The Employment Cost Index, which Federal Reserve officials watch closely as a gauge of pay trends, is picking up more slowly.
Tag: Wages and Salaries
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Smaller Rate Increase by Federal Reserve Likely as Inflation Cools
America’s central bank is expected to raise rates by a quarter point on Wednesday. The question now is what comes next.
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In U.K. Cost-of-Living Crisis, Some Workers Struggle to Feed Children
As inflation hits the pockets of families who already had little to spare, food banks say they are getting much busier and seeing more people with jobs.
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How Restaurant Workers Help Pay for Lobbying to Keep Their Wages Low
The National Restaurant Association uses mandatory $15 food-safety classes to turn waiters and cooks into unwitting funders of its battle against minimum wage increases.
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Covid Workers in China Clash With Police Over Unpaid Wages, Layoffs
Companies that reaped windfalls helping the government implement strict ‘zero Covid’ controls are now struggling to pay and keep workers.