Tag Archives: pay raise

Congress wants a pay raise while the rest of the country struggles: They say if you pay them more they will do a better job

Speaker-Mike-Johnson

Important Takeaways:

  • Campaign opens for performance-based congressional pay and 70% raise
  • A campaign has started to raise the salaries of House and Senate members by 70% to $294,000 from the current $174,000 in return for better “performance.”
  • Federal analyst Steven Kopits, the president of Princeton Policy Advisors, argued that since most members are lawyers, salaries should at least be equal to what first-year associates in Manhattan receive, plus a 20% bump up.
  • “Most legislators are lawyers by trade, and we — or at least I — would hope that the public would prefer the best and the brightest to become members of Congress. First year law associates in New York are the best and brightest of their year, typically from Ivy League universities, and their salaries are tied to the market for premium legal services in the U.S. Therefore, if we believe we would like to recruit top-line legal professionals to serve in Congress, then first year associate salaries are a plausible comparable,” Kopits said in a memo.
  • “I would argue that a senator should make considerably more than a first year lawyer, perhaps twice as much, but the political equilibrium seems to fall considerably lower. Even so, a congressman should make at least 20% more than a first year lawyer, about the same ratio as in the 1980s. If we apply that metric, congressional salaries should be set at $294,000 for 2024, a 70% increase over the current pay level,” he said.
  • “It’s one thing to bad mouth your opponents when it’s costless. But when your bonus depends on using money wisely, well, people find a way to cooperate. If you’re a burn-it-to-the-ground MAGA Republican, the most revolutionary thing you could do is introduce a performance-based bonus. Democrats might have to go along with it. After all, they want a pay raise, too,” Kopits argued.

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Oklahoma teachers end nearly two-week walkout that shut schools

Protester march during a strike by Oklahoma educators demanding more school funding near the Oklahoma state Capitol in Oklahoma City, Oklahoma, U.S., April 9, 2018. Picture taken on April 9, 2018. REUTERS/Heide Brandes

By Heide Brandes

OKLAHOMA CITY (Reuters) – Oklahoma’s largest teachers union on Thursday called off a nearly two-week walkout that shut public schools statewide, saying it had secured historic gains in education funding after school budgets were devastated by a decade of cuts.

The move came after the Republican-dominated legislature passed its first major tax hikes in a quarter century that raised about $450 million in revenue for education. Republican leaders said they had no plans to go as high as the $600 million being sought by educators.

“We absolutely have a victory for teachers,” Alicia Priest, president of the Oklahoma Education Association, told a news conference.

“Our members are saying they want to go back to the classroom,” said Priest, whose union has about 40,000 members.

Some major districts have said they will resume classes on Monday.

The strike was part of a wave of actions by teachers in states that have some of the lowest per-student spending in the country. A West Virginia strike ended last month with a pay raise for teachers, and educators in Arizona protested before classes on Wednesday, without skipping work, to seek enhanced education funding.

The Oklahoma walkout began on April 2 and affected about 500,000 of the state’s 700,000 public school students.

Opinion surveys showed it had garnered wide support among Oklahoma voters, many of whom had seen firsthand how students at struggling schools had to share outdated and tattered textbooks and sometimes go to a four-day school week to help save districts money.

Oklahoma teachers, who were seeking a $10,000 annual wage hike over three years, will see an average annual pay raise of about $6,100 from the increased funding, lawmakers said.

In May 2017, their annual mean wage was $41,880, among the lowest in the country, compared with neighboring states such as Texas at $57,830 and Kansas at $50,470, according to the U.S. Bureau of Labor Statistics.

School districts for the most part supported the teacher walk-out. But they began to run out of wiggle room to make up for lost time when the labor action threatened to extend the school year, piling pressure on teachers to return.

Low wages have created an exodus of educators, causing a teacher shortage in Oklahoma. As a result, school districts had to cut curricula and deploy nearly 2,000 emergency-certified instructors as a stop-gap measure.

(Reporting by Heide Brandes in Oklahoma City and Lenzy Krehbiel-Burton in Tulsa; Writing by Jon Herskovitz; Editing by Bill Tarrant and Sandra Maler)

Walmart uses lower U.S. tax bill to raise minimum wage to $11 an hour

: A customer pushes a shopping cart at a Walmart store in Chicago, Illinois, U.S. November 23, 2016.

By Nandita Bose

NEW YORK (Reuters) – Walmart Stores Inc said on Thursday it would raise entry-level wages for hourly employees to $11 an hour as it benefits from the biggest overhaul of the U.S. tax code in 30 years.

The world’s largest retailer said the increase would take effect in February and that it would also expand maternity and parental leave benefits and offer a one-time cash bonus, based on length of service, of up to $1,000.

The pay increase and bonus will benefit more than 1 million U.S. hourly workers, it said.

Walmart’s announcement follows companies like AT&T Inc, Wells Fargo Co and Boeing Co, which have all promised more pay for workers after the Republican-controlled U.S. Congress passed a tax bill last month that cut the corporate tax rate to 21 percent from 35 percent.

A Walmart employee helps a customer navigate a flyer at the store in Broomfield, Colorado November 28, 2014.

FILE PHOTO: A Walmart employee helps a customer navigate a flyer at the store in Broomfield, Colorado November 28, 2014. REUTERS/Rick Wilking/File Photo

President Donald Trump and his fellow Republicans have argued that the big corporate tax cut will benefit workers and lead to more investment by U.S. companies.

“We are in the early stages of assessing the opportunities tax reform creates for us,” President and Chief Executive Officer Doug McMillon said in a statement. The tax law gives the retailer an opportunity to be more competitive globally and to accelerate investment plans for the United States, he said.

The increase in wages will cost approximately $300 million on top of wage hike plans that had been included in next fiscal year’s plans, the company said.

The company is offering a one-time bonus to all full and part-time employees based on their length of service, rising to $1000 for employees with 20 years of service. The one-time bonus will amount to $400 million in the current fiscal year.

The company raised its minimum wage to $9 an hour in 2015. In 2016, it said employees who finished an internal training program would be eligible for $10 an hour. The retailer has spent about $2.7 billion to increase wages over the past few years.

(Reporting by Nandita Bose; Editing by Lisa Von Ahn and Frances Kerry)