Word: workers
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...next time you get the flu, there will almost certainly be someone you can blame for your pain. There's the inconsiderate co-worker who decided to drag himself to the office and spent the day sniffling, sneezing and shivering in the cubicle next to yours. Or your child's best friend, the one who showed up for a playdate with a runny nose and a short supply of tissues. Then there's the guy at the gym who spent more time sneezing than sweating on the treadmill before you used...
FICA is, in effect, a tax on job creation. It applies to the very first dollar earned by a minimum-wage worker, but most of it tops out at an annual income of about $100,000 and doesn't apply at all to income from investments. For most Americans holding jobs, FICA now takes a bigger chunk of their income than the income tax itself. And yet it rarely enjoys the tender concern of tax-cutting Republicans, who prefer to concentrate on tax breaks for capital gains. Cutting the FICA tax in half, for workers and for employers, would make...
Talking about Tung’s comment on trading, Secreto said that domestic policies can be a challenge. “He talked about it, but he didn’t address the feelings of auto worker in Michigan or the factory workers in Ohio, who think that China is taking away their jobs. Those feelings are real. Yes, we need more trade, but there are more serious problems...
...Detroit is truly a huge melting pot," says Alee Darwish, 53, a retired assembly line worker employed by Ford Motor Company for 32 years. "The car companies were no doubt responsible for that." Like other Lebanese who flocked to the area in the early 1900's, Darwish's father immigrated to the U.S. seeking a job at Henry Ford's Model T plant, as the pioneering automobile entrepreneur was offering a large $5 a day. Following in his footsteps, both his sons ended up as career hourly employees at Ford, applying sealer to the seams of metal on the assembly...
...most of the rest of the world that type of performance would be a dream. But for China it would be painful. "The data will look ugly for the first half of next year feel," he says. "For many it will feel like a recession. For the average worker it will feel like a recession. But the foundation for recovery in the second half is solid and the outlook is promising...