Waffle House Announces Wage Hike for Workers Following Pressure from Labor Advocates
Waffle House announces wage increase for workers after pressure from labor advocates. Base pay to start at $3 per hour in June, gradually rising to $5.25 per hour by 2026. Menu prices will be raised to cover costs. Company plans to introduce tenure bonuses and shift premiums. Union of Southern Service Workers organized strikes for higher wages and other demands. Waffle House server in Atlanta expresses optimism about pay raises.
California Fast Food Workers to Receive Minimum Wage Boost
California fast food workers are getting a minimum wage increase to $20 an hour, prompting concerns from business owners about potential price hikes. McDonald’s warns of necessary price increases to offset higher labor costs, despite reporting strong sales growth in 2023. The wage hike also extends to health care employees, sparking debate about the economic impact of raising minimum wages.
30 Occupations Now Regularly Earning Six-Figure Salaries, Seek Data Reveals
Recent data from Seek reveals that 30 occupations now regularly earn six-figure salaries, with wages growth pushing average full-time pay above $100,000 for the first time. The list includes diverse roles in both white-collar and blue-collar sectors, raising concerns about potential impacts on interest rates. Economists anticipate this trend to persist through 2023 and into 2024, potentially influencing monetary policy decisions.
Billionaire Greg Flynn to Benefit from California’s New Minimum Wage Law
Billionaire Greg Flynn, owner of Panera Bread locations in California, is set to benefit from an unexpected exemption in the state’s new minimum wage law. The exemption, which spares chains involved in baking and selling bread as a standalone product, has raised eyebrows and prompted questions about Flynn’s connections to Governor Newsom.
Wage Growth Identified as Key Driver of Consumer Price Inflation
Confidential Treasury analysis reveals that wage growth is the primary driver of consumer price inflation, debunking claims of corporate profit gouging. Concerns are raised about the outlook for wages, productivity, and inflation, with potential implications for interest rates and inflation forecasts.
Lyft Announces Cash Payments for Drivers Falling Below Minimum Fare Share
Lyft is introducing a new initiative to provide cash payments to drivers who do not meet a minimum share of rider fares each week, aiming to enhance pay consistency and transparency. This move is crucial as gig drivers often face income insecurity and lack of transparency in their earnings, leading to dissatisfaction and retention challenges. With Lyft ensuring that drivers earn at least 70% of rider payments each week and providing visibility into payment breakdowns, this initiative is expected to offer greater financial stability and transparency for drivers.
Saskatchewan construction company fined for not paying wages
A Saskatchewan construction company has been fined a total of $1,400 for not paying wages, a news release from the province said. Langman Contracting Inc. pleaded guilty in Assiniboia Provincial Court on Jan. 11 to one violation under The Saskatchewan…