President Obama speaks about raising the minimum wage to $10.10 per hour during an event last week in New Britain, Conn. The effort to raise wages is seen as part of his State of the Union promise of a "year of action."
Originally published on Wed March 12, 2014 12:37 pm
The Obama administration's push to put income inequality atop the domestic political agenda has another battlefront.
According to The New York Times, the president "this week will seek to force American businesses to pay more overtime to millions of workers, the latest move by his administration to confront corporations that have had soaring profits even as wages have stagnated."
In the 1990s, the U.S. government embarked on an ambitious social experiment to try to help people get out of poverty. The Moving to Opportunity Program gave housing vouchers to single mothers so they could raise their kids in areas with better job prospects and better schools. The hope was the families would thrive.
Senate lawmakers, this week, are announcing a bipartisan plan to overhaul the nation's mortgage market. The stock prices of the government-controlled mortgage giants Fannie Mae and Freddie Mac plunged on the news.
GREENE: Toyota employees in Japan will seek their biggest pay raise in 21 years - though it's not very big. The giant Japanese automaker says it will boost pay by just under one percent. This is less than the workers union was asking for.
Japan's Prime Minister Shinzo Abe has been pressuring Japanese businesses to raise rates in an effort to pull Japan out of decades of deflation. Transcript provided by NPR, Copyright NPR.