PYMNTS-MonitorEdge-May-2024

wages

Can Faster Pay Keep QSRs Competitive?
Can Faster Pay Keep QSRs Competitive?
August 14, 2019  |  Faster Payments

With a 132 percent annual turnover rate, at a cost of $2,000 per worker, employee retention is no small problem for quick-service restaurants (QSRs). On-demand...

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Bitcoin Daily: New Zealand Allows Crypto Wages; SEC Postpones Bitcoin Funds Decision
Bitcoin Daily: New Zealand Allows Crypto Wages; SEC Postpones Bitcoin Funds Decision
August 13, 2019  |  Bitcoin

New Zealand has become the first country to legally allow wages to be paid in cryptocurrencies. The ruling excludes the self-employed from earning incomes in...

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Nonfarm Payrolls Rose 164K In July
Nonfarm Payrolls Rose 164K In July
August 02, 2019  |  Economy

In a new indication that the economy has stabilized as the Fed moved to reduce interest rates, hiring in the United States slowed in July...

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The Employer’s View Of Early Wage Access
The Employer’s View Of Early Wage Access
July 25, 2019  |  B2B Payments

There is a new normal in the workforce: a younger generation of professionals that prioritize flexibility and technology. Giving rise to the gig economy and...

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How Gig Worker Pay Advances Could Ease Financial Anxiety
How Gig Worker Pay Advances Could Ease Financial Anxiety
July 18, 2019  |  Today In Data

Gig workers are beginning to get their wages before – not after – a job is complete through advances. In international news, China’s push toward a digital economy comes...

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Taking The Cash Out Of Cashing Out Tips
Taking The Cash Out Of Cashing Out Tips
July 17, 2019  |  Payment Methods

You may have noticed in recent years that the cash you have in your wallet, pocket or purse tends to last longer than it used...

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Lime Taps PayPal’s Hyperwallet For Global Payouts
Lime Taps PayPal’s Hyperwallet For Global Payouts
July 10, 2019  |  Gig Economy

PayPal’s Hyperwallet is facilitating payments to Lime’s scooter “juicer” force — offering a range of payout options globally. Brent Warrington, Hyperwallet's general manager, tells Karen...

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Restaurant Operator Blames Bankruptcy On Wage Hike
Restaurant Operator Blames Bankruptcy On Wage Hike
July 08, 2019  |  Retail

Restaurant Unlimited Inc., an eatery operator with 35 restaurants, has filed for bankruptcy and is blaming the misfortune on a recent minimum wage hike in...

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Walmart CEO Pushes To Raise Minimum Wage
Walmart CEO Pushes To Raise Minimum Wage
June 06, 2019  |  Retail

In a somewhat surprising turn of events at Walmart’s annual investor meeting, CEO Doug McMillon voiced his opinion that the time has come for Congress...

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