Wages Are Going Up — And So Is Inflation. Consumer Prices Have Hit A 13-Year High
Consumer prices rose 5.4% in July, compared to a year ago. Here's one thing to watch going forward: How rising wages impacts inflation.
Wages
Restaurants Are Dangling Vacation And Matching 401(k), But Many Workers Aren't Biting
As the U.S. economy continues to rebound from the pandemic recession, lots of people are going back to work — but not as quickly as many employers would like. Employers added 943,00 jobs in June.
$15 Minimum Wage Would Reduce Poverty But Cost Jobs, CBO Says
Raising the federal minimum to $15 an hour by 2025 would boost pay for at least 17 million people and cut 1.4 million jobs, according to the non-partisan Congressional Budget Office.
Workers With Disabilities Can Earn Just $3.34 An Hour. Agency Says Law Needs Change
A 1938 law created "exploitative and discriminatory" job programs and should be phased out, marking a new milestone in the debate over "sheltered workshops," the U.S. Commission on Civil Rights says.
Hiring Picks Up As Employers Add 225,000 Jobs In January
U.S. employers added more jobs than expected last month, while the unemployment rate inched up to 3.6%. Unusually warm weather contributed to job gains for construction workers.
McDonald's Agrees To Pay $26 Million To Settle Accusations Of Wage Theft
In a class-action lawsuit, workers in California accused the fast-food chain of failing to pay them overtime and other wages.
$15 Minimum Wage Would Boost 17 Million Workers, Cut 1.3 Million Jobs, CBO Says
The Congressional Budget Office analyzed the impact of lifting the $7.25 federal minimum wage to $15 by 2025. The House is expected to vote next week on a bill to lift the federal minimum.
Hiring Rebounds In June As Employers Add 224,000 Jobs
Job growth rebounded strongly last month as employers added 224,000 jobs. That followed a disappointing May when employers added just 72,000 jobs.
2-Tiered Wages Under Fire: Workers Challenge Unequal Pay For Equal Work
For years after the Great Recession, employers were reluctant to boost wages. Now a tight labor market is giving workers the leverage they need to demand a larger slice of the nation's economic pie.
Unemployment Drops To 3.6%, 263,000 Jobs Added, Showing Economy Remains Strong
Employers added far more jobs than expected in April — another sign the U.S. economy is chugging along as the expansion nears the 10-year mark. The unemployment rate was the lowest since 1969.