wages

Economic Policy Institute

New data show that while the wealthy in Kentucky keep earning more money, the poor continue to make even less.

The report from the Economic Policy Institute, which uses IRS income data from 2013, found income inequality has increased in every state since the 1970s.

Millions more American workers will soon be eligible for overtime pay under a rule being finalized Wednesday by the Labor Department.

The rule says anyone who makes less than $47,476 per year must receive time-and-a-half pay for hours worked beyond 40 hours a week. That's roughly double the current threshold of $23,660.

The measure is one of the most sweeping moves the Obama administration has made so far in its efforts to boost slow-growing incomes. But it's sure to face opposition from some business owners.

Studies have been showing for years that this country's middle class is shrinking.

Now, the nonpartisan Pew Research Center has added another dimension to the story: Its examination of government data shows the problem is not confined to the Rust Belt or Appalachia.

In fact, the middle is shrinking from coast to coast.

A new government report confirms: Wages and prices are going their separate ways.

This breakup is helping consumers on the rebound from recession.

Fresh evidence of the split came Monday in the Commerce Department's monthly report on personal spending, income and saving. It showed paychecks are fatter, prices are leaner and Americans are saving more.

    

WKMS News presents a new documentary: Living on the Line: Poverty in Western Kentucky.

Living on the Line tells the story of three families, each making less than a living wage. They share stories of dealing with hardships, trying to move forward and staying optimistic in spite of their situations. Each family has hope for better days and works to get out of poverty.

wikipedia.org

Illinois lawmakers are facing the final three days of the Legislature’s fall session, but big issues like fixing state pension funds or expanding legalized gambling will probably have to wait for January action. The Senate might consider a House-approved resolution opposing wage increases for state workers this year.

Eddyville Council Members Increase Salaries

Sep 13, 2012
eddyvilleky.org

Eddyville City Council members voted in a split decision this week to more than double their salaries. Council members approved the change 3 to 2. The salaries will go from 100 dollars a month to 250 dollars a month beginning in January with the new council term. All six council members are up for reelection this year, with eleven candidates running.

Top managers at the Tennessee Valley Authority now make more than members of Congress, who are paid $174,000 annually.  The Chattanooga Times Free Press reports TVA is paying out nearly $30 million a year more for 155 of its top leaders since Congress removed salary limits at the federal utility in 2004.  Former TVA Director Skila Harris said the changes have helped the utility hire qualified workers, plant managers, technicians and executives.