The Pay Gap Will Ensure That CEOs Enjoy Luxurious Retirement While Workers Keep Struggling | ThinkProgress

  CREDIT: AP Photo/Brian Bohannon YUM Brands CEO David Novak, who has the biggest retirement nest egg The pay gap between what CEOs make and what they pay their workers is pretty well known. A new report released on Wednesday illuminates a different gap: that between what CEOs have stashed away for retirement and what…

Read More

Is Wall Street Eating Your 401(k) Nest Egg? : NPR

High fees are eroding the retirement savings of millions of Americans, but employers who shop around can often find much better options for their employees’ 401(k) plans.   Annette Elizabeth Allen/NPR hide caption itoggle caption Annette Elizabeth Allen/NPR   High fees are eroding the retirement savings of millions of Americans, but employers who shop around…

Read More

Goodbye Middle Class: 51% Of All American Workers Make Less Than $30,000 A Year | Zero Hedge

Submitted by Michael Snyder via The End of The American Dream blog, We just got more evidence that the middle class in America is dying.  According to brand new numbers that were just released by the Social Security Administration, 51 percent of all workers in the United States make less than $30,000 a year.  Let…

Read More

The Gender Pay Gap Widens as Men’s Earnings Grow Twice as Fast as Women’s – WSJ

article start The gender pay gap is widening again because men’s earnings are growing this year at twice the rate of women’s. The median weekly earnings for full-time male workers was $889 in the third quarter, the Labor Department said Tuesday. That’s a 2.2% increase from a year earlier. Meanwhile, full-time female workers’ earnings were $721, up…

Read More

The Recession Hurt Americans’ Retirement Accounts More Than Anybody Knew – The Atlantic

The morbid joke about the Great Recession was that it turned Americans’ 401(k)s into 201(k)s. Indeed, the nation’s 401(k)s and IRAs lost about $2.4 trillion in the final two quarters of 2008, and the average loss that year for workers who had been on the job for 20 years was, according to one estimate, about…

Read More

Robots are coming for your job. That might not be bad news

Do androids dream of a three-day week? This week, Professor Stephen Hawking weighed in on the topic that’s obsessing technologists, economists and social scientists around the world: whether a dawning age of robotics is going to spell mass unemployment. “If machines produce everything we need,” Hawking wrote in an “Ask Me Anything” session on Reddit,…

Read More