Report: Paid Sick Leave Doesn’t Hurt Economy
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As Congress begins considering legislation that would guarantee workers up to seven paid sick days per year, a new study from the Center for Economic and Policy Research (CEPR), a nonpartisan think tank, finds that mandatory paid sick days do not lead to higher unemployment.
“Paid Sick Days Don’t Cause Unemployment” examines the connection between government-mandated paid sick days and the national rate of unemployment in 22 highly developed countries. Click here to read the report.
Says John Schmitt, a senior economist at CEPR and co-author of the report:
Despite frequent claims to the contrary from some in the business community, we found no correlation between paid sick days and unemployment. Guaranteeing paid sick days does not put countries at a competitive disadvantage.
Women Workers Less Likely to Have Secure Retirement
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Women workers are less likely than men to have enough money to retire comfortably because they generally live longer than men and earn less on the job, according to a new report. It will take a three-pronged approach to help women have a secure retirement, the report says: traditional pensions, supplemental 401(k)-type savings and Social Security.
“Shattering the Retirement Glass Ceiling: Women Need a Three-Legged Stool,” released this month by the non-profit research group National Institute on Retirement Security (NIRS), found that because of her longer life expectancy, a woman with an annual income of $50,000 would need to save $1,000 more toward retirement every year than her male counterpart to have an equal retirement experience. Yet, more than 45 years after the Equal Pay Act was signed, women in the United States still earn only 78 cents for every dollar men earn—even with similar education, skills and experience—and African American and Hispanic women earn even less. The wage difference makes saving money more difficult for many women.
Unions Increase Wages of Service Workers
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After decades of disappointing wage growth for U.S. workers, a report from the Center for Economic and Policy Research (CEPR) shows that joining a union significantly boosts the wages of service-sector workers.
The report, “Unions and Upward Mobility for Service-Sector Employees,” shows that union membership raises the wages of the average service-sector worker by 10.1 percent, or about $2 per hour. According to the report, 13.3 percent of service-sector workers were either members of unions or covered by union contracts at their workplace in the 2004-2007 period. Click here to read the report.
On average, joining a union increases by 19 percentage points the likelihood that a service-sector worker will have employer-provided health insurance. Also, unionized service-sector workers were 25 percentage points more likely to have pensions than their nonunion peers.
Report: Latinos in Unions Fare Better Than Nonunion Peers
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The current economic crisis is hitting Latinos hard and they need the same help that all workers do—better wages, safe working conditions and a union. A new report marks National Hispanic Heritage Month with the news that the union difference benefits Latino workers, just as it does all other union workers.
In the report, the Center for Economic and Policy Research (CEPR) documents a large wage and benefit advantage for Latino workers who join unions compared with their nonunion counterparts. The report, Unions and Upward Mobility for Latino Workers, found that unionized Latino workers earned, on average, 17.6 percentage points more than nonunion Latinos. Latino union members also were much more likely to have health insurance benefits and a pension plan.
