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Money

Sharing Income Equality

Sharing Income Equality
BY JOE SINAGRA
NEWJERSEYNEWSROOM.COM
COMMENTARY/OPINION

A major cause of “income equality” to the extent it exists today . . . New jobs that were created during the recent recession are paying far less than jobs lost during the recession.

The job market entered a particularly brutal spiral at the beginning of 2008 due to a cycle of unemployment, job losses, the closing of businesses, and cutting back of benefits offered. But many jobs outsourced overseas will never return to the U.S. even if there is a substantial recovery.

Those lucky enough to keep their jobs along with the perks and benefits were fortunate. Those that lost their jobs after spending years in a position were suddenly finding themselves competing for jobs that paid substantially less or jobs that weren't even full time. College graduates were starting out in careers that paid much less than what their predecessors did, and although there is an uptick in the recovery underway, if history is any guide, they may never again take home those pre-recession wages.

 

Extending N.J. Urban Enterprise Zone Perks to Continue City Revitalizations

Extending N.J. Urban Enterprise Zone Perks to Continue City Revitalizations
BY JENNIFER SCIORTINO
SPECIAL TO NEWJERSEYNEWSROOM.COM

TRENTON – Assemblyman Reed Gusciora has introduced legislation to help a number of New Jersey cities, including Trenton, continue to benefit from t...

4 Reasons Kean University Accused of Trying to Steal From Taxpayers

4 Reasons Kean University Accused of Trying to Steal From Taxpayers
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

Kean University is looking to expand, and wants to become one of the finest colleges in the U.S. Union Township Mayor Manuel Figueiredo says the school wants to grow at...

Dead People Win Lottery in New Jersey

Dead People Win Lottery in New Jersey
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

You can’t take it with you, but a percentage of people who win good money in New Jersey lottery games are certainly trying.

An audit of the New Jersey Lottery system has...

How to Prepare for the Next Financial Crisis

How to Prepare for the Next Financial Crisis
SPECIAL TO NEWJERSEYNEWSROOM.COM

Despite the happy talk from President Obama, a surging stock market that has more than tripled since its March 2009 bottom, and skyrocketing real estate prices in many ...

Investment Rip-Off: Charged with Stealing $175,000 from Elderly Widow

Investment Rip-Off: Charged with Stealing $175,000 from Elderly Widow
BY ZACH HOSSEINI
SPECIAL TO NEWJERSEYNEWSROOM.COM

TRENTON – Acting Attorney General John J. Hoffman and the Office of the Insurance Fraud Prosecutor (OIFP) announced yesterday that a Toms River investme...

Taxes in the Cyber Age: How to Protect Your Identity This Tax Season

Taxes in the Cyber Age: How to Protect Your Identity This Tax Season
BY BECKY FROST
SPECIAL TO NEWJERSEYNEWSROOM.COM
The majority of taxpayers will prioritize protecting their personal information this tax season, yet some safeguards go underused, according to a new surv...

Valentine's Day Land Sale: Newark Lots will be Sold to Couples for $1,000

Valentine's Day Land Sale: Newark Lots will be Sold to Couples for $1,000
BY YASMINA DARDARI
SPECIAL TO NEWJERSEYNEWSROOM.COM

NEWARK – Mayor Ras J. Baraka, the Newark Municipal Council, and Deputy Mayor for Economic Development Baye Adofo-Wilson announced today that the City ...

Who Should Advertise on NJ School Buses?

Who Should Advertise on NJ School Buses?
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

A somewhat overlooked law in New Jersey has the potential to provide needed revenue to state schools.

More and more New Jersey school districts are allowing advertising ...

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