minimum wages

Sen. Josh Hawley (R-Mo.) and Peter Welch (D-Vt.) have proposed legislation to raise the federal minimum wage from its current rate of $7.25 to $15 per hour. What Happened: The Higher Wages for American Workers Act, introduced by Senators Hawley and Welch on Tuesday, aims to increase the federal...

Bernstein said in a note that it sees no relief for U.S. restaurants as higher minimum wages and tighter labor markets loom for 2017. The firm believes the probability of rollbacks on healthcare mandates may provide restaurants less relief than investors may hope for from the new administration...