2/25: Red and Blue
The fight to increase the minimum wage in the U.S.; CPAC set to kick off in Orlando, Florida
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The fight to increase the minimum wage in the U.S.; CPAC set to kick off in Orlando, Florida
The company is one of many providing bonuses, wage increases or additional benefits as inflation rises and labor shortages persist.
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.
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.
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.
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.
President Biden signed an executive order to increase the minimum wage to $15 an hour for federal contractors, including cleaners and maintenance workers.
With an executive order he proposed as soon as he took office, the president will compel government contractors to pay workers at least $15 per hour.
Senators Mitt Romney and Kyrsten Sinema are negotiating a bipartisan proposal to raise the minimum wage to $11.
Wall Street bonuses have jumped more than 1,200% since 1985, or 10 times the pace of the federal minimum wage.