Wage

Brian Moynihan, CEO of Bank of AmericaScott Mlyn | CNBCBank of America announced that it would increase the minimum hourly wage it pays its employees to $ 25 by 2025.The company, which made the announcement in a press release on Tuesday,…

Here’s what you need to know:Joseph R. Biden Jr., then vice president, at a 2015 event calling for a $15 minimum wage in New York.Credit...Damon Winter/The New York TimesPresident Biden plans to sign an executive order on Tuesday raising…

The Costco chief executive plunged into the political debate over the federal minimum wage, testifying at a Senate hearing Thursday that the retailer is increasing its starting salary to $ 16 an hour.W. Craig Jelinek, the general manager,…

An employee organizes Apple Inc. AirPods for sale in a Costco Wholesale Corp. store. in San Francisco, California.David Paul Morris | Bloomberg | Getty ImagesCostco is increasing its hourly minimum wage to $ 16, beating its starting wage…

An activist wears a "Fight For $ 15" T-shirt at a press conference before the vote on the Raise the Wage Act at the US Capitol on July 18, 2019.Alex Wong | Getty ImagesA minimum wage of $ 15 could become a reality in the USWhile millions…

President Joe Biden will deliver a foreign policy address during a visit to the State Department in Washington on February 4, 2021.Tom Brenner | ReutersPresident Joe Biden said this weekend that a $ 15 minimum wage scheme is unlikely to be…

President-elect Joe Biden (C) along with Democratic Senate nominees Jon Ossoff (L) and Rev. Raphael Warnock (R) greet supporters in the Atlanta parking lot during a campaign rally the day before their runoff election .Chip Somodevilla |…

It started in 2012 with a group of protesters outside a McDonald’s calling for a minimum wage of $ 15 - an idea that even many liberal lawmakers viewed as fancy. In the years since then, their struggle has grown in importance across the…