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A must read: Low-income workers are more likely to be represented by a Republican in Congress than a Democrat, according to a new study that...

House GOP Represents More Low-Wage Workers Than Democrats


A must read:

Low-income workers are more likely to be represented by a Republican in Congress than a Democrat, according to a new study that shows debates around the minimum wage and income inequality are not localized concerns.

Nearly one in five U.S. workers earns $11.50 an hour or less, according to data released this week by Oxfam America which supports efforts to raise the minimum wage. Of those 24 million people, about 55% live in districts represented by Republicans.

Oxfam, an anti-poverty nonprofit group, said an employee earning less than $11.50 an hour would likely receive a raise if the federal pay floor was lifted to $10.10 an hour from a $7.25 rate. More conservative economists have said minimum-wage increases could limit the ability of those making slightly more than the wage floor to receive raises.

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  A young entrepreneur in NYC has seized an opportunity and in exchange, is making the news and in business - Forget stocks. Sneaker futu...

Sneaker Pawn Shop

 

A young entrepreneur in NYC has seized an opportunity and in exchange, is making the news and in business -


Forget stocks. Sneaker futures are making Wall Street look like a swap meet.

High-end kicks are becoming the currency of choice in New York, and one 16-year-old is taking advantage of the trend — using his own five-figure stock of 45 mint-condition basketball shoes to open the world’s first sneaker pawn shop.


“Young kids don’t have jewelry. They don’t have cars,” said Troy Reed, dad of young entrepreneur Chase “Sneakers” Reed. “But what they do have is the thousands of dollars worth of sneakers in their house.”


Chase, a 10th-grader at Frederick Douglass Academy in Harlem, still marvels over pictures of the freshest sneaker designs online and waits in line for hours to add to his collection. Only now he and his father are also getting them from fellow “investors” who want quick cash.

Full article here - http://nyp.st/1lA5Dk6