Smlr_net September 2007

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Check Out This Page On NJ.com
by sagauro＠rci.rutgers.edu and NJ.com 27 Sep '07

27 Sep '07

Dear smlr net: eugene (sagauro(a)rci.rutgers.edu) thought you would be interested in this item from NJ.com. (This page may also contain advertising.) http://www.nj.com/news/ledger/index.ssf?/base/news-12/1190867827202880.xml&… Note: NJ.com will not use your e-mail address for any other purpose, unless you provide it to us in some other way. Please read our Privacy Policy at http://www.nj.com/privacypolicy. 30 Journal Square, Suite 500, Jersey City, NJ 07306

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NYTimes.com: Picking Up Trash by Hand, and Yearning for Dignity
by sagauro＠rci.rutgers.edu 27 Sep '07

27 Sep '07

This page was sent to you by: sagauro(a)rci.rutgers.edu. INTERNATIONAL / ASIA PACIFIC | September 27, 2007 New Delhi Journal: Picking Up Trash by Hand, and Yearning for Dignity By AMELIA GENTLEMAN An essential class of workers, garbage collectors in India's capital are among the city's poorest and most marginalized groups. http://www.nytimes.com/2007/09/27/world/asia/27ragpickers.html?ex=119147040… ---------------------------------------------------------- ABOUT THIS E-MAIL This e-mail was sent to you by a friend through NYTimes.com's E-mail This Article service. For general information about NYTimes.com, write to help(a)nytimes.com. NYTimes.com 620 Eighth Avenue New York, NY 10018 Copyright 2007 The New York Times Company

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NYTimes.com: With U.A.W. Accord, G.M. Looks to a New Detroit
by sagauro＠rci.rutgers.edu 27 Sep '07

27 Sep '07

This page was sent to you by: sagauro(a)rci.rutgers.edu. BUSINESS | September 27, 2007 With U.A.W. Accord, G.M. Looks to a New Detroit By MICHELINE MAYNARD G.M. has taken a major step toward eliminating much of the burden of providing benefits for its current and former workers. http://www.nytimes.com/2007/09/27/business/27auto.html?ex=1191470400&en=0a0… ---------------------------------------------------------- ABOUT THIS E-MAIL This e-mail was sent to you by a friend through NYTimes.com's E-mail This Article service. For general information about NYTimes.com, write to help(a)nytimes.com. NYTimes.com 620 Eighth Avenue New York, NY 10018 Copyright 2007 The New York Times Company

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CWW: Fourth Annual Connecting Communities Event!
by Eugene McElroy 26 Sep '07

26 Sep '07

We hope you can join us for our Fourth Annual Connecting Communities Event! see attachment -- Eugene McElroy Rutgers University School of Management and Labor Relations Library 50 Labor Center Way New Brunswick, New Jersey 08901 732-932-9513 tel: 732-932-9513 ********

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Two October Forums in NYC on Labor Issues]
by Eugene McElroy 26 Sep '07

26 Sep '07

(1) September 28 @ 2:00 PM --- CUNY's Murphy Institute for Labor, Community, and Policy Studies; New York Jobs with Justice; and The Taxi Workers Alliance invite you to a Workers Right Board Hearing Taxi Workers Struggling for Fair Wages and Decent Working Conditions The Workers' Rights Hearing Board will feature taxi workers testifying about their working conditions and the contested implementation of the GPS (global positioning system) to a prominent board of labor leaders, academics and politicians. when: 2:00 PM on FRIDAY, SEPTEMBER 28th where: Murphy Institute for Labor, 25 West 43rd Street, 18th floor, New York City Please RSVP to Eloiza Morales at (212) 646-2029 by September 26th (2) October 17 @ 9:00 AM --- The Labor Research Association Announces A Public Forum Eating Cake Or Eating Crumbs: The Crisis In Retirement Security The number of real pensions--defined benefit pensions--has declined dramatically. Since 1978, the number of defined-benefit plans has plummeted from 128,041 plans covering some 41 percent of private-sector workers to only 26,000 today. In 2005, only 55 percent of full-time and part-time private sector workers worked at firms that sponsored a retirement plan. How will workers survive in their retirement years? And what does that mean for the economy? Panelists: Bruce Raynor, General president of UNITE-HERE and one of labor's leading authorities on pensions and capital strategies. Damon Silvers, Associate General Counsel, AFL-CIO, and one of labor's key strategists on pensions and capital strategies Lee Sheppard, Contributing editor for Tax Notes and a recognized expert on pensions. A representative of the business community TBA. when: 9:00 AM on Wednesday, October 17 where: 330 West 42nd Street, 32nd floor fee: $20 (Make check payable to Labor Research Association) Please RSVP to Natasha Winegar at (646)-348-6880 or nwinegar(a)laborresearch.org -- Eugene McElroy Rutgers University School of Management and Labor Relations Library 50 Labor Center Way New Brunswick, New Jersey 08901 732-932-9513 tel: 732-932-9513 ********

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NYTimes.com: He's Happier, She's Less So
by sagauro＠rci.rutgers.edu 26 Sep '07

26 Sep '07

This page was sent to you by: sagauro(a)rci.rutgers.edu. BUSINESS | September 26, 2007 Economic Scene: He's Happier, She's Less So By DAVID LEONHARDT Two new research papers offer evidence that there is a growing happiness gap between men and women. http://www.nytimes.com/2007/09/26/business/26leonhardt.html?ex=1191470400&e… ---------------------------------------------------------- ABOUT THIS E-MAIL This e-mail was sent to you by a friend through NYTimes.com's E-mail This Article service. For general information about NYTimes.com, write to help(a)nytimes.com. NYTimes.com 620 Eighth Avenue New York, NY 10018 Copyright 2007 The New York Times Company

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NYTimes.com: To the Victors at Rutgers Also Goes the 'Spoilsport'
by sagauro＠rci.rutgers.edu 26 Sep '07

26 Sep '07

This page was sent to you by: sagauro(a)rci.rutgers.edu. EDUCATION | September 26, 2007 To the Victors at Rutgers Also Goes the 'Spoilsport' By SAMUEL G. FREEDMAN A Rutgers professor sees athletic ascent accompanied by academic descent. http://www.nytimes.com/2007/09/26/education/26education.html?ex=1191470400&… ---------------------------------------------------------- ABOUT THIS E-MAIL This e-mail was sent to you by a friend through NYTimes.com's E-mail This Article service. For general information about NYTimes.com, write to help(a)nytimes.com. NYTimes.com 620 Eighth Avenue New York, NY 10018 Copyright 2007 The New York Times Company

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NYTimes.com: Towns Rethink Laws Against Illegal Immigrants
by sagauro＠rci.rutgers.edu 26 Sep '07

26 Sep '07

This page was sent to you by: sagauro(a)rci.rutgers.edu. NEW YORK REGION | September 26, 2007 Towns Rethink Laws Against Illegal Immigrants By KEN BELSON and JILL P. CAPUZZO In many towns that have enacted laws to target illegal immigrants, substantial consequences have followed. http://www.nytimes.com/2007/09/26/nyregion/26riverside.html?ex=1191470400&e… ---------------------------------------------------------- ABOUT THIS E-MAIL This e-mail was sent to you by a friend through NYTimes.com's E-mail This Article service. For general information about NYTimes.com, write to help(a)nytimes.com. NYTimes.com 620 Eighth Avenue New York, NY 10018 Copyright 2007 The New York Times Company

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NYTimes.com: G.M. and Union Reach Tentative Agreement
by sagauro＠rci.rutgers.edu 26 Sep '07

26 Sep '07

This page was sent to you by: sagauro(a)rci.rutgers.edu. BUSINESS | September 26, 2007 G.M. and Union Reach Tentative Agreement By MICHELINE MAYNARD and NICK BUNKLEY The key provision of the landmark agreement, which ended a two-day strike, is a health care trust that would get G.M.'s massive liability off its books. http://www.nytimes.com/2007/09/26/business/26cnd-auto.html?ex=1191470400&en… ---------------------------------------------------------- ABOUT THIS E-MAIL This e-mail was sent to you by a friend through NYTimes.com's E-mail This Article service. For general information about NYTimes.com, write to help(a)nytimes.com. NYTimes.com 620 Eighth Avenue New York, NY 10018 Copyright 2007 The New York Times Company

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[IWS] CRS: INCOME & POVERTY AMONG OLDER AMERICANS 2006 [24 September 2007]]
by Eugene McElroy 25 Sep '07

25 Sep '07

Congressional Research Service (CRS) Order Code RL32697 Income and Poverty Among Older Americans in 2006 Updated September 24, 2007 Patrick Purcell, Specialist in Income Security, Domestic Social Policy Division http://www.opencrs.com/rpts/RL32697_20070924.pdf [full-text, 25 pages] Summary Older Americans are an economically diverse group. In 2006, the median income of individuals aged 65 and older was $16,890, but incomes varied widely around this average. Twenty-three percent of Americans 65 or older had incomes of less than $10,000 in 2006, while 12% had incomes of $50,000 or more. As Congress considers reforms to Social Security and the laws governing pensions and retirement savings plans, it may be helpful to examine how changes to one income source would affect each of the others, and thus the total income of older Americans Older persons receive income from a variety of sources, including earnings, pensions, personal savings, and public programs such as Social Security and Supplemental Security Income. Using data from the March 2007 Current Population Survey, this report describes the number of elderly receiving income from each of these sources and the extent to which income from each source is either concentrated at the high end or low end of the income distribution or is evenly distributed. Retirement benefits from Social Security and pensions are the most common sources of income among the aged. In 2006, Social Security paid benefits to 86% of Americans aged 65 and older. Social Security is also the largest single source of income among the aged. Sixty-eight percent of Social Security beneficiaries aged 65 or older receive more than half of their income from Social Security. For 39% of elderly recipients, Social Security contributes more than 90% of their income, and for one-quarter of recipients, it is their only source of income. In 2006, 35% of people aged 65 and older received income from a private or public pension. Among people aged 65 and older who reported income from a government pension, the median annual amount was $14,400. Among recipients of private pensions, the median amount received in 2006 was just $7,200. Many Americans prepare for retirement by saving and investing some of their income while they are working. Of the 36.0 million Americans aged 65 or older who were living in households in 2006, 19.4 million (54%) received income from assets, such as interest, dividends, rent, and royalties. Most received small amounts of income from the assets they owned. Of all individuals aged 65 or older who received income from assets in 2006, half received less than $1,685. Earnings from work continue to be an important source of income for older Americans, especially those under age 70. Although there was a trend toward earlier retirement from about 1960 to 1985, over the past 20 years more Americans have continued to work at older ages. In 2006, median earnings of individuals aged 55-61 who worked were $37,000, while the median earnings of workers aged 62-64 were $30,000. Among workers 65 and older, median earnings were $19,000. Poverty among those aged 65 and older has fallen from one in three older persons in 1960 to less than one in ten today. Although the overall rate of poverty is relatively low, it remains high for women, minorities, the less-educated, and people over age 80. This report will be updated annually. Contents Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 The Data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Total Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Poverty . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 The Near-Poor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Income from Retirement Benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Social Security . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Pensions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Income from Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Work-Related Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 Earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 Unemployment Compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 Workers' Compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Income from Veterans' Compensation and Veterans' Pensions . . . . . . . . . 19 Income from Public Assistance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 Conclusion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 List of Figures Figure 1. Sources of Income, Top Quartile, Aged 65+ . . . . . . . . . . . . . . . . . . . . . 5 Figure 2. Sources of Income, Second Quartile, Aged 65+ . . . . . . . . . . . . . . . . . . 5 Figure 3. Sources of Income, Third Quartile, Aged 65+ . . . . . . . . . . . . . . . . . . . . 6 Figure 4. Sources of Income, Bottom Quartile, Aged 65+ . . . . . . . . . . . . . . . . . . 6 Figure 5. Mean Income by Source and Income Quartile, 2006 . . . . . . . . . . . . . . . 7 Figure 6. Median Income in 2006 by Demographic Group . . . . . . . . . . . . . . . . . 7 Figure 7. Percentage of People Aged 65 and Older in Poverty, 2006 . . . . . . . . . . 8 Figure 8. Amount of Social Security Income in 2006 . . . . . . . . . . . . . . . . . . . . . 11 Figure 9. Income from Public and Private Pensions in 2006 . . . . . . . . . . . . . . . 13 Figure 10. Percentage of People Aged 65 and Older with Income from Assets, by Total Income in 2006 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Figure 11. Employment Rates by Age and Sex, March 2007 . . . . . . . . . . . . . . . 17 Figure 12. Earned Income by Age, 2006 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 List of Tables Table 1. Percentage of Older Americans with Income in 2006, Mean and Median Amounts, by Source . . . . . 4 Table 2. Social Security as a Percentage of Income among Recipients Aged 65 and Older in 2006 . . . . . . 10 Table 3. Income from Assets Among People 65 and Older, 2006 . . . . . . . . . . . 16 **************************************** Stuart Basefsky Director, IWS News Bureau Institute for Workplace Studies Cornell/ILR School 16 E. 34th Street, 4th Floor New York, NY 10016 Telephone: (607) 255-2703 Fax: (607) 255-9641 E-mail: smb6(a)cornell.edu **************************************** -- Eugene McElroy Rutgers University School of Management and Labor Relations Library 50 Labor Center Way New Brunswick, New Jersey 08901 732-932-9513 tel: 732-932-9513 ********

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