2014 Executive PayWatch exposes high paid CEOs in the low wage economy
According to the AFL-CIO’s 2014 Executive PayWatch website, the average CEO of a company based in Minnesota made $5,725,683, 127 times more than the $44,932 earned by the average Minnesota private sector worker.
This year, the highest paid CEO in the state of Minnesota is Gregg W. Steinhafel of Target. He makes 595 times more than the average worker in Minnesota. read more »
Minnesota AFL-CIO President Shar Knutson issued the following statement after the Legislature sent a $9.50, inflation indexed, minimum wage bill to Governor Dayton’s desk:
“It’s a great week for all Minnesotans, but especially the 357,000 working Minnesotans who make less than $9.50 per hour.
This legislation ensures that Minnesota’s minimum wage catches up to $9.50 per hour and will keep up with the cost of living. read more »
In response to today’s agreement between the House and Senate on legislation to raise Minnesota’s minimum wage to $9.50 by 2016 and to make future upward adjustments to reflect the cost of living, Raise the Wage Coalition co-chairs Peggy Flanagan, Executive Director, Children’s Defense Fund, Minnesota; Brian Rusche, Executive Director, Joint Religious Legislative Coalition; and Shar Knutson, President, Minnesota AFL-CIO, issue read more »
Today, Minnesotans learned the state’s financial health continues to improve. Finance officials announced that Minnesota’s budget is running a $1.23 billion surplus, a $400 million improvement from November. Minnesota AFL-CIO President Shar Knutson issued the following statement:
“Thanks to smart leadership from Governor Dayton and DFL majorities in the House and Senate, Minnesota is bouncing back from a decade of deficits, cuts, and economic stagnation. We’re creating new jobs, incomes are growing, and we’re investing in middle class priorities again. read more »
New federal numbers come as Politico ranks Minnesota “2nd strongest state” in the country
In its annual report of union membership, the federal Bureau of Labor Statistics found Minnesota’s union membership increased by 11,000 in 2013. Minnesota now has an estimated 362,000 union members, 14.3% of the overall workforce. The uptick in membership moves Minnesota from the 13th to 11th most unionized state in the country. read more »
Minnesota Senator Al Franken lead 11 of is Senate colleagues in a latter to Senate Majority Leader Harry Reid expressing deep concerns on granting the President so-called "fast track" authority on trade agreements.
The letter calls for increased Congressional oversight for trade deals, stronger enforcement for currency manipulation, better labor and environmental controls, and increasing American competitiveness, particularly in the manufacturing sector.
U.S. Senator Amy Klobuchar (D-MN), Vice Chair of the U.S. Congress Joint Economic Committee (JEC), today held a hearing examining income inequality in America with former Labor Secretary Robert Reich. read more »
Governor Mark Dayton announced a $986 million jobs and infrastructure proposal today to keep Minnesota’s economy moving in the right direction. Minnesota AFL-CIO President Shar Knutson issued the following statement:
“Nearly every economic indicator shows that Minnesota’s economy is not only in full recovery, but growing. read more »
Today, Minnesota budget officials announced a surplus that pays back the entire school shift and all other past budget shifts, leaving the state with an $825 million surplus.
Minnesota AFL-CIO President Shar Knutson issued the following statement in response:
“Under the leadership of Governor Mark Dayton and the DFL Legislature, Minnesota is now investing in schools and job creation, making taxes fair, and growing the economy. Today’s news shows how honest budgeting, progressive taxes, and targeted investments lead to prosperity. read more »