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Income and Spending Skyrocket, Foreshadowing Economic Regrowth

Income and Spending Skyrocket, Foreshadowing Economic Regrowth

by Allison Nicole Smith | Mar 1, 2021 | Featured, Personal Income

Pandemic relief lifted U.S. household incomes to historic heights, and consumers boosted retail spending to its largest increase in seven months, signaling early signs of economic recovery.  Household income spiked 10 percent in January, the Commerce Department...
Two States Doing Badly and Two Doing Better Show the Economic Disparity of Coronavirus

Two States Doing Badly and Two Doing Better Show the Economic Disparity of Coronavirus

by Korey Matthews | May 25, 2020 | Employment, Personal Income

Two States Doing Badly and Two Doing Better Show the Economic Disparity of Coronavirus By Korey Mathews and Sonya Swink Every state in the US is facing its worst economic downturn since the Great Depression, with payrolls going down and unemployment going up in April,...
Trump Tax Cuts Put More Money in Americans’ Pockets. They Stashed Rather Than Spent.

Trump Tax Cuts Put More Money in Americans’ Pockets. They Stashed Rather Than Spent.

by Max Zahn | Apr 6, 2018 | Personal Income

Americans stashed rather than spent their initial earnings boost from the recently passed Republican tax cuts, putting off the economic surge many onlookers expected. Consumer spending grew at a sluggish 0.2 percent pace in February, the first month companies adjusted...
Trump Tax Cuts Spur Sharp Increase in Take-home Pay

Trump Tax Cuts Spur Sharp Increase in Take-home Pay

by Max Zahn | Mar 5, 2018 | Personal Income

The Trump tax cuts spurred a sharp increase in Americans’ take-home pay at the outset of 2018. After-tax income grew at a rate of 0.9 percent in January, the fastest growth of any month since December 2012, according to a report released by the Bureau of Economic...

Seattle’s Restaurants Not Collapsing Due to Rising Minimum Wage. In Fact, They’re Thriving.

by Raul Hernandez | May 30, 2016 | Personal Income

by Raul Hernandez When Seattle lawmakers committed to gradually raising the minimum wage to $15 per hour, Chase Gunther worried that his job prospects would suffer. Working as a line cook in a Seattle restaurant, Gunther was hesitant at the idea that other restaurant...
Labor Wins Fight for $15. Now What? Maybe $20.

Labor Wins Fight for $15. Now What? Maybe $20.

by George Goss | May 26, 2016 | Personal Income

By George Goss Cash-strapped New York laborers like Carlos Vega formed the rank and file of Fight for $15, the nationwide campaign to raise the minimum wage. But despite winning a once-inconceivable victory—convincing New York to raise its minimum wage to $15 by...
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