A new report from researchers from the International Monetary Fund (IMF) finds that not only is rising inequality a drag on economic growth, but that policies designed to lessen inequality through a moderate level of redistribution do not slow growth. While the report is clear in stating it isn't the official opinion or policy of the IMF, researchers Jonathan D. Ostry, Andrew Berg and Charalambos G. Tsangarides make a compelling case that austerity policies are bad for economic growth and that it isn't just morally sound to reduce income inequality, it's the economically wise choice, too. While countries have pursued policies focused heavily on deficit reduction and lower government spending, the new report suggests those legislative priorities may be the wrong approach to economic growth, joining a growing chorus of evidence from economic analysts that is pushing for a move away from austerity. Read more >>>
The economy added 175,000 jobs in February—62,000 more than the January job gain but still far below what is needed for recovery—and the nation’s unemployment rate was nearly unchanged at 6.7%, compared with January’s 6.6%, according to figures released this morning by the U.S. Bureau of Labor Statistics. The number of long-term unemployed people (those jobless for 27 weeks or more) rose by 203,000, increasing the number of long-term jobless workers to 3.8 million. Read more >>>
Last year, Denise Imundo’s husband had surgery on his neck that forced him out of the job market. He went four months without work, and although he was eligible to receive disability payments, they only covered one-third of his salary. And when the holidays approached, finances were getting tight.
But instead of racking up debt, the couple’s Union Plus Credit Card offers special assistance for eligible cardholders. Read more>>>
Denver—Yesterday, the Keep Jobs in Colorado Act was passed by the General Assembly and is now headed to Governor John Hickenlooper’s desk. Recently the AFL-CIO released a video of the "Harlem Shake" dance in the capitol rotunda. https://www.youtube.com/watch?v=uJA5WqXriJI??
Click the title to read the full press release.
Harlem Shake - Colorado AFL-CIO Style
On Monday, April 8th the Colorado AFL-CIO released this video to coincide with the Keep Jobs in Colorado Act - House Bill 1292. This bill promotes local hiring, domestic manufacturing, expansion of "best value" employment metrics and procurement reforms that curb taxpayer-funded outsourcing of jobs overseas.
POLL FINDS OVERWHELMING SUPPORT FOR COLORADO FIREFIGHTERS COLLECTIVE BARGAINING
DENVER- Results from a statewide survey released today by Myers Research reveals strong voter support (86%) for ensuring collective bargaining rights for Colorado fire fighters. (See attached memo.) The timely results of this survey are arriving just as a firefighter collective bargaining bill, Senate Bill 13-025, passed the Senate on Tuesday, February 6, 2013, and moves to the House.
“This survey demonstrates overwhelming support for fire fighters and to ensure that we have a seat at the table to negotiate as a group,” said Mike Rogers, President of the Colorado chapter of the International Association of Fire Fighters. “86% of voters supporting collective bargaining rights for firefighters sends a strong message to our elected officials at all level about the priorities of voters.”
The survey of over 600 voters in Colorado in late January has a margin of error of +/- 4.0. (See attached memo.) Respondents were asked the question:
The bill would ensure firefighters a voice in community discussions of resources and compensation. Several fire departments already collectively bargain in Denver and Aurora. These current collective bargaining entities allow fire fighters and their employers to discuss daily service delivery, wild land operations, and acquisition of necessary first responder equipment.
“The Colorado Professional Fire Fighters represent 3,800 full-time professional fire fighters and paramedics in the state. More information is available at www.cpff.org.
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