Women represent nearly two-thirds of minimum wage workers and a woman working full time, year round at the federal minimum wage of $7.25 per hour earns just $14,500 — nearly $4,000 below the poverty line for a family of three.
Practically one hundred years to the day from when the Federal Reserve was created, the central bank finally has its first woman president. It’s about time.
Bryce Covert writes for Think Progress: “The stereotype of the low-income people enrolled in government programs is that they spend the money on frivolities and are unwise with their budgets. But the data proves otherwise.”
Steve Benen writes for MSNBC: “When progressives push for better wages, and conservatives argue that interference with the free market is unacceptable, keep stories like this one from the Cleveland Plain Dealer in mind.”
Bryce Covert writes for Think Progress: “At her Senate confirmation hearing on Thursday, Janet Yellen, the nominee to replace Ben Bernanke as chair of the Federal Reserve after he steps down from his current term, discussed the rising trend of income ine…