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Economist Ernie Tedeschi, who heads the tax analysis department of investment and consulting firm Evercore and previously worked in the US Treasury, believes that the minimum wage in the United States could reach the highest level in history amid several increases in cities and states over recent years. As the New York Times writes, the economist calculated that in 2019 the minimum wage in the country rose to 11.8 dollars per hour. The federal baseline minimum wage for 10 years remains at $7.25 per hour. Washington and 29 states have significantly increased this figure. So, in New York and Seattle, it grew to $15 per hour and higher. In the south of the country and the Midwest, the minimum is set at a federal level of $7.25 per hour. At the same time, the initial salary level for new employees in such large companies as Amazon and Costco is set at $15 per hour.
The second quarter likely saw South Korea’s economy hitting its sharpest downturn in over two decades, a Reuters survey showed on Tuesday. This was mainly from the pandemic dragging the labor market, consumer spending, and global export ...
On Thursday, United Airlines' (UAL.O) and its pilots' union said that they had reached an agreement on two different resolutions to reduce involuntary furloughs in August. The company said that it would keep pilots ready once the global travel ...
On Monday, United Airlines (UAL.O) announced that it would continue adding more flights for international routes in September. The airline company plans to reintroduce flights that were canceled due to coronavirus pandemic. United Airlines ...
On Thursday, airline group Lufthansa and unions representing German cabin crew reached an agreement that is set to reap more than 500 million Euros worth of savings. The German airline group stated in an interview that the measures, assented ...
The longest expansion in U.S. history ended in February with the economy falling into a deep recession as the coronavirus pandemic triggered the shutdown of businesses across the country. The National Bureau of Economic Research (NBER), the ...
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