minimum wage

Hundreds of thousands of Amazon.com, Inc. (NASDAQ: AMZN) employees will see have bigger paychecks next month. What Happened Amazon said Tuesday it will pay every employee at least $15 per hour as of Nov. 1. The pay increase will directly benefit more than 250,000 current employees along with...

Each and every employee at Walt Disney World will see an increase in their pay as a nearly year-long battle between the union and management has come to an end. What Happened The union that represents Disney's (NYSE: DIS) park and resorts workers struck a deal with management late Friday night...

Wal-Mart Stores Inc (NYSE: WMT) announced a pay increase for more than 34,000 of its workers in April 2015. Not even three years later, the retail giant announced another bump and additional benefits for its employees. What You Need To Know In 2015, Walmart promised to pay all of its employees at...

The federal minimum wage has remained unchanged at $7.25 per hour since July 2009. However, this minimum may not apply to all 50 states, as states have the leeway to set their own minimum and an employee is entitled to the higher of the two minimum wages. The minimum wage, the lowest hourly pay...

GOP lawmakers and a network of secretive lobby groups are quietly campaigning to kill efforts to hike the minimum wage, an issue so popular during last year’s campaign that even President Donald Trump seemed at various times to favor it. Now, however, Trump and Vice President Mike Pence are...

Many futurists believe robots and machines will eliminate many minimum wage jobs, but reports now suggest robots could take over high paying jobs as well. According to CNBC's Leslie Picker, BlackRock, Inc. (NYSE: BLK) is looking to overhaul a big part of its active management strategy. The...

It may seem hard to believe at first, but fast-food workers with years of experience are in high demand. According to a Bloomberg report, the restaurant sector is engaged in a "full-on food fight" over workers. In fact, the scarcity of qualified workers is resulting in candidates being paid above...

One hundred and two (102) years ago, Ford Motor Company (NYSE: F) announced a minimum wage boost to $5 per eight-hour day — a move that more than doubled the earnings of employees. The increase turned out to be economically instrumental, as it fostered greater productivity and improved...

The push for a mandated $15 an hour national wage may have gathered momentum this year as 20 states introduced a hike in their respective minimum wages. While a $15 an hour

The Service Employees International Union isn't looking forward to a bright 2017 and beyond. The massive union represents around two million government, health care and building-services workers. It is behind a push for a $15 an hour minimum wage. In an internal memo obtained by Bloomberg...

Analysts at Stifel published on Tuesday a deep dive in the restaurant sector and turned bearish for several reasons, one of which includes an anticipated hike in minimum wage across many states, which would pose a risk to corporate earnings. Related Link: Stifel Expects A Recession Within 3 To 9...

Americans earn on average $828 a week, according to CNN Money, which cited data from the U.S. Department of Labor. The rise in average salaries marks a significant improvement from $730 per week during the peak of the Great Recession, and businesses are now feeling the pressure to pay...

Opponents to a national minimum wage hike are quick to point out that businesses' bottom lines will suffer, and company owners will be forced to eliminate jobs to make up the difference in profit. A new survey by SurePayroll could serve as a valid argument in debunking the theory. According to the...

A number of states and cities have issued minimum wage hikes in the past couple of years. With minimum wage hikes starting to gain momentum, Goldman Sachs analyst Matthew Fassler addressed the issue every investor has on his or her mind: Which companies could be hit hardest by a potential federal...

Ed Rensi is a former McDonald's Corporation (NYSE: MCD) executive who made headlines Tuesday when he suggested that it would be cheaper for McDonald's to buy a $35,000 robotic machine to handle customer orders rather than paying employees a proposed $15 minimum wage. However, R.J. Hottovy of...