A few years ago, my best friend said something that really stuck with me. The gist was this: It doesn’t matter whether you make $25,000 or $100,000 a year — you’ll still feel like you don’t have enough money. That’s easy for someone making $100,000 to say, I thought at the time. But here’s the […]
WASHINGTON (AP) — House Democrats approved legislation Thursday to raise the federal minimum wage for the first time in a decade, to $15 an hour, showcasing the progress and challenge of a signature issue for the party ahead of the 2020 election. The increase, which would boost pay for some 30 million low-wage workers, is […]
A $15 federal minimum wage is one step closer to becoming a reality. Thursday, House Democrats approved legislation to raise the federal minimum wage for the first time in a decade. Lawmakers were able to pass the bill after centrists won concessions for a slower phase-in, over six years instead of five. They also won assurances […]
BENTONVILLE, Ark. (AP) — Walmart, the world’s largest private employer, is boosting its starting salary for U.S. workers to $11 an hour, giving a one-time cash bonus of up to $1,000 to eligible employees and expanding its maternity and parental leave benefits. The retailer said Thursday that changes to its compensation and benefits policy will […]
The monthly jobs report was released Friday. What did we learn? According to the report, the labor market rebounded in October in the wake of the hurricanes, and continues to be strong. Employers added 261,000 workers last month, and with the number of jobs added in September revised from a loss to a gain […]
Tom: You are joining us this morning to talk about the recent Fed decision on interest rates, is that right? Mellody: That’s right, Tom Joyner. The current short-term interest rate is still near zero after this past federal open markets committee meeting, keeping it where it has been for nearly seven years since the great […]
SAN JUAN, Puerto Rico (AP) — Most tables are empty at Walter Martin’s coffee shop in San Juan’s colonial district. His brow is furrowed with concern and glistens with sweat in the sweltering Caribbean morning. He’s turned off the air conditioning to lower his power bill. With fewer customers, he’s cut staff hours and tried […]
SAN FRANCISCO (AP) — The push for a higher minimum wage gained momentum on both sides of the country Wednesday, with New York embracing an eventual $15 an hour for the state’s 200,000 fast-food workers and the huge University of California system announcing the same raise for its employees. “How we support our workers and […]
Starbucks is on a mission to recruit a lost generation of America’s young, poor and unemployed to correct a decades-long pattern of neglect in corporate America. While President Barack Obama continues to challenge the nation’s largest corporations to hire more young men of color, Starbucks is leading an ambitious effort to hire 100,000 young African-American […]
The U.S. jobs report for June, 2015 was released today over all, things continue to go in the right direction in general. Even unemployment for African Americans edged down slightly to 9.5 percent from 10.2 percent in May, according to the US Dept. of Labor. Unfortunately, Blacks still make up the largest unemployed sector. But […]
WASHINGTON (AP) — Salaried workers who earn nearly $1,000 per week would become eligible for overtime pay under a proposal President Barack Obama unveiled Monday, lamenting that too many Americans are working too many hours for less pay than they deserve. The long-awaited overtime rule from the Labor Department would more than double the threshold […]
Tom: You are joining us this morning with some advice for job seekers. Mellody: I am! We are seeing fresh signs that the job market continues to get better. Americans have enough confidence in the employment outlook they are willing to leave their current jobs and move to new positions, which is great news! […]
