wages

Friday’s lower unemployment figure is a strong indication that the Federal Reserve may cut rates by 0.25% instead of 0.50% when it meets in less than two weeks, economists say. “This is the moment we've all been waiting for and, based on the data, it looks like the Fed won't need to...

While former Treasury Secretary Lawrence Summers said that the likelihood of a soft landing for the U.S. economy has improved compared to previous assessments, he voiced concerns over the potential resurgence of inflationary pressures. What Happened: In an ...

Japanese automaker Toyota Motor Corp. (NYSE: TM) has agreed to provide the largest wage hike to employees in 20 years. What Happened: After the first round of negotiations, Toyota agreed to give the largest wage hikes in two decades according to its union, stated a report in Bloomberg. See...

Apple Inc (NASDAQ: AAPL) workers at the retail store in New York City's Grand Central Terminal have taken steps toward forming a union.  The organizers of the union, who go by Fruit Stand Workers United, announced on their website that they voted to affiliate themselves with the Workers...

Apple Inc (NASDAQ: AAPL) has openly told its employees that they can discuss their wages, hours, and working conditions.  In a memo, the company said, "Our policies do not restrict employees from speaking freely about their wages, hours, or working condition. We encourage any employee...

Starbucks Corp. (NASDAQ: SBUX) said Wednesday it would raise wages and ensure that its workers in the U.S. earn at least $15 an hour by summer next year. What Happened: Starbucks said that workers who have worked at the coffee chain for at least two years could get up to a 5% raise in late January...

A group of around 75 truck drivers stopped traffic along a Houston freeway for about three hours on Tuesday, protesting low cargo rates and high maintenance costs. The drivers, mostly independent owner-operators, parked a long line of trucks along the right shoulder of the 610 East Loop in Houston...

November turned into an employment bonanza, helped in part by the return of workers from a strike at General Motors Company (NYSE: GM). The economy busted out with 266,000 new jobs, the highest total for any month since January. If you add the Labor Department’s upward revisions of...

Even when the trade winds are generally strong, there can sometimes be lulls. This morning, the market seems to be awaiting fresh developments on the U.S.-China trade front as negotiators continue meeting in Washington and President Donald Trump is scheduled to meet with Chinese Vice Premier Liu He...

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...

The rich are getting richer, the poor are getting poorer and the middle class isn't advancing, right? Not according to a new study. According to the Urban Institute, the middle class has been shrinking since 1979. However, the shrinking part of the middle class isn't dropping to the lower class,...

The graph below was produced by Capital Market Labs. While corporate profits in the S&P 500 are ringing in all-time highs, nominal wages are relatively stagnant since the peaks in 2007, which means real wages are down. In English, this appears to mean one thing: Corporations are...