Employee Compensation

$491,000 in back wages, damages owed by 3 NH construction companies

By PAT GROSSMITH New Hampshire Union Leader Staff 4 minutes ago MANCHESTER – Three related Hudson construction companies and their owners must pay 99 employees back wages and damages totaling $491,000 to resolve a lawsuit filed...

Federal Payroll Taxes

Federal Income Tax and FICA Tax The total earnings of an employee for a pay period are called gross pay. Federal income tax, and FICA tax, (also known as social security and Medicare tax), are often the largest deductions...

Bankers smoke auto CEOs in bailout Grand Prix

For its part, Congress acts morally superior to both industries, which takes nerve. It gutted regulations that once kept Detroit from guzzling gas and repealed laws that kept Wall Street from turning into a giant slot machine.

New City Councilmembers Contemplate Benefits

34 mins ago

Like anyone starting a new job, the four new San Diego city council members who’ll be sworn in next Monday are signing up for their salary and benefits. Public employee benefits are increasingly under scrutiny as the city...

The Media Myth: Detroit's $70-an-Hour Autoworker

It's been one week since New York Times financial columnist Andrew Ross Sorkin wrote that at General Motors, "the average worker was paid about $70 an hour, including health care and pension costs." The nugget was part of a...

Making Sense of Markets: Music, Cars, and E.J. Dionne, Jr.’s Error

E. J. Dionne, Jr. makes a basic economic error in a recent column about the bailout of the Big Three automakers. He complains that “you can’t turn around without hearing someone trash autoworkers for the terrible crime of...

Foul smell all over as sanitary workers go on strike

Foul smell all over as sanitary workers go on strike Friday, December 05, 2008 by Khalid Iqbal Rawalpindi The city presented a dirty look and foul smell permeated all around, as more than 2,000 sanitary workers went on strike...

Interest rate cuts: Deflation harms everyone

By Philip Booth Have your say Read comments Deflation means that the pound in your pocket is worth more each year. The purchasing power of people's incomes increased; people could take out life insurance policies knowing that...

Annual increase of wages in TEO.LT (Lithuania)

Labour news from UNI global union - for trade unions in a global services economy. - This year the wages of TEO.LT employees increased by 13,3 %. The Lithuanian Trade Union of Communication Employees (LTUCE) initiated a meeting...

Adam Smith Was Right about Corporate CEO’s Incentives absent Effective Regulation

In our second anatomy of the financial crisis, William K. Black, associate professor of economics and law at the University of Missouri, Kansas City, says that key to the crisis was perverse compensation schemes that put the...