Labor

pocket money

Washington DC Approves $15 Minimum Hourly Wage

The Washington, D.C., city council on Tuesday approved unanimously a measure to raise the city's minimum hourly wage to $15 by 2020. The city joins with California, New York and ...
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Manufacturing

The Baffling Trends of Lower Productivity and Higher Labor Costs

One key component of growth, which ends up driving gross domestic product (GDP), is the nonfarm productivity reading, followed by unit labor costs. The second look at first-quarter productivity was ...
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unemployed, unemployment, applying to job

The Best (and Worst) States to Be Unemployed

Unemployment in the United States has steadily improved over the past six and a half years. The unemployment rate today is half its mid-recession peak, and non-farm payroll employment has ...
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food preparation

Fast-Food Workers to Unionize

At the quadrennial meeting of the Service Employees International Union (SEIU), organizers of the "Fight for $15" campaign announced that fast-food workers plan to join the union following a vote ...
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trucks

Driverless Trucks Could Leapfrog Driverless Cars as Alphabet Breakaway Otto Gathers Steam

Manhattanites and other major city dwellers may be familiar with two-floor subway elevator operators. These technicians, if we can call them that, serve the purpose of pushing one of two ...
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money

Should CEOs Make 335 Times More Than Average Workers?

The battle over executive pay has gone on for decades, particularly due to cash and stock option rich contracts of chief executive officers. The argument against the practice is that ...
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Southwest Airlines

Southwest, Pilots Union at Odds Over Boeing 737 MAX

Southwest Airlines Co. (NYSE: LUV) and its pilots' union have been negotiating a new contract since the old one expired in 2012. One of the stickier issues is the airline's ...
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Manufacturing

Berkeley: 1 in 3 US Manufacturing Workers Get Public Aid

Between 2009 and 2013, the federal government and the states spent $10.2 billion annually on public safety net programs for 34% of frontline manufacturing production workers and their families who ...
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denim work shirt

US Worker Pay Growing Faster Than Inflation, but Still Slow

In its report on personal income and spending for March, the U.S. Bureau of Economic Analysis data show that personal income in current dollars grew by 0.4% month-over-month, and personal ...
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2016 Chevrolet Cruze

GM to Close 4 Plants Temporarily After Japan Earthquakes

In a brief announcement Friday morning, General Motors Co. (NYSE: GM) said it would begin two-week closures at four North American manufacturing plants as a result of supply chain problems ...
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Worker on strike

Can Verizon Beat the Unions? Putting the Current Strike in Historical Perspective

Strikebreakers are hard at work at Verizon Communications Inc. (NYSE: VZ), some working 12-hour shifts to fill in for some 40,000 union workers on strike since April 13. Verizon is ...
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ThinkstockPhotos-115890147

Why Target Just Raised Its Minimum Wage

Target Corp. (NYSE: TGT) announced this week that it would raise the minimum wage for its workers to $10 an hour. Investors are speculating whether this is a public relations ...
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Jobless

1 Million People Still Out of Work in California

The unemployment rate in March in California was 5.4%. However, the state's labor force is so large that 1,020,019 people were out of work, according to the U.S. Bureau of Labor ...
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Oil worker

Oil Prices Whipsawed by Doha Failure, Kuwaiti Strike

Oil field workers in Kuwait walked off their jobs Sunday, cutting production from the country by 60%. The strike was timed to coincide with the producing nations' meeting taking place ...
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Worker on strike

More Strikes, Protests Demand $15 Hourly Wage

According to a report released Wednesday by the National Employment Law Project (NELP), nearly 17 million low-paid workers have seen wage increases since November of 2012. The increases are a ...
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