wages

Steep Hospital Costs Help Inflation Persist
Steep Hospital Costs Help Inflation Persist
May 16, 2024  |  Economy

American medical care costs have gone up, and that’s reportedly helped inflation remain high. Hospital prices climbed 7.7% between April 2023 and April 2024, the biggest monthly increase...

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93% of Truck Drivers Want Instant Payments
93% of Truck Drivers Want Instant Payments
May 15, 2024  |  Faster Payments

Truck drivers help keep the supply chain functioning, but the turnover rate is high in the industry — a reality that can have ripple effects...

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Chime to Add Earned Wage Access Offering to Banking App
Chime to Add Earned Wage Access Offering to Banking App
May 15, 2024  |  Digital Banking

Chime will soon add an earned wage access offering called MyPay to its banking app. The FinTech company has opened a waitlist for MyPay and...

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Square: Restaurant Worker Pay Jumps 66% in 7 Years
Square: Restaurant Worker Pay Jumps 66% in 7 Years
May 14, 2024  |  ResTech

Labor costs continue to weigh on restaurants, according to a new report by Square. The point-of-sale payments company’s Quarterly Restaurant Report, released Tuesday (May 14) notes...

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Lyft Extends 70% Pay Standard to Drivers Nationwide
Lyft Extends 70% Pay Standard to Drivers Nationwide
May 14, 2024  |  Ridesharing

Ride-hailing platform Lyft said it wants to lift its driver’s earnings. Earlier this year, the company introduced a new standard for drivers, ensuring they will always earn 70%...

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Fed Says Consumers See Higher-for-Longer Inflation
Fed Says Consumers See Higher-for-Longer Inflation
May 13, 2024  |  Consumer Insights

Consumers are girding for inflation to settle in over the long haul. But they intend to keep spending. As reported on Monday (May 13), the  Federal...

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Uber, Lyft Head to Court as Massachusetts Challenges Driver Classification
Uber, Lyft Head to Court as Massachusetts Challenges Driver Classification
May 13, 2024  |  Gig Economy

Uber and Lyft are facing a trial in Massachusetts over allegations that they misclassified their drivers as independent contractors instead of employees. The trial is...

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Information Sector Loses 4,000 Jobs While Overall Employment Grows
Information Sector Loses 4,000 Jobs While Overall Employment Grows
May 01, 2024  |  Economy

Nine out of 10 industry sectors monitored by ADP posted job gains in April. The sole exception was the information sector, which lost 4,000 jobs...

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U.S. Labor Costs Grow as Workers’ Wages Climb
U.S. Labor Costs Grow as Workers’ Wages Climb
April 30, 2024  |  Economy

American labor costs rose more than anticipated last quarter, new government data shows. The Employment Cost Index (ECI), a measure of wages and benefits, climbed 1.2%...

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