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Brian Sozzi: 'No Clue' How Sears Can Match Wal-Mart's Pay Increase
Thursday, February 19, 2015 - 12:48pm | 119Read More...Brian Sozzi of Belus Capital Advisors told Benzinga that Wal-Mart Stores, Inc.'s (NYSE: WMT) newly-introduced plan to lift pay of its U.S. employees to at least $9 per hour in the first half of this year and introduce better training methods will force Target Corporation (NYSE: TGT) and other...
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Do Minimum Wage Hikes Always Lead To Higher Prices?
Friday, June 13, 2014 - 4:00pm | 436Read More...Does a higher minimum wage necessarily mean higher prices for businesses and, by passing those prices along, consumers? The controversy over income inequality and the U.S. minimum wage has been percolating for some time now. And while the Obama Administration has been pushing for a federal minimum...
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Liveable Wage Protesters Storm McDonald's Annual Shareholder Meeting
Thursday, May 22, 2014 - 1:29pm | 499Read More...Over 100 individuals were arrested on Wednesday during a protest at the McDonald's (NYSE: MCD) corporate headquarters in the run-up to the company's annual share holder meeting on Thursday. The protesters, who are said to have arrived on 32 buses, are seeking higher wages from the fast food...
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Market Wrap For February 19: Stocks Close Lower, Nasdaq Ends Winning Streak
Wednesday, February 19, 2014 - 6:01pm | 2948Read More...U.S. stocks finished the day near session lows as investors found little reason to be bullish. Housing data came in poor and failed to rally the bulls. Several Fed members raised the idea of a rate hike but “participants agreed that, with the unemployment rate approaching 6.5 percent, it would...
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Are Chili's and Applebee's Preparing to Replace Wait Staff With Tablets?
Monday, December 9, 2013 - 2:29pm | 577Read More...At the same time fast food workers are staging a series of one-day strikes in an attempt to force a hike in the minimum wage – fast casual chains like Brinker International's (NYSE: EAT) Chili’s and now, DineEquity's (NYSE: DIN) Applebee’s have taken steps to install electronic tablets at every...
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McDonald's Suggestions for Employees Creates PR Snafu, Draws More Attention to Plight of Low-Wage Workers
Wednesday, November 20, 2013 - 5:05pm | 783Read More...McDonald's (NYSE: MCD) is coming under fire for suggestions it reportedly offered its employees on an in-house, employees-only McResource Line web site, on how to cope with issues like the upcoming holiday financial crunch. According to screen grabs complied by the activist group Low Pay Is Not...
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Job Growth, Minimum Wage Are Back as Hot-Button Issues
Friday, November 8, 2013 - 3:38pm | 434Read More...Jobs and the minimum wage were once again headline issues this week. Job growth got an unexpected boost, according to the Labor Department's employment statistics for October, with nonfarm payroll employment rising by 204,000 for the month. The overall unemployment rate rose slightly to 7.3...
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Taxpayers Foot $1.2 Billion Public Assistance Bill for McDonald's Employees
Thursday, October 17, 2013 - 6:45am | 675Read More...Each year, U.S. taxpayers pay out $1.2 billion in public assistance to workers at McDonald’s (NYSE: MCD), according to a study released Tuesday by the National Employment Law Project. The NELP study used data from another one conducted by economists at the University of California-Berkeley and...
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Young Americans: Luckiest Generation in History
Sunday, August 14, 2011 - 11:37pm | 945Read More...To demonstrate how free market capitalism generates increased prosperity over time for average (or even low-income) Americans, economist W. Michael Cox of the Dallas Federal Reserve has compared the purchases at different points in time from the income earned by a high school graduate or entering...
