Luis Alvarez | Digitalvision | Getty Images The pace of wage growth seems to be decelerating, according to the February jobs report issued Friday — but workers still have bargaining power in a cooling...
Tag: Wage
Powell Won’t Break S&P 500 Rally; Wage Growth Eases
If markets are right, tomorrow’s Fed meeting policy statement will announce the next-to-last rate hike of the cycle, with a quarter-point move that’s expected to be matched on March 22. Ho...
Where Real Wages Rose & Where They Stagnated [Infographic]
2022 has been a year where inflation has seriously eaten into or even totally diminished any salary increases workers might have received. For people in some countries, this scenario has actually been...
Walmart raises minimum wage as retail labor market remains tight
An employee arranges beauty product gift boxes displayed for sale at a Wal-Mart Stores Inc. location in Los Angeles, California. Patrick T. Fallon | Bloomberg | Getty Images Walmart said Tuesday it is...
Some restaurant workers could see big wage growth in 2023
Employees prepare food orders at a Portillo’s restaurant in Chicago, Illinois, on Tuesday, Sept. 27, 2022. Christopher Dilts | Bloomberg | Getty Images More than half of U.S. states will hike th...
Dow surges 700 points Friday, S&P 500 snaps four-week losing streak after employment report shows wage gains cooled in December
U.S. stocks ended sharply higher Friday, with the Dow jumping 700 points, after an employment report showed wage gains slowed in December. The report fueled hopes that the Federal Reserve’s interest r...
Tech stocks soar as investor weigh signs of wage growth easing
Technology stocks were soaring Friday amid a drop in Treasury yields after the latest employment report gave bullish investors hope that inflation is easing. Tech stocks were up 3% in late afternoon t...
Raphael Bostic says Fed needs to ‘stay the course’ despite lower wage gains
Atlanta Federal Reserve President Raphael Bostic said Friday that December’s jobs report, with its slowdown in wage increases and better than expected employment growth, doesn’t change his...
Restaurant Group Files To Stop Implementation Minimum Fast-Food Wage Law In California
A restaurant-industry group reportedly sued some California state officials, alleging they plan to illegally implement a new law that would set minimum hourly wages for fast-food workers. The Californ...
Global wage fall coincided with crypto market crash in 2022
Recent reports indicate that global real monthly wages declined in 2022 for the first time in the 21st century. These wage plunges correlate slightly with crypto price declines and layoffs in 2022. R...
Why wage transparency laws create ‘the right environment’ for job candidates: Expert
Wage transparency laws have become increasingly popular in the U.S. as supporters argue that they help achieve gender and racial pay parity. According to Dave Turetsky, vice president of consulting at...
Tesla Texas gigafactory construction workers are suing over wage theft and dangerous conditions
The opening of Tesla’s Texas gigafactory was celebrated with a huge party led by Elon Musk in a cowboy hat and sunglasses—but those who built it have reported dangerous and exploitative working condit...
$80 Billion Wiped Off Crypto Market As Binance And FTX Wage War
The crypto market has seen more than $50 billion wiped off its total market cap in the space of 24 hours. It comes hot on the heels of the market decline triggered by Binance’s massive planned FTT dum...
Fast food giants pump millions into ‘Save Local Restaurants’ coalition fighting California wage law
Big restaurant chains have seen California’s new fast food wage law and they want that order canceled. The “Save Local Restaurants” coalition, which opposes the state’s FAST Recovery Act, said Friday ...
U.S. Wage Growth Fails To Keep Up With Rising Prices For 17 Consecutive Months
| Getty Images Key Takeaways While American workers are making more dollars per hour than they were prior to the pandemic, those dollars aren’t stretching as far thanks to inflation. Accounting for in...
How President Biden linked a $15 minimum wage to student loan reform
Fast-food workers and supporters fight to raise the minimum wage to $15 an hour. James Leynse | Corbis Historical | Getty Images The Biden administration seems to have pegged a student loan policy ann...
Wage inflation, used car prices could jump higher: Jim Bianco
Washington’s efforts to curb inflation will fall short particularly this year, according to market forecaster Jim Bianco. And, he believes this week’s key inflation data will help prove it...
First Starbucks, then Amazon, now a Korean BBQ restaurant union. Wage workers know they deserve more
Steven Chung, a former head waiter at Genwa Korean BBQ, poses for a portrait on the same street as the restaurant in Los Angeles in July 2019. (Marcus Yam / Los Angeles Times) Three years ago I wrote ...
Inflation Pushes Federal Minimum Wage To Lowest Value Since 1956, Report Finds
Topline As inflation skyrockets, the federal minimum wage – which has remained at $7.25 per hour since 2009 – has reached its lowest value in 66 years, according to a report from the Economic Policy I...
Chinese Court Says That Wage Payment in USDT Is Against the Law
Last year wasn’t a smooth ride for crypto in China, if anything, it was the opposite. Starting with prohibiting financial institutions from making any transactions in crypto to stopping domestic minin...
Wage Compression In Government Contractors Needs To Be Addressed
Wage Compression in Government Contractors Needs to be Addressed Increasing the minimum wages paid by government contractors is complicated, as the government is beginning to learn. Shortly after taki...
Bank of America is raising its hourly minimum wage to $22 — here’s how many people don’t even come close to pay like that
Bank of America workers are getting a pay bump at the end June when minimum wages climb to $22 as a part of the major bank’s longstanding plan to get its starting rate to $25 by 2025. It’s good news f...
Whatever Happened To The $15 Minimum Wage?
Workers demonstrate for the $15 minimum wage in New York City in 2017. LightRocket via Getty Images It seems like only yesterday that the $15 minimum wage was high on the agenda of every self-respecti...
Is $18 an hour the new minimum wage?
With the labor market continuing to be super competitive, the baseline for hourly wages may be approaching $20 if companies want to attract badly needed talent, said one economist. “I am startin...
When A Wage Gap Is Not A Skills Gap
The sign, at this worker demonstration line in Sacramento in the 1960s, reads “No Labor Shortage, A … [+] Wage Shortage”. For many low wage jobs, such as nurse assistants, this remai...
Venezuelan Minimum Monthly Wage Not Pegged to the Petro, According to Official Gazette Decree – Emerging Markets Bitcoin News
The new decree that makes official the recently announced Venezuelan minimum monthly wage rise has been revealed in the Official Gazette, with no mention of its supposed peg to the petro, the national...
Governments are likely to wage war on you owning your own money – buy your bitcoin now
Billionaire economist, and Bitcoin exponent Simon Dixon is continuing to warn people about the evils of the debt-based ponzi scheme that is our fiat monetary system, and is attempting to educate peopl...
Venezuela Increases Minimum Monthly Wage to Half a Petro – Emerging Markets Bitcoin News
Nicolas Maduro, president of Venezuela, announced an increase in the minimum wage of workers in the country linked to the petro. In the II Workers’ Congress, Maduro revealed that the new value of the ...
Venezuela Will Peg Minimum Wage to Nation’s Cryptocurrency
Key Takeaways Venezuela’s president announced a major minimum wage increase yesterday to a crowd of 10,000. The wages would be pegged to a half of a Petro, a cryptocurrency that launched in 2018...