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The Latest Breaking News from Minimum Wage

Bank of America CEO admits that AI is shrinking some departments even as bank boosts minimum wage to $25

“The key to that is really redeploying people and re-skilling them,” Brian Moynihan said on Bloomberg TV, adding that he hopes to redeploy, not replace.

Fortune

Business Groups Failed to Stop L.A.’s ‘Olympic Wage’ Increase. But the Battle’s Not Over.

Minimum wage increases will kick in for hotel and airport workers leading up to the 2028 Olympics after a referendum effort fell short. An industry coalition has cried foul.

Capital & Main

McDonald's Declares War on Tipping Culture as It Quits US Restaurant Association: 'Pay Your Staff Properly!'

McDonald's exits National Restaurant Association over tipped wage dispute, with CEO Chris Kempczinski calling for equal minimum wages across the industry.

International Business Times UK

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McDonald’s CEO is grappling with a ‘two-tier economy’ as he slashes prices on value meals—and signals backing for a minimum wage increase

“Particularly with middle- and lower-income consumers, they’re feeling under a lot of pressure right now,” Chris Kempczinski said on CNBC.

Fortune

McDonald’s CEO says Trump’s no tax on tips creates ‘uneven playing field’ for its restaurants, which don’t get ‘customers to pay’ for labor

Chris Kempczinski raised concerns that restaurants paying tipped workers a lower minimum wage were getting an extra boost from the White House’s new provision.

Fortune

Will Raising Federal Minimum Wage to $15 Ever Happen?

In the U.S., people cannot legally work for less than the federal minimum wage. However, at a low rate of $7.25 per hour, many believe it's not enough.

GOBankingRates

‘He’s brazenly anti-worker’: US marks the first Labor Day under Trump 2.0

Advocates say Trump has hurt workers in many ways, often by cutting their pay or making their jobs more dangerous

The Guardian - US

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Indonesia protests: president scraps lawmakers’ perks in bid to calm tensions

Police set up checkpoints across Jakarta on Monday after deadly protests that have forced Prabowo Subianto to remove perks include a housing allowance worth 10 times the minimum wage

The Guardian - AU

Great Moments in Unintended Consequences: Obscenity Blocks, Cooking Oil, and D.C.'s Tipped Minimum Wage (Vol. 19)

Good intentions, bad results.

Reason

P&O chief who prompted outrage by sacking nearly 800 staff is to quit

Peter Hebblethwaite became Britain’s most hated boss when he replaced

The Guardian - UK

Protests erupt in Indonesia over privileges for parliament members and ‘corrupt elites’

Controversy over housing allowance, which is almost 10 times minimum wage, comes amid President Prabowo Subianto’s austerity drive

The Guardian - AU

New Zealand has the best work-life balance in the world—here's what works

Searching for better work-life balance in the U.S.? You likely won’t find it.

Fortune

East London Indian restaurant loses licence after employing staff 'below minimum wage'

An East London Indian restaurant's licence has been suspended after the Home Office found staff were paid below minimum wage

Evening Standard

Larger families could gain more than £20,000 if Labour scraps two-child benefit cap

Conservative critics say the two-child cap is essential to preventing families on benefits from receiving packages worth more than the minimum wage

The Independent UK

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The Guardian - US

‘Historic’: how Mexico’s welfare policies helped 13.4 million people out of poverty

Experts are enthusiastic about poverty reductions achieved under former Mexican president Andrés Manuel López Obrador

Benzinga

'Not Every Wage Is Designed to Be a Livable Wage,' Says State Lawmaker —People Call It A Slap In The Face, 'I'm Comfortable…I Don't Care About You'

When Pennsylvania lawmakers debated raising the state's minimum wage from $7.25 to $15 an hour this summer, one comment drew more heat than the proposal itself. Republican House Minority Leader Jesse Topper stood on the chamber floor and said, "Here me clearly on this. Not every wage is designed to…

GOBankingRates

I Asked ChatGPT What Would Happen If Minimum Wage Rose at the Same Rate of Inflation — Here’s What It Said

What if minimum wage rose with inflation? I asked ChatGPT to crunch the numbers—see how much workers would earn and what it means for the economy.

Euronews

Which nations have the highest and lowest minimum wages across Europe?

Euronews Business takes a close look at minimum wages across Europe, comparing both euro value and purchasing power.

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The Independent UK

National Living Wage predicted to rise higher than expected

The highest estimate could see wages rise over £1,200 a year

Benzinga

Woman Shares Her Unpopular Opinion That Nurses Are 'Overrated And Obnoxious'— Been Treated Better By Minimum Wage Workers Than Nurses Making $60/Hr

Nurses are among the most trusted professionals in America. But one Redditor didn't hold back in saying… maybe they shouldn't be.

Evening Standard

National living wage likely to rise to £12.71 next year, advisory body estimates

At the moment, the national living wage for people aged 21 and above is £12.21 an hour.

The Independent UK

Government asks body to consult on axing ‘discriminatory’ minimum wage age bands

The Low Pay Commission will be required to put forward ‘recommendations on achieving a single adult rate in the years ahead’.

GOBankingRates

Trump’s New Tip Tax Break Is Temporary — Don’t Budget for It

Regardless of how much money it nets back into tip earners' wallets, the break is temporary. Here's why those who get a break should budget like they aren't.

International Business Times UK

Aldi Raises Minimum Wage to Over £14—Retaining Its Position as Highest-Paying UK Supermarket

Aldi raises minimum wage for its staff. By increasing it to £14 per hour, it retains its position as the highest-paying supermarket in the UK.

GOBankingRates

You’d Need To Work for 3.5 Million Years To Match Elon Musk’s Net Worth — Here’s the Math

Someone making around $115,000 annually, or $55 per hour, would need to work 3.5 million years to accumulate that amount of money.

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Andrés Manuel López Obrador

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