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December 13, 2017

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More Workers Face Pay Cuts

Instead of furloughs, which cropped up during the recession, more companies are now cutting employes salaries to save money, The New York Times reports.

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  1. As several states are experiencing a fall in unemployment rates, the overall national average paints a bleaker picture, as it is starting to slowly rise, causing an array of social and economic problems for the ordinary citizen. There are more than 1.69 million Americans that are currently unemployed. This number is awful and means that more Americans are slowly being put on state aid and draining society of invaluable resources which could otherwise be spent on education or health provision. This strikes at the core of the budget for the states, which are spread very thin as it is across all the required public departments.

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