wage

Activists demonstrate in support of a $15-per-hour minimum wage and tips for restaurant workers in Washington, D.C. on Feb. 8, 2022.Mandel Ngan | AFP | Getty ImagesVoters in both Nebraska and the District of Columbia on Tuesday approved higher minimum wages, while the results in a similar Nevada ballot measure are still pending.In D.C., voters approved Initiative 82, a ballot measure to increase the minimum wage for tipped workers to $16.10 per hour from the current $5.35 per hour by 2027, matching the floor for…

Women have faced gender-based discrimination in the workforce throughout history, denied employment in all but a handful of subservient roles, regularly ignored for promotions and pay raises — and rarely ever compensated at the same rates as their male peers. This long and storied socioeconomic tradition of financially screwing over half the population continues largely unabated into the 21st century where women still make 84 cents on the dollar that men do. In her new book, The Equality Machine: Harnessing Digital…

You wouldn’t rent an apartment or even buy a pair of jeans online without knowing the price. Soon, many Americans won’t search for a job without knowing what it pays, either. A series of local and state laws, both newly adopted and soon to be in effect, will force companies to divulge what a job pays when posting an open position. Besides being common sense, the intent of these laws is to shrink the persistent wage gap that divides white men from women and people of color. Lowering the pay gap would be an important…

Wage growth cooled in September, offering hints that labor shortages and inflation pressures might be easing as economic growth loses steam.Average hourly earnings rose 5% in September from a year before, still rapid but below August’s 5.2% pace and the slowest annual rate since December 2021, the Labor Department said Friday. They increased 0.3% in September from the month before, the same rate as in August, but half of January’s pace. The Federal Reserve is raising interest rates…

The “Save Local Restaurants” coalition said Friday it has raised around $12.7 million to fight the law, known as the FAST Recovery Act. Corporate brands have contributed $9.9 million and individual franchisees have given $2 million, with trade associations accounting for the rest, the coalition said. The coalition wants to postpone the implementation of the law, set to begin Jan. 1, and let voters decide through the state’s referendum process whether to permanently block the law in 2024. Opponents need to collect hundreds…

Wars begin, continue and end for a whole host of different reasons, but the personalities of the people in charge have a role to play. According to a new study there's an intriguing link between the characters of past US presidents and the length of time they went to war for.Based on an analysis of the 19 presidents who served between 1897 and 2009 (from William McKinley to George W. Bush), the degree to which a commander in chief exhibited grandiose narcissistic personality traits is correlated with the duration of any…

Credit: Pixabay/CC0 Public Domain Research conducted by Matt Gustafson, Penn State Smeal associate professor of finance and Stuart and Michele Rothstein Early Career Professor, reveals that, particularly in industries most exposed to minimum-wage labor, minimum wage increases lead these firms to cut capital expenditures. …

German airline Lufthansa and pilots’ union VC said on Tuesday they had reached a deal in a wage dispute, averting a second strike that had been planned for later this week. The agreement comes after a strike at Lufthansa last week forced the cancellation of hundreds of flights, further plaguing a summer of travel chaos. The Vereinigung Cockpit (VC) pilots’ union said it had agreed on the basis of a comprehensive package of monetary and structural issues which would be fleshed out in the next few days. It gave no further…

Union representing pilots at Lufthansa calls off planned two-day strike after last-minute agreement with Germany’s biggest airline in pay dispute. With inflation soaring, collective salary bargaining is expected to be tense in the coming months across Europe.…

Monthly wage growth for U.S. workers slowed in August to its slowest pace in half a year as more people sought work and hiring lost some steam.Average hourly earnings for private-sector workers rose by 10 cents, or 0.3%, to $32.36 in August from July, the Labor Department reported Friday. The number of people in the labor force—defined as those holding or seeking jobs—reached its highest level since U.S. records began in 1948 at a seasonally adjusted 164.7 million last month, up 0.5% from July. The share of adults working…