During a seminar in Buffalo, N.Y. a few years ago, noted author and financial adviser, Brooke Stephens, said, “How you handle your money is a reflection of how you feel about yourself.” Many of us, including me, may not want to admit it, but there have been times in our lives when we did some pretty stupid things with our money. We spent all we had and then some; we ended up with more month than money; we bought things we thought would bring us satisfaction but later found they had little lasting value.
The day after Thanksgiving, so-called “Black Friday,” will be a moment for national protests over the conditions faced by thousands of Walmart workers. You may be one of many who go regularly or periodically to Walmart, looking for the good deals. Well, this November 29, things will be a bit exciting and informative outside of Walmart facilities.
Last week’s elections for the governorships of New Jersey, where the Republican incumbent won, and Virginia, where the Republican contender lost, have thrown into sharp relief two political dynamics it’s important to not lose sight of. The first is that Black voters in both statewide contests (and in the New York City mayor’s race) have once again proven why the Republican Party is so desperate to undermine their right to vote by any legislative or regulatory means necessary: Because Black Americans’ commitment to vote shows every sign of continuing to increase. More about that later.
The first federal minimum wage of 25 cents an hour was established in 1938. Since then, it has been raised 22 times. It’s time to increase the floor for the 23rd time, from its current $7.25 to at least $10 an hour. According to the Center for Economic Policy Research, the value of the minimum wage peaked in 1968. If the minimum wage had been indexed to the official Consumer Price Index each year, the minimum wage today would be $10.52. The last time the minimum wage was raised was in 2007, when it was raised from $5.15 to $7.25. Still, there is resistance. Republican leaders say raising the minimum wage will cost jobs. But opponents, such as Washington Post columnist Jared Bernstein, argue that rather than job loss, employers compensate by charging higher prices and increasing productivity.
WASHINGTON (NNPA) – As job prospects for Whites and Black men have slowed or stalled completely, Black women continue to gain ground in a weak labor market, according to the latest jobs report. “Over the last few months, Black women have seen the greatest decline in their unemployment rate, so there is a continual improvement taking place,” said Valerie R. Wilson, chief economist for the National Urban League. That improvement doesn’t seem to be the result of people dropping out of the labor force. Wilson continued: “It looks like there were actual gains in employment for Black women.”