The case for higher wages during coronavirus recession

The case for higher wages during coronavirus recession

Raising the minimum wage during the coronavirus pandemic is smart policy, according to the Economic Policy Institute.  Corporate America is getting slammed by the coronavirus recession. More than 45 million people were cut from their employers’ payrolls over the past three months. Business groups have turned their focus to planned minimum wage increases, pressuring city […]
The US economy is officially in recession

The US economy is officially in recession

The National Bureau of Economic Research said Monday that the COVID-19 crisis has officially launched the U.S. economy into a recession, thus ending the longest economic expansion on record. The NBER’s business cycle dating committee calls recessions based on broad...