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October 22, 2014

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Today in Labor History
Oct. 21, 1933:  Wisconsin dairy farmers begin their third strike of the year in an attempt to raise the price of milk paid to producers during the Great Depression. Several creameries were bombed before the strike ended a month later. The economy eventually improved, allowing the farmers to make more money.
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Beware The 'Chained' CPI
Updated On: Dec 18, 2012

Dec. 18, 2012 | The chained CPI is a cut in Social Security Benefits and a "stealth" tax hike. As Republicans in Congress take a hard line in the sand against higher tax rates for millionaires and billionaires, they are demanding a Social Security benefit cut through a lower Cost of Living Adjustment (COLAs). The lower COLA would result from the adoption of a new formula for calculating COLAs called "Chained CPI." What is that and what will it mean for working people, especially middle-and lower-income families? Learn about it here. View explanatory graphic here.


 
 
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