Tag

Employee Wages

All articles tagged with #employee wages

business2 months ago

Starbucks Union Threatens Major Strike Over Contract Disputes

Starbucks unionized workers are threatening to strike on November 13 if the company does not finalize a labor contract by then, as part of ongoing negotiations for better pay and hours. The union, representing over 9,500 employees, has voted overwhelmingly in favor of striking, which could impact stores across 25 U.S. cities, coinciding with Starbucks' annual Red Cup Day promotion. The negotiations have been stalled since April, with the union demanding increased wages and hours, while Starbucks claims to offer industry-leading wages and benefits.

business1 year ago

"CEO Pay Soars in 2023, Widening Worker Wage Gap"

CEO compensation in the S&P 500 has reached 196 times that of the median employee in 2023, driven by rising stock prices and significant stock awards. While CEO pay increased by 12.6% to $16.3 million, median employee wages grew by only 5.2% to $81,467. This widening pay gap is causing frustration among workers struggling with high living costs, despite some relief from inflation.