Minimum wage

Fraser Institute News Release: 92% of minimum-wage earners in Canada don’t live in low-income households

Retrieved on: 
Thursday, October 28, 2021
Bangladesh Technical Education Board, Clothing, Minimum wage, Who, Ageing, Income, Family, Food, Housing, GLOBE, Fraser Institute, Parent, Public policy, Working poor, Health insurance, Toy

VANCOUVER, British Columbia, Oct. 28, 2021 (GLOBE NEWSWIRE) -- Despite misperceptions, the vast majority of minimum-wage earners dont live in low-income households, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.

Key Points: 
  • VANCOUVER, British Columbia, Oct. 28, 2021 (GLOBE NEWSWIRE) -- Despite misperceptions, the vast majority of minimum-wage earners dont live in low-income households, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
  • The fact is most minimum-wage earners are teenagers or young adults under the age of 25 and many live with their parents, said Ben Eisen, senior fellow at the Fraser Institute and co-author of Who Earns the Minimum Wage in Canada?
  • The study finds that 92.3 per cent of Canadas minimum-wage earners dont live in low-income families, as defined by Statistics Canadas Low Income Cut-off (a household with income below the cut-off will likely devote a larger share of its income on food, clothing and housing than the average family).
  • Only 2.2 per cent of all minimum-wage earners in the country are single parents with young children.

Tapestry Takes Action to Drive Positive Change for People, Planet and Community

Retrieved on: 
Wednesday, July 28, 2021
Luxury, Human resources, Specialty, Professional services, Philanthropy, Home Goods, Fashion, Foundation, Other Philanthropy, Retail, Economy, Tapestry, Inc., Articles, Stakeholder, Minimum wage in the United States, Minimum wage, Academic disciplines

First, the Company has formed a new Tapestry Foundation to advance access and equity initiatives and to combat climate change.

Key Points: 
  • First, the Company has formed a new Tapestry Foundation to advance access and equity initiatives and to combat climate change.
  • In addition, Tapestry is taking further action to accelerate and amplify its Our Social Fabric corporate responsibility agenda to effect positive change.
  • Tapestry is also committing to a $15 U.S. minimum wage for hourly employees and a special appreciation bonus to its global store employees.
  • By taking actions that bring our purpose and values to life, we are embracing our responsibility as a global fashion company to affect positive change for our industry and our stakeholders.

Wage Growth Among U.S. Job Switchers Increased 5.8 Percent Since June 2020 as Businesses Struggle to Attract Workers

Retrieved on: 
Wednesday, July 28, 2021
Wages and salaries, Articles, Macroeconomics, Wage Growth, Economy, Employment, Labor, United States labor law, Minimum wage

These dimensions include employment growth, job switching, wage growth and hours worked.

Key Points: 
  • These dimensions include employment growth, job switching, wage growth and hours worked.
  • In addition to the macro data presented in the report, there are also segment-specific findings by industry, state, gender, age, experience, and pay level.
  • Established in October 2014, the report methodology was updated in April 2018 utilizing monthly data to include additional data points and deeper insights.
  • The wage growth is calculated from the 12 month moving average of wage growth.

The Thunderbird Inn Is First In Savannah, Georgia's Tourism Industry To Announce $15/Hour Minimum Wage

Retrieved on: 
Saturday, July 17, 2021
Socialism, Income distribution, Labour law, Minimum wage, Economy, Articles, Labor

Mark A. Thomas, general manager, advises that the retro-themed hotel is the first among locally owned, tourism and hospitality businesses in coastal Georgia to announce the minimum wage increase.

Key Points: 
  • Mark A. Thomas, general manager, advises that the retro-themed hotel is the first among locally owned, tourism and hospitality businesses in coastal Georgia to announce the minimum wage increase.
  • Effective July 1, 2021, The Thunderbird Inn will launch its $15/hour starting salary as an experiment.
  • While the inn's wage increase is earmarked also to attract highly qualified staff, Thomas points to the brand's authenticity in this shift.
  • This inn must match that with its steady, working team of fun people, too happy, knowledgeable, dependable, personable, smart, and eager to please!"

S&C Electric Company Increases Minimum Wage for U.S. Production Team Members; Now 20 Percent Above Chicago Minimum

Retrieved on: 
Thursday, July 15, 2021
Articles, Economy, Labor relations, Employee stock ownership, Minimum wage

This pay-rate increase applies to all existing and future U.S.-based employees, benefiting more than 2,000 employees and their families.

Key Points: 
  • This pay-rate increase applies to all existing and future U.S.-based employees, benefiting more than 2,000 employees and their families.
  • "As a 100% employee-owned corporation in the U.S., caring for our team members has always been at the core of our culture.
  • "We have always prided ourselves on offering above the local minimum wage to hourly employees, while also creating a workplace that encourages growth and development across all positions within the company.
  • The mission of employee-owned S&C Electric Company is to continually develop new solutions for electricity delivery, fostering the improved efficiency and reliability required for the intelligent grid.

Locally Led Bridgewater Bank Raises Minimum Wage to $20 Per Hour

Retrieved on: 
Tuesday, July 13, 2021
Banking, Other Professional Services, Professional services, Finance, Economy, Wages and salaries, Labor, Minimum wage law, Income distribution, Minimum wage, Articles, Wage, Minimum wage in the United States, Tipped wage

Bridgewater Bank, a leading Twin Cities bank focused on meeting the unique needs of successful individuals and entrepreneurs and a subsidiary of Bridgewater Bancshares, Inc. (Nasdaq: BWB), announced today that it has raised its minimum wage to $20 per hour for all regular, full-time employees, effective August 1, 2021.

Key Points: 
  • Bridgewater Bank, a leading Twin Cities bank focused on meeting the unique needs of successful individuals and entrepreneurs and a subsidiary of Bridgewater Bancshares, Inc. (Nasdaq: BWB), announced today that it has raised its minimum wage to $20 per hour for all regular, full-time employees, effective August 1, 2021.
  • Bridgewater Bank is believed to be one of the few local Minnesota companies to establish a $20 per hour minimum wage.
  • The change represents an 11 percent increase in the banks existing minimum wage and benefits 14 percent of its full-time employee base.
  • Minnesotas current minimum wage for large employers is $10.08 per hour, which is $2.83 higher than the federal minimum wage.

Federal minimum wage of $15 per hour to come into effect on December 29, 2021

Retrieved on: 
Wednesday, June 30, 2021
Economy, Labor, Labor relations, Work, Minimum wage law, Income distribution, Labour law, Minimum wage, Minimum wage in the United States

In Budget 2021, the Government of Canada proposed to establish a federal minimum wage of $15 per hour, rising with inflation.

Key Points: 
  • In Budget 2021, the Government of Canada proposed to establish a federal minimum wage of $15 per hour, rising with inflation.
  • Today, the Government is announcing that this important change will come into effect on December 29, 2021, following Royal Assent to Budget Implementation Act, 2021, No.
  • A freestanding federal minimum wage was recommended by the Expert Panel on Modern Federal Labour Standards in 2019.
  • The Prime Minister gave the Minister of Labour a mandate to improve labour protections in the Canada Labour Code, including increasing the federal minimum wage to at least $15 per hour.

Benzinga Reports: Almost a third of states with lower than average projected family income have a higher than average unemployment rate, data study find

Retrieved on: 
Monday, June 21, 2021
Economy, Articles, Labour law, Labor, Income distribution, Minimum wage, Socialism, Unemployment, Minimum wage in the United States, Minimum wage law

While only the District of Columbia has adopted a $15.00 minimum wage, many states (about half) have upped their minimum wage beyond the federally mandated minimum of $7.25.

Key Points: 
  • While only the District of Columbia has adopted a $15.00 minimum wage, many states (about half) have upped their minimum wage beyond the federally mandated minimum of $7.25.
  • Using data from several government databases tracking pandemic unemployment and minimum wage trends, Benzinga found unemployment rates dropped roughly 8% on average nationwide year-over-year from 2020 to 2021, while minimum wage rose 3.41% in that same period nationwide.
  • Further, almost a third of states with a lower than average projected family income have a higher than average unemployment rate at the time of publication.
  • Over half of states currently have a minimum wage above the national average with close to a quarter of these states reporting a higher than average year-over-year drop in unemployment rates from 2020 to 2021.

Highlights - Adequate minimum wages - consideration of amendments - 15.06.2021 - Committee on Women's Rights and Gender Equality

Retrieved on: 
Thursday, June 10, 2021
Economy, Income distribution, Labour law, Minimum wage, Socialism, Articles, Labor, Employment, Minimum wage in the United States, Minimum wage law

This is especially relevant having in mind that some studies show that while women constitute 48% of employees at the EU, they make up 59% of minimum wage earners.

Key Points: 
  • This is especially relevant having in mind that some studies show that while women constitute 48% of employees at the EU, they make up 59% of minimum wage earners.
  • In fact, the majority of minimum wage earners in Europe are women.
  • Women are too one of the main sub-minimum wage earners as well are young workers, workers with lower education, or rural workers with dependent children.
  • This is key in some sectors that have proved to be essential during the COVID19 pandemic.

Intellihot Implements $15/Hour Minimum Wage for Hourly Employees

Retrieved on: 
Wednesday, June 9, 2021
Economy, Income distribution, Labour law, Minimum wage, Articles, Labor, Minimum wage in the United States

GALESBURG, Ill., June 9, 2021 /PRNewswire/ --In a company-wide town hall meeting last week, Intellihot announced it is raising the company's minimum wage to $15/hour.

Key Points: 
  • GALESBURG, Ill., June 9, 2021 /PRNewswire/ --In a company-wide town hall meeting last week, Intellihot announced it is raising the company's minimum wage to $15/hour.
  • By taking this action, Intellihot ensures its standing as one of the best-paid organizations in the region.
  • Years ahead of the State of Illinois' mandate for a $15 minimum wage effective Jan. 1, 2025, Intellihot believes raising the company's minimum wage now is the right thing to do for the company, the community, and for employees, especially in this time of rapid growth as the company pioneers new technologies and increases sales.
  • Our move to attract and retain a skilled workforce starts with the first step of a $15 minimum wage," said Sridhar Deivasigamani, Intellihot CEO and founder.