Minimum Wage

Starting a Business

How Much Do Small Businesses Pay Their Employees? It Varies Significantly By State — Here's the Full Ranking.

Working for a small business can pay a lot more — or less — depending on where you live.

Franchise

6 Ways California's New Minimum Wage for Fast Food Workers Will Hurt Franchises — And Consumers

Discover how California's new minimum wage law is transforming the fast food industry, impacting franchise owners, employees, and the broader economy.

Franchise

California's Fast-Food Minimum Wage Hike Is Already Impacting Franchises. Here's What a New Study Revealed.

Several chains have raised their prices — or closed locations — in response to the wage increase, which has now led to a noticeable decline in foot traffic.

Business News

A Major Burger King Franchisee in California Says He Can't Roll Out Order Kiosks Fast Enough Due to the State's New $20 Fast-Food Minimum Wage

He owns 180 fast-food restaurants in California and says 75% of his stores will have kiosks in the next 60 days.

Franchise

Fast-Food Workers in California Now Earn a $20 Minimum Wage — Here's How This Will Impact Franchising

California's new minimum wage law for fast-food workers goes into effect today, sparking a wave of economic and operational adjustments.

Franchise

The Minimum Wage Just Went Up in 22 States. Job Numbers Are About to Go Down.

Some layoffs have already been announced. Here's why it'll only get worse.

Business News

25 U.S. States Are Raising Minimum Wages in 2024. Here's What It Means for Your State

Meanwhile, 20 states will remain at the federal minimum wage of $7.25 an hour, which hasn't been increased since 2009.

Business News

These Are the Top 10 Most Expensive States For Single Earners to Meet Basic Needs

Hawaii was the only state in the report where single earners need a six-figure minimum average living wage.

Business News

Doordash Is Starting an Hourly Pay Option for Drivers — Up to $19.50 an Hour

The delivery app announced a slew of new features on Wednesday, including giving drivers the option between being paid by delivery or being paid a flat rate.

Business News

Rent for Single-Family Homes Rose 10 Percent in September, Fastest Annual Gain in 16 Years

"Strong job and income growth, as well as fierce competition for for-sale housing, is fueling demand for single-family rentals," said Molly Boesel, principal economist at CoreLogic.

Business News

West Hollywood City Council Votes to Hike Minimum Wage to $17.64 an Hour Starting Next Year

The rate will first take effect Jan. 1 for hospitality workers and will "create a phased approach for minimum wage increases for large businesses and small businesses with adjustments every six months to create consistency in the minimum wage citywide by July 1, 2023," the city council said in a statement.

Business News

Inflation and Higher Wages: A Look at the Effect of Extra Income

Though every inflationary period tends to be unique, it can be valuable to compare your current paycheck with rising inflation rates.

Franchise

What People Don't Realize About the McDonald's Strikes

The minimum wage conversation is a lot more nuanced when franchisees are involved.

Business News

Thousands of Federal Workers Will Be Paid a Minimum Wage of $15 an Hour as Soon as Next Year

Federal workers from cleaners and nursing assistants to food service providers will be paid a minimum wage of $15 per hour in March.

Business News

Walmart to Raise Wages for Some Workers After Earnings Miss

After falling short of fourth-quarter earnings, Walmart still plans to increase wages for their employees.