marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
benefits
10/26/2023
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By Laura Harris
3,700 Detroit casino workers launch strike for better pay and improved working conditions
Over 3,700 casino workers in Detroit have announced a strike against three major casinos in the city after the breakdown of contract negotiations over the summer. The casino workers are demanding higher wages and improved working conditions as the cost of living in the United States continues to skyrocket. The Detroit Casino Council (DCC) consists […]
05/01/2023
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By Ramon Tomey
California businesses still paying for Julie Su’s $31B mistake
Businesses in California are still shouldering the $31 billion mistake of Acting Labor Secretary Julie Su three years on. The so-called “Su tax” was a hike in payroll taxes imposed to offset the massive benefits fraud that happened during the Wuhan coronavirus (COVID-19) pandemic in 2020. Nearly 60 businesses and agriculture groups in the Golden […]
04/05/2023
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By Cassie B.
Social security expected to run out of money by 2033, a year earlier than previous predictions
The Social Security trust funds that pay for the benefits of 67 million Americans are now expected to run out in 2033, a year earlier than previous projections. This is according to the yearly trustees’ report released last week by the Treasury Department. The impending insolvency is largely due to a 3 percent downward revision […]
07/13/2020
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By Franz Walker
OECD urges governments to scale back coronavirus-related wage subsidies
The Organization for Economic Cooperation and Development (OECD) is now asking governments to stop wage subsidies meant to keep workers employed to encourage these workers to move out of shrinking sectors. This is despite the organization still encouraging governments to continue paying unemployment benefits. Founded in 1961, the 37-member OECD’s job is to stimulate economic progress and world […]
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