Minimum wage increases for 18 U.S. states in 2018
Minimum wage workers in 18 states will get a pay hike next week when higher wage floors go into effect around the country for 2018.
Economic inequality
Economic inequality shapes opportunity, health, and security for billions of people. This archive tracks real progress — policy wins, research breakthroughs, and community-driven solutions — that are narrowing gaps in wealth, wages, and access around the world.
Iceland becomes first country to legalize equal pay
The legislation, which came into force on Monday, the first day of 2018, makes Iceland the first country in the world to legalise equal pay between men and women.
South Korea to boost minimum wage by 16%
South Korea’s minimum wage is set to increase next year by 16 percent, the biggest jump since 2001.
Economic Security Project commits $10 million to U.S. basic income research
Universal basic income got its first serious American test run in December 2016, when the Economic Security Project pledged $10 million over two years to fund U.S. pilots and research. More than 100 signatories joined in, from Sam Altman to Robert Reich. It marked the moment a long-running thought experiment finally met real money.
Portland becomes first U.S. city to tax companies over CEO pay gap
Portland’s CEO pay surtax, passed by the City Council in December 2016, became the first U.S. tax tied directly to corporate pay ratios. Companies paying chief executives more than 100 times their median worker owed a 10 percent surcharge on their business license tax, with steeper rates above 250:1. A small city turning federal disclosure data into local consequence.
Washington voters approve $13.50 minimum wage and paid sick leave
Washington state voters approved Initiative 1433 on Election Night 2016, raising the minimum wage from $9.47 to $13.50 over four years and guaranteeing paid sick leave for the first time statewide. Roughly 60 percent backed the measure, tying future wages to inflation so their value wouldn’t quietly erode over time.
The U.S. Higher Education Act opens college to millions through federal aid
The Higher Education Act, signed by President Lyndon Johnson on November 8, 1965, opened college to millions of Americans who’d been priced out. Johnson chose his own alma mater in Texas for the signing, launching federal student loans, work-study, and scholarships under one roof. Six decades and eight reauthorizations later, it still shapes who gets to learn.
Antigua Trades and Labour Union forms, giving workers a political voice
In 1939, Antiguan workers formed the Antigua Trades and Labour Union, their first organized voice more than a century after Britain’s 1833 emancipation had left the plantation economy intact. Under Vere Cornwall Bird, who became president in 1943, the union grew into a political platform — and eventually a pathway to independence in 1981.
Roosevelt launches the New Deal, reshaping the U.S. social contract
The New Deal launched in spring 1933, when Franklin D. Roosevelt took office with roughly a quarter of Americans out of work and banks collapsing nationwide. Over the next five years, a rush of laws created Social Security, federal deposit insurance, and jobs for millions. Much of that architecture still shapes American life today.
Karl Marx publishes The Communist Manifesto, one of history’s most influential pamphlets
The Communist Manifesto rolled off a London press on February 21, 1848, a slim 40-page pamphlet written by Karl Marx with Friedrich Engels. One day later, revolution erupted in France. Whatever one makes of its legacy, the pamphlet reshaped how people everywhere talk about labor, class, and power.