While most of us think of payday lenders as small-time storefront operations, there is also a complicated web of interconnected payday businesses operating outside the U.S. borders, but illegally issuing costly short-term loans to American borrowers. A newly filed lawsuit hopes to put an end to one such network. [More]
Working more than 40 hours a week but not getting paid overtime because you make too much already? If so, you might soon be pocketing more dough for your extra hours under newly proposed federal regulations that raise the threshold income level at which workers are exempt from overtime pay of time-and-a-half wages. [More]
Four months after Walmart began raising wages for around 40% of its workers, the nation’s largest retailer is announcing another round of pay increases affecting around 100,000 additional employees. [More]
Over the past several years, companies that employ hourly workers in New York have come under scrutiny for a variety of practices, including not providing reimbursement for uniforms to requiring some work be performed off the clock. Today, the state attorney general’s office began scrutinizing another practice by major retailers: the use of on-call scheduling. [More]
Maybe it’s been so long since you’ve gotten a raise that you wouldn’t know what to do with the money when it hit you. Such a problem is a nice one to have, but still a problem. Act carelessly with your newfound income and you’ll hardly notice that you’ve got it. [More]
Like a big city pimp waiting to pick you up off the ground when times get tough, Walmart was able to establish its first stores in Chicago through guile, perseverance, and a few meaningless reassurances. Smaller stores! $0.50 pay raise! Union-built! These are the meager concessions that led Chicago to sell-out their local retailers. [More]
Wired has put together a Wiki called a
Great news, laid-off Wall Streeters, minimum wage work just a got bit more lucrative! As of yesterday, the new minimum wage is $7.25 per hour.
The blog Political Calculations took data from the Congressional Budget Office, “which published a study of the lowest-wage workers in the U.S. from 1979 through 2005,” and looked at the occupations of the bottom 20% of earners in the U.S. Then it took a chart of the 10 full-time jobs with the lowest annual earnings as compiled by BizJournals.com and estimated the hourly wage based on 40-hour weeks. Conclusion: don’t plan on operating a Tilt-a-Whirl and retiring comfortably.
Walmart is Mexico’s largest private employer, according to Newsweek, and that doesn’t include the 4,300 unpaid teenagers that it lets “volunteer” to bag groceries at its Mexican stores.
The federal minimum wage is rising to $5.85 this week, up from $5.15. The change is part of a plan to give minimum-wage workers an additional 70 cent boost each summer until 2009, when the minimum wage will be $7.50, or about $15,000 a year before taxes and without taking time off.
Why give the IRS an interest-free loan throughout the year? Instead, boost your monthly earnings by changing the amount of withholdings you claim. Kiplinger offers an easy 3-question calculator to help you figure out the right number.
- Shannon Wilk, 33, who makes $6.25 an hour, said that of course she would like to earn more money. It would help her. It would help her 18-month-old daughter. “It would be good,” she said, “but also, for me, I live in income-based housing, and if I get a raise, my rent would go up, and I would lose my assistance.” Even the tiniest raise would affect her, she said, and with nowhere to go, the last thing she can afford is a raise to $7.25.
Interesting stuff. —MEGHANN MARCO
Let’s face it, women don’t get paid as much as men. Why is this? Aside from obvious reasons like “Men are sexist douchebags” there’s also the fact that fewer women negotiate when it comes to things like salary offers or their yearly raise. Why? Who knows. The point is, it’s appropriate to negotiate. If the men in your office are getting paid more than you are, put a stop to it with a few negotiating tips from Bankrate.com: