Boeing makes ‘final’ offer of 30% wage increase to striking workers
Third Bridge's head of global analyst Peter McNally talks to The Big Money Show about how the Boeing factory worker strike is affecting business. Aerospace giant Boeing has raised its offer to tens of thousands of striking union employees to what the company calls its “best and final contract offer.” Boeing's latest proposal to members […]
Grocery Store Chain Aldi Raising Minimum Wage to $18 and $23 an Hour
Popular grocery store chain Aldi announced on September 4 that it will raise its minimum wage to $18 and $23 an hour as the company grows. Aldi's press release further stated that the company plans to hire more than 13,000 store and warehouse employees across the country as the holiday season approaches. open Additional stores. […]
Bank of America raising its minimum wage to $24 per hour
Bank of America has raised its minimum wage to $24 an hour, bringing it one step closer to its goal of raising it to $25 an hour by 2025. Announced on tuesday. The bank said the minimum annual salary for full-time workers will rise to nearly $50,000 in the United States for both part-time and […]
Shake Shack to shut 6 California locations after state’s $20 minimum wage hike
Shake Shack is closing six underperforming locations in California, becoming the latest fast-food chain to shutter restaurants after the state enacted a controversial $20 minimum wage. The burger chain, which is closing nine Shake Shack locations, said in a filing with the Securities and Exchange Commission on Tuesday that the move comes as a result […]
Harris plan to nix taxes on tips, raise minimum wage could cost up to $200 billion: analysis
Vice President Kamala Harris’ proposal to eliminate the tip tax and raise the federal minimum wage could cost up to $200 billion over 10 years, according to a new analysis from a budget watchdog group. The Committee for a Responsible Federal Budget (CRFB) said on Monday Estimation Exempting tip income from federal income taxes and […]
MI Servers Worry over Tip Cut amid Minimum Wage Increase
Waiters and waitresses at Michigan restaurants are reportedly worried that a recent state Supreme Court decision could result in cuts to tips. Tami Jo Schultz has worked various jobs as a waitress for many years and currently works at Hoff Bar & Grill in Free Soil. MLive.com report Thursday. But she told the outlet she […]
98% of California fast food restaurants hiked prices in response to minimum wage
A staggering 98% of California fast-food restaurants have raised menu prices in response to the state’s new $20-an-hour minimum wage law, and nearly 90% have cut employee hours, according to a new study. The study, by the Employment Policy Institute, a fiscally conservative nonprofit think tank, surveyed 182 fast-food restaurant owners across California about the […]
California fast food workers demand another minimum wage increase — four months after $4 raise
Wage war! Fast food workers in California are calling for another minimum wage increase, just months after the state raised its minimum wage from $16 to $20 an hour. of California Fast Food Workers Union The union, an affiliate of the State Service Employees International Union (SEIU), announced the new list of demands at the […]
California Fast Food Restaurants Struggling to Survive Due to $20 Minimum Wage
A new California law, pushed by Governor Gavin Newsom (D), raised hourly wages for fast-food workers from $16 to $20. The law goes into effect on April 1, 2024. It didn’t take long for fast-food restaurants in the state to feel the impact on their bottom lines, with many forced to lay off staff, cut […]
California’s $20 fast food minimum wage could be hiked again
California officials plan to seek a further increase to the state’s controversial $20 minimum wage for fast-food workers, even as they blame a new law that has led to higher menu prices and restaurant closures since it went into effect in April. Members of the California Food Council, who successfully lobbied for the pay increase, […]