Massachusetts Workers Owed MONEY In Unpaid Wages
When you see a headline like Massachusetts Workers Owed MONEY, you wonder if it’s another Find Mass Money ad (which works great by the way. In full disclosure, I have used it and money came back.)
But this is no ad.
Are YOU owed money?
In a new Department of Labor report, almost 9000 Massachusetts workers are owed in total $10.4 MILLION dollars in unpaid wages. This comes at an interesting time as the governor just announced a series of severe budget cuts, due to short falls in the Massachusetts budget.
Dollars Are Stretched Thin
Now more than ever, our dollars are being stretched thin. Credit card use is through the roof. But there maybe some good news as the Fed is signaling that lower interest rates could be ahead:
NBC Report
The forecast among many economists for a recession in 2023 did not come to pass. Indeed, from a purely data-driven perspective, history may consider this year to be a good one, as low unemployment and rapidly declining inflation prevailed.
The message I am seeing for 2024, is proceed with caution. Inflation, while halted a bit, has not gone away. Rates are still at record highs. Consumer confidence, it is still well below the post-pandemic high recorded in the spring of 2021 says NBC. My brother runs a trucking business. He told me that this year was a very slow year. Add to that, no snow meant no ice melt to deliver. What about car sales? A friend that is a very successful and seasoned car salesman had to take a second job, because car sales are slow, thanks to high interest rates. Renting money is not affordable.
So it will be welcome news if the Fed lowers rates. If you DO need to consolidate your bills, there are some ZERO percent cards available. Fidelity has a card ZERO percent interest rate card, for 12 months, to transfer your balance.
Massachusetts Workers Owed MONEY In Unpaid Wages
According to Boston 25:
“We want the workers to get these wages. They have worked for it and they’ve earned it,” DOL spokesperson Karla Falcon said.
The DOL created a searchable database so Mass. workers can look to see if they have unpaid wages to claim.
Good luck!
Take a look at the BEST States For Jobs, thanks to Wallethub.
BEST State For Jobs? Does Massachusetts Make The List?
1-Washington State
Image By Getty Images
According to Wallethub: “Washington is the best state for jobs in 2023, in large part due to the fact that it’s one of the few states that doesn’t charge its workers income tax, on top of offering high wages and good employment protections,”
3-Utah
Image By Getty Images
This state wins at everything. Maybe because it brags the shortest work week?
“Utah, the third-best state for jobs, may appeal to people tired of the 40-hour work week, as Utahans only work an average of 37.1 hours, the shortest work week in the nation. Plus, Utah has a lower unemployment rate than either of the top two states, at 2.7%, and it boasts a competitive median household income, at $76,685″
4-Vermont
Image by Getty Images
Vermont wins for more than it’s green mountains. Overall Vermont comes in at #3 for job market.
9-Massachusetts
Image by Getty Images
Our state is NUMBER ONE for THE LOWEST unemployment rate. Here are some other stats:
Finding a Job in Massachusetts (1=Best; 25=Avg.):
- Overall rank for Massachusetts: 9th
- 8th – Job Opportunities
- 16th – Monthly Average Starting Salary
- 1st – Unemployment Rate
- 14th – Median Annual Income (Adjusted for Cost of Living)
- 5th – Avg. Length of Work Week (in Hours)
