CEO-to-worker pay ratio ballooned 1000% since 1950: “We’ve made progress on a lot of things since the 1950s and so have CEOs — in their quest for more money that is.
“The ratio of CEO-to-worker pay has increased 1,000 percent since 1950, according to data from Bloomberg. Today Fortune 500 CEOs make 204 times regular workers on average, Bloomberg found. The ratio is up from 120-to-1 in 2000, 42-to-1 in 1980 and 20-to-1 in 1950.” — Huffington Post 5/1/13
House Republicans move to replace overtime pay with comp time: “In 1938 President Franklin Delano Roosevelt signed into law one of the most important pieces of legislation concerning American labor, the Fair Labor Standards Act (FLSA). This act established the minimum wage, overtime pay, barred children under 18 from doing dangerous work and barred children under 16 from working during school hours.”
“Today the very foundation to FLSA is under attack with the introduction of H.R. 1406 – Working Families Flexibility Act of 2013. Many of you may know that this bill would amend the FLSA and would effectively eliminate overtime pay for all non-exempt employees. At first glance this bill may not sound so bad, especially with the family friendly name of, “Working Families Flexibility Act.” What it does though is undermine the ability of an employee to earn overtime pay.” — Daily Kos 5/5/13
Senate immigration bill could benefit hiring of immigrants over U.S. citizens: “The current draft of the Senate’s immigration overhaul appears to give some employers a $3,000-a-year incentive to hire a newly legalized immigrant rather than an American citizen in order to avoid the new employer mandates in the health care law.”
“The Senate measure would immediately legalize 11 million unauthorized immigrants currently in the country who meet certain criteria as the first step in a more-than-decade-long pathway to become green card holders and ultimately citizens.
“During that time, the newly legalized immigrants would be permitted to work but would not be eligible for subsidies under the 2010 health care law. That, in turn, could save their employers $3,000 a year.” — Roll Call 5/18/13
Justice O’Connor: Maybe Bush v. Gore was a mistake: “Retired Justice Sandra Day O’Connor says she has second thoughts on whether the Supreme Court should have accepted Bush v. Gore — the deeply controversial case that effectively decided the 2000 presidential election.
“It took the case and decided it at a time when it was still a big election issue,” O’Connor told the Chicago Tribune editorial board last Friday. “Maybe the court should have said, ‘We’re not going to take it, goodbye.'”
“In a 5-4 decision at the time, O’Connor voted with four other Republican-appointed justices to shut down the recount in Florida, the decisive state in the election.” — Talking Points Memo 4/29/13
How Sequestration budget cuts are hurting people in 50 states: “Starting March 1, federal programs and their state and local beneficiaries began grappling with $85.4 billion in cuts mandated by the Budget Control Act of 2011. Some programs have been spared—Congress voted to restore tuition assistance for members of the armed services and, just last week, restored funding to the Federal Aviation Administration to forestall flight-delaying furloughs. But for the most part, the cuts have remained intact. Six weeks in, we took a look at how sequestration is has [sic] impacted 50 states, from canceled festivals to shuttered Head Start programs to massive layoffs.” — Mother Jones 4/30/13
Colorado lawmakers pass historic legal marijuana regulation bills: “On the final day of the legislative session, Colorado lawmakers finally passed two historic bills to implement recreational marijuana legalization in the state — making Colorado the first state in the U.S. to take such steps toward the legal sale, regulation and tax of marijuana for recreational use.