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Summers: Wage Growth Not Consistent With Fed's Inflation Target
Former US Treasury Secretary Lawrence Summers says the acceleration in wage growth seen in the July jobs report is "not consistent with 2% underlying inflation, or close" on Bloomberg Television’s Wall Street Week with David Westin.
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Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com
Connect with us on...
Twitter: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
published: 04 Aug 2023
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Some fast food franchises start cutting jobs as California minimum wage increases
Fast food workers here in the Golden State are set to receive a major pay raise this year, increasing to a minimum of $20 an hour in California.
While supporters say this move is a long time in coming, others say this new law could end up hurting many of the workers it's intended to help. This major boost to fast food workers' minimum wage here in California is set to take effect in April. Already, though, some fast food chains like Pizza Hut are responding by cutting jobs.
FULL STORY: https://www.cbs8.com/article/news/local/california/california-fast-food-workers-20/509-4bec78d9-a771-4545-ae27-64a91ee0e2fc
published: 03 Jan 2024
-
Minimum wage increases in DC
DC is increasing its minimum wage to $17/hour for untipped employees and $8/hour for tipped employees.
published: 01 Jul 2023
-
Minimum wage increases in Arizona for 2024
The minimum wage in Arizona is 50 cents higher starting Jan. 1, increasing from $13.85 to $14.35, according to the Arizona Industrial Commission.
published: 01 Jan 2024
-
L.A. city workers could receive cost of living raises, minimum wage increases under new salary propo
Thousands of Los Angeles city workers could receive a pay raise that would include seven costs of living increases, minimum wage adjustments, and better sick leave payouts, according to a new salary proposal. https://trib.al/VVwv7D1
KTLA 5 News - Keeping Southern Californians informed since 1947.
published: 12 Jan 2024
-
Minimum Wage Increases Nationwide
Millions of people across the U.S. are now starting their new year with a higher pay rate.
Visit us on the web and follow us on social media and stay informed:
Official Site: http://miami.cbslocal.com/
YouTube: http://www.youtube.com/user/CBSMiami
Facebook: https://www.facebook.com/CBSMiami
Twitter: https://twitter.com/CBSMiami
#cbsnewsmiami #news #florida #miami #southflorida #miamidade #browardcounty #politics #minimumwage
published: 02 Jan 2023
-
Minimum wage increases in 2024 for Missouri and Illinois workers
New laws go into effect this morning in Missouri and Illinois. There is an increase in the minimum wage in both states.
In Missouri, the state minimum wage will go up from $12 an hour to $12.30 an hour. Employers are required to pay tipped employees at least half of the minimum wage plus any amount necessary to bring the worker's total compensation to $12.30 an hour.
In Illinois, the minimum wage went from $13 to $14 an hour. Tipped workers can be paid $8.40 an hour. Any employee under 18 working fewer than 650 hours per year gets $12 an hour.
St. Louis News: FOX 2 covers news, weather, and sports in Missouri and Illinois. Read more about this story or see the latest updates on our website https://FOX2Now.com
Follow FOX 2 on social media:
YouTube: https://www.youtube.com/FOX2Now
Faceb...
published: 01 Jan 2024
-
B.C.'s minimum wage to increase to $17.40 an hour on June 1
B.C. is now linking minimum wage increases to the province's average rate of inflation. As Meera Bains tells us, that means B.C.’s lowest-paid workers will see a pay raise of 65 cents an hour on June 1.
Connect with CBC Vancouver online:
Website: https://www.cbc.ca/bc
TikTok: https://www.tiktok.com/@cbcvancouver
#CBCVancouver #CBCNews #BritishColumbia #minimumwage #wage #salary #canada #BC #Vancouver #victoria
published: 27 Feb 2024
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Chancellor gives ‘pay boost for two million’ as living wage increases to £11 an hour
ChancellorJeremy Hunt is expected to use his speech to Tory party conference to confirm an increase in the national living wage to at least £11 an hour from next April.
The Conservatives said the move will benefit two million of the lowest paid, with Mr Hunt also expected to announce ministers will look again at the benefit sanctions regime in a bid to get the unemployed back into work.
Read more at: https://www.standard.co.uk/news/uk/chancellor-announce-pay-boost-two-million-living-wage-increases-ps11-jeremy-hunt-b1110625.html
Subscribe to the Evening Standard: https://bit.ly/Subscribe-to-Evening-Standard
for latest breaking news from the UK, US and around the world, plus podcasts and features.
Evening Standard on socials:
Check out our full video catalog: https://www.youtube.com/c/Lo...
published: 02 Oct 2023
-
Minimum wage increases are coming for 22 states across America
Minimum wage increases are coming for these 22 states: Alaska, Arizona, California, Colorado, Connecticut, Delaware, Florida (September 2023) Hawaii, Illinois, Maine, Maryland, Michigan, Minnesota, Montana, Nebraska, New Jersey, New York, Ohio, Rhode Island, South Dakota, Vermont and Washington State.
https://abc11.com/
Watch: https://abc11.com/watch/live/11065013/
Like us on Facebook: https://www.facebook.com/ABC11/
X: https://twitter.com/ABC11_WTVD
TIKTOK: https://www.tiktok.com/@abc11_eyewitnessnews
published: 28 Dec 2023
1:39
Summers: Wage Growth Not Consistent With Fed's Inflation Target
Former US Treasury Secretary Lawrence Summers says the acceleration in wage growth seen in the July jobs report is "not consistent with 2% underlying inflation,...
Former US Treasury Secretary Lawrence Summers says the acceleration in wage growth seen in the July jobs report is "not consistent with 2% underlying inflation, or close" on Bloomberg Television’s Wall Street Week with David Westin.
--------
Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com
Connect with us on...
Twitter: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
https://wn.com/Summers_Wage_Growth_Not_Consistent_With_Fed's_Inflation_Target
Former US Treasury Secretary Lawrence Summers says the acceleration in wage growth seen in the July jobs report is "not consistent with 2% underlying inflation, or close" on Bloomberg Television’s Wall Street Week with David Westin.
--------
Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com
Connect with us on...
Twitter: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
- published: 04 Aug 2023
- views: 3305
2:32
Some fast food franchises start cutting jobs as California minimum wage increases
Fast food workers here in the Golden State are set to receive a major pay raise this year, increasing to a minimum of $20 an hour in California.
While suppor...
Fast food workers here in the Golden State are set to receive a major pay raise this year, increasing to a minimum of $20 an hour in California.
While supporters say this move is a long time in coming, others say this new law could end up hurting many of the workers it's intended to help. This major boost to fast food workers' minimum wage here in California is set to take effect in April. Already, though, some fast food chains like Pizza Hut are responding by cutting jobs.
FULL STORY: https://www.cbs8.com/article/news/local/california/california-fast-food-workers-20/509-4bec78d9-a771-4545-ae27-64a91ee0e2fc
https://wn.com/Some_Fast_Food_Franchises_Start_Cutting_Jobs_As_California_Minimum_Wage_Increases
Fast food workers here in the Golden State are set to receive a major pay raise this year, increasing to a minimum of $20 an hour in California.
While supporters say this move is a long time in coming, others say this new law could end up hurting many of the workers it's intended to help. This major boost to fast food workers' minimum wage here in California is set to take effect in April. Already, though, some fast food chains like Pizza Hut are responding by cutting jobs.
FULL STORY: https://www.cbs8.com/article/news/local/california/california-fast-food-workers-20/509-4bec78d9-a771-4545-ae27-64a91ee0e2fc
- published: 03 Jan 2024
- views: 294087
0:15
Minimum wage increases in DC
DC is increasing its minimum wage to $17/hour for untipped employees and $8/hour for tipped employees.
DC is increasing its minimum wage to $17/hour for untipped employees and $8/hour for tipped employees.
https://wn.com/Minimum_Wage_Increases_In_DC
DC is increasing its minimum wage to $17/hour for untipped employees and $8/hour for tipped employees.
- published: 01 Jul 2023
- views: 565
0:29
Minimum wage increases in Arizona for 2024
The minimum wage in Arizona is 50 cents higher starting Jan. 1, increasing from $13.85 to $14.35, according to the Arizona Industrial Commission.
The minimum wage in Arizona is 50 cents higher starting Jan. 1, increasing from $13.85 to $14.35, according to the Arizona Industrial Commission.
https://wn.com/Minimum_Wage_Increases_In_Arizona_For_2024
The minimum wage in Arizona is 50 cents higher starting Jan. 1, increasing from $13.85 to $14.35, according to the Arizona Industrial Commission.
- published: 01 Jan 2024
- views: 2411
0:38
L.A. city workers could receive cost of living raises, minimum wage increases under new salary propo
Thousands of Los Angeles city workers could receive a pay raise that would include seven costs of living increases, minimum wage adjustments, and better sick le...
Thousands of Los Angeles city workers could receive a pay raise that would include seven costs of living increases, minimum wage adjustments, and better sick leave payouts, according to a new salary proposal. https://trib.al/VVwv7D1
KTLA 5 News - Keeping Southern Californians informed since 1947.
https://wn.com/L.A._City_Workers_Could_Receive_Cost_Of_Living_Raises,_Minimum_Wage_Increases_Under_New_Salary_Propo
Thousands of Los Angeles city workers could receive a pay raise that would include seven costs of living increases, minimum wage adjustments, and better sick leave payouts, according to a new salary proposal. https://trib.al/VVwv7D1
KTLA 5 News - Keeping Southern Californians informed since 1947.
- published: 12 Jan 2024
- views: 4124
0:24
Minimum Wage Increases Nationwide
Millions of people across the U.S. are now starting their new year with a higher pay rate.
Visit us on the web and follow us on social media and stay informed:...
Millions of people across the U.S. are now starting their new year with a higher pay rate.
Visit us on the web and follow us on social media and stay informed:
Official Site: http://miami.cbslocal.com/
YouTube: http://www.youtube.com/user/CBSMiami
Facebook: https://www.facebook.com/CBSMiami
Twitter: https://twitter.com/CBSMiami
#cbsnewsmiami #news #florida #miami #southflorida #miamidade #browardcounty #politics #minimumwage
https://wn.com/Minimum_Wage_Increases_Nationwide
Millions of people across the U.S. are now starting their new year with a higher pay rate.
Visit us on the web and follow us on social media and stay informed:
Official Site: http://miami.cbslocal.com/
YouTube: http://www.youtube.com/user/CBSMiami
Facebook: https://www.facebook.com/CBSMiami
Twitter: https://twitter.com/CBSMiami
#cbsnewsmiami #news #florida #miami #southflorida #miamidade #browardcounty #politics #minimumwage
- published: 02 Jan 2023
- views: 1155
0:39
Minimum wage increases in 2024 for Missouri and Illinois workers
New laws go into effect this morning in Missouri and Illinois. There is an increase in the minimum wage in both states.
In Missouri, the state minimum wage wil...
New laws go into effect this morning in Missouri and Illinois. There is an increase in the minimum wage in both states.
In Missouri, the state minimum wage will go up from $12 an hour to $12.30 an hour. Employers are required to pay tipped employees at least half of the minimum wage plus any amount necessary to bring the worker's total compensation to $12.30 an hour.
In Illinois, the minimum wage went from $13 to $14 an hour. Tipped workers can be paid $8.40 an hour. Any employee under 18 working fewer than 650 hours per year gets $12 an hour.
St. Louis News: FOX 2 covers news, weather, and sports in Missouri and Illinois. Read more about this story or see the latest updates on our website https://FOX2Now.com
Follow FOX 2 on social media:
YouTube: https://www.youtube.com/FOX2Now
Facebook: https://www.facebook.com/FOX2Now/
Twitter: https://twitter.com/FOX2Now/
Instagram: https://www.instagram.com/fox2now/
TikTok: https://tiktok.com/@fox2now
SnapChat: https://www.snapchat.com/add/fox2now
https://wn.com/Minimum_Wage_Increases_In_2024_For_Missouri_And_Illinois_Workers
New laws go into effect this morning in Missouri and Illinois. There is an increase in the minimum wage in both states.
In Missouri, the state minimum wage will go up from $12 an hour to $12.30 an hour. Employers are required to pay tipped employees at least half of the minimum wage plus any amount necessary to bring the worker's total compensation to $12.30 an hour.
In Illinois, the minimum wage went from $13 to $14 an hour. Tipped workers can be paid $8.40 an hour. Any employee under 18 working fewer than 650 hours per year gets $12 an hour.
St. Louis News: FOX 2 covers news, weather, and sports in Missouri and Illinois. Read more about this story or see the latest updates on our website https://FOX2Now.com
Follow FOX 2 on social media:
YouTube: https://www.youtube.com/FOX2Now
Facebook: https://www.facebook.com/FOX2Now/
Twitter: https://twitter.com/FOX2Now/
Instagram: https://www.instagram.com/fox2now/
TikTok: https://tiktok.com/@fox2now
SnapChat: https://www.snapchat.com/add/fox2now
- published: 01 Jan 2024
- views: 1802
2:04
B.C.'s minimum wage to increase to $17.40 an hour on June 1
B.C. is now linking minimum wage increases to the province's average rate of inflation. As Meera Bains tells us, that means B.C.’s lowest-paid workers will see ...
B.C. is now linking minimum wage increases to the province's average rate of inflation. As Meera Bains tells us, that means B.C.’s lowest-paid workers will see a pay raise of 65 cents an hour on June 1.
Connect with CBC Vancouver online:
Website: https://www.cbc.ca/bc
TikTok: https://www.tiktok.com/@cbcvancouver
#CBCVancouver #CBCNews #BritishColumbia #minimumwage #wage #salary #canada #BC #Vancouver #victoria
https://wn.com/B.C.'s_Minimum_Wage_To_Increase_To_17.40_An_Hour_On_June_1
B.C. is now linking minimum wage increases to the province's average rate of inflation. As Meera Bains tells us, that means B.C.’s lowest-paid workers will see a pay raise of 65 cents an hour on June 1.
Connect with CBC Vancouver online:
Website: https://www.cbc.ca/bc
TikTok: https://www.tiktok.com/@cbcvancouver
#CBCVancouver #CBCNews #BritishColumbia #minimumwage #wage #salary #canada #BC #Vancouver #victoria
- published: 27 Feb 2024
- views: 3528
1:20
Chancellor gives ‘pay boost for two million’ as living wage increases to £11 an hour
ChancellorJeremy Hunt is expected to use his speech to Tory party conference to confirm an increase in the national living wage to at least £11 an hour from nex...
ChancellorJeremy Hunt is expected to use his speech to Tory party conference to confirm an increase in the national living wage to at least £11 an hour from next April.
The Conservatives said the move will benefit two million of the lowest paid, with Mr Hunt also expected to announce ministers will look again at the benefit sanctions regime in a bid to get the unemployed back into work.
Read more at: https://www.standard.co.uk/news/uk/chancellor-announce-pay-boost-two-million-living-wage-increases-ps11-jeremy-hunt-b1110625.html
Subscribe to the Evening Standard: https://bit.ly/Subscribe-to-Evening-Standard
for latest breaking news from the UK, US and around the world, plus podcasts and features.
Evening Standard on socials:
Check out our full video catalog: https://www.youtube.com/c/LondonEveningStandard/videos
Videos, daily editorial and more: https://www.standard.co.uk/
Like us on Facebook: https://www.fb.com/eveningstandard
Follow us on Twitter: https://twitter.com/eveningstandard
and Instagram: https://www.instagram.com/evening.standard
https://wn.com/Chancellor_Gives_‘Pay_Boost_For_Two_Million’_As_Living_Wage_Increases_To_£11_An_Hour
ChancellorJeremy Hunt is expected to use his speech to Tory party conference to confirm an increase in the national living wage to at least £11 an hour from next April.
The Conservatives said the move will benefit two million of the lowest paid, with Mr Hunt also expected to announce ministers will look again at the benefit sanctions regime in a bid to get the unemployed back into work.
Read more at: https://www.standard.co.uk/news/uk/chancellor-announce-pay-boost-two-million-living-wage-increases-ps11-jeremy-hunt-b1110625.html
Subscribe to the Evening Standard: https://bit.ly/Subscribe-to-Evening-Standard
for latest breaking news from the UK, US and around the world, plus podcasts and features.
Evening Standard on socials:
Check out our full video catalog: https://www.youtube.com/c/LondonEveningStandard/videos
Videos, daily editorial and more: https://www.standard.co.uk/
Like us on Facebook: https://www.fb.com/eveningstandard
Follow us on Twitter: https://twitter.com/eveningstandard
and Instagram: https://www.instagram.com/evening.standard
- published: 02 Oct 2023
- views: 2149
1:43
Minimum wage increases are coming for 22 states across America
Minimum wage increases are coming for these 22 states:
Alaska, Arizona, California, Colorado, Connecticut, Delaware, Florida (September 2023) Hawaii, Illinois, ...
Minimum wage increases are coming for these 22 states:
Alaska, Arizona, California, Colorado, Connecticut, Delaware, Florida (September 2023) Hawaii, Illinois, Maine, Maryland, Michigan, Minnesota, Montana, Nebraska, New Jersey, New York, Ohio, Rhode Island, South Dakota, Vermont and Washington State.
https://abc11.com/
Watch: https://abc11.com/watch/live/11065013/
Like us on Facebook: https://www.facebook.com/ABC11/
X: https://twitter.com/ABC11_WTVD
TIKTOK: https://www.tiktok.com/@abc11_eyewitnessnews
https://wn.com/Minimum_Wage_Increases_Are_Coming_For_22_States_Across_America
Minimum wage increases are coming for these 22 states:
Alaska, Arizona, California, Colorado, Connecticut, Delaware, Florida (September 2023) Hawaii, Illinois, Maine, Maryland, Michigan, Minnesota, Montana, Nebraska, New Jersey, New York, Ohio, Rhode Island, South Dakota, Vermont and Washington State.
https://abc11.com/
Watch: https://abc11.com/watch/live/11065013/
Like us on Facebook: https://www.facebook.com/ABC11/
X: https://twitter.com/ABC11_WTVD
TIKTOK: https://www.tiktok.com/@abc11_eyewitnessnews
- published: 28 Dec 2023
- views: 3203