Poor pay higher tax rate than rich in B.C.: study. Rising food prices: It’s no small potatoes. Food prices fastest rise in 5 years is another blow for families. By Sean Poulter Updated: 10:24 GMT, 11 February 2011 The prices of a range of basic foods surged at the start of the year, showing the biggest monthly rise in more than five years. Bread, pasta, and packets and tins of food increased in cost by 2.7 per cent between December and January to reach an annual rate of 6.3 per cent, according to the British Retail Consortium.
Overall, the annual rate of food inflation jumped from 4 per cent to 4.6 per cent, despite claims of supermarkets to be waging a new year price war. This was the largest monthly increase in two years. The BRC claims its supermarket members are protecting shoppers against the worst effects of global commodity price rises. However, the trade body warned of ‘severe pressure’ that is likely to bring even bigger increases in the months ahead. Just last week, the UN Food & Agriculture Organisation said global food price rises were running at a record high.
Most Minimum Wage Earners Can't Afford Necessities of Life. TRNN Replay: Jeannette Wicks-Lim: A proposal to combine minimum wage and earned income tax credit policies to guarantee a decent living wage - Bio Jeannette Wicks-Lim completed her Ph.D. in economics at the University of Massachusetts Amherst in 2005. Wicks-Lim specializes in labor economics with an emphasis on the low-wage labor market and has an overlapping interest in the political economy of race. Her dissertation, Mandated wage floors and the wage structure: Analyzing the ripple effects of minimum and prevailing wage laws, is a study of the overall impact of mandated wage floors on wages. Precis COMBINING MINIMUM WAGE AND EARNED INCOME TAX CREDIT POLICIES TO GUARANTEE A DECENT LIVING STANDARD TO ALL U.S. Transcript PAUL JAY, SENIOR EDITOR, TRNN: Welcome to The Real News Network. End of Transcript DISCLAIMER: Please note that transcripts for The Real News Network are typed from a recording of the program.
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