Tag: Jobs
Income Inequality
Why Trickle-Down Economics Works in Theory But Not in Fact
Tax cuts do not cause “job creators” to hire more people or to invest in equipment, because the after tax cost higher. For example, the net cost of a $10,000 item is $8,000 when the tax rate is 20%. When the tax rate is 40% the after-tax cost is only $6,000, and more likely to pay for itself. A piece of equipment (or an employee) needs to bring in more revenue than they cost, and this is less likely to happen with a lower tax rate. However, when poor and middle class households get money, including from tax cuts, that money is much more likely to be immediately spent, stimulating the economy.
Rest In Peace AFL-CIO President Richard Trumka
We lost a champion of worker rights today, AFL-CIO President Richard Trumka. Tell your representatives and Senator that you want the PRO Act passed as well as the Jobs Plan in honor of Richard Trumka.
Living Wage
The Infrastructure Plan
The Infrastructure Plan is covering many areas of Safety and creating a Greener Country for all of our citizens.
It’s time to give America a pay raise!
In Honor of Labor Day
JUST RELEASED: In celebration of Labor Day and the working Hoosier families responsible for raising productivity and profits in Indiana, the Indiana Institute for Working Families is pleased to release ‘The Status of Working Families in Indiana, 2018: How to return Indiana to its place as a leader in jobs, wages, and the economy in the Midwest and the U.S.’ The report finds that despite Hoosiers’ hard work, state policy choices are preventing them from being properly rewarded, with key indicators including incomes and rates of working poor families near the bottom of the Midwest, and with trends moving towards the South.
“The data in this report should be a wake-up call to all Hoosiers that Indiana is now a fundamentally different state for working families in 2018 than it was at the beginning of the 21st century,” said Senior Policy Analyst and report author Andrew Bradley. “The average Hoosier now makes less per hour than the average Southerner, with per capita incomes next-to-last in the Midwest even adjusting for cost of living, plus state forecasts that 7 in 10 jobs will be in low-wage occupations by 2026. These aren’t accidents or bad luck, but the results of policy choices that have kept job quality standards low, weakened the safety net, widened income inequality, and put an increasing state tax burden on middle class and working families. But the good news is that Hoosiers will find a way to get the job done if they’re given the right tools. It’s time for Indiana to implement an Agenda for Working Hoosier Families and reclaim its spot as a leader in the Midwest and the U.S.,” Bradley said.
Read the full report: http://www.incap.org/iiwf/2018status.html