minimum wage

Former DoorDash Inc (NASDAQ:DASH) delivery workers are claiming they haven't been paid thousands of dollars in wages from past years and are seeking protection from deportation after Donald Trump's recent win in the 2024 election. What Happened: A group of 95 delivery workers claim they were not...

Sen. Bernie Sanders (I-Vt.) lauded the French Left for their victory over right-wing extremism. He emphasized the popularity of policies such as lowering the retirement age and increasing the minimum wage. What Happened: In a series of tweets on Sunday, Sanders praised the French Left for their...

Following Rubio’s Coastal Grill announcing the abrupt closure of 48 restaurants in California citing rising business costs, billionaire entrepreneur Mark Cuban has come forward to defend the recent increase in minimum wage. What Happened: Collin Rugg, owner of Trending Politics,...

California fast-food employees started earning a minimum of $20 an hour in April. Thanks to a new law, which went into effect earlier this month, California chain restaurants with at least 60 locations nationwide have to pay their employees more. For smaller restaurants, the minimum wage continues...

Food delivery giants in New York must now pay their workers a minimum hourly wage of $17.96, as per a recent court decision. As reported by Bloomberg on Thursday, a state appeals court rejected attempts by Uber Technologies Inc. (NYSE: UBER), DoorDash Inc. (NYSE: DASH) and Grubhub Inc. (NYSE: GRUB...

On Sunday, Sen. Elizabeth Warren (D-Mass.) emphasized the importance of workers in corporate profitability and advocated for raising the minimum wage to $17 an hour. This call to action was earlier echoed by Sen. Bernie Sanders (I-Vt.) who also expressed the urgency for Congress to act on this...

In today’s economy, with rising prices and the increasing cost of living, the current federal minimum wage of $7.25 per hour falls far short. Since 2009, this rate has remained stagnant, leaving workers grappling to meet their basic needs. However, recent survey results highlight a growing...

Retail behemoth Walmart Inc (NYSE: WMT) reported fourth-quarter results Thursday morning, highlighted by a "very strong" comp performance and a commitment to raise the associate average pay to above $15 per hour, Jefferies analyst Steph Wissink said on CNBC. Walmart reported...

Starbucks Corporation (NASDAQ: SBUX) is revising the pay scale for all employees in the United States hired before Sept. 24, according to an internal memo reviewed by Business Insider. The decision is being seen as an attempt by the coffeehouse company to keep up with President-elect Joe...

Former U.S. Vice President and 2020 Democratic presidential front-runner Joe Biden told McDonald's Corp (NYSE: MCD) workers and other hourly wage earners they are "victims of power." What Happened Biden spoke last week at a pro-union rally organized by the organization "Fight for...

One of the biggest ongoing political debates in the U.S. today is the idea of minimum wage and living wage. The federal U.S. minimum wage is $7.25 per hour, but states like California and Massachusetts have taken initiative to raise statewide minimum wage to $12 per hour this year. The Fight For $...

Investors looking to take a more "constructive tactical stance" on the restaurant sector may want to consider Cheesecake Factory Inc (NASDAQ: CAKE) or Brinker International, Inc. (NYSE: EAT), according to Raymond James. The Analyst Raymond James' Brian Vaccaro upgraded Cheesecake...

Amazon.com, Inc. (NASDAQ: AMZN) is mostly responsible for setting an unofficial $15 per hour minimum wage, and this could be a bigger problem for retail companies than tariffs, according to sector expert Jan Kniffen. What Happened Retailers who pay their employees close to $15 per hour will find it...

Amazon.com, Inc. (NASDAQ: AMZN) received praise for its decision this week to raise its minimum wage for all employees to $15 per hour. While the decision generated a ton of positive press for Amazon, D.A. Davidson analyst Tom Forte said Thursday there are at least three reasons why raising the...

E-commerce giant Amazon.com, Inc. (NASDAQ: AMZN)'s announcement that it will pay each worker at least $15 per hour could impact the restaurant sector, which is seeing 4-5-percent wage inflation, increased levels of turnovers and a tight labor market, according to Bank of America Merrill Lynch....