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29 April 2021, 03:04 am Amazon has good news for all its workers. The Seattle-based company plans to increase the wages of its workers starting mid-May.  Will the company also implement a $15 hourly pay for minimum wage workers? Amazon's Initiative of Increasing Workers' Hourly Pay (Photo : Amazon) The COVID-19 pandemic has affected a lot of employees. Some have lost their jobs while others have found an alternative to continue sustaining their daily expenses. The latest drive of Amazon sounds interesting for the workers, as it plans to start increasing their hourly pay beginning next month....

Biden executive order EO requiring federal contractors and subcontractors to pay a $15.00 minimum wage to the thousands of workers who are working on or in connection with federal contracts. The new EO Executive Order on Increasing the Minimum Wage for Federal Contractors requires higher minimum wage requirements by early 2022.

Lucy Nicholson/Reuters The economic theory of "Optimum Currency Area" (OCA) might explain why. The US is commonly thought of as an OCA, but $1 goes a lot further in Mississippi than it does in Hawaii. The federal minimum wage is currently at a standstill. President Joe Biden campaigned on raising the minimum wage from $7.25 to $15. But the $15 proposal was struck from his stimulus plan for not meeting the rules of budget reconciliation. Progressives have long been campaigning to hike the minimum wage, but have met with opposition from Republicans as well as more ...

Kena Betancur/VIEWpress/Getty Images A working paper, as first reported by The New York Times, looks at minimum wage raises at major retailers. The authors find "substantial spillovers" from the companies' voluntary minimum wage increases. This includes other firms increasing their wages to the amounts announced at these large companies. In recent years, big companies like Amazon have publicly increased the minimum wage they pay workers. And it turns out those moves can lead to nearby businesses also bumping up their pay, according to a recent working paper.  "I...

Debate Heats Up Over Minimum Wage Increase in 2021 The Morrison government has cautioned that increasing Australia’s minimum wage this year could constrain small business recovery and employment. “Higher labour costs during this challenging period could present a major constraint to small business recovery and may dampen employment in the sector,” the government noted in a submission (pdf) to the Fair Work Commission’s annual review, urging the Commission to consider the job creation and business viability during the post-pandemic economic recovery. “The risk of domestic outbreaks a...