Minimum wage law

EESC gives its input to the debate on decent minimum wages in Europe

Tuesday, September 22, 2020 - 12:07am

The European Economic and Social Committee (EESC) has adopted the opinion Decent minimum wages across Europe following the European Parliament's request for an exploratory opinion.

Key Points: 
  • The European Economic and Social Committee (EESC) has adopted the opinion Decent minimum wages across Europe following the European Parliament's request for an exploratory opinion.
  • Figures show that about one in ten workers in the EU earn around or below the national statutory minimum wage.
  • In some countries, the existing minimum wage floors are currently not sufficient for workers to be lifted out of poverty by employment alone.
  • The EESC said in the opinion that it remained concerned that poverty in general and in-work poverty were still significant problems in many Member States.
  • In its view, fair minimum wages could help reduce poverty among working poor people, combined with person-centred, integrated and active inclusion policies.
  • Wages represent payment for work done, and are one of the factors that ensure mutual benefits for companies and workers.
  • Ensuring that workers across the EU benefit from decent minimum wages must be an essential part of the EU's recovery strategy.
  • For the Workers' Group, it is undisputable that all workers should be protected by fair minimum wages allowing a decent standard of living wherever they work.

BACKGROUND

    • The Commission launched the first phase of the social partner consultations in January 2020, setting out a number of ways in which EU action could prove beneficial in enabling all EU workers to earn a living wage.
    • In June 2020, the second-phase consultations were launched, with the Commission spelling out the policy objectives of a possible initiative: ensuring that all workers in the EU are protected by a fair minimum wage which provides them with a decent standard of living wherever they work.
    • At the same time, the Commission said that access to employment would be safeguarded and the effects on job creation and competitiveness taken into account.

Virtual Payroll Boot Camp: Gain Crucial Insights into 5 Key Areas of Wage & Hour Law

Wednesday, September 16, 2020 - 11:15pm

DUBLIN, Sept. 16, 2020 /PRNewswire/ -- The "6-Hour Virtual Seminar on Payroll Virtual Boot Camp: Wage & Hour" webinar has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Sept. 16, 2020 /PRNewswire/ -- The "6-Hour Virtual Seminar on Payroll Virtual Boot Camp: Wage & Hour" webinar has been added to ResearchAndMarkets.com's offering.
  • This webinar concentrates on five areas of wage and hour law: paying exempt employees, calculating gross wages under the FLSA, deducting from an employee's wages, the nuts and bolts of physically paying employees and changing payroll frequencies.
  • Join renowned payroll expert Vicki M. Lambert, CPP for this 5 and one-half hour 'Boot Camp' format, Wage and Hour Training for Payroll Professionals!
  • By knowing and understanding Wage and Hour requirements, you can help protect your company from what could be a major financial calamity.

Kishore Pallapothu's Award-Winning SkillWiki Sets Goal to Reach & Up-Skill 53 Million American Low-Wage Workers

Wednesday, September 16, 2020 - 1:00pm

The organization's work has helped up-skill millions of low-wage workers to help them move into the higher-wage category.

Key Points: 
  • The organization's work has helped up-skill millions of low-wage workers to help them move into the higher-wage category.
  • This has also been fueling the average wages for mid and higher skilled workers.
  • The organization is based out of San Francisco Bay Area and facilitates training on latest IT skills to such workers.
  • For more information about SkillWiki and its self-less mission, it is recommended to directly contact the Program Director.

CARES Act Monies Go to Companies that Have Defrauded Uncle Sam, Stolen Wages, Broken Health & Safety Rules

Tuesday, September 8, 2020 - 2:50pm

Among the violations are workplace safety issues, flouting of environmental standards, wage theft and defrauding the federal government.

Key Points: 
  • Among the violations are workplace safety issues, flouting of environmental standards, wage theft and defrauding the federal government.
  • 38,362 small businesses received $37 billion in loans though they have paid penalties of $3 billion, mostly for wage theft and jeopardizing worker health and safety.
  • 32 aviation-sector companies received $25 billion in grants and loans despite having paid $600 million in penalties related to issues such as worker safety and discrimination.
  • Additionally, our data show the conclusions apply to healthcare providers and other categories of CARES Act recipients.

The Government of Canada strengthens federal labour standards for work-integrated learning

Tuesday, September 1, 2020 - 2:13pm

The Government of Canada wants to make sure that they are protected while they get that experience, because supporting young Canadians is an investment in the future of our country.

Key Points: 
  • The Government of Canada wants to make sure that they are protected while they get that experience, because supporting young Canadians is an investment in the future of our country.
  • Today, the Honourable Filomena Tassi, Minister of Labour, announced the coming into force of changes to federal labour standards.
  • They will have the same labour standards protections as employees, including the right to be paid at least the minimum wage.
  • They may be unpaid and will be entitled to certain labour standards protections set out in the new regulations.

LMS Reinforcing Steel named in Class Action Lawsuit Filed by its' Employees

Tuesday, July 14, 2020 - 3:00pm

SAN DIEGO, July 14, 2020 /PRNewswire/ -- As of June 17th, 2020, LMS Reinforcing Steel USA, LP (LMS) has been served with a class action lawsuit filed by employees of the company.Class Members are current or former hourly iron worker employees of LMS who claim to be victims of wage-theft by the company.

Key Points: 
  • SAN DIEGO, July 14, 2020 /PRNewswire/ -- As of June 17th, 2020, LMS Reinforcing Steel USA, LP (LMS) has been served with a class action lawsuit filed by employees of the company.Class Members are current or former hourly iron worker employees of LMS who claim to be victims of wage-theft by the company.
  • Class Members are alleging violations of the California Labor Code; Industrial Welfare Commission Wage Order 16; and, California Business and Professions Code 17200.
  • The California and Vicinity District Council of Iron Workers has fought to raise standards with workers in the California construction industry for many years.
  • The California and Vicinity District Council of Iron Workers recently won a $300,000 class action settlement for ironworkers who were being similarly mistreated at Millennium Reinforcing.

Chicago Carpenters Union Scores Another Win in Fight for Fair Wages

Monday, July 6, 2020 - 9:42pm

CHICAGO, July 6, 2020 /PRNewswire/ --The Chicago Regional Council of Carpenters today announced another victory in the union's ongoing fight against wage theft in the building trades.

Key Points: 
  • CHICAGO, July 6, 2020 /PRNewswire/ --The Chicago Regional Council of Carpenters today announced another victory in the union's ongoing fight against wage theft in the building trades.
  • The Chicago Regional Council recently started a full-time fraud department to investigate Prevailing Wage Act violations to keep developers honest and fight for fairness for both workers and Illinois taxpayers.
  • We will continue our fight on behalf of the working class and are committed to holding tax cheats accountable."
  • The Chicago Regional Council of Carpenters represents over 30,000 working men and women from 19 local unions across Illinois and Eastern Iowa.

Payroll Virtual Boot Camp: Wage & Hour Law - ResearchAndMarkets.com

Wednesday, April 22, 2020 - 1:38pm

The "6-Hour Virtual Seminar on Payroll Virtual Boot Camp: Wage & Hour" webinar has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "6-Hour Virtual Seminar on Payroll Virtual Boot Camp: Wage & Hour" webinar has been added to ResearchAndMarkets.com's offering.
  • This webinar concentrates on five areas of wage and hour law: paying exempt employees, calculating gross wages under the FLSA, deducting from an employee's wages, the nuts and bolts of physically paying employees and changing payroll frequencies.
  • Join renowned payroll expert Vicki M. Lambert, CPP for this 'Boot Camp' training for wage and hour payroll professionals.
  • By knowing and understanding Wage and Hour requirements, you can help protect your company from what could be a major financial calamity.

Bank of America U.S. Minimum Hourly Wage Reaches $20

Tuesday, March 31, 2020 - 10:07pm

One year ago, Bank of America announced it would raise its U.S. minimum hourly wage to $20 over a two-year period.

Key Points: 
  • One year ago, Bank of America announced it would raise its U.S. minimum hourly wage to $20 over a two-year period.
  • Bank of Americas increase to paying $20 per hour builds on the companys history of being an industry leader in establishing an internal minimum rate of pay for its U.S. hourly employees.
  • Since 2010, the companys minimum hourly wage has increased by more than 77% (nearly $9 per hour) three years ago, Bank of America raised it to $15; in 2019, it rose to $17; and today, it is $20.
  • Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

Wells Fargo to Raise Minimum Hourly Pay Levels in a Majority of Its U.S. Markets

Wednesday, March 4, 2020 - 8:20pm

Wells Fargo & Company (NYSE: WFC) today announced plans to raise minimum hourly pay levels in a majority of its U.S. markets.

Key Points: 
  • Wells Fargo & Company (NYSE: WFC) today announced plans to raise minimum hourly pay levels in a majority of its U.S. markets.
  • Minimum pay will be tiered based on various factors, including the cost of living in different markets, with the minimum hourly pay ranging from $15 to $20 based on employee location.
  • Wells Fargo will also evaluate the hourly pay for employees whose pay is at or near the new minimum hourly wages announced today.
  • In recent years, Wells Fargo has increased its minimum hourly base pay in the U.S. by 32%, most recently to $15 in March 2018.