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Category: Economy

How to Fix Social Security Without Cutting a Penny

by Sam Pizzigati | Nov 26, 2013 | Economy

Budget cuts have lowered the nation’s average food stamp benefit to less than $1.40 per person per meal. Seventy percent of local agencies that service seniors have had to cut back on Meals on Wheels deliveries. “Sequestration” has also shut out 57,000 preschoolers from Head Start. Next in the cross-hairs? Maybe the biggest of them […]

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Fix the Debt? Make Everyone Pay Their Share in Payroll Taxes

by Sarah Anderson | Nov 21, 2013 | Economy

  (David Cote, right | Source: Bloomberg/Getty via CNN) David Cote, the CEO of Honeywell, has more than $134 million in his personal retirement fund. If I were sitting on a nest egg that big, I might feel a bit sheepish about telling ordinary grandmas and grandpas to take a cut in their Social Security […]

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What Really Happens to Your Tip?

by Saru Jayaraman | Nov 14, 2013 | Economy

(Source: Getty) I was asked during a recent interview what happens to the tips we leave in restaurants. Do they actually go to the workers? I said they’re supposed to. Often they don’t. First, tips don’t only go to servers. They are typically shared—with bussers, runners, bartenders, floor captains, and more. These workers receive varying […]

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It Takes Grit to Rebuild Families and Communities

by Sherry Linkon | Nov 12, 2013 | Economy

Jack Metzgar argued recently that working-class grit has value for all of us. Perhaps the most talked about notion of grit is Angela Lee Duckworth’s. She defines grit as maintaining “effort and interest over years despite failure, adversity, and plateaus in progress.” Duckworth created a “grit scale” focusing on the individual’s ability to commit to […]

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Counting the .01 Percent’s Uncounted Wealth

by Sam Pizzigati | Nov 11, 2013 | Economy

How unequal have workplaces in the United States become? Our best answer happens to come from an unlikely source: the Social Security Administration. Social Security statisticians each year tally up how much compensation gets reported on W-2s, those forms that employers have to file for employees at all their worksites, from mailrooms to executive suites. […]

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