Here's where minimum wage increases are set to kick in next year
Minimum wages are set to rise in 22 U.S. states and 66 cities and counties next year, even as the federal baseline wage remains at $7.25.
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Minimum wages are set to rise in 22 U.S. states and 66 cities and counties next year, even as the federal baseline wage remains at $7.25.
The percentage of Americans just scraping by financially is rising as wage growth slows and inflation flares, Bank of America finds.
The average cost of a fast-food meal in the U.S. is now $11.56 in major cities across the U.S., according to LendingTree.
The federal minimum has held at $7.25 an hour since 2009, but an increasing number of states are upping their base pay for workers.
A Biden administration proposal would phase out a program that lets employers pay some workers less than $7.25 an hour.
Workers in four battleground states earn the federal minimum wage of $7.25 an hour. Labor advocates say that's a recipe for poverty.
Unpaid and underpaid labor prevails, an analysis of research by several NGO's found, including wage deductions, "significant" debt bondage and child labor.
Bank of America is hiking its base pay starting next month and plans to further lift the company's minimum wage in 2025.
Higher minimum wages will kick in on Jan. 1 in 22 states, lifting pay for about 9.9 million Americans, according to one estimate.
The coffee chain said it is increasing eligible employees' pay, with longer-tenured workers in line for bigger raises.
Many wage theft victims are never paid a dime. Others are left waiting for months or even years, an investigation by CBS News found.
The home-improvement store said it is investing $1 billion in pay raises for its employees.
Calling your retail clerk an "assistant store manager" has a surprisingly big payoff, new research finds.
Many wage theft victims are never paid a dime. Others are left waiting for months or even years, an investigation by CBS News found.
