The Congressional Budget Office analyzed the impact of lifting the $7.25 federal minimum wage to $15 by 2025. The House is expected to vote next week on a bill to lift the federal minimum.
For years after the Great Recession, employers were reluctant to boost wages. Now a tight labor market is giving workers the leverage they need to demand a larger slice of the nation's economic pie.
Employers added far more jobs than expected in April — another sign the U.S. economy is chugging along as the expansion nears the 10-year mark. The unemployment rate was the lowest since 1969.
Employers added 196,000 jobs in March, bouncing back from February's weak growth, the Labor Department said Friday. The jobless rate was unchanged at nearly 50-year lows.
It's the Democrats' latest attempt to raise the federal minimum wage to $15 from $7.25 by 2024. Amazon and several presidential candidates support the bill, though it faces high hurdles in the Senate.
President Trump and former President Obama both claim credit for the good economy. Democrats argue that Trump inherited an economy that was already strong while Republicans insist he turned it around.
Some workers say wages and living conditions have improved. Farms have also committed to providing five annual paid sick days, five paid vacation days and to meet housing health and safety standards.
The economy continued to add jobs at a steady pace last month and the unemployment rate remained low. Analysts have been looking for signs that wage growth might pick up, but it held steady, too.
The job market is booming and the economy is expanding. So why aren't wages keeping pace? That's the wage puzzle, and some economists and employers offer explanations they say help explain it.
America's workers are subject to more physical harm and emotional stress than you might think, but many of these challenges can be mitigated by a good boss and good friends.
It's taken years since the Great Recession, but wages are showing signs of climbing — though not very quickly. Economists say there are reasons to believe wage growth could continue into 2017.
Trump brought out a lot of his greatest hits: slamming trade deals, claiming the economy is failing and touting his poll numbers. But he strayed from the facts several times.
The Labor Department's latest jobs report shows that average hourly earnings have risen by 2.8 percent since last year, outpacing inflation. Economists say that will boost consumer spending.
Since the last presidential election, a growing economy has sent the unemployment rate plunging. That improvement has changed the political conversation, but it hasn't stopped worries about wages.
New research shows rents rising while wages mostly stay stagnant in Utah.
The Salt Lake Tribune reports experts are seeing more residents in the state who are one medical bill or other financial emergency away from becoming homeless.
The latest jobs report showed a surprisingly strong hiring surge, with employers adding 242,000 jobs last month. But a pinch in earnings and hours disappointed those looking for a pickup in paychecks.
Most jobs added since the recession are going to workers either in the top third or the bottom third of income. Those in the middle are getting squeezed out — especially men.
Friday's jobs report showed tepid wage growth in April. Hours after its release, President Obama gave a speech arguing that a new trade deal would strengthen the labor market. Opponents disagree.
