Minimum wage in the United States

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

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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.

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

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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

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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

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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

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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

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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.

ConcordRENTS Raising Minimum Wage to $20 per Hour

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Monday, June 7, 2021

Wages and salaries, Economy, Labor, Minimum wage law, Catholic social teaching, Living wage, Minimum wage, Articles, Wage, Minimum wage in the United States

MAITLAND, Fla., June 07, 2021 (GLOBE NEWSWIRE) -- ConcordRENTS, the leading affordable multifamily-housing provider in Central Florida, announced plans to increase the minimum wage for all full-time employees to $20 per hour.

Key Points:

MAITLAND, Fla., June 07, 2021 (GLOBE NEWSWIRE) -- ConcordRENTS, the leading affordable multifamily-housing provider in Central Florida, announced plans to increase the minimum wage for all full-time employees to $20 per hour.
ConcordRENTS has been a leader in providing a living wage to its employees since initially adopting a $15 per hour minimum wage in 2019.
ConcordRENTS will again challenge this standard by increasing its living wage by $1.00/hour per year over each of the next five years to ensure no full-time employee is making less than $20.00 per hour by 2026.
If you would like to learn more about ConcordRENTS and its commitment to employees and the community, visit ConcordRENTS.com

Rivers Casinos in Pittsburgh and Philly Raise Non-Tipped Minimum Wage to $15 Per Hour

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Friday, June 4, 2021

Rush Street Gamings two Pennsylvania operations, Rivers Casino Pittsburgh and Rivers Casino Philadelphia, are adopting a $15 per hour minimum wage for non-tipped employees property-wide.

Key Points:

Rush Street Gamings two Pennsylvania operations, Rivers Casino Pittsburgh and Rivers Casino Philadelphia, are adopting a $15 per hour minimum wage for non-tipped employees property-wide.
Notably, tipped employees at both Rivers Casinosthose who earn an hourly rate plus gratuitiesalready take home above $15 per hour.
Were proud to be an employer of choice in casino gaming, said Bud Green, assistant general manager of Rivers Casino Pittsburgh.
Rush Street Gaming plans to implement the $15 non-tipped minimum wage at all Rivers Casinos, unless otherwise precluded by existing labor agreements.

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

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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.

Bank of America Increases US Minimum Hourly Wage to $25 by 2025

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Tuesday, May 18, 2021

Hispanic, Banking, Professional services, Consumer, Wages and salaries, Economy, Minimum wage in the United States, United States labor law, Minimum wage, Wage, Articles, Labor

b'Today, Bank of America announced it will raise its U.S. minimum hourly wage to $25 by 2025.

Key Points:

b'Today, Bank of America announced it will raise its U.S. minimum hourly wage to $25 by 2025.
In March last year, the company raised its U.S. minimum wage to $20 per hour.\nIn addition, Bank of America announced that all its U.S. vendors are now required to pay their employees dedicated to the bank, at or above $15 per hour.
Since 2010, the company\xe2\x80\x99s minimum hourly wage will have increased by more than 121% (an increase of nearly $14 per hour).
In the last four years, Bank of America raised the minimum hourly wage to $15; in 2019 it rose to $17 and in 2020, to $20 \xe2\x80\x94 one year ahead of schedule.\nBank of America\xe2\x80\x99s pay-for-performance philosophy reinforces the company\xe2\x80\x99s core values and culture by inspiring employees to do great work, encouraging and retaining talent, and building trust within teams.