wages

Lyft Extends 70% Pay Standard to Drivers Nationwide

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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California Uber Drivers Reap $1 Billion in Benefits Since 2020
California Uber Drivers Reap $1 Billion in Benefits Since 2020
April 26, 2024  |  Gig Economy

Uber says it has made an investment exceeding $1 billion in benefits for its California drivers and couriers since 2020. This investment is aimed at...

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Congress Advances Earned Wage Access Bill as Popularity Grows
Congress Advances Earned Wage Access Bill as Popularity Grows
April 18, 2024  |  Personal Finance

When is a loan not a loan? That is, in one sense, the question at the heart of proposed new federal legislation around earned wage access (EWA)...

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Wagestream Raises $21.8 Million to Expand Financial Well-Being App
Wagestream Raises $21.8 Million to Expand Financial Well-Being App
April 18, 2024  |  Investments

Wagestream, a financial well-being app focused on frontline workers, has raised 17.5 million pounds (about $21.8 million) in a funding round. That total includes an...

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