Morsa Images | Stone | Getty Images Lise Vesterlund felt she was “spread too thin” at work, but it was only when the economist started discussing it with friends that she realized the source of the problem — “non-promotable tasks.” Vesterlund, the Andrew W. Mellon professor of economics at the University of Pittsburgh, coined the term with fellow academics Linda …
Nirat | Istock | Getty Images It’s no secret the Covid-19 pandemic has been tough on millions of moms. Trying to juggle work amid ongoing child care uncertainties has left many mothers frustrated into the third year of the pandemic. While tough choices between work and parenting were a shock for middle- and upper-income women, low-income women already faced those …
Golibtolibov | Istock | Getty Images Taxing the wealthy is a big topic in Washington these days. President Joe Biden recently proposed in his 2023 annual budget a so-called billionaire minimum income tax that would increase levies on the country’s wealthiest households. Under the plan, people with a net worth of $100 million or more would face a 20% tax …
The CEO-to-worker pay gap is widening yet again, as top executives who took pandemic pay cuts more than recovered lost earnings in the last year. CEOs made 254 times more than the average worker in 2021, up 7% from the year prior, according to the Equilar 100, which offers an early look at CEO compensation among the largest companies by …
Anna Mascall pictured in front of the Easton, Pa., home she recently purchased. “To be able to say I own a home, I kind of did the American dream,” she said. Courtesy: Anna Lee Mascall After years of renting, Anna Mascall, 30, decided she wanted to buy her own home. Then the Covid-19 pandemic hit, and urban residents began flocking …
Michael Tubbs, former mayor of Stockton, California. Nick Otto | AFP | Getty Images Michael Tubbs had the odds stacked against him while growing up in Stockton, California, as the son of a young single mother and an incarcerated father. Tubbs, 31, felt the expectations for his life as a Black man in America were either prison or death, he …
A worker helps a customer at the Presidente Supermarket in Miami on April 13, 2020. Joe Raedle | Getty Images Workers across the U.S. are wondering how rising inflation might be impacting their take-home pay. Inflation has risen more than expected. In October, consumer prices increased 0.9% and pushed the year-over-year gain to 6.2%, hitting a 30-year high, according to …
