New Tech to Help Curb Distracted Driving, Time for a $15 Minimum-Wage?
On this first trading day of September, stocks are nearing all-time highs. However, investors are perhaps a bit skittish, given that September is traditionally the worst month of the year for stocks, with an average drop of half a percent every year going back to 1950. Will this year be different? Stay tuned. New manufacturing numbers come out Monday, and the August jobs report comes on Friday.
How about a car that can tell if you're distracted while driving? The Financial Times reports that General Motors (NYSE:GM) is working with a company called Seeing Machines to make tracking devices for half-a-million cars in the next three to five years. The technology will reportedly measure head rotation to alert drivers if their eyes are wandering.
The push to raise the minimum wage to $15-per-hour gets more fuel this week. On Thursday, fast food workers - this time joined by home-care aides – reportedly plan to go on strike and engage in civil disobedient movements across the country. Of course, many businesses are critical, arguing that a minimum-wage hike to $15 would wipe out their profits.
Should you get cheaper airfare when you bring your own device on a plane to watch movies and TV? A new survey says yes. Most people think that since the airlines save money, they should pass on those savings.