|INDIANA STATE AFL-CIO|
A new report from researchers from the International Monetary Fund (IMF) finds that not only is rising inequality a drag on economic growth, but that policies designed to lessen inequality through a moderate level of redistribution do not slow growth. While the report is clear in stating it isn't the official opinion or policy of the IMF, researchers Jonathan D. Ostry, Andrew Berg and Charalambos G. Tsangarides make a compelling case that austerity policies are bad for economic growth and that it isn't just morally sound to reduce income inequality, it's the economically wise choice, too. While countries have pursued policies focused heavily on deficit reduction and lower government spending, the new report suggests those legislative priorities may be the wrong approach to economic growth, joining a growing chorus of evidence from economic analysts that is pushing for a move away from austerity. Read more >>>
The economy added 175,000 jobs in February—62,000 more than the January job gain but still far below what is needed for recovery—and the nation’s unemployment rate was nearly unchanged at 6.7%, compared with January’s 6.6%, according to figures released this morning by the U.S. Bureau of Labor Statistics. The number of long-term unemployed people (those jobless for 27 weeks or more) rose by 203,000, increasing the number of long-term jobless workers to 3.8 million. Read more >>>
With just a few days to go before the close of the 2014 Indiana General Assembly session, this week state legislators began meeting in Conference Committees to hammer out last minute compromises on various bills still moving through the process.
Those committees will continue to meet next week and the full State House of Representatives and State Senate will convene periodically for final votes on the remaining bills. At this stage, until the bills are voted on by both chambers, all legislation remains very fluid, changing hour-by-hour.
The following are updates on legislation the Indiana State AFL-CIO and our affiliates continue to track as of Friday morning:Read more >>>
Today in the Indiana State Senate House Bill 1126 -- the company store/wage theft bill -- failed to pass by a vote of 23 to 25. However, because a majority did not vote in favor or against the legislation, it can be called up for another vote.
Last year, Denise Imundo’s husband had surgery on his neck that forced him out of the job market. He went four months without work, and although he was eligible to receive disability payments, they only covered one-third of his salary. And when the holidays approached, finances were getting tight.
But instead of racking up debt, the couple’s Union Plus Credit Card offers special assistance for eligible cardholders. Read more>>>
Congress is currently debating the Trans Pacific Partnership Treaty – a massive trade agreement between the United States and 11 Pacific Rim nations that like NAFTA, CAFTA and others trade deals before will have a devastating effect on American workers.
Now, Congress is considering giving "Fast Track Authority" to this trade deal – meaning that members of Congress would not be allowed to amend or change the bill in anyway and would simply vote “yes” or “no” on the treaty as it stands today.
We are asking you to call your member of Congress today at 1-888-966-9836 and tell them to vote “no” on putting this treaty on “fast track.”Read more >>>
As we start a new year, a new legislative session and a new administration at the Indiana State AFL-CIO we are asking you to re-enlist in our email update program.
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