18 Apr 2012

High CEO Pay Comes Under Fire from Shareholders

By Michael Wood, Third and State In the news today, a couple of instances of CEOs being taken to task by shareholders over excessive pay. USA Today reports that at Citigroup, 55% of shareholders rejected or abstained from rubberstamping a $25 million payday for their CEO Vikrom Pandit. The vote

11 Apr 2012

A Recovery for the 1%

By Jheanelle Chambers, Intern, Third and State While many middle-class Americans are still struggling in a down economy, the 1% is doing quite well. The Center on Budget and Policy Priorities has an eye-popping chart (right) showing that in 2009, despite the weak economy, the top 1% of households captured

10 Apr 2012

All Together Now, It’s Time to Raise the Minimum Wage

  By Mark Price, Third and State The New York Times reports this morning that a labor organizer and advocate for a higher minimum wage in Bangladesh has been brutally murdered. Julfikar Ali Manik and Vikas Bajaj, The New York Times — Killing of Bangladeshi Labor Organizer Signals an Escalation

09 Apr 2012

PA Revenue Picture Brightens

By Michael Wood, Third and State Pennsylvania tax collections came in better than expected in March, lowering the state’s total revenue shortfall for the current fiscal year. It was also the first March ever in which tax collections exceeded the $4 billion mark. With three months left in the 2011-12

06 Apr 2012

PA Tax Breaks Vs. Budget Cuts

By Chris Lilienthal, Third and State Right now in Harrisburg, there is a debate going on over whether the state should make more cuts to schools, universities and protections for our children and grandparents. Unfortunately, the Governor has put forth a budget that would do just that. The chart below

05 Apr 2012

Dumb and Dumber PA State Construction Policies

By Stephen Herzenberg, Third and State I’ve got an idea: let’s employ low-wage, low-skill, and sometime out-of-state workers on small and medium-sized state-funded construction projects, with no benefit to taxpayers and negative impacts on local economies. Sound like a stupid idea? That’s because it is. Here’s the backdrop: Pennsylvania’s prevailing

04 Apr 2012

Prevailing Wage Opponents Fail to Look at the Research

The Final Part of a Three-part Series on Prevailing Wage by Mark Price and originally published at Third and State. Read Part 1. Read Part 2. In the first two posts of this series, I explained why the numbers being tossed around by advocates of repealing prevailing wage don’t add up.

03 Apr 2012

Prevailing Wage Opponents Fail Labor Market Statistics 101

Part Two of a Three-part Series on Prevailing Wage by Mark Price, originally published at Third and State. Read Part 1. The overwhelming weight of evidence based on the actual cost of public construction projects shows that prevailing wage laws do not raise costs. Therefore, advocates of repealing the law

30 Mar 2012

Prevailing Wage Opponents Fail the Laugh Test

Part One of a Three-part Series on Prevailing Wage by Mark Price and originally published at Third and State. Prevailing wage laws have long operated nationally and in states as a check against the tendency of the construction industry to degenerate into destructive wage and price competition. Such competition can

29 Mar 2012

Nowhere to Go, More Addicts on the Street and a Ringing Irony

Based on blog posts by Chris Lilienthal originally published here and here at Third and State. The Philadelphia Inquirer reports this morning on the impact of Pennsylvania Governor Tom Corbett’s proposed budget cuts on the lives of people in Southeastern Pennsylvania. Who is getting hit? Adults with disabilities, the homeless,