All articles tagged with #paychecks
U.S. air traffic controllers are receiving partial paychecks due to the government shutdown, which may lead to missed paychecks if it continues. The shutdown has exacerbated existing staff shortages, causing delays and stress among controllers, who are also working without pay and taking on second jobs to make ends meet. The situation highlights ongoing issues in U.S. aviation staffing and funding.
A survey of business leaders suggests that employees may not see their paychecks catch up with the rising cost of living, as nearly half of the surveyed leaders stated they won't give cost-of-living adjustments (COLA) next year, and 26% may not give any raises at all. Despite recent wage increases, inflation has largely offset the gains, and with the job market shifting in favor of companies, workers may struggle to regain lost purchasing power. The majority of raises will be performance-based, with only a portion of employees receiving them.
Former Vice President Mike Pence has stated that the ongoing United Auto Workers (UAW) strike against the Big Three automakers is justified because "Bidenomics has failed to protect paychecks." Pence believes that wages have not kept up with inflation and supports the workers' right to strike. President Biden has joined the picket line, backing the union's call for higher pay and better benefits. The automakers have pushed back on the union's demands for a 40% pay raise amid the industry's transition to electric vehicles. Tesla CEO Elon Musk cautioned about the financial impact of meeting the union's demands. Analysts warn of a prolonged and widened strike, with pickup trucks likely to be the next target.
Former employees of Yellow, a trucking company that recently filed for bankruptcy, have reported not receiving their final paychecks and having their vacation time payments in limbo. Yellow, which laid off most of its staff of 30,000 employees, blamed the Teamsters union for the company's closure and accused them of refusing to negotiate. The Teamsters, on the other hand, stated that Yellow abandoned its workforce and pledged to support its members through the bankruptcy proceedings. Yellow has filed for $92.9 million to pay outstanding vacation time, but it remains unclear how much will go to recently laid-off employees.
The Albany Empire football team, owned by former NFL player Antonio Brown, is facing a class-action lawsuit from coaches and players after they claimed their final paychecks were reversed and taken back out of their bank accounts. The team was recently kicked out of the National Arena League for failing to make required payments to the league's operating budget. Brown has faced multiple legal issues and allegations of misconduct in recent years.