According to a July 12, 2016, article written by John W. Schoen, Economics Reporter for CNBC.com, Americans are finally seeing raises in paychecks.
Many laborers who are at the bottom of the income ladder will benefit mostly from the pay increases. McDonalds and Walmart have increased their minimum wage to $10 per hour. Starbucks has announced they will increase pay between 5 and 15 percent for approximately 150,000 workers. JPMorgan Chase, the nation’s largest bank, will begin giving out raises to workers at the bottom of the pay scale.
For many years, United States laborers’ income increased in line with the amount of goods and services they produced. Economists believe those wage increases began to stall in 2001, despite the fact that
Many laborers who are at the bottom of the income ladder will benefit mostly from the pay increases. McDonalds and Walmart have increased their minimum wage to $10 per hour. Starbucks has announced they will increase pay between 5 and 15 percent for approximately 150,000 workers. JPMorgan Chase, the nation’s largest bank, will begin giving out raises to workers at the bottom of the pay scale.
For many years, United States laborers’ income increased in line with the amount of goods and services they produced. Economists believe those wage increases began to stall in 2001, despite the fact that