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☆ Overtime pay: Millions more salaried workers will be eligible under final Biden administration rule
▼ + stars: | 2024-04-23 | by ( Tami Luhby | ) edition.cnn.com time to read: +3 min

CNN —Millions of salaried workers will soon qualify for overtime pay under a final rule released by the US Department of Labor on Tuesday. The new rule raises the salary threshold under which salaried employees are eligible for overtime in two stages. About 4 million more workers will qualify for overtime when the rule is fully implemented in January, the agency estimates. “Too often, lower-paid salaried workers are doing the same job as their hourly counterparts but are spending more time away from their families for no additional pay. The salary threshold will be updated every three years, starting July 1, 2027, the agency said.

Persons: Julie Su, Trump, Obama, “, ”, Ted Hollis, Brady, Sean Kennedy, DOL, Ben Brubeck, Barack Obama Organizations: CNN, US Department of Labor, Labor, Quarles, National Restaurant Association, Associated Builders and Contractors, Labor Department Locations: South, Texas

☆ The Super Bowl menu has changed. Here's what people are buying and how much they're spending.
▼ + stars: | 2024-02-09 | by ( Juliana Kaplan | Cork Gaines | ) www.businessinsider.com time to read: +4 min

In total, American households are expected to spend a total of around $86 on average for their Super Bowl necessities. The National Restaurant Association said that Super Bowl food habits are shifting a little this year. For example, Kennedy said that women, by a sprawling margin, view chips and salsa as Super Bowl must-haves and feel similarly about nachos. While Super Bowl ticket prices have fallen a bit heading up to the Super Bowl, they opened on the day after the AFC and NFC Championship games at some of the highest levels in history. They are predicting a record TV audience for this year's Super Bowl because of her impact.

Persons: —, “, ” Sean Kennedy, Taylor Swift, Kennedy, it’s, Swift, David Steinberg, Clark Hunt Organizations: Service, Super, National Retail Federation, Business, National Restaurant Association, Super Bowl, of Commerce, Seton Hall, Poll, AFC, NFC, Zeta Global, CNBC, Chiefs, Bowl LIV, 49ers

☆ How to play the AI trend
▼ + stars: | 2024-02-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow to play the AI trendMizuho's Dan Dolev and Sean Kennedy join 'Halftime Report' to discuss how to play AI trends and more.

Persons: Dan Dolev, Sean Kennedy

New York CNN —California is raising the minimum wage for fast food workers, marking a hard-won victory for those workers and union organizers. The state’s current minimum wage is $15.50 an hour and will increase to $16 an hour on January 1. The new hourly wage for fast food workers will take effect on April 1 of next year. In that period, only the council may set wages for fast food workers. “We are confident that what’s outlined is going to dramatically improve conditions for the state’s half million fast food workers,” Henry said.

Persons: Gavin Newsom, Terry Chea, Newsom, ” Sean Kennedy, Mary Kay Henry, “, ” Henry, Henry, ” Anneisha Williams, Jack, Williams, it’s, “ I’m, …, ” Organizations: New, New York CNN, Service Employees International Union, Employees, California State Capitol, National Restaurant Association, SEIU, CNN Locations: New York, California, Los Angeles , California, Sacramento, Calif

☆ A fight between fast-food chains and unions in California is over, for now – what to know
▼ + stars: | 2023-09-15 | by ( Amelia Lucas | ) www.cnbc.com time to read: +8 min

Gavin Newsom's office, also creates a nine-person council that will decide on future wage hikes for the fast-food industry in California through 2029. The deal will mean a wage floor of $20 for California workers at fast-food chains with at least 60 locations nationwide, starting April 1. The council will include four representatives from the fast-food industry, four from the workers' side and one neutral party who will serve as chair. But the fast-food industry was attacking the bill before it even made its way to Newsom's desk. Fast-food workers employed by affected restaurants will see pay increases of as much as 25% hit their paychecks starting in April.

Persons: Mario Tama, Gavin Newsom's, Mark Kalinowski, Newsom, Joe Erlinger, Erlinger, Jan, What's, Joe Pawlak, Technomic, they'll, Joe Pawlak Technomic, Pawlak, Mary Kay Henry, it's, Sean Kennedy, Burger Organizations: Getty, Gov, Equity Research, Democrat, FAST, Yum Brands, Restaurant Brands, McDonald's, Citi Research, Service Employees International Union, SEIU, California State, CNBC, Walmart, Target, Food, National Restaurant Association, Delta Airlines, Los Angeles International Airport Locations: Boyle, Los Angeles , California, California, McDonald's U.S, Minnesota, New York, —

The mandatory raise would apply to all fast food restaurants in California that are part of a chain with at least 60 locations nationwide. The agreement ends an tense standoff between labor unions and the fast food industry that started last year when Democratic Gov. Gavin Newsom signed a law creating a Fast Food Council with the authority to raise wages of fast food workers up to $22 per hour. In exchange for a $20 minimum wage, labor unions have withdrawn their legislation to make fast food companies liable for their franchise operators' labor violations and lawmakers have stripped funding for the Industrial Welfare Commission. The Fast Food Council created in the original legislation would still exist, but it would only have the authority to set wages, not workplace standards.

Persons: Ingrid Vilorio, ”, Vilorio, Gavin Newsom, Newsom, Kathy Fairbanks, Sean Kennedy, Joseph Bryant, Olga R, Rodriguez Organizations: San Francisco Bay Area, Democratic Gov, Food, Democratic, Industrial Welfare Commission, Food Council, National Restaurant Association, Service Employees International Union Locations: SACRAMENTO, Calif, California, San Francisco Bay, U.S, San Francisco

☆ Americans are being asked to consider tipping, but is it really required?
▼ + stars: | 2023-08-27 | by ( Vanessa Yurkevich | ) edition.cnn.com time to read: +6 min

Mingrone pays her kitchen staff between $20-25 an hour, well above minimum wage. Comparatively, her front of house staff — servers and bartenders — make the state’s tipped minimum wage of $6.38 an hour. Eight states have abolished their tipped minimum wage. One Fair Wage, the group leading the movement, wants businesses to be required to pay employees the state’s minimum wage, plus tips. The federal tipped minimum wage is $2.13 an hour and has been frozen there since 1991 — and many states default to that.

Persons: ”, Carly Cullen, ” Cullen, Emily Mingrone, aren’t, Mingrone, —, I’ve, Danny Meyer, “, pushback, Sean Kennedy, Destiny Fox, Georgetti’s, Coco Pazzo —, She’s, Fox Organizations: New, New York CNN, Purdue University, Temple University, Co, Square Hospitality, Nation Restaurant Association, National Restaurant Association Locations: New York, New Haven , Connecticut, State, Chicago

☆ America needs immigrants to solve its labor shortage
▼ + stars: | 2022-12-22 | by ( Vanessa Yurkevich | ) edition.cnn.com time to read: +6 min

But If you’re wondering why America’s labor shortage persists nearly three years into the Covid pandemic, it’s in part because America doesn’t have enough immigrants. Immigrants are vital to the US economy and fill thousands of US jobs – jobs many Americas don’t want to do. Federal Reserve Chairman Jerome Powell said that in addition to an aging workforce there is a lack of foreign labor contributing to labor shortages. Those types of industries had higher rates of unfilled jobs last year – adding to existing labor shortages, according to UC Davis research. “The farm labor crisis is hindering production and contributing to food price inflation.

☆ Business groups optimistic Congress may finally strike immigration deal
▼ + stars: | 2022-12-10 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Shannon-Pettypiece-Circle-Byline-Template.Jpg | Shannon Pettypiece | ) www.nbcnews.com time to read: +7 min

WASHINGTON — Some of the largest business groups in Washington are making a last-ditch effort to get Congress to pass immigration legislation before the end of the year and are optimistic a bipartisan agreement could fall into place. Kyrsten Sinema, I-Ariz., and Thom Tillis, R-N.C., began circulating the contours of a possible deal. Businesses have been calling on Congress to change the immigration system and make it easier for them to hire foreign workers for years, but the situation has grown increasingly dire since the pandemic. We hope it can be successful.”Republicans who have been involved in past efforts to change immigration laws poured cold water on the Sinema-Tillis push. I appreciate them working on it — there’s a deal to be done down the road — but it’s not money, it’s policy.”

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