Originally published on Wed February 12, 2014 2:21 pm
When Woody Harrelson's character got hired as a bartender on Cheers, he was so excited, he insisted on working for no more than the minimum wage. "I'd work like a slave," he said, "and, of course, I'd wash your car."
Most bar and restaurant workers would prefer to bring home a little more cash. They may be in luck.
As part of his plan to raise the minimum wage, President Obama has called for substantially increasing the base wage paid to tipped workers for the first time in decades.
As President Obama prepares to deliver his State of the Union speech Tuesday evening, he does it against a backdrop of some of the lowest voter-approval ratings of his presidency, with a divided Congress that has largely stalled his second-term agenda and with Washington's collective focus starting to shift toward the midterm elections and beyond.
Here are five things to expect from the president in his fifth State of the Union speech:
In 1895, legislators in New York state decided to improve working conditions in what at the time could be a deadly profession: baking bread.
"Bakeries are actually extremely dangerous places to work," says Eric Rauchway, a historian at the University of California, Davis. "Because flour is such a fine particulate, if it gets to hang in the air it can catch fire and the whole room can go up in a sheet of flame."
A payday loan is a costly form of credit operating on the fringes of the economy. That's why the target of a new crackdown by federal regulators may surprise you: Instead of a forlorn-looking storefront with a garish neon sign, it's your familiar neighborhood bank.
A small but growing number of banks, including some major players, have been offering the equivalent of payday loans, calling them "deposit advances."
That is, at least, until bank regulators stepped in Nov. 21 and put new restrictions on the loans.