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The coming increase in Florida's minimum wage is a story of unintended consequences, or perhaps, the story of political backlash that should be expected when the state passes laws that overly restrict local governments from making their own decisions.
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Consumer prices rose 5.4% in July, compared to a year ago. Here's one thing to watch going forward: How rising wages impacts inflation.
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Workers simply don't earn enough money to keep up with skyrocketing rental rates across the country, the National Low Income Housing Coalition found in its latest Out of Reach report.
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The administration also plans to eliminate the tipped minimum wage for federal contractors by 2024, effectively raising it to $15 from the current level of $7.65.
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The colossal package allocates money for COVID-19 vaccines, small businesses and anti-poverty programs like the child tax credit. Here are the highlights of the bill President Biden signed Thursday.
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The Senate will debate a $1.9 trillion COVID-19 bill and aim to pass it using a process that avoids a Republican filibuster. A battle over efforts to raise the minimum wage still splits Democrats.
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The Senate parliamentarian informed lawmakers that a plan to gradually increase the federal minimum wage to $15 by 2025 does not fit the complicated rules that govern budget bills in the Senate.
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Next week's pay increase would put Costco ahead of much of the industry. CEO W. Craig Jelinek said higher pay reduces turnover and boosts productivity.
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A group of fast food workers from across South Florida showed up in Fort Lauderdale Tuesday, as part of a multi-state effort to help raise awareness about the federal "Fight For $15" campaign.
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Raising the federal minimum to $15 an hour by 2025 would boost pay for at least 17 million people and cut 1.4 million jobs, according to the non-partisan Congressional Budget Office.
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Raising the federal minimum wage to $15 remains a priority of President Biden and Democrats after the Senate approved an amendment prohibiting a wage increase during the pandemic.
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Florida became the eighth state and the first in the South to adopt a $15 minimum wage. Replicating this in other states and on the federal level remains a challenge.