Investor who pushed California minimum wage measure ‘disappointed’ by defeat
Entrepreneur and anti-poverty activist Joe Samberg, who spearheaded the recently defeated state ballot measure to raise California's minimum wage, said he was “frustrated and disappointed” by the loss but expressed concern for struggling Californians. He vowed to continue working for the cause. Proposition 32, which would have raised the state's minimum wage from $16 to […]
California voters narrowly reject $18 minimum wage; first such no-vote nationwide since 1996
California voters rejected a measure to raise the state's minimum wage to $18 an hour. This is the first time in nearly 30 years that such an effort has failed nationwide. In the end, 49.2% of Californians supported the wage increase, which fell just short, so the tally was taken two weeks after Election Day. […]
FBI foils New York man’s ‘evil plan’ to wage jihad
According to the Department of Justice, FBI agents attempted to board a flight from New York to the Middle East where they were allegedly attempting to join the Islamic State of Iraq al-Sham (ISIS) to wage jihad. Stopped a New York man. ). Saeed Aman, a U.S. citizen and resident of Nassau County, New York, […]
Chipotle exec blames sales slump in California on inflation — not state’s $20 minimum wage
Chipotle President Jack Hartung said California consumers are spending less because of inflation and insisted that price hikes following the state's new $20 minimum wage were not a factor in the decline in sales. “I think it's a macro resistance to inflation in general and in California.” Hartung said in an interview with CNBC's Jim […]
Dockworkers support historic strike as union apparently rejects nearly 50% wage increases over 7 years
Unionized longshoremen shut down operations at 36 ports on the East Coast and Gulf Coast and cut picket lines early Tuesday after negotiations between the International Longshoremen's Association and the United Maritime Alliance failed. I put it on. A dockworker spoke fox business They are prepared to continue the work stoppage until the union is […]
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 […]