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Discover Latest #Minimum wage News, Articles and Videos with Contenting
3.1 Low-wage workers in the US hit by COVID-19 The COVID-19 pandemic has had a devastating impact on low-wage workers in the United States. According to a study by the Economic Policy Institute, an estimated 5.1 million low-wage workers in the US have been laid off or furloughed since the start of the pandemic. This represents nearly one-third of the total number of workers affected by the crisis. Additionally, the pandemic has further highlighted the need for a national minimum wage increase. Currently, the federal minimum wage in the US is $7.25 an hour, which is well below the poverty line for many families. The effects of the pandemic have also highlighted the need for additional measures to protect vulnerable workers, such as paid sick leave and hazard pay.
Truist invests in innovation, talent in Q4 | Bank Automation News
Truist Financial increased its non-interest expenses in the fourth quarter of 2022 as minimum wage increased and the bank invested in technology, acquisitions, revenue-generating business and call center staff. The $548 billion bank’s adjusted non-interest expenses grew 8% year over year to $3.4 billion, according to its Q4 earnings presentation. WHY IT MATTERS: Although expenses
Solon calls to prioritize bill on higher nurses’ salary as more seek work abroad - BusinessWorld Online
A LAWMAKER renewed his call to pass a bill increasing the minimum wage of nurses working in public health hospitals and clinics, citing the record high number of Filipino nurses that took the United States licensure examinations last year. “In 2022, we had the highest number of Philippine-educated nurses taking the NCLEX (National Council of […]
budget 2023 jobs: Govt cuts funding for rural jobs scheme to Rs 60,000 crore in the next fiscal - The Economic Times
The allocation is lower than the revised Rs 89,400 crore spending outlay for 2022/23, and the smallest since 2017/18. Under the Mahatma Gandhi National Rural Employment Guarantee Act, introduced over 15 years ago, citizens can enrol for work such as building roads, digging wells, or creating other rural infrastructure and receive a minimum wage for at least 100 days each year.