Worker Pay in U.S. Climbed at Faster Pace in Third Quarter
Washington — Wages and salaries rose in the third quarter at a faster pace as the U.S. labor market continued to make progress. The 0.6 percent advance followed a 0.2 percent increase in the previous quarter that was the smallest in data going back to 1982, a Labor Department report showed Friday. The employment cost index, which also includes benefits, also rose 0.6 percent, matching the median forecast in a Bloomberg survey....
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...
McDonald’s Still Facing Pressure on Labor Issues Despite Pay Increase
New York — A pay bump for workers at some McDonald’s restaurants isn’t likely to ease the pressures the chain is facing over labor issues. McDonald’s said last week it would raise wages for workers at its company-owned U.S. restaurants, which represent only about 10 percent of more than 14,300 locations. It also said it would offer paid time off for some workers. The move marks the first time McDonald’s has set a national policy on...
