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 »
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 »
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 »
As activists participating in the “Fast for Families” in Washington, DC called on the American people to join in “National Days to Act, Fast & Pray,” the Minnesota AFL-CIO today announced its support for events scheduled this week to send a clear message to Speaker John Boehner that the time is now to pass commonsense immigration reform with a path to citizenship. read more »
In it’s first round of 2014 political endorsements, the Minnesota AFL-CIO General Board voted to back Governor Mark Dayton and Senator Al Franken for reelection. The elected board represents more than 300,000 union members throughout the state of Minnesota.
Minnesota AFL-CIO President Shar Knutson said both endorsements are based on their work in being strong advocates for Minnesota’s working people. read more »
Minnesota AFL-CIO President Shar Knutson issued the comments on State Senator Dave Thompson’s entry into the Governor’s race:
“If you asked anyone in Minnesota’s Labor movement to identify a politician in our state who best resembles Scott Walker-style politics, they would point to Dave Thompson. read more »
The 2013 Minnesota Legislature adjourned at midnight on Monday, bringing to a close one of the most productive legislative sessions for working Minnesotans in a generation. read more »
Minnesota Senate Majority Leader Tom Bakk told reporters today that a minimum wage increase is likely off the table for the 2013 session. The Minnesota AFL-CIO has been working with a coalition of faith, labor, non-profit, and small business groups advocating an increase to $9.50 per hour over three years with annual increases for inflation. read more »