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Are State Policies Actually Fueling the Inequality Gap?

Are State Policies Actually Fueling the Inequality Gap?

JEFFERSON CITY, Mo. (AP) — Lawmakers in many states have been trying to boost their post-recession economies by cutting income taxes, curbing aid to the long-term jobless or holding down the minimum wage. Some have pursued all of these steps. Whether such policies will spur businesses to expand as hoped isn’t yet clear. But collectively, [...]
Bill to Boost Minimum Wage is Rejected in SenateWASHINGTON (AP) — Senate Republicans blocked an election-year Democratic bill on Wednesday that would boost the federal minimum wage, handing a defeat to President Barack Obama on a vote that is sure to reverberate in this year’s congressional elections. The measure’s rejection, which was expected, came in the early months of a campaign season in [...]
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If U.S. Wage Rises to $10.10, 28M People Would Get a RaiseAlabama, the state that hates the federal government making rules that apply to us, is one of only five states that fails to have a state minimum wage law. Although a bill to establish a minimum wage was introduced in the last regular legislative session, it never gained much traction. Instead, we rely on the [...]
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Grassroots Groups at D.C. Rally: Support Working Families  Social justice advocates brought concerns about income inequality and a “broken” immigration system to Washington, D.C. on Monday to let the White House and Congress know that policy emphasis should shift from corporations to everyday people. More than 1,500 people participated in the protest, at which people demanded a minimum wage increase and an [...]
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Family Dollar to Close Stores, Cites Low Consumer DemandNEW YORK (AP) — Dollar stores are feeling the pinch from mounting financial pressures on low-income shoppers. Family Dollar said April 10 that it will cut jobs and close about 370 underperforming stores, as it tries to reverse sagging sales and earnings. The discount store operator will also permanently lower prices on about 1,000 basic [...]
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A New America: More Higher- and Lower-Paying JobsWASHINGTON (AP) — A sense of belonging to the middle class occupies a cherished place in America. It conjures images of self-sufficient people with stable jobs and pleasant homes working toward prosperity. Yet nearly five years after the Great Recession ended, more people are coming to the painful realization that they’re no longer part of [...]
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Study: Full-Time Jobs Not Enough for San Diego Families  More than 300,000 households in San Diego County have adults who earn incomes so low that they are unable to meet basic monthly living costs, according to a report by the Center on Policy Initiatives and Insight Center for Community Economic Development.  Researchers found that 38 percent of working-age households in the county lack [...]
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Grassroots Campaign Helps End Bank’s Payday Lending  In the wake of a months-long campaign by community groups, Regions Financial Corp. announced the discontinuation of its “Direct Deposit Advance” payday lending product.  Community groups, including organizations in Missouri, Illinois, Iowa and Alabama, had argued these loans were predatory, believing that Regions Bank was taking advantage of its own struggling depositors. The loans [...]
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Analysts: Economy Benefits if Money Evenly DispersedWASHINGTON (AP) — The growing gap between the richest Americans and everyone else isn’t bad just for individuals. It’s hurting the U.S. economy. So says a majority of more than three dozen economists surveyed last week by The Associated Press. Their concerns tap into a debate that’s intensified as middle-class pay has stagnated while wealthier [...]
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In Limbo: 20-Somethings Still Feel Sting of Great RecessionWASHINGTON (AP) — U.S. mobility for young adults has fallen to the lowest level in more than 50 years as cash-strapped 20-somethings shun home-buying and refrain from major moves in a weak job market. Recent 2013 figures from the Census Bureau, which reversed earlier signs of recovery, underscore the impact of the sluggish economy on [...]
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