cal04
cal04's JournalCostco: Workers At This Giant Retail Company Are Really Happy With Their Pay
In an analysis of employee feedback shared on Glassdoor over the past year, just one retailer comes in the top 25 for top marks on pay and benefits: Costco.
In fact, the company is ranked at number two on the list, although has the same rating — 4.4 — as the top rated company, Google. It also beats out some big tech companies, which are often thought of as paying well and giving workers good perks, like Facebook, Adobe, and Microsoft.
Costco has become known for paying its workers more than is typical in the retail sector, where median pay is $10.29 an hour. Its starting pay is $11.50 an hour and even the lowest paid positions report on Glassdoor that they make $11.80 on average. Across all positions, its average pay is nearly $22. It also offers benefits, with 88 percent of employees enrolled in company-sponsored health insurance.
On top of that, it offers significant room for advancement: 70 percent of its warehouse managers, who can expect to make about $22 an hour on average, started in the company’s lower ranked positions. This engenders high levels of worker loyalty, as its turnover rate is just 5 percent for those who have been there for more than a year.
http://thinkprogress.org/economy/2014/05/25/3441468/costco-employee-pay/
President Obama:Working When Congress Won’t Act
Source: White House
In this week’s address, the President discussed actions to expand opportunity for more Americans, with or without the help of Republicans in Congress, including his Administration’s efforts to cut red tape for major transportation infrastructure projects. In the coming days, the President will meet with business leaders to highlight the importance of bringing jobs back to America and will also discuss the economic benefits of making it easier for tourists to visit and spend money at attractions in the U.S., which in turn helps local businesses and grows the economy for everyone. The President has called 2014 a year of action, and he will continue to do whatever he can to continue to strengthen our economy, create jobs and restore opportunity for all.
(snip)
Here’s the problem: If Congress doesn’t act by the end of this summer, federal funding for transportation projects will run out. States might have to put some of their projects on hold. In fact, some already are, because they’re worried Congress won’t clear up its own gridlock. And if Congress fails to act, nearly 700,000 jobs would be at risk over the next year.
That’s why I put forward a plan to rebuild our transportation infrastructure in a more responsible way. It would support millions of jobs across the country. And we’d pay for it without adding to the deficit by closing wasteful tax loopholes for companies that ship jobs overseas.
Now, the Republicans in Congress seem to have very different priorities. Not only have they neglected to prevent this funding from running out, their proposal would actually cut by 80% a job-creating grant program that has funded high-priority transportation projects in all 50 states. And they can’t say it’s to save money, because at the very same time, they voted for trillions of dollars in new tax cuts, weighted towards those at the very top.
Think about that. Instead of putting people to work on projects that would grow the economy for everyone, they voted to give a huge tax cut to households making more than $1 million a year.
Read more: http://www.whitehouse.gov/the-press-office/2014/05/17/weekly-address-working-when-congress-won-t-act
Transcript
http://www.whitehouse.gov/the-press-office/2014/05/17/weekly-address-working-when-congress-won-t-act
Pope: The Bible Demands The Redistribution Of Wealth
Pope Francis called for “the legitimate redistribution of economic benefits” on Friday, arguing that the Bible demands an economic system that cares for the “poorest and those most excluded.”
Francis made the comments while speaking before a gathering of several United Nations agency leaders, including U.N. Secretary-General Ban Ki-moon. As he reflected on the U.N.’s target for Future Sustainable Development Goals, the first Latin American pope asked those present to resist participating in an “economy of exclusion” and to strive to have “a real impact on the structural causes of poverty and hunger.”
“In the case of global political and economic organization, much more needs to be achieved, since an important part of humanity does not share in the benefits of progress and is in fact relegated to the status of second-class citizens,” Francis said.
Francis grounded his argument in biblical the story of Zacchaeus, a rich (and likely corrupt) tax collector who dramatically altered his economic behavior after encountering Jesus Christ. According to Luke 19:1-10, Zacchaeus was overcome by Jesus’ kindness, prompting the wealthy man to publicly proclaim that he would give half his possessions to
http://thinkprogress.org/home/2014/05/09/3436223/pope-the-bible-calls-for-the-redistribution-of-wealth/
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