The state Senate on Wednesday rejected a bill that sought to tie California’s corporate tax rate to executive compensation in an effort to address the growing wealth gap.
A California effort to lead a national debate over the growing wage gap between CEOs and average workers took its first step in the state Legislature on Thursday with support from Democratic lawmakers, organized labor and former U.S. Labor Secretary Robert Reich.
For those at the top, the economic recovery has been robust with appreciating portfolios and rising home values, but one UC Berkeley professor says it’s a different story for the working poor.
The Bay Area is grappling with an accelerating shift in its socioeconomic structure. The rich are getting richer, the poor are getting poorer and the middle-class is, simply, disappearing. In a five-part Cover Story series, KCBS’ Doug Sovern investigates just how hard it is for working-class people to make a living and how quickly American dream for advancement is slipping away.
Last week marked the first post-election meeting between Pres. Obama and Congressional leaders to discuss the Fiscal Cliff, and its outcome was described by participants as constructive. But, is that indicative of a looming deal – or are we still on the edge of the cliff?
Occupy Cal protesters stayed overnight in tents at Sproul Plaza at the University of California at Berkeley campus again Tuesday night after repeated warnings by police to leave their encampment.
KCBS In Depth Interview with UC Berkeley Professor of Public Policy Robert Reich on the economy.