There are a number of states that either completely waive, or reduce, the amount of sales tax they charge around the back to school shopping season. This upcoming “holiday” will also be occurring in 2016 as well. The latest information on each state is below.
Monthly Archives: July 2016
While the unemployment rate is now under 5%, which many economists consider to be full employment, there are still many people who have not come back to the labor force. The participation rate of men aged 25-54 is particular alarming in that only 88% of them are employed or seeking a job, and the trend of male participation continues to be downward. Of those who have dropped out, 1/3 of them are now living in poverty. This percentage of workforce participation is down from 98% of them holding a job …
In what may be a piece of good news for the roughly 3 million people that currently earn the bare minimum wage of $7.25 per hour, the Democratic Party will be endorsing a $15 an-hour wage at their July 2016 convention. This means that their “platform” will be setting that level as a goal for their party. If this increase ever does go into effect than anywhere from 3 to 15 million low income households will be earning more money at their jobs each week.