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September 24, 2018

On This Day in 1887

According to folklorist John Garst, steel-drivin? man John Henry, born a slave, outperformed a steam hammer on this date at the Coosa Mountain Tunnel or the Oak Mountain Tunnel of the Columbus and Western Railway (now part of the Norfolk Southern) near Leeds, Ala. Other researchers place the contest near Talcott, W.Va.
- Union Communication Services


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Maybe Worker Inequality Isn’t Inevitable After All
Posted On: Aug 10, 2018
August 10, 2018 | ECONOMY | …[I]n terms of the composition of wage growth, the late 1990s was a time of widening income inequality, with high earners pulling away from low earners. Today, by comparison, the lowest-paid earners have the fastest wage growth. As the labor market continues to tighten, and as minimum wage levels go up around the country, the lowest-paid and presumably least-educated workers should continue to see strong wage growth. This isn't to say that income inequality isn't a problem or that we shouldn't be doing more to help workers, but it shows that for two groups of workers thought to be left behind -- goods-producing and the least educated -- things are actually moving in the right direction. They're currently benefiting from the economic environment more than workers at the high end of the income scale…  Bloomberg

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