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wages

As America’s return to office war wages on, London is declared the hybrid capital of the world—where nearly 50% of jobs are still remote

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Starbucks is the latest to signal the end of pandemic-era flexibility: Its CEO Brian Niccol—who had been working remotely himself—recently bought a house in Seattle and is now calling staff into HQ at least four days a week, even offering to pay off those who won’t relocate. But for those not keen on uprooting their … Read more

Trump administration says 5.3 million student loan borrowers will have wages garnished this summer

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The Department of Education under President Donald Trump began sending notices to the first of millions of Americans with past-due federal student loans that they will see their wages garnished in just a few months. The news comes the week that the Trump administration begins to send millions of defaulted borrowers into collections.  The garnishments will happen … Read more

The ‘menopause penalty’: Many women in midlife see a drop in wages, new study finds

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Women already make just 84 cents to a man’s dollar. They also face additional earnings losses, should they become mothers, in the form of what’s been called the “child penalty”—with recent findings indicating a loss up to $500,000 over a 30-year career. Now comes a study asserting that women experience yet another drop in earnings … Read more

Ex-Reform UK employees issue claims for alleged unpaid wages

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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Two former employees of Nigel Farage’s right-wing populist Reform UK party have filed legal complaints against the organisation in a row over money they say the party owes them. The cases were filed this month … Read more

Japan hikes rates to highest since 2008 as sustained inflation, rising wages signal ‘virtuous cycle’ in play

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Bank of Japan Governor Kazuo Ueda responds to questions during a Governors talk on Japanese inflation and monetary policy at the International Monetary Fund (IMF) and the World Bank Group 2024 Fall Meeting in Washington, U.S., October 23, 2024.  Kaylee Greenlee Beal | Reuters The Bank of Japan hiked rates by 25 basis points Friday … Read more

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