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3 mins read

From an $18 hourly wage to the 'new factory town,' Amazon is taking the lead on lifting up America's working class

Amazon's influence on wages and hiring is massive. Congress wasn't able to pass a $15 minimum wage …

Ben Winck   


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5 mins read

Amazon is establishing a new minimum wage in America

The e-commerce giant increased wages in 2018 and backs a $15 federal minimum wage. In 2021, it's em…

Ben Winck,Dominick Reuter   


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2 mins read

Companies such as Amazon, Chipotle, and McDonald's are raising wages. It's likely a one-off boost, Oxford Economics says.

The labor shortage put more power in workers' hands as businesses scrambled to rehire, but the boos…

Ben Winck   


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2 mins read

Amazon CEO says 'it's high time' the government increases the federal minimum wage

"I don't know the exact number, but below $7.50, to me, feels very wrong," Amazon CEO Andy Jassy sa…

Grace Kay   


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1 min read

Indians spent big on festive season sales, UPI transaction up 40% in Oct: Report

Consumer spending in India is soaring during the festive season, with people splurging on cars, sma…

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2 mins read

Rising wages are a 'feature,' not a bug, of the post-pandemic economy, President Biden says

There's "more than ample room" to raise wages without lifting inflation, Biden added, rebuking clai…

Ben Winck   


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4 mins read

3 reasons why Wall Street isn't worried about a $15 minimum wage hike, according to 3 experts

Only 10 companies have cited or used the term "minimum wage" on earnings calls since December 15, a…

Carla Mozée   


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4 mins read

Big companies raising wages could boost pay for workers at nearby businesses

Jeff Bezos noted a recent paper showing that Amazon's increase to a $15 per hour wage boosted pay i…

Madison Hoff,Juliana Kaplan   


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3 mins read

80% of Americans think the federal minimum wage is too low, new poll finds

A new poll from Amazon/Ipsos found that 2 out of 3 respondents with an opinion on the topic support…

Ayelet Sheffey,Juliana Kaplan   


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2 mins read

Levi's CEO says Amazon's '$20 an hour' wages are forcing the jeans maker to rethink worker pay amid the tight labor market

"We have folks that are right around the corner from Amazon distribution centers and Amazon is not …

Dominick Reuter   


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5 mins read

Biden's spending plans could lift wages from the bottom up. It's a page out of Jeff Bezos' playbook - or Henry Ford's.

Biden's infrastructure plan promises to raise wages and create jobs. Both Henry Ford and Jeff Bezos…

Hillary Hoffower,Allana Akhtar   


Juliana Kaplan   


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2 mins read

Target extends it $2-an-hour coronavirus wage hike days after Amazon is slammed for taking away 'hero pay'

Target employees will continue to receive an extra $2 per hour through July 4.

Mary Hanbury   


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3 mins read

Amazon's wage hike is 'not all roses' for its workers

By Siegel's calculation, the wage increase - spanning full-time, part-time, temporary, and temporar…

Ethel Jiang   


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1 min read

Target says it's permanently raising its minimum wage to $15 an hour

Over the past three years Target has increased its minimum wage from $11.

Mary Hanbury   


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6 mins read

Amazon drops $2 coronavirus pay rise for warehouse workers as CEO Jeff Bezos' fortune nears $150 billion

Amazon has now phased out two major policies brought in to protect workers during the coronavirus p…

Isobel Asher Hamilton   


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1 min read

RBI-MPC may go for 25bps policy rate hike in April: Acuite Ratings

Credit rating agency Acuite Ratings and Research said the Reserve Bank of India (RBI) will continue…

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1 min read

9 retailers that have hiked wages during the coronavirus pandemic

A number of global and national retailers are bumping store worker pay by $2 to $3 an hour for a li…

Áine Cain   


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5 mins read

Recession in the US may cool off attrition in IT sector along with revenues

After two years of bumper profits and mind-boggling salary hikes, TCS, Infosys and Wipro – along wi…

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3 mins read

The latest jobs report showed hiring was still strong but wage growth slowed. Here's what that means for stocks and the Fed.

Stocks jumped after the December payrolls report, but analysts say hurdles still remain for the mar…

Carla Mozée