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☆ Treasury outlines wage, apprenticeship requirements for clean energy tax credits
▼ + stars: | 2022-11-29 | by ( Emma Kinery | ) www.cnbc.com time to read: +3 min

"I want to send a message to investors, developers, contractors looking at clean energy projects," said Labor Secretary Marty Walsh. The Inflation Reduction Act, which became law in August, allocated $369 billion toward addressing climate change through clean energy initiatives. Firms have to pay workers the prevailing wage for their area and abide by rules for the use of apprenticeship programs. The prevailing wage and apprenticeship requirements are needed for companies to receive the Advanced Energy Project Credit, the Alternative Fuel Refueling Property Credit, the Credit for Carbon Oxide Sequestration, the Clean Fuel Production Credit, the Credit for Production of Clean Hydrogen, the Energy Efficient Commercial Buildings Deduction, the Renewable Energy Production Tax Credit and the Renewable Energy Property Investment Tax Credit. The prevailing wage stipulation is also required for the New Energy Efficient Home Credit and the Zero-Emission Nuclear Power Production Credit.

☆ Why going into work five days a week is a thing of the past
▼ + stars: | 2022-11-28 | by ( Chris Cillizza | ) edition.cnn.com time to read: +3 min

Though it feels like the five-day, 40-hour work week has always been with us, it’s actually a relatively new invention. As far back as 1866, Congress considered mandating a 40-hour work week, but the legislation stalled. In 1926, Henry Ford instituted a 40-hour work week for his employees, believing that was the optimal amount of time for someone to work in a week. But the 40-hour work week was – and is – routinely violated by salaried employees (and their bosses) who believe that working more is working better. “If you think about it, your contract with your employee is not just buying time,” Charlotte Lockhart, an advocate for a four-day work week, told me.

☆ Inflation is coming down. Here's what that means for your annual pay raise
▼ + stars: | 2022-11-25 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +7 min

Once you pay people more, it's hard to claw that back even when inflation starts to come back down. Inflation and annual pay are not in a one-to-one relationship. That became clear to many workers last year when their annual merit increases in salary and wages were not anywhere near the four-decade highs for inflation. But Reilly said that to date, the numbers are "solidly at 4%" for both executive and rank-and-file pay increases. Pearl Meyer research indicates that merit increases are a lagging indicator relative to inflation and costs.

☆ The window is closing on corporate 'greedflation.' It's another sign that inflation is cooling off.
▼ + stars: | 2022-11-24 | by ( Jacob Zinkula | Madison Hoff | ) www.businessinsider.com time to read: +7 min

"US profit margins surged after the recession. "Greedflation" — the idea that companies are using inflation as an excuse to raise prices and boost profits — could be part of the explanation. But they have also taken advantage of circumstances to expand profit margins," said UBS Chief Economist Paul Donovan. To what extent soaring corporate profits are to blame for high inflation remains uncertain, but as inflation slows down, the negative CEO sentiment suggests some companies' profits are set to fall as well. In September, Federal Reserve Vice Chair Lael Brainard said retailers' profit margins "have risen significantly more than the average hourly wage that retailers pay workers."

☆ How to keep an intern on your team and pay them what they're worth, even if you can't afford to hire them full time
▼ + stars: | 2022-11-23 | by ( Alexandra York | ) www.businessinsider.com time to read: +4 min

Two founders share how to responsibly scale your team and pay workers what they're worth. But there will be times when internships end but you want to keep the workers on as team members, Avilez said. Avilez hires her former interns as contract employees for one-off events or projects if she can't hire them full time, she said. Scale at a responsible paceWhile additional employees can support a scaling business, it's important not to rely on potential growth for employees' pay. Regularly including them in company work ensures they're incentivized and still bringing their ideas and skills to the table, she said.

☆ Man who threatened to crash plane into Walmart dies in prison while awaiting trial
▼ + stars: | 2022-11-18 | by ( The Associated Press | ) www.nbcnews.com time to read: +2 min

— An airport worker who flew a stolen twin-engine plane erratically over north Mississippi for hours and threatened to crash into a Walmart store has died in federal prison while awaiting trial, federal authorities said Wednesday. The U.S. Bureau of Prisons said in a statement that Cory Wayne Patterson, 29, was found unresponsive Monday at a federal prison in Miami. Federal court records include a handwritten note from Patterson that an FBI agent testified he had found in the plane. During Patterson’s flight, he called 911 and said he intended to crash the plane into a Walmart in Tupelo. He urged the emergency operator to get the store evacuated, according to court records.

☆ What would happen if the NCAA didn’t exist?
▼ + stars: | 2022-11-18 | by ( Chris Cillizza | ) edition.cnn.com time to read: +4 min

CNN —This past weekend, fans flocked to college football stadiums around the country to cheer on their favorite teams. “And he ruled the NCAA with an iron fist out of Kansas City. Not long after, the NCAA voted to support an interim policy allowing college athletes to make money off of their name, image and likeness. But for the average college athlete playing at a mid-major Division I school, it doesn’t provide much in the way of cash. As ESPN’s Paul Finebaum told me, there are just too many people who care too much about their schools to let that happen.

☆ Krispy Kreme agrees to pay workers more than $1.1 million over wage theft claims
▼ + stars: | 2022-11-17 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +2 min

Krispy Kreme has agreed to pay 516 workers more than $1.1 million in back wages and damages. Federal investigators had uncovered "widespread and systemic" wage theft at the company. According to investigators, the North Carolina-based company failed to include those employees' monthly bonuses when calculating their overtime rate. "Employers who fail in their obligation to pay minimum wage and overtime wages as the law requires make it harder for workers and their families to make ends meet." Krispy Kreme, for its part, said it is "strongly committed" to paying its workers fairly.

☆ JPMorgan, Macy’s and Other Companies Reveal What They Pay Workers as Deadline Looms
▼ + stars: | 2022-10-30 | by ( Chip Cutter | ) www.wsj.com time to read: 1 min

Macy’s recently disclosed that one particular job offers a salary of $51,000 to $85,000. New York City employers are starting to comply with a new salary transparency law taking effect this week that will require nearly all job listings to include a pay range, a move expected to reshape workplaces and how companies hire. The measure, aimed at closing gender pay gaps, requires companies to include salary ranges if they hire in New York or advertise for remote roles that could be performed in the city.

☆ Oracle is shunning job seekers in high-paying tech hubs like San Francisco, Seattle, and New York to cut costs: 'They're OK passing on the top candidates'
▼ + stars: | 2022-10-25 | by ( Ellen Thomas | Jessica Xing | ) www.businessinsider.com time to read: +9 min

Oracle hiring managers and recruiters have been told to fill roles in cheaper US cities or abroad. Filling roles in areas where talent is cheaper, especially outside the US, has long been a cost-saving strategy for Oracle hiring managers, current and former employees said. "That sounds crazy to me," said Oracle executive Ken Glueck in response to a description of the claims made by Oracle employees in this story. Glueck did not directly answer whether the company was prioritizing hiring candidates outside of tech hubs like the San Francisco Bay Area, Seattle, and New York. Cities like Philadelphia, Dallas Fort-Worth, and Denver saw the highest growth rates for tech salaries this year.

☆ The Columbus, Ohio, Warehouse Boom: How warehouses brought stifling dust and diesel fumes — and a chance for refugees to grab the American dream
▼ + stars: | 2022-10-19 | by ( Emma Cosgrove | Katherine Long | ) www.businessinsider.com time to read: +27 min

What binds them, despite different nationalities, immigration stories, and languages, are warehouse jobs. As Columbus' warehouse development begins encroaching into residential areas, a consensus is gathering here — as it has elsewhere — that warehouses make for poor neighbors. Tariq Tarey for InsiderIn Canal Winchester, Halstead's efforts to put the question of warehouse development before voters were stymied. The town council bypassed her group's referendum by declaring a state of emergency to approve the warehouse development. There aren't clear lines between the winners and losers of Columbus' warehouse boom.

☆ America's best tool to fight inflation and prevent recessions is facing a dangerous death spiral
▼ + stars: | 2022-10-13 | by ( Austin Clemens | Erica Groshen | ) www.businessinsider.com time to read: +11 min

Threats to truthConsider the many benefits of having a source of trustworthy and publicly available economic data. Of course, private datasets, like those used by Opportunity Insights, the JPMorgan Chase Institute, and Earnest Research, complement federal statistics. In addition to competition from other sources, statistical agencies are facing a lack of money. Sustaining the future of statsThe good news is that statistical agencies are trying to keep up with the times. To continue producing this work, federal statistical agencies need a funding boost.

☆ Factbox: UK retailers raising staff pay amid cost-of-living crunch
▼ + stars: | 2022-09-22 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Toby MelvilleSept 22 (Reuters) - Retailers in Britain are looking to increase pay and attract staff in a tight labour market, as workers are increasingly taking to strike action amid a cost-of-living crisis in the country. read moreRegister now for FREE unlimited access to Reuters.com RegisterMARKS & SPENCERMarks & Spencer (MKS.L) said on Sept. 21 it would pay a minimum of 10.20 pounds, up from 10.00 pounds, from Oct. 1. read moreSAINSBURY'SSainsbury's (SBRY.L) said on Sept. 13 it will from Oct. 16 pay a minimum of 10.25 pounds, up from 10.00 pounds, and 11.30 pounds in London, up from 11.05 pounds. read moreTESCORetailer Tesco (TSCO.L) in September started to offer better perks to its workers including free food and essentials. read moreMORRISONSMorrisons on June 10 said it would pay a minimum of 10.20 pounds from October, with London workers paid a minimum of 11.05 pounds.

☆ American Express is hiring 1,500 technology workers before the end of the year. Here are the salaries to expect in IT, finance, engineering, and risk management.
▼ + stars: | 2022-09-20 | by ( Britney Nguyen | Alex Nicoll | Rachel Durose | ) www.businessinsider.com time to read: +1 min

The credit-card service company American Express is hiring right now. AmEx hired 3,600 technical workers this year and aims to hire another 1,500 before the end of 2022.Insider analyzed HB-1 visa-holders salary data to give job seekers an idea of salary expectations. Job seekers interested in joining the remote-friendly company are in luck: AmEx is hiring 1,500 technology workers before the end of 2022, Ravi Radhakrishnan, the chief information officer, told Bloomberg. This is on top of the 3,600 engineers, coders, developers, and more that the company hired earlier this year. Below are four sectors — IT, risk management, finance, and engineering — with openings at AmEx and how much employees make in roles that fall under those categories.

☆ Airline unions urge carriers not to resume buybacks when bailout ban ends this fall
▼ + stars: | 2022-08-18 | by ( Leslie Josephs | ) www.cnbc.com time to read: +4 min

A United Airlines flight crew walks through the terminal at San Francisco International Airport on April 12, 2020 in San Francisco, California. Labor unions don't want them to spend it on stock buybacks. A condition of the $54 billion in federal aid that airlines received to pay workers during the Covid pandemic prohibited carriers from share buybacks. Many of the workers represented by the unions advocating against a resumption of buybacks are in contract negotiations with their carriers. She estimated that the earliest that airlines would resume would be mid-2023, with Alaska Airlines and Southwest the most likely candidates among U.S. carriers.

☆ If you want to get paid a six-figure salary in the cannabis industry, these are the 9 companies you should work for
▼ + stars: | 2022-03-17 | by ( Jeremy Berke | Yeji Jesse Lee | ) www.businessinsider.com time to read: +3 min

Salaries are skyrocketing at the biggest cannabis companies, according to recruiting startup Vangst. These nine cannabis companies are offering six-figure salaries in multiple states. The cannabis industry is expected to add over 100,000 jobs in the US alone this year, according to Vangst. And if you want to land a six-figure job in the cannabis industry, Vangst has identified 18 roles where job seekers can make over $100,000 a year. Unlike in past years, more employers are looking for people with specific cannabis industry experience because the industry has now been legal for nearly a decade in some states, she said.

☆ These are the 18 hottest jobs where you can take home a six-figure paycheck in the booming cannabis industry
▼ + stars: | 2022-03-09 | by ( Jeremy Berke | Yeji Jesse Lee | ) www.businessinsider.com time to read: +2 min

Senior-level salaries in the cannabis industry are soaring as the industry matures, according to cannabis recruiting startup Vangst's 2021 salary guide. Humiston said that cannabis salaries have edged upward year-over-year, especially as the industry emerges from the economic downturn associated with the coronavirus pandemic. Unlike in past years, more employers are looking for people with specific cannabis industry experience because the industry has now been legal for nearly a decade in some states, she said. Overall, the cannabis industry added 107,000 new jobs in the US last year as more states opened their doors to legal cannabis, according to a report from the cannabis information site Leafly. If you're looking for a job in the cannabis industry, check out these roles listed from lowest to highest salary:

☆ A Florida restaurant didn't pay wages to servers and forced them to work 'for tips alone', the labor department says
▼ + stars: | 2022-02-24 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

A Florida restaurant forced servers to work "for tips alone" by not paying them wages, the DOL said. Rosy's Mexican Restaurant also didn't give other staff an overtime premium, the DOL said. The DOL said that the restaurant owed 10 workers a combined $118,042 in back wages and liquidated damages. Millions of restaurant workers quit their jobs during the pandemic because of low wages, lack of benefits, and poor working conditions. Under state law, restaurants have to pay workers a minimum of $6.98 an hour, provided staff earn at least $3.02 an hour in tips.

☆ With tips, restaurants can pay workers as little as $2 an hour. It's why no one's coming back to work.
▼ + stars: | 2022-01-22 | by ( Paul Constant | ) www.businessinsider.com time to read: +5 min

He spoke with Saru Jayaraman of UC Berkeley's Food Labor Research Center about tipped workers. Women and people of color who work for tips always earn significantly "less than white, male tipped workers," Jayaraman said, "because of the biases we all carry as customers. Employer justifications for the subminimum wage tend to fall apart under the slightest examination. Restaurant workers in these seven states have for years taken home more than the federal tipped minimum wage per hour with no negative effects on the restaurant industry. The pandemic has worsened conditions for restaurant workers, and many of them have decided that the subminimum wage isn't worth the hassle.

☆ In many states, workers still earn only $7.25 an hour. If we want to fix the 'labor shortage,' it should start with raising wages.
▼ + stars: | 2022-01-08 | by ( Paul Constant | ) www.businessinsider.com time to read: +5 min

Amid the ongoing labor crisis, Constant says raising the minimum wage could be a key solution. Raising wages has proven good for workers and business, yet many states are stuck at the $7.25 federal minimum. Last week, the minimum wage in Seattle reached $17.27 per hour, while the minimum wage in Washington state increased to $14.49, and none of those threats have come true. But despite this progress, the federal minimum wage is still stalled at $7.25 per hour for non-tipped employees and $2.13 per hour for tipped employees. The Economic Policy Institute recently found that the $7.25 federal minimum wage is worth 21% less today than it was worth when established in 2009.

Gig workers must pay federal income taxes, and a 15.3% self-employment tax on earnings above $400. Like any other self-employed person, gig workers can lower the income tax they owe by claiming relevant expenses. That means if you earned money from Uber, Lyft, Postmates, Instacart, Etsy, or a similar company, you may be on the hook for federal income taxes. You'll have to pay income taxes on your net earnings (your gross income minus any related expenses). The deadline to pay any individual income tax you owe for the 2022 tax year is April 18, 2023.

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