Minimum Wage

Yellen said during her confirmation hearing Tuesday that research suggests job losses from a $15 federal minimum wage are "very minimal, if anything."

Some GOP lawmakers are resisting President-elect Joe Biden's proposal to raise the minimum wage to $15 and fold the new requirement into the next COVID-19 relief bill. 

President-elect Joe Biden's effort to raise the federal minimum wage from $7.25 to $15 per hour is estimated to kill as many as 3.7 million jobs, according to a recent nonpartisan analysis by the Congressional Budget Office. 

About 27,900 full-time city employees received a 3% raise.

President-elect Joe Biden is seeking to raise the federal minimum wage to $15 an hour as part of his massive $1.9 trillion coronavirus stimulus proposal, which could deal another financial blow to small businesses already struggling during the pandemic.

The strikes, which are being organized by Fight for $15 and a Union, are demanding just that — a $15 hourly minimum wage and the right to unionize without retaliation.

The president-elect supported prompt action on hiking the federal minimum wage.

Former CKE Restaurants CEO Andy Puzder argues raising the federal minimum wage to $15 an hour depends on the Georgia Senate election.

Despite the pandemic, workers throughout the U.S. will see larger paychecks next year.

"For nearly 50 years, Starbucks has been a leader in providing relevant, industry-leading benefits and a total compensation approach that is best-in-class for both part and full-time employees," a Starbucks spokesperson said in a statement. "Continuing in that tradition, this announcement is the next phase of its commitment to ensuring the well-being of partners with one of the most significant investments to hourly pay in the U.S. in the history of the company."

A strategy the company has used for years can help reduce the effects of external cost hikes, executives say.

President-elect Joe Biden has proposed increasing the federal minimum wage to $15 by 2026, up from the current $7.25. Raising the pay floor would help low-wage workers, Mr. Biden said before the Nov. 3 elections.

The federal minimum wage remains at $7.25.

The current minimum wage in Florida is $8.56.

Ballot Amendment 2 would raise Florida's minimum wage to $15 an hour.

In efforts to prioritize people before profit, the greek yogurt company is paving the way for corporate responsibility amid a global pandemic

White House economic adviser Larry Kudlow ripped Democratic presidential candidate Joe Biden for pledging to raise the federal minimum wage to $15 per hour.

In 2014, Hobby Lobby raised its full-time minimum hourly wage to $15. 

From education and health care, manufacturing and construction through to business and agriculture, American jobs vary in wages.

Billionaire investor Mark Cuban said Thursday that the economy will need a federal minimum wage hike to help workers get back on their feet, especially post-coronavirus.