Florida just became the 8th state to adopt a $15 minimum wage

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The Sunshine State’s current minimum wage is $8.56. Florida voters think it should be much higher. Florida voters just passed an amendment to increase the minimum wage from $8.56 an hour to $15 an hour by 2026, making Florida the eighth state to adopt a $15 minimum wage. As in other states, the amendment will gradually increase the wage floor over the next six years, raising it to $10 next year and then upping it by $1 each year until the minimum wage reaches $15 in 2026. Read Full Story

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We’ll never solve the wage gap without better, transparent data

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The CEO of organizational management startup ChartHop says it’s only with insight into earnings and trends across demographics that we can start dealing with inconsistent compensation policies. If your company released a document with everyone’s compensation, would you be shocked by what you saw? The prospect of compensation transparency can be a powerful litmus test for equal pay in the workplace. When comp planning is fair and unbiased, employees across the board should feel good about how salary and equity is allocated and how that ties in to their experience, roles, level, and function. Read Full Story

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This startup wants workers to get access to their wages before payday

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Immediate wants to offer a way to get money you earned faster in case you have an emergency bill, for a small flat fee instead of a high-interest loan. Imagine you have an electric bill due Wednesday, but you don’t get paid until Friday. Then you got a flat tire. You need to fix the car to make it to work for the rest of the week, and you also still need to buy groceries. That bill payment will have to wait, which means you could end up with a penalty, a ding against your credit score, or even with your lights shut off. Read Full Story

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How underrepresented workers can and should fight for equal pay

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A Latina executive points out that being paid unfairly impacts your credibility as a professional and keeps you held down so it’s important to eliminate your wage gap. I understand adversity. I’ve lived it. I was raised by a single mother who emigrated to the U.S. from Colombia when she was 18. She spent years moving from one low-paying job to the next. When I was in kindergarten, we lost our home. My mom, abuela, my two siblings, and I packed our things and moved in with my tia Alba. Read Full Story

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The long and frustrating history of the gender wage gap

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It’s been a road fraught with sexism and discrimination, and some estimates suggest it will still take 40 years to close the pay gap between the average man and woman—and much longer if you factor in race. If you look at average national pay-disparity numbers, you can calculate that it will take American female workers until March 24 of this year to earn the same amount of money that men did performing the same work over the course of 2020. This is why activist group the National Committee on Pay Equity designated March 24 Equal Pay Day for 2021. According to research from PayScale, the “uncontrolled gender pay gap” (defined as the ratio of the median earnings of women to men without controlling for various factors such as race) has decreased just 7¢ since 2015; in 2020, women earned 81¢ for every $1 a man made. Read Full Story

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Why companies based on gig work are hurting more than their employees

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High-flying scooter and ride-share companies risk both their employees’ well-being and bottom line by relying on contract-work models. Imagine that one of two people will be responsible for your safety. The first receives health and dental benefits, earns more than minimum wage, has clear advancement options within their company, and may even belong to a union. The second has no insurance benefits, works wildly erratic hours, feels no allegiance to their company , and makes less money. Which person would you pick? Read Full Story

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