Economic Policy Institute News
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Occupations paying below-average wages accounted for more than half of last month’s U.S. payroll increase, a dynamic that may restrain consumer spending and the economic recovery.
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As both worker and boss, Neeraj Gupta has profited from the H-1B U.S. immigration program.
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Alejandrino Honorato’s journey began with a smuggler who led him across the Rio Grande, into the Texas desert with little food or water and finally to a field where he picked tobacco to pay his passage. Living illegally in a labor camp, he didn’t know lawmakers in Washington were deciding his future.
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Tyree Johnson scrubs himself with a bar of soap in a McDonald’s bathroom and puts on fresh deodorant. He stashes his toiletries in a Kenneth Cole bag, a gift from his mother who works the counter at Macy’s, and hops on an El train. His destination: another McDonald’s.
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Gina Deluca says she was shocked when she moved to New Mexico from California and discovered that her hourly wage as a waitress fell to a federal minimum of $2.13. Her old state required at least $6.75 for all workers at the time.
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The U.S. government paid almost $80 million in unemployment benefits during the worst of the economic downturn to households that made more than $1 million, including a record $29.9 million in 2010, tax records show.
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Jerry Limbeck and his son Andrew both got the bad news the same day in October, in the form of a folder with a color-coded sticker. It meant that after months of assembling turbines, they were losing their jobs in the Windsor, Colorado, factory of Vestas Wind Systems AS.
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In the old days, the U.S. program for foreign-student visas helped developing nations and brought diversity to then white-bread American campuses. Today, the F-1 program, as it is known, has become a profit center for universities and a wage-suppression tool for the technology industry.
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Automatic cuts set to take effect today will pinch U.S. government functions as the country enters a more austere era that could push discretionary spending as a share of the economy to its lowest level in at least 50 years.
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The wealthy look set to enjoy a windfall in the closing weeks of the year as companies push money out the door to beat the higher tax rates advocated by President Barack Obama.
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