Latest Income disparity News

Wall Street's gains, more savings lift 401(k) balances

Aug. 20, 2021 17:03 PM EDT

LOS ANGELES (AP) — Solid stock market gains through much of the pandemic and workers putting more of their pay toward their golden years are paying off for many retirement savers. The average 401(k) plan balance grew 24% to a record $129,300 in the second quarter from a...

State senator resigns to take post in Biden administration

Aug. 17, 2021 11:37 AM EDT

PROVIDENCE, R.I. (AP) — A Rhode Island state senator announced her resignation on Tuesday to take a post in the administration of President Joe Biden. Gayle Goldin, D-Providence, said in a statement she has been named a senior adviser at the U.S. Department of Labor...

$15 wage becoming a norm as employers struggle to fill jobs

Jul. 27, 2021 13:52 PM EDT

WASHINGTON (AP) — The signs and banners are dotted along suburban commercial strips and hanging in shop windows and restaurants, evidence of a new desperation among America's service-industry employers: “Now Hiring, $15 an hour.” It is hardly the official federal...

Pope to UN forum: Hunger is 'crime' violating basic rights

Jul. 26, 2021 14:12 PM EDT

ROME (AP) — Pope Francis on Monday decried as criminal the existence of hunger in a world which can produce enough food for all, building on a warning from U.N. Secretary-General Antonio Guterres that climate change and conflict are a consequence and driver of poverty and income inequality....

Wisconsin residents push for an increase in minimum wage

Jul. 25, 2021 01:04 AM EDT

MADISON, Wis. (AP) — For 26-year-old Olivia McKnight, raising the minimum wage to $15 an hour would transform her life. As a full-time Popeyes employee in Milwaukee, McKnight makes $10 an hour. This isn’t nearly enough to support herself and her three children. She...

More protests in Colombia as government unveils new tax plan

Jul. 20, 2021 17:56 PM EDT

BOGOTA, Colombia (AP) — Protests against poverty and inequality resumed on Colombia's independence day Tuesday as President Ivan Duque presented a $4 billion tax plan aimed at helping the government pay for social programs and pandemic-related expenses. Thousands joined...

Female surfers overcome sexism's toll to earn Olympic berth

Jul. 19, 2021 18:28 PM EDT

LEMOORE, CALIF. (AP) — Johanne Defay of France was devastated when the mega sponsor Roxy dropped her right before she became a pro surfer in 2014, shattering her confidence and threatening her career altogether. “They were just like ‘Oh, you don’t look this way,...

White House reports 56% of hires are women, pay gap narrowed

Jul. 01, 2021 18:07 PM EDT

WASHINGTON (AP) — President Joe Biden has filled about 56% of his senior White House staff positions with women, including about 36% who come from racially and-or ethnically diverse backgrounds, according the White House. The Biden administration published the gender...

Hospitality group raises minimum wage, eliminates tipping

Jun. 21, 2021 08:35 AM EDT

EAU CLAIRE, Wis. (AP) — Owners of a group of restaurants, hotels and bars in Eau Claire have eliminated tipping and have raised their minimum wage to $16 an hour. The Pablo Group says it's following a trend that aims to improve pay equity for all employees. ...