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Average hourly wages have increased by more than 5% over the past year, but the inflation has grown by nearly 8% over that same period. Laura Veldkamp, a professor of finance and economics at Columbia Business School, spoke with CBS News' Tony Dokoupil and Lilia Luciano about how rising prices are outpacing wage increases nationwide.
Following $15 dollar an hour law passage victories in New York, California and Pennsylvania, Fight for 15 protesters advocated in more than 300 cities on Thursday for a nationwide rise in minimum wage and the right to unionize. They marched from Times Square to the annual New York State Republican GOP Gala at the Grand Hyatt Hotel to join protesters rallying against GOP candidates’ opposition to raise wages. Video produced by Anisah Jabar.
Congress is moving closer to passing President Biden's $1.9 trillion coronavirus relief package without the minimum wage increase the bill originally included. Cedric Richmond, a senior adviser to President Biden, joins CBSN's "Red & Blue" host Elaine Quijano to discuss plans to push for the $15 minimum wage, as well as calls to eliminate the Senate filibuster, the growing number of unaccompanied migrant children entering the U.S., violence against Asian Americans, and closing racial inequities in the U.S.
The House is expected to pass President Biden's $1.9 trillion coronavirus relief package this week. Michigan Democratic Congressman Andy Levin joins CBSN's "Red & Blue" host Elaine Quijano to discuss why he's pushing for a minimum wage increase to be included in the final package.
The "vital" salary hikes come as the federal minimum wage has been stagnant for nearly 13 years.
Nation's second-largest bank has said it plans to boost the company's baseline hourly pay to $25 by 2025.
Federal Reserve raising interest rates; Hawaii lawmakers pass bill to raise minimum wage
More than 90% of workers at Dollar General earn below $15 an hour, according to survey from economic think tank.
White House Council of Economic Advisers member Jared Bernstein joins Major to talk about the American Relief Plan, economic inequality caused by the pandemic, and the debate over a $15 national minimum wage on this week's episode of "The Takeout with Major Garrett."
The nation's capital will join 15 states where recreational pot is legal.
Crafts chain's 43,000 employees are getting a big raise next month. Elsewhere, Taco Bell to pay $15 base by mid-2024.
An international manhunt is underway for the gunman who opened fire inside a crowded Istanbul nightclub on New Year's Eve; The little known story of several unsung heroes of the U.S. space program are finally getting their due on the big screen
Courts to take a closer look at sexual harassment; woman adopted by American family reunited with Chinese birth parents.
Federal contractors in 2022 must pay workers at least $15 an hour, boosting their average income by $3,000 per year.
The gap between what average U.S. workers produce and what they earn has grown ever wider. That's a problem.
Support for minimum wage hike cuts across income levels, but there are some political divisions.
Drugstore chain joins Chipotle, Southwest Airlines and other big companies moving to raise their hourly wage.
Democrats are hoping to expand their slim Senate majority in 2022, and Wisconsin could be at the top of their target list. The incumbent up for reelection in the Badger State is Ron Johnson, and the two-term senator hasn't committed to another run. Wisconsin Lieutenant Governor Mandela Barnes, one of the Democrats running for the seat, spoke with CBSN's Tanya Rivero about his campaign.
As CBS affiliate KHOU-TV's David Gonzalez reports, hundreds took part in four-day march in Texas in support of voting rights. Participants denounced proposed changes to the state's voting laws. CBS News legal contributor Jessica Levinson joins CBSN's Lana Zak with more on the increased pressure on the White House to pass federal legislation that would protect the right to vote.
The bank joins Amazon, Chipotle and McDonald's on a short list of big companies that recently hiked their hourly wages.
Disneyland workers held a rally to demand a higher minimum wage of at least $20. At least one in 10 of the workers is homeless or living out of their car, and some say they even go without food. Unions for the park staff are in negotiations with management.
Chipotle Mexican Grill is hiking its average hourly pay to $15 as it vies for workers in an increasingly tight U.S. labor market. CBS Los Angeles has the details.
Mexican-themed food chain says it wants to hire 20,000 workers and open 200 new eateries across the U.S. this year.
A deadly bus crash left at least 30 people dead in Peru. Closer to home, the minimum wage is going up in several states and Wall Street starts 2018 on a high note.
States across the country are starting 2018 with new laws, including several that are raising the minimum wage. CBS News correspondent Jamie Yuccas reports.
Netflix on Friday said it will acquire Warner Bros., including its film and television studios, HBO Max and HBO.
Federal prosecutors on Thursday presented an indictment of New York Attorney General Letitia James to a grand jury in Norfolk, Virginia.
Texas approved a new congressional map this summer after Trump urged state GOP lawmakers to craft new House district lines to help Republicans hold onto their majority in the 2026 midterms.
The CDC's vaccine advisory panel meets Thursday and Friday to discuss recommendations for the hepatitis B vaccine and the schedule of childhood shots.
"What I saw in that room was one of the most troubling things I've seen in my time in public service," Democratic Rep. Jim Himes said.
Luigi Mangione will be back in court Friday as a crucial court hearing about what evidence should be admitted in the trial continues.
Authorities say the FBI has arrested a man suspected of placing pipe bombs outside RNC and DNC headquarters on the eve of the Jan. 6, 2021, Capitol riot.
The seizures come as Colombian President Gustavo Petro is calling on the U.S. to end strikes in the region against apparent drug-carrying vessels.
ICE began enhanced operations in the Minneapolis-St. Paul area this week, as President Trump rails against Somali people in Minnesota.
Netflix on Friday said it will acquire Warner Bros., including its film and television studios, HBO Max and HBO.
Luigi Mangione will be back in court Friday as a crucial court hearing about what evidence should be admitted in the trial continues.
Officials have said that jaguar breeding in the U.S. has not been documented in more than a century.
A U.S. District Court decision to end the deployment of National Guard members to Washington, D.C., is now on hold.
At least 87 people have been killed since the vessel strikes began in early September.
Netflix on Friday said it will acquire Warner Bros., including its film and television studios, HBO Max and HBO.
As the White House tries to curb Moscow's energy income, Vladimir Putin enjoys a warm welcome in India, and promises an "uninterrupted supply" of Russian fuel.
Rents in the 50 largest cities have surged by hundreds of dollars per month over the last five years, a LendingTree analysis found.
Job cuts so far this year are at their highest levels since 2020, new report says.
President Trump suggested Americans won't have to pay personal income taxes "in the not-too-distant future" because of rising U.S. tariffs.
As intrigue grows over whether Texas Democratic Rep. Jasmine Crockett plans to announce a U.S. Senate campaign next week, she confirmed to CBS News she's spoken with would-be opponents.
A U.S. District Court decision to end the deployment of National Guard members to Washington, D.C., is now on hold.
Investigations released by the Navy into accidents involving the Truman Carrier Strike Group recommended ensuring processes are followed even when faced with adversity.
At least 87 people have been killed since the vessel strikes began in early September.
ICE began enhanced operations in the Minneapolis-St. Paul area this week, as President Trump rails against Somali people in Minnesota.
A clinical study into weight loss drugs for pets just launched, with results from the trial expected by next summer.
The CDC's vaccine advisory panel meets Thursday and Friday to discuss recommendations for the hepatitis B vaccine and the schedule of childhood shots.
The former officials said the FDA's plans to revamp how certain life-saving vaccines are handled would "disadvantage the people the FDA exists to protect, including millions of Americans at high risk from serious infections."
Kian Sadeghi, the 25-year-old founder and CEO at Nucleus Genomics, tells "CBS Mornings" that parents have every right to select the qualities and traits they desire in their child.
The holiday season can be a wonderful, but also stressful time – filled with unrealistic expectations. A recent poll found 41% of adults anticipate more holiday stress this year. Psychiatrist Dr. Sue Varma has tips to unwind during the holidays.
The seizures come as Colombian President Gustavo Petro is calling on the U.S. to end strikes in the region against apparent drug-carrying vessels.
As the White House tries to curb Moscow's energy income, Vladimir Putin enjoys a warm welcome in India, and promises an "uninterrupted supply" of Russian fuel.
The special edition locket was inspired by the James Bond film "Octopussy," which revolves around a plot to steal a rare Faberge egg.
Investigations released by the Navy into accidents involving the Truman Carrier Strike Group recommended ensuring processes are followed even when faced with adversity.
At least 87 people have been killed since the vessel strikes began in early September.
Netflix on Friday said it will acquire Warner Bros., including its film and television studios, HBO Max and HBO.
Lucy Liu talks about starring in and producing the movie "Rosemead," why she says the story resonates universally and reflecting on personal experiences for the film.
Steve Cropper co-wrote several classics, including "(Sittin' on) the Dock of the Bay," "Green Onions" and "In the Midnight Hour."
Grammy winning DJ and producer Kaytranada has become one of the most influential voices in dance and electronic music, and has collaborated with top artists. He spoke with "CBS Mornings" about his latest album, touring and his journey in music.
Actor and comedian Richie Moriarty talks with "CBS Mornings" about the fifth season of the comedy series "Ghosts," what's next for his character and how the cast has bonded.
Leaders in the robotics industry say that to strengthen AI, companies also need a plan for robots. The White House appears to be listening. Yasmin Khorram, economic policy reporter for Politico, joins CBS News to discuss her article on the topic.
Google has released its list of the 2025 top search trends. Robert Ferrera, a Google Trends expert, joins CBS News with more.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
India's government, amid an uproar over privacy, has revoked an order quietly issued to smartphone makers to pre-install a state-run security app.
OpenAI has declared a "code red" as Google threatens to unseat the AI industry's early leader, according to the Wall Street Journal. Technology journalist Jacob Ward joins CBS News to discuss.
Samples collected from the asteroid Bennu are continuing the shed light on the origins of the solar system and how life developed on Earth, scientists say.
Kian Sadeghi, the 25-year-old founder and CEO at Nucleus Genomics, tells "CBS Mornings" that parents have every right to select the qualities and traits they desire in their child.
Ant colonies act as one "super-organism" which works to ensure the survival of all, according to a team of scientists.
The discovery could cast some doubt on the status of Lucy's species as the direct ancestor of Homo sapiens.
Wolf DNA seems to have influenced the size, smelling power and even personality of modern dog breeds, scientists said.
The seizures come as Colombian President Gustavo Petro is calling on the U.S. to end strikes in the region against apparent drug-carrying vessels.
New evidence was presented in court in connection with the case against Luigi Mangione, the man accused of shooting UnitedHealthcare CEO Brian Thompson. CBS News' Katrina Kaufman reports.
New York Attorney General Letitia James reacted to news of a federal grand jury refusing to re-indict her after earlier fraud charges against her were thrown out. CBS News legal contributor Caroline Polisi has more.
The Pentagon announced another strike against an alleged drug-carrying boat in the eastern Pacific Ocean. This comes as lawmakers react to a classified briefing on the controversial Sept. 2 strikes targeting a vessel near Venezuela. CBS News' Nikole Killion reports.
Luigi Mangione will be back in court Friday as a crucial court hearing about what evidence should be admitted in the trial continues.
Samples collected from the asteroid Bennu are continuing the shed light on the origins of the solar system and how life developed on Earth, scientists say.
The U.S. Air Force has approved SpaceX's plan to redevelop a historic launch pad at Cape Canaveral. CBS News correspondent Mark Strassmann reports.
Solar flares and other activity can disrupt radio communications, power grids and navigation signals, according to NASA.
Researchers have documented 55 instances of "mini lightning" over two Martian years by eavesdropping on the whirling wind recorded by NASA's Perseverance rover.
The new space station crew includes American Chris Williams, who holds a Ph.D. in astronomy and is a board-certified medical physicist at Harvard Medical School.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
A retrospective look at the actor, director, producer, and founder of the Sundance Institute.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
The American Cancer Society is suggesting a change to cervical cancer screening guidelines so women have the option for self-collection of samples. CBS News medical contributor Dr. Céline Gounder explains.
Frigid temperatures are expected in parts of the U.S. through the weekend. Plus, more details have emerged about the classified briefing on the controversial Sept. 2 boat strikes near Venezuela. All that and all that matters in today's Eye Opener.
The Pentagon announced another strike on an alleged drug boat in the Pacific Ocean, hours after lawmakers received a classified briefing on a Sept. 2 attack. Charlie D'Agata reports.
Republicans and Democrats in Congress received a classified briefing on the deadly Sept. 2 strikes against a vessel apparently carrying drugs toward the U.S. CBS News' Charlie D'Agata reports.
Record cold temperatures are impacting parts of the U.S. and the frigid conditions are expected to persist through the weekend. Tom Hanson has more, and Rob Marciano gives the latest forecast.