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Bank of America boosts U.S. minimum hourly wage to $24
Bank of America has announced that it has raised its U.S. minimum hourly wage to $24 per hour, the latest step in the company’s commitment to $25 by 2025. With the increase, the minimum annualized salary for full-time employees in the U.S. will rise to nearly $50,000. The increase applies to all full-time and part-time…
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Global hiring intentions expected to hold steady in fourth quarter
Global hiring intentions are expected to hold steady in Q4 2024, even though the outlook for the quarter ahead was weaker than the corresponding quarter of last year, according to ManpowerGroup’s Employment Outlook Survey. The poll of more than 40,000 employers in 42 countries showed the global hiring outlook for Q4 2024 was slightly higher…
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Job growth rebounds in August
In August, the U.S. economy added 142,000 jobs, a notable increase from July’s revised growth of 89,000, the Labor Department reported on Friday, although it fell short of analysts’ expectations of 160,000. The unemployment rate decreased to 4.2% from 4.3%, yet remains higher than the 3.7% recorded at the year’s start. The report is likely…
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Boeing reaches tentative deal with workers to avert strike
Boeing has reached a tentative agreement with unions representing over 33,000 workers, marking the first full contract in 16 years. The proposed deal, which will be voted on by members on September 12, offers a 25% pay raise over four years, falling short of the unions’ 40% demand. However, it includes improvements in health care…
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Biden administration moves to end subminimum wages for disabled workers
Jackie Alemany, a congressional investigations reporter at The Washington Post, writes about an impending Biden administration move to end subminimum wages for disabled workers. For nearly 90 years, the Fair Labor Standards Act has allowed employers to pay disabled individuals less than the minimum wage, with some earning as little as 25 cents an hour. Activists…
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Boeing’s factory floor workers feel ‘overmanaged and undersupported’
A dozen current or former Boeing employees who spoke with The Seattle Times, as well as interviews with 13 front-line workers conducted during the National Transportation Safety Board’s investigation of the near-catastrophic incident in January when a panel blew off a 737 MAX plane mid-flight, have portrayed consistent problems on the factory floor. Boeing lost institutional…
