Upsides and downsides attached to minimum wage hikes
February 16, 2021
The minimum wage in Fresno, CA, is $14 an hour. The rate will rise to $15 next year as part of a 2016 state law that gradually increased the minimum for workers. The result has been that minimum wage workers have seen their quality of life improve. It has also meant, however, that retailers, restaurants and other companies have had to raise prices and keep a tight lid on the numbers of workers they employ. This includes some that have had to lay off employees to make their top and bottom line numbers work.
Recent News
European Commission Readies All Trade Tools Against China
European Commission President Ursula von der Leyen emphasized the EU’s readiness to utilize all available trade tools to safeguard its economies amidst concerns over China’s market practices.
Steward Health Care Files for Bankruptcy Protection
Steward Health Care’s plunge into bankruptcy protection has stirred considerable attention and concern.
Tyson Foods Faces Challenges Amidst Rising Inflation
Tyson Foods Inc. recently saw a significant drop in its shares due to ongoing inflation impacting consumer demand.
Special Offers for National Nurses Week
Nurses play a vital role in healthcare, and their dedication often goes unnoticed. National Nurses Week, spanning from May 6 to 12, aims to acknowledge their hard work.