Most Illinois House members recently backed a measure to limit the salary on which public employees’ retirement benefits could be based. One of a few proposals to address the state’s $96 billion pension shortfall, it was seen as a test vote as lawmakers grapple with some way to make good on years of the legislature failing to make its payments.
Labor income “has been declining as a share of total income earned in the United States for the past three decades,” according to a new analysis on income inequality from an unlikely supporter of economic justice: the Federal Reserve, which adds, “The capital share, by stark contrast, has been increasing.
Even if lawmakers may not always realize the consequences for rural areas if Emergency Medical Services troubles aren’t addressed, operations fold, and rural residents have to rely on help from bigger cities, State Rep. Don Moffitt appreciates how everyday people get it.