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Added on the 03/05/2019 12:12:10 - Copyright : Wochit
San Salvador, Aug 1 (EFE) .- A 20 per cent increase to the basic salary came into effect Sunday in El Salvador, so the minimum wage will reach 365 dollars.(Camera: VLADIMIR CHICAS)SHOT LIST: B-ROLL OF THE STREETS OF SAN SALVADOR AND COMMERCE IN SAN SALVADOR, EL SALVADOR.
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Former Federal Reserve Chair Janet Yellen is now being confirmed for another top job--that of Treasury Secretary in the Biden administration. And according to Business Insider, she says raising the minimum wage to $15 an hour would have little to no impact on employment. Democrats support raising the minimum wage, but it remains a partisan issue due to its potential effects on the economy. GOP lawmakers consistently argue that raising the minimum wage would cost the country millions of jobs. However, Yellen said Tuesday that a $15 minimum wage increase wouldn't significantly impact the job market.
The price of US housing in the third quarter of 2020 saw the biggest year-over-year jump since 2013. Markets Insider reports the median price for a single-family home rose 12%, mainly fueled by record-low mortgage interest rates. But there's a downside: Not every American is benefitting from the rally. In fact, Q3 saw the proportion of first-time homebuyers drop to just 31%. That's the lowest share in over 30 years. As home prices significantly outpace median family income growth, more Americans have been pushed out of the housing market and have had to delay homeownership.
Hong Kong, Oct 21 (EFE/EPA).- Hong Kong's flag carrier Cathay Pacific announced Wednesday it would lay off 5,900 employees and close low-cost subsidiary Cathay Dragon following corporate restructuring in response to the coronavirus's effect on aviation."The restructuring will enable the company to secure its future, so it can protect as many jobs as possible, whilst meeting its responsibilities to the Hong Kong aviation hub and its customers," the carrier said in a statement. (Camera: JEROME FAVRE). SHOT LIST: B-ROLL OF THE HEADQUARTERS OF CATHAY PACIFIC AIRWAYS, IN HONG KONG.
Business Insider reports roughly 34,000 current and former McDonald's fast-food workers in California are due a check for as much as just under $4000. McDonald's has agreed to settle with workers for a total of $26 million in a case originally filed in 2013, over wage theft by the company. Workers say the company engaged in illegal practices in various ways. McDonald's allegedly failed to pay all wages when due, failed to provide meal and rest breaks for workers, and failed to pay overtime wages or minimum wage. Workers will receive checks for an average of just over $333.
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