Karl Kramer

Bank of America will pay a $20 minimum wage a year earlier than planned

By Evelina Nedlund November 4, 2019 New York (CNN Business)The American job market remains tight, and banks are scrambling to find people who want to work at their branches. That’s why Bank of America is raising its minimum wage to $20 an hour in 2020 — a year earlier than expected. Bank of America (BAC) […]

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Push to Raise Minimum Wage Goes Local, at Airports and Hotels

By Nelson D. Schwartz Labor unions and community groups are pursuing an increasingly successful strategy to force employers to pay their workers more: minimum wages for specific occupations and industries. The effort has resulted in several noteworthy victories recently — mandatory pay of up to $20 an hour for hotel workers in Oakland, and raises

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Charlotte Restaurant Owner Increases Pay to “Living Wage” for Workers

By SPECTRUM NEWS STAFF OCT. 29, 2019 CHARLOTTE, N.C. — A Charlotte restaurant owner will now pay employees a “living wage” instead of just minimum wage. Jeff Tonidandel pays $12.37 to all employees who are not tipped The state and federal wage is $7.25 He says some products at his restaurant may increase by a

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Fifth Third officially raises its minimum wage to $18

By WLWT Digital Staff Oct 29, 2019 CINCINNATI — Fifth Third Bancorp has officially raised its minimum wage to $18. The Cincinnati-headquartered bank announced in August it will increase its minimum wage for approximately 4,900 employees. That minimum wage hike went into effect Monday. With this increase, Fifth Third will have raised its minimum hourly

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