Compiled by the Bureau of Labor Statistics, the ECI usually gets little attention from the general media. Here’s why it’s a statistic worth tracking: Its current tiny increases are helping keep inflation in check and allowing t…
As part of its efforts to reduce its labor costs, Walmart plans to stop paying its staff an extra $1 an hour for working Sundays starting in 2011, according to Bloomberg. The move won’t affect the retailer’s 1.4 million current…
Low pay, lack of benefits and other issues drove Ayo Collins and three other Jimmy John’s workers to enlist the aid of the Chicago-based Industrial Workers of the World to help organize 10 targeted Minneapolis stores. The effor…
Besides the unemployed, nobody is getting hurt worse in this economy than seniors. Prices on many commodities are skyrocketing, but the Consumer Price Index, which is the yardstick used to adjust Social Security for inflation,…