Income distribution

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!"

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.

Tel-Instrument Electronics Reports Net Income of $600K for FY 2021

Retrieved on: 
Tuesday, June 29, 2021
Defense, Air, Transport, Aerospace, Manufacturing, Contracts, Articles, Income distribution, Market socialism, Universal basic income, Economy

Operating income declined sharply to $73,000 versus $2,552,492 million in the year ago period.

Key Points: 
  • Operating income declined sharply to $73,000 versus $2,552,492 million in the year ago period.
  • Net income was $600,057 for fiscal year 2021 as compared to $4,736,490 in fiscal year 2020.
  • This equated to $0.09 per share basic income per common share and $0.12 per share on a fully diluted basis.
  • The Companys cash balance on March 31, 2021, was $5.5 million, including the $2 million of restricted cash to support the appeal bond.

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.

83% Growth of Asian-Headed Households Hides Significant Inequality

Retrieved on: 
Thursday, May 27, 2021
Social inequality, Contents, Economy, Articles, Distribution of wealth, Economic globalization, Economic inequality, Libertarian theory, Occupy Wall Street, Income distribution, Inequality

SEATTLE, May 27, 2021 /PRNewswire/ --The number of Asian-headed households grew by 83% in the past two decades, far exceeding Latinx, Black, and white household growth.

Key Points: 
  • SEATTLE, May 27, 2021 /PRNewswire/ --The number of Asian-headed households grew by 83% in the past two decades, far exceeding Latinx, Black, and white household growth.
  • New Zillow research reveals the reality the Asian-American population -- the smallest but fastest growing racial or ethnic group in the U.S. -- faces regarding homeownership and income inequality.
  • "Asian households are often upheld as an economic success story high incomes, homeownership rates, and other positive metrics point to a relatively prosperous demographic.
  • While most signs point toward prosperity, income inequality is rising most rapidly among Asian-Americans, and the income distribution among Asian households is currently the most unequal in the country.

Jobot Recruiting Firm Raises Minimum Wage to $25 an Hour for All Consultants in the U.S.

Retrieved on: 
Tuesday, May 25, 2021
Consulting, Professional services, Technology, Software, Human resources, Income distribution, Labour law, Minimum wage, Socialism, Economy, Articles, Academic disciplines

Jobot announces that all U.S.-based consultants will make no less than $25 an hour or $60,000 per year salary.

Key Points: 
  • Jobot announces that all U.S.-based consultants will make no less than $25 an hour or $60,000 per year salary.
  • The change comes as Jobot, the leading staffing and recruiting firm, expands to more than 300 recruiters and a growing number of consultants around the nation.
  • Having a livable minimum wage is one of our core values at Jobot, and we are thrilled to be able to provide a $25 an hour minimum wage to all of our consultants nationwide, says Jobot CEO and Founder Heidi Golledge.
  • This unique blend of technology and expert recruiting skills make recruiting top talent and building a positive work culture within reach.

Wonolo Releases List Of Top 5 Markets Where Gig Workers Are Experiencing Rising Pay Amid Labor Shortage

Retrieved on: 
Thursday, May 20, 2021
Economy, Income distribution, Labour law, Minimum wage, Articles, Living wage, Labor, Fight for $15, Minimum wage in the United States

Companies not Wonolo propose the pay to offer workers and workers decide which jobs they accept.

Key Points: 
  • Companies not Wonolo propose the pay to offer workers and workers decide which jobs they accept.
  • And we\'ve been encouraging companies to pay workers a Living Wage rather than a minimum wage.
  • We expect the labor shortage will force companies to do even more to get workers in the door.
  • "\nThe increase in pay in these markets doesn\'t show exactly why companies are raising pay.