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@wageratioorganization
It’s National Call In Day to #StopTPP Call your rep today and tell them no lame duck vote on #TPP
It turns out that customers prefer shopping from retailers with low pay ratios, according to new research...
Are you a big fan of crazy-high CEO pay? According to recent research, too bad!
Most people think that CEOs in America, on average, make about 30x more than the average worker in their company. In reality, it’s closer to 350x more!
This exciting new research placed companies' CEO-to-worker ratios (e.g., 1000:1, 50:1) on different products and tested whether it affected consumer choices, and how much they would be willing to pay.
The good news is that people think that high CEO-to-worker ratios are unfair, and they prefer products made by companies with lower pay ratios. That is, people want to buy products from businesses that pay their workers more fairly, and have flatter pay structures.To convince consumers to buy from the firms with higher CEO-to-worker ratios, the products needed to be severely discounted.
This is also good news because new SEC rules will soon mandate companies to disclose this information. Ideally, down the line, this information could be placed on products like energy-savings stickers.
The take home here is that businesses that pay their workers fairly should start to advertise this information. This could mean better sales, and it also might force other firms to pay their workers better (and their CEOs less)…
Happy Independence Day! Thanks to all those who have helped us in our efforts to create a stronger middle class with Wage Ratio Legislation.
1. Limits on ATM Withdrawals for Welfare Recipients in Kansas
Governor Sam Brownback and his supporters in the state legislature of Kansas have turned their state into dystopian inspiration for a post-apocalyptic thriller, slashing social services, and leaving the poor to suffer — and in many cases actually die — for lack of basic essentials. In April, Brownback signed a bill making it illegal for welfare recipients to withdraw more than $25 from an ATM at one time. Although the policy might violate federal law, state officials have recently expressed steadfast commitment to its implementation and enforcement. The policy manages to achieve the trifecta of mean-spiritedness, dangerous negligence of human needs, and Orwellian intervention into the private lives of citizens from the state.
2. Revocation of Driver’s License in Montana and Iowa For Missing Student Loan Payments
Failure to make student loan payments in Iowa and Montana will result in delinquent borrowers losing their driver’s licenses. With student loan defaults on the rise, and rates of poverty, even among the college educated, increasing, states are developing punitive measures to damage the lives of those already buried in student debt. Tennessee, for example, will revoke the nursing license of a nurse who fails to make student loan payments. Iowa and Montana are the worst offenders, however. Losing the ability to drive, especially in largely rural states without sophisticated public transit, will reduce the potential for poor people to work, take children to school, and take any step toward escaping poverty.
3. Arkansas Arrests and Prosecutes People for Missing Rent Payments
According to an in-depth, detailed investigation by Human Rights Watch, “Arkansas is the only US state where tenants can end up as convicted criminals because they did not pay their rent on time.” Arkansas has a unique and singularly monstrous “failure to vacate” law. Failure to Vacate allows prosecutors to charge tenants as criminals without any evidence outside the landlord’s testimony. Tenants face fines far exceeding the rent they owe, and in many cases, a sentence of jail time.
4. Using the Poor as ATMs: Harsh Financial Penalties for Minor Infractions and Traffic Violations
The Justice Department did not find cause to prosecute former Ferguson, Missouri police officer Darren Wilson in the killing of Michael Brown, but it did gather undeniable evidence proving that the poor, and in this case, mostly black residents of Ferguson live under occupation from the Ferguson police force. “Officers routinely conduct stops that have little relation to public safety and a questionable basis in law,” the Department of Justice explained. “Issuing three or four charges in one stop is not uncommon,” according to the report, “Officers sometimes write six, eight, or, in at least one instance, fourteen citations for a single encounter.” In 2012, 19 percent of Ferguson’s budget derived from the imposition of fines and court fees.
5. The Return of Debtors’ Prisons
After an exhaustive study of legal harassment and predatory targeting of the poor in Louisiana, Michigan, Ohio, Georgia, and Washington, the ACLU concluded “that poor defendants are being jailed at increasingly alarming rates for failing to pay legal debts they can never hope to afford.” The Supreme Court ruled the imprisonment of poor people for failure to pay legal fees unconstitutional, but many states ignore the law with impunity, as their powerless victims have little recourse to challenge their jailers. In Georgia, to cite one egregious example, authorities prosecuted a mentally ill teenager for stealing school supplies. The cost of her incarceration in juvenile detention centers came to a total of $4,000. The teenage girl was released only after her mother was able to pay the bill in full. In the Georgia case, and many others across America, the state functions as hostage taker, demanding family members pay ransom for the release of their loved ones.
6. Voter Identification Requirements Suppress Poor People’s Votes
Voter Identification requirements in southern states, and elsewhere, make it much more difficult for the poor to exercise their civic right to oppose the very policies, such as those enumerated above, that damage them.
Read the full article
Check out the #WageRatio demonstration at Syracuse University today if you're nearby. Learn more at http://wageratio.org
This is why we need Wage Ratio Legislation. Let's limit excessive executive earnings as compared to their workers' wages. http://wageratio.org/
Leonoardo DiCaprio called out the big corporations at the Oscars. We agree, let's fight the income inequality many of them cause with Wage Ratio Legislation. https://www.causes.com/campaigns/77701-tie-companys-workers-highest-earnings-to-lowest-salaries
The concentration of income in a few hands might mean, many economists say, a less vigorous economy.
Income inequality hurts economic growth. To ensure a better, more fair economy for everyone, support wage ratio legislation. Make sure that pay gaps between the highest and lowest-paid workers in companies are fair. Sign the petition: https://www.causes.com/campaigns/77701-tie-companys-workers-highest-earnings-to-lowest-salaries
We endorse Bernie Sanders for President
Iowa Caucuses & Primaries
Friends,
We would like to thank you all for supporting our fight for fair wages. Tomorrow is the Iowa Caucus, and other primaries are soon afterwards. We would like to endorse Bernie Sanders for president, as we believe that his policies are the best for the working people of America. Although he is losing the race for the Democratic nomination, Bernie consistently is improving his base of support, and is only 3% behind in Iowa. If all of us go to the polls and vote for Bernie, our strength in numbers (over 1000) can get him closer to being the next president of the United States.
Regards,
B.H.
More and more wealth and income is concentrated at the very top
President Barack Obama, State of the Union 2016
Income inequality hurts young peoples' educations. Help us reduce income inequality by signing our petition https://www.causes.com/campaigns/77701-tie-companys-workers-highest-earnings-to-lowest-salaries
Middle Class Wealth Ownership Decreasing
Share of U.S. income going to middle class falling dramatically; 43% in 2014, down from 62% in 1970: http://www.pewsocialtrends.org/2015/12/09/the-american-middle-class-is-losing-ground/ Post originally from Wagemark
“It’s never too late”: 102-year-old woman votes in a U.S. election for the first time
There are key distinctions the Democratic candidates will need to make between themselves and their opponents.
Sign the petition for a wage ratio law, to help the working class of America and to create a fair economy. https://www.causes.com/campaigns/77701-tie-companys-workers-highest-earnings-to-lowest-salaries
Why is the United States so far behind? It’s time to #raisethewage
Sign our petition to raise the minimum wage.
& sign our petition to set a maximum wage ratio https://www.causes.com/campaigns/77701-tie-companys-workers-highest-earnings-to-lowest-salaries
Pretty soon, millions of American workers will know exactly how much less money they earn than their corporate bosses, as the Securities and Exchanges Commission voted in favor of a new rule today that requires every publicly traded company to regularly disclose the pay ratio between top company executives and their employees.
Although CEO pay is already revealed in a company’s annual proxy statement, this new rule will force corporations to assess and disclose the ratio of a chief executive’s compensation to the median compensation of their employees, starkly illuminating income inequality company-by-company.
Rule requiring companies to disclose CEO-to-worker pay ratio is “an important step,” 2016 hopeful says
An important step on the road towards enacting Wage Ratio Legislation. Learn more at wageratio.org