America's Women and the Wage
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
The Budgetary Effects of the Raise the Wage Act of 2021 February 2021
The Budgetary Effects of the Raise the Wage Act of 2021 FEBRUARY 2021 If enacted at the end of March 2021, the Raise the Wage Act of 2021 (S. 53, as introduced on January 26, 2021) would raise the federal minimum wage, in annual increments, to $15 per hour by June 2025 and then adjust it to increase at the same rate as median hourly wages. In this report, the Congressional Budget Office estimates the bill’s effects on the federal budget. The cumulative budget deficit over the 2021–2031 period would increase by $54 billion. Increases in annual deficits would be smaller before 2025, as the minimum-wage increases were being phased in, than in later years. Higher prices for goods and services—stemming from the higher wages of workers paid at or near the minimum wage, such as those providing long-term health care—would contribute to increases in federal spending. Changes in employment and in the distribution of income would increase spending for some programs (such as unemployment compensation), reduce spending for others (such as nutrition programs), and boost federal revenues (on net). Those estimates are consistent with CBO’s conventional approach to estimating the costs of legislation. In particular, they incorporate the assumption that nominal gross domestic product (GDP) would be unchanged. As a result, total income is roughly unchanged. Also, the deficit estimate presented above does not include increases in net outlays for interest on federal debt (as projected under current law) that would stem from the estimated effects of higher interest rates and changes in inflation under the bill. -
Social Sciences: Achievements and Prospects Journal 3(11), 2019
Social Sciences: Achievements and Prospects Journal 3(11), 2019 Contents lists available at ScienceCite Index Social Sciences: Achievements and Prospects Journal journal homepage: http://scopuseu.com/scopus/index.php/ssap/index What are the differences between the study of Micro Economics and Macro Economics and how are they interrelated with regard to the drafting of economic policies to remain current and relevant to the global economic environment Azizjon Akromov 1, Mushtariybegim Azlarova 2, Bobur Mamataliev 2, Azimkhon Koriev 2 1 Student MDIST 2 Students Tashkent State University Economic ARTICLE INFO ABSTRACT Article history: As economics is mostly known for being a social science, studying production, Received consumption, distribution of goods and services, its primary goal is to care about Accepted wellbeing of its society, which includes firms, people, and so forth. The study of Available online economics mainly consists of its two crucial components, which are Keywords: microeconomics and macroeconomics. Together these main parts of economics are concerned with both private and public sector issues including, inflation, economic Macroeconomics, growth, choices, demand and supply, production, income, unemployment and many microeconomics, other aspects. It is already mentioned that wellbeing of society would be indicators, production, established when government, while making economics policies, assume all factors consumers, companies, including those people who are employed or unemployed, so that no one gets hurt economics, government or suffer in the end. When it comes to making economic decisions and policies, governments should take into consideration that decisions made on a macro level has huge impact on micro and the same with micro, firms, households, individuals’ behaviors and choices come as aggregate in total, then turns into macro level, which triggers the introduction of some policies. -
Minimum Wage, Official Workweek, and Overtime Compensation
ADMINISTRATIVE DIVISION POLICY NUMBER HR Division of Human Resources HR 1.84 POLICY TITLE Minimum Wage, Official Workweek, and Overtime Compensation SCOPE OF POLICY DATE OF REVISION USC System July 26, 2021 RESPONSIBLE OFFICER ADMINISTRATIVE OFFICE Vice President for Human Resources Division of Human Resources THE LANGUAGE USED IN THIS DOCUMENT DOES NOT CREATE AN EMPLOYMENT CONTRACT BETWEEN THE FACULTY, STAFF, OR ADMINISTRATIVE EMPLOYEE AND THE UNIVERSITY OF SOUTH CAROLINA. THIS DOCUMENT DOES NOT CREATE ANY CONTRACTUAL RIGHTS OR ENTITLEMENTS. THE UNIVERSITY OF SOUTH CAROLINA RESERVES THE RIGHT TO REVISE THE CONTENTS OF THIS DOCUMENT, IN WHOLE OR IN PART. NO PROMISES OR ASSURANCES, WHETHER WRITTEN OR ORAL, WHICH ARE CONTRARY TO OR INCONSISTENT WITH THE TERMS OF THIS PARAGRAPH CREATE ANY CONTRACT OF EMPLOYMENT. THE UNIVERSITY OF SOUTH CAROLINA DIVISION OF HUMAN RESOURCES HAS THE AUTHORITY TO INTERPRET THE UNIVERSITY’S HUMAN RESOURCES POLICIES. PURPOSE In accordance with the Fair Labor Standards Act (FLSA) and the State Human Resources Regulations, the University of South Carolina has established the following policy on minimum wage, the official workweek, and overtime compensation. DEFINITIONS Call Back Pay: Call back pay is pay for a non-exempt employee to report to work either before or after normal duty hours to perform emergency services. Compensatory Time: Leave time granted to an employee in lieu of overtime pay, subject to limits established in the FLSA. Exempt Employees: Employees of the University of South Carolina who are exempt from both the minimum wage and overtime requirements of the Fair Labor Standards Act (FLSA) due to employment in a bona fide executive, administrative, professional or outside sales capacity. -
Gender Pay Gaps
Equality and Human Rights Commission Briefing paper 2 Gender pay gaps David Perfect Gender pay gaps David Perfect, Equality and Human Rights Commission © Equality and Human Rights Commission 2011 First published Spring 2011 ISBN 978 1 84206 351 4 Equality and Human Rights Commission Research The Equality and Human Rights Commission publishes research carried out for the Commission by commissioned researchers and by the Research Team. The views expressed in this report do not necessarily represent the views of the Commission. The Commission is publishing the report as a contribution to discussion and debate. Please contact the Research Team for further information about other Commission research reports, or visit our website: Research Team Equality and Human Rights Commission Arndale House The Arndale Centre Manchester M4 3AQ Email: [email protected] Telephone: 0161 829 8500 Website: www.equalityhumanrights.com You can download a copy of this report as a PDF from our website: http://www.equalityhumanrights.com/ If you require this publication in an alternative format, please contact the Communications Team to discuss your needs at: [email protected] Key findings Men working full-time continue to have higher average (mean) hourly, weekly and annual earnings than women. Across the United Kingdom, the mean full-time gender pay gap (the difference in percentage terms between the average earnings of women and men working full-time) in 2010 was 15.5 per cent for hourly earnings excluding overtime and 21.5 per cent for gross weekly earnings. The gap was wider in weekly than hourly earnings, since men tend to work longer weekly hours than women and are also more likely to receive additional payments, such as overtime. -
Macroeconomics Course Outline and Syllabus
City University of New York (CUNY) CUNY Academic Works Open Educational Resources New York City College of Technology 2018 Macroeconomics Course Outline and Syllabus Sean P. MacDonald CUNY New York City College of Technology How does access to this work benefit ou?y Let us know! More information about this work at: https://academicworks.cuny.edu/ny_oers/8 Discover additional works at: https://academicworks.cuny.edu This work is made publicly available by the City University of New York (CUNY). Contact: [email protected] COURSE OUTLINE FOR ECON 1101 – MACROECONOMICS New York City College of Technology Social Science Department COURSE CODE: 1101 TITLE: Macroeconomics Class Hours: 3, Credits: 3 COURSE DESCRIPTION: Fundamental economic ideas and the operation of the economy on a national scale. Production, distribution and consumption of goods and services, the exchange process, the role of government, the national income and its distribution, GDP, consumption function, savings function, investment spending, the multiplier principle and the influence of government spending on income and output. Analysis of monetary policy, including the banking system and the Federal Reserve System. COURSE PREREQUISITE: CUNY proficiency in reading and writing RECOMMENDED TEXTBOOK and MATERIALS* Krugman and Wells, Eds., Macroeconomics 3rd. ed, Worth Publishers, 2012 Leeds, Michael A., von Allmen, Peter and Schiming, Richard C., Macroeconomics, Pearson Education, Inc., 2006 Supplemental Reading (optional, but informative): Krugman, Paul, End This Depression -
Saving out of Different Types of Income
LESTER D. TAYLOR* Universityof Michigan Saving out of Diferent Types of Income IT HAS ALWAYSBEEN A SOURCEof professionalpride to me to be able to tell my undergraduatestudents in macro theory that economists know a lot about what makes consumers tick. However, in light of the experience of the past several years, I now state this proposition much more circumspectly, and perhaps should restrain myself altogether. For the fact is that in the last three or four years, the consumer has done few things predicted of him. To be sure, there have been some new elements in the picture: interest rates at the highest levels in a century; a "roaring" inflation, at least by contem- porary U.S. standards; and a temporary tax increase. But even so, the con- sumer seems to have injected his own element of eccentricity. Among other things, he was thrifty in 1967 and the first half of 1968 on a scale then un- precedented for the postwar period. And while he regained his taste for spending in the last half of 1968, it was rather short-lived. For in the third quarter of 1969, the personal saving rate again began to rise, and from the third quarter of 1970 through the second quarter of 1971, was in excess of the unheard-of level of 8 percent. * Computationsand researchassistance supported by the National Science Founda- tion. I am gratefulto membersof the Brookingspanel for commentsand criticisms,to Daniel Weiserbsand Angelo Mascarofor researchassistance, and to Joan Hinterbichler and PatriciaRamsey for secretarialassistance. I have also greatlybenefited from access to an unpublishedpaper of H. -
MINIMUM WAGE Sheryl Maxfield Director
Mike DeWine Governor STATE OF OHIO Jon Husted Lt. Governor 2021 MINIMUM WAGE Sheryl Maxfield www.com.ohio.gov Director NON-TIPPED EMPLOYEES A Minimum Wage of $8.80 per hour “Non-Tipped Employees” includes any employee who does not engage in an occupation in which he/she customarily and regularly receives more than thirty dollars ($30.00) per month in tips. “Employers” who gross less than $323,000 shall pay their employees no less than the current federal minimum wage rate. “Employees” under the age of 16 shall be paid no less than the current federal minimum wage rate. “Current Federal Minimum Wage” is $7.25 per hour. TIPPED EMPLOYEES A Minimum Wage of $4.40 per hour PLUS TIPS “Tipped Employees” includes any employee who engages in an occupation in which he/she customarily and regularly receives more than thirty dollars ($30.00) per month in tips. Employers electing to use the tip credit provision must be able to show that tipped employees receive at least the minimum wage when direct or cash wages and the tip credit amount are combined. OVERTIME INDIVIDUALS EXEMPT FROM MINIMUM WAGE 1. An employer shall pay an employee for overtime at a wage rate of one and one-half times the employee’s wage rate for hours in 1. Any individual employed by the United States; excess of 40 hours in one work week, except for employers grossing less than $150,000 per year. 2. Any individual employed as a baby-sitter in the employer’s home, RECORDS TO BE KEPT BY THE EMPLOYER or a live-in companion to a sick, convalescing, or elderly person whose principal duties do not include housekeeping; 1. -
The Oppressive Pressures of Globalization and Neoliberalism on Mexican Maquiladora Garment Workers
Pursuit - The Journal of Undergraduate Research at The University of Tennessee Volume 9 Issue 1 Article 7 July 2019 The Oppressive Pressures of Globalization and Neoliberalism on Mexican Maquiladora Garment Workers Jenna Demeter The University of Tennessee, Knoxville, [email protected] Follow this and additional works at: https://trace.tennessee.edu/pursuit Part of the Business Administration, Management, and Operations Commons, Business Law, Public Responsibility, and Ethics Commons, Economic History Commons, Gender and Sexuality Commons, Growth and Development Commons, Income Distribution Commons, Industrial Organization Commons, Inequality and Stratification Commons, International and Comparative Labor Relations Commons, International Economics Commons, International Relations Commons, International Trade Law Commons, Labor and Employment Law Commons, Labor Economics Commons, Latin American Studies Commons, Law and Economics Commons, Macroeconomics Commons, Political Economy Commons, Politics and Social Change Commons, Public Economics Commons, Regional Economics Commons, Rural Sociology Commons, Unions Commons, and the Work, Economy and Organizations Commons Recommended Citation Demeter, Jenna (2019) "The Oppressive Pressures of Globalization and Neoliberalism on Mexican Maquiladora Garment Workers," Pursuit - The Journal of Undergraduate Research at The University of Tennessee: Vol. 9 : Iss. 1 , Article 7. Available at: https://trace.tennessee.edu/pursuit/vol9/iss1/7 This Article is brought to you for free and open access by -
Montgomery County (An Employer of One Employee Is Subject to the County Minimum Wage Law After 7/1/19.)
Minimum Wage and Overtime Law Montgomery County (An employer of one employee is subject to the County minimum wage law after 7/1/19.) Montgomery (Chapter 27, Article XI, Montgomery County Code ) Minimum Wage County Most employees must be paid the Montgomery Co. Minimum Wage Rate. Employees age 18 Minimum Wage Rates and under working under 20 hours per week are exempt from this rate. Tipped Employees (earning more than $30 per month in tips) must earn the Montgomery Co. Large Employers with 51 Minimum Wage Rate per hour. Employers must pay at least $4.00 per hour. This amount or more employees: plus tips must equal at least the Montgomery Co. Minimum Wage Rate. Subject to the adoption of related regulations, restaurant employers who utilize a tip credit are required to $14.00 provide employees with a written or electronic wage statement for each pay period showing After 7/1/20 the employee’s effective hourly rate of pay including employer paid cash wages plus tips for tip credit hours worked for each workweek of the pay period. Additional information and $15.00 updates will be posted on the Maryland Department of Labor website. After 7/1/21 Employees under 18 years of age must earn at least 85% of the State Minimum Wage Rate $15.00+CPI-W1 After 7/1/22 Overtime Most employees must be paid 1.5 times their usual hourly rate for all work over 40 hrs. per Mid-sized Employers with week. Exceptions: 11 to 50 employees Employees of bowling establishments, and institutions providing on-premise care (other than hospitals) to the sick, the aged, or individuals with disabilities for all work over 48 $13.25 hrs. -
COVID-19: Unemployment Compensation Benefits Returning to Work and Refusal to Work - Information for Employers
FACT SHEET #144C JUNE 2020 COVID-19: Unemployment Compensation Benefits Returning to Work and Refusal to Work - Information for Employers Michigan’s unemployment insurance law and the Federal Coronavirus Aid, Relief, and Economic Security (CARES) Act requires individuals collecting unemployment benefits to be available for suitable work and accept an offer of suitable work. When an employer makes an offer of suitable work to an employee or makes an offer for an employee to return to their customary work, the employee can possibly lose unemployment benefits if he/she refuses. Wages, workplace safety, and other factors are considered in determining whether work is “suitable.” Suitable work includes that workplace conditions must be safe o Employers must follow current state and federal requirements and guidance to maintain a safe workplace in general and due to COVID-19. o State and federal requirements and guidance on COVID-19 include information from the following sources (as of date of publication): . Michigan’s Stay Home, Stay Safe orders . Michigan Occupational Safety and Health Administration (MIOSHA): . Occupational Safety and Health Administration (OSHA) . Centers for Disease Control and Prevention (CDC) . Michigan Safe Start Plan Check with each government entity for up-to-date guidance and regulations. Work is not considered to be suitable if the employer is unable or unwilling to provide a safe workplace as required by current state and federal law and guidance. Employers have the burden to prove that workplaces are safe and -
The Fair Labor Standards Act of 1938, As Amended
The Fair LaboR Standards Act Of 1938, As Amended U.S. DepaRtment of LaboR Wage and Hour Division WH Publication 1318 Revised May 2011 material contained in this publication is in the public domain and may be reproduced fully or partially, without permission of the Federal Government. Source credit is requested but not required. Permission is required only to reproduce any copyrighted material contained herein. This material may be contained in an alternative Format (Large Print, Braille, or Diskette), upon request by calling: (202) 693-0675. Toll-free help line: 1-866-187-9243 (1-866-4-USWAGE) TTY TDD* phone: 1-877-889-5627 *Telecommunications Device for the Deaf. Internet: www.wagehour.dol.gov The Fair Labor Standards Act of 1938, as amended 29 U.S.C. 201, et seq. To Provide for the establishment of fair labor standards in emPloyments in and affecting interstate commerce, and for other Purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That this Act may be cited as the “Fair Labor Standards Act of 1938”. § 201. Short title This chapter may be cited as the “Fair Labor Standards Act of 1938”. § 202. Congressional finding and declaration of Policy (a) The Congress finds that the existence, in industries engaged in commerce or in the Production of goods for commerce, of labor conditions detrimental to the maintenance of the minimum standard of living necessary for health, efficiency, and general well-being of workers (1) causes commerce and the channels and instrumentalities of commerce to be used to sPread and Perpetuate such labor conditions among the workers of the several States; (2) burdens commerce and the free flow of goods in commerce; (3) constitutes an unfair method of competition in commerce; (4) leads to labor disputes burdening and obstructing commerce and the free flow of goods in commerce; and (5) interferes with the orderly and fair marketing of goods in commerce. -
Inclusive Capitalism for the American Workforce Reaping the Rewards of Economic Growth Through Broad-Based Employee Ownership and Profit Sharing
AP PHOTO/STEVE PHOTO/STEVE AP H ELBER Inclusive Capitalism for the American Workforce Reaping the Rewards of Economic Growth through Broad-based Employee Ownership and Profit Sharing Richard B. Freeman, Joseph R. Blasi, and Douglas L. Kruse March 2011 WWW.AMERICANPROGRESS.ORG Inclusive Capitalism for the American Workforce Reaping the Rewards of Economic Growth through Broad-based Employee Ownership and Profit Sharing Richard B. Freeman, Joseph R. Blasi, and Douglas L. Kruse March 2011 Contents 1 Introduction and summary 5 The problem and the reform 5 The problem 7 The reform 11 The tax consequences 15 The consequences of our reform 15 Broad-based incentive systems work 18 Narrow incentive pay systems don’t work 22 The implications of reform 22 Taxes 23 Company responses 26 Worker responses and risk 28 Conclusion 29 Endnotes 32 About the authors and acknowledgements Introduction and summary The American model of capitalism needs major institutional reforms to regain its economic health and do what it has failed to do for the past three to four decades—ensure that the benefits of economic progress reach the bulk of our citizens. Well before the recent housing and financial crises, the Great Recession of 2007-2009, and the ensuing jobless recovery, the U.S. economy was not deliv- ering the benefits of sustained economic growth to the vast bulk of workers. From the mid-1970s through the 2000s the earnings of most American workers increased more slowly than the rate of productivity growth. Real median earnings barely rose even as gross domestic product per employed worker grew substan- tially.1 This contrasts with the nearly equal rates of real earnings growth and pro- ductivity growth from the turn of the 20th century through the early 1970s, which created a large prosperous middle class.