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3 mins read
Wages have outpaced inflation since 2020 but many consumers still feel burdened by prices
On average, wages have outpaced inflation since the pandemic, but even with those gains, plenty of …
John Towfighi
4 mins read
A millennial who's been looking for a job for over 4 years says his degrees have offered little value: 'I can't get anything even at minimum wage'
A millennial has been looking for a job since 2020 but can't get hired. He says his college degrees…
Jacob Zinkula,Andy Kiersz
3 mins read
California put up its fast-food wage to $20. Its governor is adamant it's not causing employment to fall.
Critics of the legislation warned that the higher wages could lead to restaurants laying off some o…
Grace Dean
3 mins read
A Lyft driver says he isn't even making minimum wage driving full-time and it shows how much the job costs workers
Lyft CEO David Risher often posts positively about driving for the rideshare service. But one gig w…
Alex Bitter
6 mins read
Many drivers for Uber, Lyft, and DoorDash are earning well below minimum wage, even with tips, a new paper finds
Many gig drivers earn less than local minimum wage after expenses, some earning just 40 cents an ho…
Noah Sheidlower,Jacob Zinkula
4 mins read
The number of young working men without college degrees has tanked in the last 30 years. It could be because their wages have barely budged.
A growing number of young men without a college degree in the US have stopped working, according to…
Ayelet Sheffey,Jacob Zinkula,Madison Hoff
2 mins read
Russia's business elites signal they are tired of propping up the wartime economy
Russia's key interest rate already stands at 16% and analysts polled by Reuters expect the central …
Huileng Tan
2 mins read
The US economy grew way faster than expected this spring
US real GDP blew past expectations in this year's second quarter. It rose 2.8% compared with a fore…
Madison Hoff
4 mins read
A millennial dad's $0 student-loan payments gave his family some breathing room. Then courts blocked Biden's repayment plan leaving 8 million borrowers like him in limbo.
Alan Pedrick, 41, is worried he'll have to cut back on his kids' after-school programs if the SAVE …
Ayelet Sheffey
2 mins read
Why immigration is boosting the US economy, according to Nobel economist Paul Krugman
Immigration could help the economy grow another $7 trillion over the next decade, the CBO estimated.
Jennifer Sor
2 mins read
Russia's war-driven economic growth is a mirage, and more sanctions are needed to keep pressure on, European finance ministers say
"When taking a closer look at the signals, it becomes clear that everything is not as rosy with the…
Filip De Mott
2 mins read
The Fed is only going to cut rates once in 2024 as shelter inflation is too high and the job market is hot, Vanguard says
The Fed is most likely cutting rates once in September, Vanguard predicted. Markets are still antic…
Jennifer Sor
4 mins read
A boomer gets just $1,056 a month in Social Security and works as a bus driver: 'I don't see myself being able to retire, but I'm grateful and healthy'
Emma Echols, 68, gets $1,056 a month in Social Security and works as a bus driver, worrying she can…
Noah Sheidlower
5 mins read
When to give a tip even if you think tipping is out of control
Some customers are fed up with expectations around tipping: "If I have to stand up to order my food…
Madison Hoff
2 mins read
8 million student-loan borrowers on Biden's new repayment plan don't have to make payments after a federal court blocked the program in full
A court blocked the SAVE student-loan repayment plan. All 8 million impacted borrowers will be plac…
Ayelet Sheffey
3 mins read
Swiss Court jails UK's richest Hinduja family for exploiting Indian domestic workers
On Friday, the court sentenced Prakash and Kamal Hinduja to four years and six months in prison, wh…
ANI
2 mins read
Americans want prices to go down, but deflation could spark a wave of unemployment, top economist Paul Krugman says
"So can we make America affordable again, in the sense of getting prices back to what they were bef…
Jennifer Sor
4 mins read
The delivery reckoning is here
Gig delivery workers for Uber, DoorDash, and Instacart say they're making less. But customers are p…
Alex Bitter
5 mins read
Wendy's CEO got ripped for pushing dynamic pricing. It could be coming to a store near you.
From Wendy's to Walmart, big companies are testing new pricing strategies they say will give you di…
Ayelet Sheffey
2 mins read
Chinese consumers aren't buying enough stuff, and it's taking a toll on the economy
Beijing framed China's second-half growth positively but acknowledged "insufficient" domestic deman…