wage hikes – One America News Network

People walk around the Financial District near the New York Stock Exchange (NYSE) in New York, U.S., December 29, 2023. REUTERS/Eduardo Munoz/File Photo

US business activity at nine-month low in January; hiring accelerates

Firms reported boosting hiring, supporting the Federal Reserve’s cautious approach to cutting interest rates this year.

SAN FRANCISCO, CALIFORNIA - MAY 08: A sign advertising a digital ordering app is displayed at a McDonald's restaurant on May 08, 2024 in San Francisco, California. One month after California raised the minimum wage for fast food workers to $20 per hour, menu prices at some chain fast food restaurants have surged as much as 8 percent. (Photo by Justin Sullivan/Getty Images)

Calif. Fast Food Minimum Wage Hike Continues Impacting Positions, Businesses: 10,000 Jobs Lost

As struggling businesses reduce labor expenses and boost prices to counteract wage hikes, fast food restaurants in California have eliminated over 10,000 jobs as a result of the state’s new $20 minimum wage, according to a trade group that reported the findings on Thursday.

Workers install the fuel cell power system in a Toyota Mirai at a Toyota Motor Corp. factory in Toyota in Aichi Prefecture, Japan, Apriil 11, 2019. Picture taken on April 11, 2019. REUTERS/Joe White/File Photo

Toyota agrees to biggest wage hike in 25 years, paves way for BOJ shift

Toyota Motor agreed to give factory workers their biggest pay increase in 25 years.