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March 29, 2024

Today in 1948
“Battle of Wall Street,” police charge members of the United Financial Employees’ Union, striking against the New York Stock Exchange and New York Curb Exchange (now known as the American Stock Exchange). Forty-three workers are arrested in what was to be the first and only strike in the history of either exchange. ~ Labor Tribune

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Study: A $15 Federal Minimum Wage Won’t Cost Americans Jobs
Posted On: Jul 08, 2019
July 8, 2019 | WAGES | The first study analyzing the effects of a $15 federal minimum wage is out: Its impact on inequality could be huge — while its impact on job loss is likely small to none. More importantly, doubling the federal minimum wage to $15 an hour by 2024 would also likely boost incomes for the poorest households in rural counties, according to a white paperreleased Tuesday by economists Anna Godoey and Michael Reich at the University of California Berkeley. They found no evidence that such a large wage hike would lead to significant job losses or fewer work opportunities — something big business groups often warn about… Vox
 
 
Teamsters Local 355
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