Bank of America Corp. said on Wednesday it had raised its U.S. minimum hourly wage to $21, as it works to keep its promise of increasing the pay to $25 an hour by 2025. Bank of America in May disclosed plans to raise its minimum wages for its U.S. employees, joining a clutch of firms…
UK’s Johnson Vows to Move Towards High-Wage, Low-Tax Economy
British Prime Minister Boris Johnson has vowed to reshape the UK economy towards a “high-wage,” “low-tax” system, despite his recent decision to raise taxes in violation of his own election pledge. Speaking at the annual conference of the ruling Conservative Party on Wednesday, Johnson said his economic vision can be achieved through controlled immigration and…
UK Set for Most Widespread Pay Rises in Over a Decade, Says CBI
September 20, 2021
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LONDON—More British employers are planning pay rises than at any time since the global financial crisis as they struggle to recruit staff following the coronavirus pandemic and Brexit, data from the Confederation of British Industry (CBI) showed on Monday. The CBI said 44 percent of businesses intended to raise pay in line with inflation and…
Senate GOP Uses Filibuster, Blocks Democrat-Backed Paycheck Fairness Act
Senate Republicans on Tuesday used the filibuster to block a Democrat-backed bill that would address the “wage gap” that allegedly exists men and women. The Paycheck Fairness Act, which faced significant opposition, failed by a vote of 49-50, falling short of the 60-vote threshold needed to overcome the filibuster. Sen. Kirsten Gillibrand (D-N.Y.) missed the…
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