity — Medium

Retirement insecurity is the new normal in America. And it’s a direct result of the shameful economic imbalance in the United States that is manifest in inadequate, stagnant wages and dwindling assets for the many, and skyrocketing assets for the elite few. When our economy crashed and Americans lost their jobs, their homes and their [...]

How we tackle retirement insecurity — Medium 2017-10-15T07:41:32+00:00

Let’s Raise The Wage Already : U.S. Department of Labor Blog

It’s been almost 8 years since Congress last raised the national minimum wage. This step is overdue. We’ve waited long enough. In nearly two years as Labor Secretary, I’ve sat down with so many low-wage workers for whom every day involves struggle and sacrifice. For them, just a few more dollars an hour would mean [...]

Let’s Raise The Wage Already : U.S. Department of Labor Blog 2017-10-15T07:41:45+00:00

Teacher Pay Starts Low, Grows Slowly, Is Generally Awful, Report Says – Teaching Now – Education Week Teacher

Which states pay their experienced teachers the worst? A new report by the Center for American Progress argues that teachers not only have bad starting pay in many states, but also that teachers are unlikely to see major salary gains even after several years of teaching. The study by the Washington-based liberal think tank collected [...]

Teacher Pay Starts Low, Grows Slowly, Is Generally Awful, Report Says – Teaching Now – Education Week Teacher 2017-10-15T07:41:55+00:00

China’s 1 Percent vs. America’s 1 Percent – Businessweek

A new study by Peking University’s Social Science Research Center pulls back the curtain a bit on China’s überwealthy. The richest 1 percent of Chinese households control more than a third of the country’s wealth, according to the July 26 study. Most of that is tied up in real estate. In 2012, the study says, real estate [...]

China’s 1 Percent vs. America’s 1 Percent – Businessweek 2017-10-15T07:42:27+00:00

America’s Middle Class Falls Behind | TIME.com

Once the juggernaut of the American economy and the envy of the world, the middle class has finally lost its position as the richest in the world, according to a new report. The New York Times, citing an analysis of survey data going back 35, reports that the middle class in the United States has [...]

America’s Middle Class Falls Behind | TIME.com 2017-10-15T07:42:41+00:00

Student Loan Borrowers’ Costs To Jump As Education Department Reaps Huge Profit

The U.S. Department of Education is forecast to generate $127 billion in profit over the next decade from lending to college students and their families, according to the Congressional Budget Office.Beginning in the 2015-16 academic year, students and their families are forecast to pay more to borrow from the department than they did prior to [...]

Student Loan Borrowers’ Costs To Jump As Education Department Reaps Huge Profit 2017-10-15T07:42:50+00:00