Starbucks and Costco are both raising the hourly wage for employees across the United States in an effort to recruit more workers amid a nationwide labor shortage. Starbucks said in a press release on Oct. 27 that it will be raising nonsalaried workers’ wages to $17 an hour while barista hourly rates will range from…
Starbucks, Costco Raising Worker Wages Amid National Labor Shortage
October 28, 2021
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Starbucks, Costco Boosting Worker Wages Amid National Labor Shortage
October 28, 2021
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Business & EconomyCompaniesCostcoCOVID-19 pandemicemployment rateFederal Reserveinflationpresident joe bidenStarbucksUSUS NewsWalmart
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Starbucks and Costco are raising the hourly wage for their employees across the United States in an effort to recruit more workers amid a nationwide labor shortage. Starbucks said in a statement on Oct. 27 that it will be raising nonsalaried workers’ wages to $17 an hour while barista hourly rates will range from $15 to…
Shipping Problems to Persist Through 2022 Amid Supply Chain Crisis: Economists
October 26, 2021
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Economists expect shipping problems at large ports in the United States as well as the subsequent shortage in goods and price increases to persist into the middle of 2022 amid the ongoing supply chain crisis. Roughly 77 ships are currently waiting outside docks in the Ports of Los Angeles and Long Beach, California, carrying a…
Rare Deadly Bacteria Found in Aromatherapy Product Sold at Walmart: CDC
The Centers for Disease Control and Prevention (CDC) announced Friday it identified a rare and deadly bacteria in an aromatherapy spray that was sold a Walmart stores. Walmart has since recalled the product. Laboratory testing identified the bacteria Burkholderia pseudomallei in the spray called “Better Homes & Gardens Lavender & Chamomile Essential Oil Infused Aromatherapy Room Spray…
Group of 160 Republicans Urge Biden to Fix Supply Chain Crisis Before Considering More Social Spending
A group of 160 Republican lawmakers have sent a letter to President Joe Biden urging him to “reevaluate his priorities” and address the supply chain and ports crisis in the United States before considering additional social spending. The letter was led and signed by Rep. Sam Graves (R-Mo.), the ranking member on the Transportation and Infrastructure Committee, and also…
Truckers Warn Federal Regulators That Drug-Testing Bottlenecks Are Leaving Many Unable to Drive
October 15, 2021
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The Owner-Operator Independent Drivers Association (OOIDA) has warned federal regulators that disruptions affecting drug and alcohol testing pose significant challenges for truck drivers, leaving many of them unable to legally drive. In a letter (pdf) sent to the Federal Motor Carrier Safety Administration on Oct. 13, OOIDA President and CEO Todd Spencer said that disruptions…
Supply Chain Disruptions Force White House to Ask Walmart, UPS, FedEx to Increase Output
Carriers of goods including Walmart, UPS, and FedEx are moving to work more shifts—including 24 hours per day, seven days per week—to address global supply disruptions that have contributed to a surge in inflation, the White House said Wednesday. The update was announced ahead of President Joe Biden’s meeting with the heads of Walmart, FedEx,…
‘Containergeddon’: Supply Crisis Drives Walmart and Rivals to Hire Their Own Ships
October 8, 2021
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LOS ANGELES—The Flying Buttress once glided across the oceans carrying vital commodities like grain to all corners of the world. Now it bears a different treasure: Paw Patrol Movie Towers, Batmobile Transformers, and Baby Alive Lulu Achoo dolls. The dry bulk cargo ship has been drafted into the service of retail giant Walmart, which is…
Walmart to Hire 150,000 US Store Workers Ahead of Holiday Season
Walmart Inc. said on Wednesday it was planning to hire about 150,000 new U.S. store workers, most of them permanent and full-time, in preparation for the busy holiday season. The U.S. retailer also said it would offer extra hours to many of its store workers during the period, days after rival Target Corp. also said…
Combined Fortune of World’s Wealthiest Families Increased 22 Percent in the Last Year
By Entrepreneur Staff Right now, Jeff Bezos, Elon Musk, and Bernard Arnault dominate the ranking of the world’s great billionaires. However, if we talk about entire families, the list changes completely. As reported by Bloomberg, the combined fortune of the 25 richest families of the world increased 22 percent last year and the new list is…
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