Discover and read the best of Twitter Threads about #minimumwage

Most recents (24)

Most of you know that wages in the United States have remained stagnant since 1980, when adjusted for inflation. Do you realize, however, that the US is a global #empire and that we are likely witnessing the fall of that empire?

That's right, the US has political or... 1/16
#military control of much of the world. That comes from military support of dictatorships and right wing leaders throughout Central and South America, throughout #Africa and in parts of #Asia, such as India and the Philippines. But that also includes economic control, and... 2/16
economically, we also have a huge amount of control (although not total) over most of #Europe and some of the countries in Asia where we don't have political/military control.

Our "capitalist" system has been corrupted and subverted by the forces of greed. Our once... 3/16
Read 17 tweets
I NEVER expected #minimumwage to be a controversial topic on Wealth Twitter.

Yesterday I had someone curse me out, tell me I’m useless, and flip me off (virtually).

So in their honor, let’s do a mini-thread!

👇🏻👇🏻👇🏻
There’s a serious push for a “fair” minimum wage.

But what is fair, and who defines it?

The recent number floated has been $25.

The original fair, was decided by the market. And it largely STILL is today.

Let’s look at the facts

👇🏻👇🏻👇🏻
Hourly workers making federal minimum wage (or less for some exceptions) make up 2-3% of the work force (according to the US BLS).

2-3%. That’s it ✌🏻

IF business was so evil (and profit hungry), wouldn’t MORE companies pay people the minimum they could legally get away with?
Read 13 tweets
/// THREAD on Chancellor @RishiSunak's announcement tonight on the future of the income support schemes. 1/
After considerable media speculation, the Chancellor has finally pronounced on the economic future of millions, by detailing the changes to be made to the #JobRetentionScheme (JRS) and the #SelfEmployedIncomeSupportScheme (SEISS). theguardian.com/politics/2020/… 2/
These have been the two most important income support measures in what is likely to be the biggest economic recession in modern history. Both had serious shortcomings from the get-go. 3/
Read 22 tweets
7200 SHG has been newly formed during 2 months

#NirmalaSitharaman #AatmaNirbharBharatAbhiyan
Self help group have come up with 3 crore mask and 1.2 Lakh liters of sanitizers during the Covid-19

#NirmalaSitharaman #AatmaNirbharBharatAbhiyan
MGNREGA will support and create opportunity for migrant workers

#NirmalaSitharaman #AatmaNirbharBharatAbhiyan
Read 4 tweets
#AatmaNirbharBharatAbhiyan
Based on 👇

Land,Labour,Liquidity&Laws that are not isolationist but inclusive

Ease of Doing Business

DBT,JanDhan,Aadhar, Micro Insurance,Ujjwala Yojana, Ayushman Bharat, PM Awaas Yojana,PM FasalBima Yojana,Krishi Sinchai,Swachh Bharat--Key Landmarks
GST,IBC&PSU Bank Recapitalisation in last 6 yrs,have been big reforms

52606Cr given via #DBT to 41Cr #JanDhan holders

Free wheat&rice to 69Cr ration card holders

18000Cr tax refunds given

Free cylinders to 8Cr #Ujjwala holders

#20lakhcrores #COVIDー19
#atmanirbharbharat
Project DevelopmentCells,working for Promotion of Champion Sectors,in States

#MakeInIndia&Upgradation of Industrial Infra,a success&more will be done to #Decongest economy

3376 SEZs&IndustrialParks with 5 lakhhectares,to be ranked& mapped,in terms of readiness for competition
Read 20 tweets
1. News: Brazil’s #SocialProtection response to the #COVID19. A congress-led bill establishing an emergency basic income to #InformalWorkers was signed by the President yesterday. The BRL 600 (60% of the #MinimumWage) benefit will be paid for 3 months w/ possibility of extension.
2. Who are the targeted informal workers? i) microentrepreneurs; ii) contributors as self-employed to #SocialSecurity; or iii) informal workers who are registered in the Single Registry or with family incomes as per eligibility criteria 4 below:
3. Criteria: i) 18 years old or more; ii) Not a formal worker; iii) Not a recipient of other gov. transfers, except Bolsa Familia; iv) Per capita family income lower than ½ minimum wage or total family income lower than 3 min. wage; v) Annual taxable income lower than BRL 28.560.
Read 5 tweets
While most people are rightly focusing on short-term measures against #Covid19, including #lockdown and #socialdistancing, I wonder how the medium to long-term political development will be like? In this thread, I want to collect the good, the bad and the ugly of this #pandemic.
How may societies react, and what may happen politically, if #Covid19 runs its course? In other words: How will #pandemicpolitics look like? Short term: I Assume we can halt the further exponential spread within the next 2-4 weeks due to isolation measures, but what comes next?
After 4 weeks or so, we will begin to reestablish normal life, based on what we learned ourselves and observed in other countries. Maybe schools reopen again, as they seem not to be central to the pandemic. More people will want to get outside and need to go to work.
Read 16 tweets
#Biden has "outlined a suite of policies that, taken on their own terms, would be the most ambitious governing agenda of any modern #Democrat." If he wins, he'll be the "the most #progressive Democratic nominee in history." vox.com/2020/1/29/2107…
#Biden is "notably to the left" of #Hillary, #Obama, #Kerry & is advancing a #progressive platform. On #healthcare, his proposal for a public option would be a "significant expansion" of the #ACA & includes "expanded subsidies well into the middle class." reason.com/2020/03/04/joe…
#Biden has proposed a $1.7 trillion #ClimateChange plan "similar in scope to many candidates on his left." He has a $750 billion #education plan that includes increases to #teacher salaries & expanded access to #PreK. @reason 3/4/20
Read 6 tweets
Even if wages have increased (trend), it does not show that workers are not exploited (level). Thread 1/n
Our work with @joseazar and @steventberry suggests that workers are about 17% more productive than their wages, and there is no systematic difference in exploitation between low and high skill workers. papers.ssrn.com/sol3/papers.cf… 2/n
There is a whole booming literature on wage exploitation & #monopsony power, which I summarize in my congressional testimony here: docs.house.gov/meetings/JU/JU… 3/n
Read 5 tweets
Maybe there's a billionaire not running for President who could create some ads showing the devastation Trump is causing. Separate ads could feature:
- A farmer bankrupted by #TrumpTariffs
- A family devastated by #StochasticTerrorism
- A child whose family lost #FoodStamps (1/5)
- A senior whose #SocialSecurity disability benefits have been cut
- A #Kentucky coal miner whose mine shut down
- A parent who lost his job after his company used the #GOPTaxScam to buy back stock
- A #MinimumWage worker falling deeper into debt despite working 2-3 jobs (2/5)
- Residents in one of the communities like Key West, FL being devastated by #ClimateChange
- A family hit with a medical emergency who have to resort to #GoFundMe for to pay bills
- A synagogue targeted by the #AntiSemitism Trump has unleashed (3/5)
Read 5 tweets
In 2015 #Birmingham created a city minimum wage of $10.10 an hour after the state refused to create a minimum wage higher than the federal $7.25 an hour wage. Days later, the state passed a new law voiding any attempt by cities in #Alabama to raise the #minimumwage.
We submitted an amicus brief supporting a lawsuit filed on behalf of two Black worker making less than $10.10 an hour in Birmingham. Today an appellate court panel ruled to dismiss the case.
“We are disappointed that the appellate court chose to dismiss this case on a technical issue. This involved a decision made by a majority black city being overruled by the majority white legislature.” – SPLC’s Samuel Brooke
Read 3 tweets
You may have heard that the @UKLabour Labour Party plans to scrap the Married Couple's Tax Allowance if they get into power. Attack ads are being shared on Facebook by the Conservative Party arguing that people will be worse off because of this. Here are the facts:
Maximum tax allowance available through the Married Couple's Tax Allowance is £250 a year. BUT…
Every Married Couple will be BETTER OFF under @UKLabour Labour - because: - and here are just five of the ways:
1. People on the #MinimumWage wage will get a minimum of £3,400 more a year,
labour.org.uk/press/labours-…
Read 10 tweets
Labour and the Conservatives both plan to take the minimum wage to a historical high and give the UK one of the highest minimum wages among developed countries.

New #GE2019 analysis, funded by @NuffieldFound: ifs.org.uk/election/2019/…
@NuffieldFound Labour’s policy would mean nearly 30% of private sector employees’ wages would be set directly from Whitehall, while Conservative policy would set 20% of private sector wages.
@NuffieldFound Under Labour policy, 49% of employees aged 21–24, 82% of those aged 18–20 and 94% of those aged 16–17 would be affected by the minimum wage.

There are particular risks to having very high minimum wages for young employees, as many may struggle to find employment at those wages.
Read 6 tweets
#Tories Election Cock-Up Chaos so far - a continuing series :

01 - #Tories admit and apologise for a doctored, misrepresentative video of Kier Starmer. Tory MPs like @JohnnyMercerUK leave it on their feed and actively continue to spread.
@JohnnyMercerUK #Tories Election Cock-Up Chaos so far - a continuing series :

02 - #Tories Boris #Johnson gets booed out of Addenbrooke Hospital by staff and patients alike, unmentioned by #BBC, who were right there.
@JohnnyMercerUK #Tories Election Cock-Up Chaos so far - a continuing series :

03 - #Tories MP Jacob Rees Mogg blames #Grenfell victims for their own deaths. It takes him four days before he's forced to retract and apologise.
Read 61 tweets
A thread on some quotes from @gautambhatia88’s “The transformative constitution “In equality jurisprudence, the approach of focusing on the disproportionately exclusionary impact if politics rather than their formal character or motive is known as disparate impact”
“It is based on the premise that inequality and discrimination result not (only) from individual hostile acts, but from structures and institutions.” @gautambhatia88 Only in brackets important & added by me.
An test for entry may be “neutral” but yet exclude by aligning with exclusionary institutions; if an physical entrance test for firefighter includes activities not necessary for fulfilling duties and unintentionally poses #gender-barriers, deserves to be struck down. #NoteToSelf
Read 95 tweets
This morning, I’m testifying before @housebudgetdems about how economic inequality is harming our economy—and what policymakers can do to fix it equitablegrowth.org/testimony-by-h…
GDP growth has been treated for decades by pundits and policymakers alike as synonymous with prosperity.

But where overall growth of the economic pie was once broadly representative of the lived experiences of most Americans, that is no longer true.
The distribution of wealth across U.S. households is now even more unequal than income:

The top 1% now controls 42% of all wealth and the top 0.1% controls more than 22% of all wealth in the U.S. economy--3x as much as a generation ago.
Read 19 tweets
.@PeteButtigieg's quotes from the debate, a long thread. Divided into differently lengthened segments for your reading delight. #DemDebates #DemDebate2 #TeamPete
"I'm running for president because our country is running out of time. It is even bigger than the emergency of the Trump presidency. Ask yourself how somebody like Donald Trump ever gets within cheating distance of the Oval Office in the first place. 1/5
"It doesn't happen unless America is already in a crisis -- an economy that's not working for everyone, endless war, climate change. We have lived this in my industrial Midwestern hometown. My generation has lived this as long as we have been alive. 2/5
Read 82 tweets
New revolutionary #minimumwage paper: the introduction of the minimum wage in Germany did not decrease employment and allowed workers to move to better higher paying firms, consistent with the #monopsony model papers.nber.org/conf_papers/f1…
Forgot to mention #NBERSI for this great #minimumwage paper. For the #monopsony theory, see here: pubs.aeaweb.org/doi/pdfplus/10…. Basic intuition is that less productive firms lose employment while more productive firms who were previously underpaying workers are able to hire more.
This is great work by @attilalindner, Dustmann, Schoenberg, Umkehrer and vom Berge! Consistent with our results that #minimuwage employment effects depend on #monopsony power as measured by concentration
Read 8 tweets
Co-sign.

Raising the minimum wage will take millions of American women--80% of minimum wage workers--out of #poverty.
1 in 8 women lives in poverty due to low wages.
#RaiseTheWageAct would change so many lives.
Call your senators and tell them to vote against gendered poverty.
If you want to know who is making minimum wage in America and why, my investigation here explains it in detail. #RaiseTheWageAct won't just lift women out of poverty, it will also lift their kids, as many single mothers live on min wage jobs.
damemagazine.com/2018/04/12/wom…
The right claims no one was meant to live on #MinimumWage jobs. Yet that is happening all over America and it is creating a distinctly gendered poverty.
#RaiseTheWageAct will change millions of women's lives.
damemagazine.com/2019/06/17/we-…
Read 3 tweets
Biggest cheer during @iowademocrats chair @troymprice's opening remarks came after he predicted #Iowa Ds will "send @joniernst into an early retirement." #IASen #HallofFame
Sen @CoryBooker is 1st candidate to speak at #HallofFame event. (19 candidates will each have 5 minutes)
"We are being tested. This is a moral moment in America, and we must meet this test. I'm running for president because we can't take 4 more years of Donald Trump." #iacaucus
But @CoryBooker isn't just running to beat Donald Trump. That's the floor, not the ceiling. We can't just run on what we are against. Democrats need to tell people what we are for. "Every American needs health care, and make no mistake, abortion is health care." #iacaucus
Read 93 tweets
"Raising the #minimumwage is always a pro-women, pro-mothers policy because women and mothers are disproportionately represented among low-wage workers." epi.org/publication/co… #1u
"As state minimum wage increases have taken effect over the past 5 years, low-wage workers—especially low-wage women—in those states have had much stronger wage growth than their counterparts in states with no change in the minimum wage."
"The #RaisetheWage Act of 2019—which was introduced this past February, but still has not received a vote—would gradually raise the federal minimum wage from $7.25, where it currently sits, to $15 per hour by 2024.
Read 5 tweets
Welcome to today's session of #HRwithEM, a weekly #TwitterSession #TweetChat to connect, learn and share career development tips, employee experience practices, as well as resolve burning #HR issues and/or questions. #MinimumWage
Thank you to everyone joining us this evening. Please identify yourself and the location you are joining from, so we can acknowledge you properly. #HRwithEM #MinimumWage
Feel free to tweet your question(s) at me with the hashtag #HRwithEM as the session is going on, and I would respond to all at the end of the session. Also, don’t forget to RETWEET all tweets for the benefit of your audience in order to extend this #KSS. #MinimumWage
Read 25 tweets
THREAD: In honor of all our new followers, Florida Policy Institute brings you "2018 in 18 Graphs" - our most popular & favorite data visualizations from 2018 that illustrate how Floridians are faring coming into the New Year. #sayfie 1/
#18: "#CashRegisterJustice". Florida's Court System is financed mostly (94%) by fines, fees, and other legal obligations that create barriers to justice for low-income Floridians. #sayfie @FinesandFeesJC @splcenter @ACLUFL bit.ly/2R2ZMLK 2/
#17: Rural Florida relies heavily on state funding to support education & infrastructure in some of the most underserved communities. Cuts over time at the state level have disproportionately impacted rural school districts. #sayfie @FLSchoolBoards @PublicSchoolSup @FLPTA_Leg 3/
Read 21 tweets
In Nigeria, please NEVER assume that educated folks (even Professors) understand the basic statement they are arguing about especially in politics.
This person on facebook said Buhari admin has no #PolicyDirection, so I did a little tutorial as basic as possible for her👇
THREAD
#PolicyDirection
Thank you for raising a few issues, & such issues are enough for conversation. So let's use the Latin maxim in law you stated: Res ipsa loquitor...Let FACTS speak:

Don't take my words for it, don't run EMOTION on it, let's use the maxim Law: Res ipsa loquitor
#PolicyDirection
So let's start from the basis with FACT that Nigeria poverty didn't start in 2015.
Now you said "lack of policy direction in combating poverty and making economy boisterous"....
Read 27 tweets

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