Big box retailers — and big-time employers — in the U.S. recently announced plans to increase their minimum wage. In Home Depot’s (HD) Q4 earnings results this week, the company announced an additiona...
Tag: Wages
Here Are The Major Companies Raising Employee Wages In 2023
Topline Home Depot announced on Tuesday it will spend $1 billion to raise hourly employee wages, making it the latest major company raising worker pay to compete in one of the tightest job markets in ...
Serie A Side Sampdoria Facing Points Deduction Over Unpaid Wages
Players from Sampdoria have not been paid for over Getty Images The 2022/23 campaign has been one filled with difficulties for fans of Sampdoria, who currently find themselves just one place off the b...
Crypto Market Turns Bearish After SEC Wages War on Digital Asset Staking
The cryptocurrency market has turned bearish in the past 24 hours with Bitcoin and Ethereum prices down approximately 4 and 5.6 percent respectively. According to the latest crypto price oracles, the ...
The economist who predicted that A.I. would replace half of all U.S. jobs now says ChatGPT is the equivalent of Uber disrupting the taxi industry—and it could lead to lower wages
ChatGPT has been the talk of the town since it was launched in November. While the underlying technology isn’t new, artificial intelligence like this has never been so accessible to the public, and th...
Opposite What Economists Believe, Rising Wages Signal Easing Inflation
In the closing months of 2020 as the horrid lockdowns related to the coronavirus began to ease, the American people started to live again. With restaurants in some cities re-opened for – gasp – actual...
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 Announces Raise To Average Hourly Pay To Over $17.50, Improvements To Working Conditions
NORTH BERGEN, NJ – AUGUST 23: Exterior view of a Walmart store on August 23, 2020 in North Bergen, … [+] New Jersey. Walmart saw its profits jump in latest quarter as e-commerce sales surg...
Why a stock market obsessed with the Fed’s inflation fight should focus on Main Street jobs in 2023
Fortunes on Wall Street this year could hinge less on what’s happening to high-paid workers in San Francisco’s reeling technology sector and more on a familiar part of American life: the working class...
These states will raise their minimum wages in 2023
Labor activists hold a rally in support of a national $15 minimum wage on May 19, 2021, in Washington, D.C. Kevin Dietsch | Getty Images News | Getty Images As the calendar turns to 2023, workers in m...
Crypto and high wages need to crash for Fed to beat inflation
CNBC’s Jim Cramer on Tuesday outlined what needs to happen for the Federal Reserve to finally beat inflation after the monthly consumer price index report showed that prices rose less than expec...
Fed Could Be Pushed by Overheated Wages to Higher Peak Rates
(Bloomberg) — Federal Reserve officials have enough worrisome inflation data to consider raising interest rates to a higher peak than investors expect and potentially follow the half-point hike ...
US nonfarm payrolls surpass expectations to rise by 263,000; Wages up by the sharpest in 13 months
In a highly unexpected development, U.S. nonfarm payrolls outperformed market expectations and rose by 263,000 in the month of November. This was against market estimates of a slowdown to 200,000. Are...
Jobs Report — Modest Gains And Climbing Wages In Spite Of An Oncoming Recession
| Getty Images Key Takeaways The October jobs report showed an increase of 261,000 non-farm jobs. Most major industries showed an increase in employment. Wage growth continues to move higher with a 3....
Fed’s Waller says market has overreacted to consumer inflation data: ‘We’ve got a long, long way to go’
Federal Reserve Gov. Christopher Waller said Sunday that financial markets seem to have overreacted to the softer-than-expected October consumer price inflation data last week. “It was just one data p...
Fed approves another jumbo interest-rate hike but also signals go-slower strategy
The Federal Reserve on Wednesday approved the fourth straight jumbo increase in a key U.S. interest rate and signaled rates are likely to go higher than previously forecast. Yet the central bank also ...
NFTs are not Dead – Artists Shouldn’t Give Up as Real Wages Decline
NFTs are not dead. Innovations in how NFTs are used are giving artists new opportunities to thrive. Now is the time for artists to embrace NFTs, says Living Opera founders, Soula Parassidis and Christ...
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...
Amazon Raises Hourly Wages at Cost of Almost $1 Billion a Year
(Bloomberg) — Amazon.com Inc. announced a pay increase for hourly workers in the US that it says will take average starting wage for most front-line employees in warehousing and transportation t...
Tax Collections Are Up 23% As Inflation, Wages And Profits Rise
Internal Revenue Service federal building Washington DC USA getty Tax collections this year in the U.S. are up 23% compared to last year, according to a new study by the Tax Foundation citing Congress...
Hard Rock to spend $100 million to raise employees’ wages
Cheers and tears – that’s how thousands of Hard Rock workers reacted when they learned their paychecks are about to get a lot bigger. As inflation surges and recession fears linger, Hard Rock In...
Chaos in corporate Britain as wages crash despite record job vacancies
Commuters walk along the Thames Path beside the River Thames in London – Jason Alden/Bloomberg It is meant to be a fundamental economic rule that when unemployment falls, wages rise. Companies h...
Costco May Have a Huge Workers Problem
Costco (COST) – Get Costco Wholesale Corporation Report has famously been a good place to work. It even paid its employees $15 an hour way before most places. Glassdoor is a website where empl...
Real wages down 3.5%, highlighting economy’s problems
Inflation is roaring, as everybody knows. Real wages falling But wages aren’t keeping track. Wages rose 1.4% in the second quarter, and 5.3% over the year ending in June, according to the Bureau of La...
UK faces a summer of strikes as historic inflation and falling real wages bite
LONDON, ENGLAND – JUNE 25: A view of the crowd at the RMT strike rally at Kings cross station on June 25, 2022 in London, United Kingdom. The biggest rail strikes in 30 years started on Monday n...
CEOs Made 324 Times More Than Their Median Workers In 2021, Union Report Finds
Topline Chief executives at S&P 500 companies made 324 times more than the median workers at their companies in 2021 on average, according to an annual report from the U.S.’ largest labor union fe...
Governor Bowman says wages ‘have not kept pace with inflation’ despite fastest rise in decades
The economy seems to be on a tough path; however, the top brass on Wall Street is divided on how serious it can get. Namely, CEO of JPMorgan (NYSE: JPM) Jamie Dimon referred to a tight rope the Federa...
Powell says U.S. economy can handle the additional rate hikes that are coming
Federal Reserve Chairman Jerome Powell on Wednesday pushed back against economists who argue that aggressive Fed interest-rate hikes have increased the odds of a recession or hard landing for the U.S....
American Airlines CEO vows to improve pilot pay as wages at other carriers rise
FILE – American Airlines President Robert Isom speaks at a news conference about the company’s new partnership with Alaska Airlines, Thursday, Feb. 13, 2020, in Seattle. American Airlines ...
CEOs Like the Late Jack Welch Embody the Endless Possibilities of Capitalism
When he was CEO of Coca-Cola, the late Roberto Goizueta was obsessively focused on making his shareholders rich. There was no talk of “stakeholder capitalism,” about Coke’s community endeavors, or job...
Opinion: Inflation is making everything we buy more expensive, and once stagflation hits things could get even worse
Last month I examined the culprits that are causing global inflation, including rising interest rates, persistent supply chain issues (China locking down cities), and climbing energy and fertilizer pr...