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Business, Economy

“Fast food workers are losing their jobs in California as new minimum wage law takes effect”

“Fast food workers are losing their jobs in California as more restaurant chains prepare to meet a new $20 minimum wage set to go into effect next week. Restaurants making cuts are mostly pizzerias, according to a report published by The Wall… Continue Reading…

Business

“Ford Agrees to 25% Wage Hike in Tentative Deal to End UAW Strike”

“…Ford agreed to a record 25% hourly wage hike over the life of the contract, which exceeds four years. With cost-of-living allowances, the top wage rate is expected to increase by 33%. The top pay will be over $40 an… Continue Reading…

Business

“GM offers 10% wage hike in contract talks that UAW calls ‘insulting'”

“General Motors on Thursday made a counterproposal to the union representing its U.S. hourly workers in a bid to avoid a costly strike, but United Auto Workers President Shawn Fain called the offer “insulting.” The largest U.S. automaker said it… Continue Reading…

Economy

“Rising Prices and Wage Increases Will Normalize The US Economy”

“EDITOR’S NOTE: Market Watch explains why inflation is happening and how it will push the economy back closer to its pre-pandemic “normal” state. “Inflation is always caused by too much money chasing too few goods,” and the abundance of money… Continue Reading…

Economy

“28 percent of Americans say they’ve already lost wages due to coronavirus: poll”

“Twenty-eight percent of those surveyed said they’d already “lost wages or other personal income.” Another 16 percent said they were laid off or furloughed from work, and an additional 28 percent said they lost what they considered a “substantial amount” from… Continue Reading…

Economy

“Wives now out-earn their husbands nearly a third of the time”

“…Among married couples, wives now out-earn their husbands nearly 30% of the time, up from 15.9% in 1981, according to recently released data from the Census Bureau. “Men’s wages have stagnated in the past decade or so, in part because the economy… Continue Reading…