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Quick Hit
by Ellyn Fortino
6:37pm
Mon Apr 20

Report: 2014 Wall Street Bonuses Were Double The Earnings Of 1 Million Low-Wage Workers

recent report from the Institute for Policy Studies (IPS) reveals that Wall Street employees received $28.5 billion in combined bonuses last year.

That works out to be double the collective annual earnings of the more than one million full-time U.S. workers who made the federal minimum wage in 2014. At the national level, the hourly minimum wage is $7.25.

The $28.5 billion in bonuses was spread out among 167,800 Wall Street bank employees, according to the Washington, D.C.-based think tank.

"The size of the [2014 Wall Street] bonus pool was 27 percent higher than in 2009, the last time Congress increased the minimum wage," reads the report, "Off the Deep End: The Wall Street Bonus Pool and Low-Wage Workers."

Quick Hit
by Ellyn Fortino
2:44pm
Fri Apr 17

Report: Irregular Work Scheduling Affects 17 Percent Of U.S. Workers

Unstable work schedules impact at least 17 percent of the U.S. workforce, with low-wage workers facing irregular shift times the most.

That's according to a new report from the Economic Policy Institute (EPI), a Washington, D.C. think tank. The report, "Irregular Work Scheduling and its Consequences," is based on General Social Survey data.

Ten percent of U.S. workers have "irregular and on-call work shift times," combined with another 7 percent "who work split or rotating shifts," according to the research.

Low-wage workers are among the most prone to having unstable schedules, which are associated with longer average hourly workweeks in some occupations. Employees in low-wage industries often have little control over their schedules, the findings showed.

According to the report, irregular scheduling is most common in the following industries: retail trade; finance, insurance, real estate; business, repair services; personal services; entertainment, recreation; and agriculture.

PI Original
by Ellyn Fortino
5:18pm
Thu Apr 16

Report: Illinois Black Unemployment Rate Expected To Fall In 2015, But Still At 'Crisis Level'

Research from the Economic Policy Institute shows Illinois is one of only two U.S. states expected to see "significant reductions" in African-American unemployment levels throughout 2015. Still, African-American jobless rates in Illinois and nationwide are still far higher than where they should be, EPI's report argues.

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