Young Women Leave Jobs for More Money
New York magazine’s Ann Friedman recently offered advice for employers who’d like to attract and retain top female talent: “Pay us enough that if you were to accidentally email the entire office a spreadsheet containing everyone’s salary, you wouldn’t be ashamed.” The column, “One Weird Trick To Keep Female Employees From Quitting,” highlighted a psychological effect of wage disparities: They’re a real morale killer. Friedman cited a...
Economy Adds a Surprising 271,000 Jobs
Washington — An unexpected surge of hiring last month accompanied by strong wage gains suggests that the U.S. labor market remains solid and increases the likelihood that the Federal Reserve will make its first interest rate increase in nearly a decade next month. The Bureau of Labor Statistics said Friday that employers across a broad spectrum of industries added a net 271,000 new jobs in October. That is far more than most analysts’...
Consumer Confidential: Millionaire CEOs Should Support a Living Wage for Fast-Food Workers
Business leaders have every right to voice concerns about a $15-an-hour minimum wage. Anything that could cut into profits is a legitimate worry for companies. But the spectacle of millionaire CEOs opposing a living wage for their workers serves only to highlight the obscene income gap between those at the top and everyone else whose contributions help keep the corporate wheels turning. Sally Smith, chief executive of the restaurant...
Study: $15 an Hour Would Not Increase Fast Food Prices Much
Washington — Would you pay 17 extra cents for a Big Mac if it meant the person who prepared it could earn a living wage? What about an extra 30 cents each time you ate out at any fast-food restaurant? These are the small prices we would have to pay on average to ensure that fast-food workers around the country earned an hourly wage of $15, according to a new study by researchers at Purdue University’s School of Hospitality and Tourism...
Franchisees Fighting $15 Wage in N.Y.
New York — Gov. Andrew Cuomo wants to have it his way with New York’s fast-food industry — and restaurant owners aren’t loving it. Franchise owners say they’re considering a lawsuit against Cuomo’s plan to raise the minimum wage in their eateries to $15 an hour, arguing that it is not fair or legal to be saddled with such a significant increase in labor costs that won’t apply to retail, landscaping, child care or other traditionally...
