Minimum wage in South Korea

Wonolo Releases Report Of Top-Paying U.S. Cities for Gig Workers

Retrieved on: 
Thursday, July 23, 2020
Wages and salaries, Economy, Employment, Catholic social teaching, Living wage, Minimum wage, Labor, Temporary work, Minimum wage in South Korea, Minimum wage in the United States

"Now more than ever workers need access to living wage, rather than minimum wage, opportunities," said Wonolo CEO and cofounder, Yong Kim.

Key Points: 
  • "Now more than ever workers need access to living wage, rather than minimum wage, opportunities," said Wonolo CEO and cofounder, Yong Kim.
  • The report available here shows that in markets across the country (Pittsburgh, Phoenix, Las Vegas, New York, New Jersey, Austin, Nashville) the average pay gig workers using Wonolo earn is above the living wage.
  • The report is based on an analysis of tens of thousands of jobs workers accepted through Wonolo between April 2019 and June 2020.
  • Wonolo has more than 100 employees, including in their San Francisco and Nashville headquarters, serving workers and companies across the country.

National Minimum Wage

Retrieved on: 
Friday, February 7, 2020
Minimum wage law, Economy, United Kingdom labour law, Income distribution, Labour law, Minimum wage, National Minimum Wage Act, Parliament of Singapore, Labor, Academic disciplines, Minimum wage in the United States, Minimum wage in South Korea

Latest news on the National Minimum Wage Bill 2019-20

Key Points: 
  • Latest news on the National Minimum Wage Bill 2019-20

    The next stage for this Bill, Second reading,is scheduled to take placeon Friday 26 June 2020.

  • This is a Private Members'Billand waspresented to Parliament on Wednesday 5 February through the ballot procedure.
  • If the text of the Bill is not yet available, please contact its sponsor, Paula Barker MP, for more information.
  • Summary of the National Minimum Wage Bill 2019-20

    A Bill to make provision about the national minimum wage; and for connected purposes.

Small Business Owners Agree Minimum Wage Is Not a "Living Wage;" Split on Whether It Should Increase

Retrieved on: 
Thursday, December 12, 2019
Economy, Wages and salaries, Income distribution, Labour law, Minimum wage, Socialism, Living wage, Minimum wage in the United States, Minimum wage in South Korea

Results show that 43% of small business owners support a minimum wage increase, while 39% do not support an increase.

Key Points: 
  • Results show that 43% of small business owners support a minimum wage increase, while 39% do not support an increase.
  • Additionally, the data highlights that 73% of small business owners agree that the minimum wage in their state is not a "living wage."
  • Small business owners are split on their state's minimum wage:
    44% of business owners believe the minimum wage is too low.
  • A majority of small business owners believe a minimum wage increase would significantly impact their small business:
    55% of business owners believe a higher minimum wage would hurt their business; 16% believe a minimum wage increase would positively affect their business.

Fifth Third Bancorp to Raise Minimum Hourly Wage to $18

Retrieved on: 
Tuesday, August 6, 2019
Professional services, Other Professional Services, Human resources, Finance, Banking, Economy, Income distribution, Labour law, Minimum wage, Socialism, Minimum wage law, Minimum wage in South Korea

Fifth Third Bancorp today announced it will raise its minimum wage to $18 per hour for approximately 4,900 employees beginning Oct. 28.

Key Points: 
  • Fifth Third Bancorp today announced it will raise its minimum wage to $18 per hour for approximately 4,900 employees beginning Oct. 28.
  • With this increase, Fifth Third will have raised its minimum hourly wage by 50% over the past two years.
  • That increase contributed to a 16% year-over-year reduction in employee turnover in 2018 in those jobs most affected by the minimum wage.
  • Notably, the new $18 minimum hourly wage will primarily benefit employees in retail branches and operations support functions such as customer contact centers.

U.S. Wage Growth, for Second Quarter 2019, Accelerated to 4 Percent Over the Year

Retrieved on: 
Wednesday, July 24, 2019
Workforce, Wages and salaries, Income in the United States, Minimum wage in the United States, Minimum wage in South Korea

The growth, accelerating from 3.8 percent to 4.0 percent annual as of June 2019, was driven by strong wage gains for workers in the manufacturing (4.4 percent wage growth, $29.83 hourly wage) and construction (4.4 percent wage growth, $28.65 hourly wage) industries.

Key Points: 
  • The growth, accelerating from 3.8 percent to 4.0 percent annual as of June 2019, was driven by strong wage gains for workers in the manufacturing (4.4 percent wage growth, $29.83 hourly wage) and construction (4.4 percent wage growth, $28.65 hourly wage) industries.
  • From the service sector, information (4.2 percent wage growth, $41.56 hourly wage), trade (4.3 percent wage growth, $25.27 hourly wage), which represents 22 percent of the workforce, and professional and business services (4.1 percent wage growth, $36.45 hourly wage) were the major contributing industries.
  • Female job holders are capturing larger wage gains than their male counterparts.Since January 2019, female job holders received average wage gains of 5 percent, while men averaged wage gains of 4.6 percent."
  • Job switchers in professional and business services and construction also realized high wage growth of 8.3 and 8.7 percent, respectively.

Bank of America to Raise Minimum Wage to $20 per Hour

Retrieved on: 
Tuesday, April 9, 2019
Professional services, Banking, Finance, Human resources, Economy, Labour law, Minimum wage, Socialism, Business, Articles, Minimum wage in the United States, Minimum wage in South Korea

Bank of America today announced that it will raise its minimum wage to $20 per hour over a two-year period.

Key Points: 
  • Bank of America today announced that it will raise its minimum wage to $20 per hour over a two-year period.
  • We are raising our minimum wage because we believe that to best serve our customers and clients, we need the best teams, said Sheri Bronstein, chief human resources officer at Bank of America.
  • Since 2010, Bank of Americas minimum wage has increased by more than $4 per hour two years ago, the company raised it to $15 per hour, and the minimum wage is higher today.
  • For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom .

From Coast to Coast, Employers Required To Pay Higher Minimum Wage

Retrieved on: 
Monday, January 21, 2019
Economy, Labour law, Minimum wage, Socialism, Law, Business, Minimum wage in the United States, Minimum wage in South Korea

In addition, Oregon and the District of Columbia have minimum wage increases scheduled for July 1, 2019.

Key Points: 
  • In addition, Oregon and the District of Columbia have minimum wage increases scheduled for July 1, 2019.
  • For more information, visit http://www.cowdenassociates.com
    1.Burden, Lisa, "New year brings minimum wage hike in 19 states," HR Dive, January 2, 2019.
  • 4.McCusker, James, "Minimum wage increase will have unintended consequences," Herald Business Journal, January 5, 2019.
  • 5.Cooper, David, "Over 5 million workers will have higher pay on January 1 thanks to state minimum wage increases," Economic Policy Institute Working Economics Blog, December 26, 2018.

California's Minimum Wage to Increase to $12 and $11 per Hour

Retrieved on: 
Monday, December 10, 2018
Wages and salaries, United States labor law, Minimum wage law, Wage theft, Wage, Business, Economy, Minimum wage in South Korea

Among its wide-ranging enforcement responsibilities, the Labor Commissioner's Office adjudicates wage claims, inspects workplaces for wage and hour violations, investigates retaliation complaints and educates the public on labor laws.

Key Points: 
  • Among its wide-ranging enforcement responsibilities, the Labor Commissioner's Office adjudicates wage claims, inspects workplaces for wage and hour violations, investigates retaliation complaints and educates the public on labor laws.
  • In 2014, Labor Commissioner Julie A. Su launched the Wage Theft is a Crime multilingual public awareness campaign.
  • The campaign defines wage theft, educating workers on their rights and employers on their responsibilities under California labor laws.
  • DIR protects and improves the health, safety and economic well-being of over 18 million wage earners, and helps their employers comply with state labor laws.