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Analysts Explore Restaurant Industry at $15 an Hour

As the country tracks toward a $15 federal minimum wage, two analysts took a look at what it would mean for the restaurant space. Peter Saleh of BTIG and Michael Halen of Bloomberg both released reports. A $15 minimum wage is part of the Democratic platform. The latest look at the plan was a phased approach from the current minimum wage of $7.25 to $15 by 2026. The broad change under a new federal minimum is not the whole picture. Many states are raising wages under their own plan. Dozens of st...
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New Yorkers filed fewer jobless claims last week

New Yorkers filed fewer jobless claims last week But coronavirus impact remains headwind for economy FacebookTwitterEmail ALBANY — The Capital Regions job market continued to show deep losses in December, according to new data released Thursday by the state Department of Labor. The number of jobs  in the five-county metro fell by 45,600, or 9.5 percent, to 434,400, from 480,000 a year earlier. Meanwhile, jobless New Yorkers filed 60,909 initial claims for unemployment insurance benefits in t...
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South Florida Residents React to Biden Stimulus Plan

Updated on January 15, 2021 at 7:38 pm NBC Universal, Inc. Some folks who were in line at a drive-through food distribution site in Miami Springs Friday were glad to hear there may be a third stimulus check coming their way. “I’m on social security, my son’s on disability. Anything that we can get to help us is great,” said one South Florida resident. The checks were announced last night by President-elect Joe Biden as part of his new stimulus plan. Download our mobile app for iOS to ...
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How would President-elect Joe Biden's proposed minimum wage hike impact Florida?

How would President-elect Joe Bidens proposed minimum wage hike impact Florida? Biden plan is ambitious. ... little like a wish list, economist says As the pandemic keeps taking a toll on the U.S. economy, President-elect Joe Biden is looking to give millions of Americans a raise. and last updated 2021-01-16 14:12:12-05 WEST PALM BEACH, Fla. — As the pandemic keeps taking a toll on the U.S. economy, President-elect Joe Biden is Travis Stuart of Palm Beach County said he feels fortunate to...
United States Palm Beach County Mark Hamrick Travis Stuart Joe Biden President Elect Joe Biden
Source: wptv.com

How would Biden's proposed minimum wage hike impact Florida?

How would Bidens proposed minimum wage hike impact Florida? January 15, 2021 at 5:55 PM EST - Updated January 16 at 2:15 PM As the pandemic keeps taking a toll on the U.S. economy, President-elect Joe Biden is Travis Stuart of Palm Beach County said he feels fortunate to have a job. "I see families in my community they line up for food boxes at the churches and stuff, and two years ago it wasnt like that," Stuart said. Travis Stuart, a Palm Beach County resident, says he is concerned by t...
United States Palm Beach County Mark Hamrick Travis Stuart Joe Biden President Elect Joe Biden
Source: wflx.com

Delta Lost More Than $12 Billion Last Year - The New York Times

Delta Lost More Than $12 Billion Last Year Last Updated This briefing has ended. Follow our latest coverage of Empty Delta ticket counters at Salt Lake City International Airport in April. The airline reported a loss of nearly $12.4 billion for 2020.Credit...Rick Bowmer/Associated Press Delta Air Lines lost $755 million in the fourth quarter, bringing its losses to nearly $12.4 billion in 2020, a year in which the airline industry was battered by a pandemic that crippled air travel. “Our De...
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