A hike in the minimum wage to $15 per hour would boost the income of 17 million workers but could also lead to the loss of 1.3 million jobs, the CBO says.
The insurer is raising its minimum wage, joining other companies that have announced some form of bonus or wage hike resulting from the new tax law.
Fifth Third Bancorp says about 75% of its employees will receive a pay increase or bonus in the wake of the corporate tax cut.
When minimum wage is too low, it not only mires workers in poverty, it undermines the consumer demand at the heart of our economy.
It may be a good idea, but for whom? Experts weigh in on the impacts a minimum wage increase could have on employment and the economy.
A wage subsidy could put additional money from taxpayers into each low-wage paycheck, while encouraging employers to create jobs not eliminate them.
Whether a minimum wage hike will destroy jobs as opponents claim, or help to combat poverty as supporters argue, is a question of perspective.
While boosting wages for workers is critical, helping workers retain their jobs and stay on the income ladder makes more sense for the economy.
Four states passed proposals to increase the minimum wage, adding to the growing support for higher pay floors for U.S. workers.
Annual stock awards to hourly employees with at least two years' service will double, raising total compensation as high as 15%.
Revenue and operating income for U.S. restaurants will increase more than expected, said Moody’s Investors Service in upgrading its industry outlook.
The increase in the minimum wage to $15 an hour will be phased in gradually across the state, with the target being reached by 2021 for some workers.
