Walmart will cover 100% of college tuition for its workers with LBU program
Walmart will pay for full college tuition and book costs at some schools for its US workers, the latest effort by the largest private employer in the country to sweeten its benefits as it seeks to attract and retain talent in a tight job market. © Robyn Beck/AFP/Getty Images An employee gathers shopping carts at Walmart, July 22, 2020 in Burbank, California. The program includes 10 academic partners ranging from the University of Arizona to Southern New Hampshire University. Participants must remain part-time or full-time employees at Walmart to be eligible.
© Yves Herman / Reuters The European flag before the European Commission in Brussels, March 24, 2021.
The European Commission adopted Monday 6 December a proposed law aimed at Promote the increase in minimum wages.
The 27 member countries of the European Union have adopted Monday 6 December a common position on new European rules aimed at improving the low wages in Europe , considered a step forward against social dumping.
"The work must pay. We can not accept that people who are totally involved in their work, still live in poverty ", said Jantez Cigler Kralj, Slovenian Minister of Social Affairs, cited in a statement.
Jalen Green out at least a week
large disparities by country
The legislative proposal of the European Commission, presented in October 2020, provides for binding rules for the 21 EU countries already with a minimum wage to promote their increase, but does not fix European minimum threshold uniform.
The text also does not oblige to introduce a minimum wage in the six countries that do not (Austria, Cyprus, Denmark, Finland, Italy, Sweden).
The common position of the Member States, which validates the essence of this text, will make it possible to negotiate with
the European Parliament which adopted its position at the end of November . Once an agreement is found, Member States will have two years to transpose legislation into their national law.
The twenty-seven are historically very divided on the subject because of the diversity of national remuneration fixing systems and minimum wages vary widely within the EU, ranging from 312 € to Bulgaria, to € 2,142 in Luxembourg. , according to figures published last year.
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If countries, such as France, grow for
"to converge" low wages as quickly as possible, other braking. Eastern Europe fears a rapid catch-up that would reduce its competitiveness. The Scandinavian countries oppose any state intervention and a questioning of their social model based on proven collective agreements.
The compromise found Monday has finally benefited from an
"wide support" among the member countries "but a strong message of not departing from the text was sent to the French" which will ensure the rotating presidency of the EU for six months from January, said a European diplomat that provides for "difficult negotiations" with Parliament.
The proposal encourages collective wage bargaining and claims an action plan to Member States where less than 70% of employees are covered by a collective agreement. It also compels them to report annually on their salary fixing mechanisms.
For countries with a minimum wage, the text will impose greater transparency and governance in their fixation, with
"clear and stable criteria" based in particular to the level of wealth and productivity. It will force the "Regular Revaluation" minimum wages with the involvement of the social partners.
Big wage gap among factors hindering Latino economic mobility, report finds .
A report by McKinsey and Company looking at Latino economic mobility found that a wage gap is among the challenges facing Hispanics.The wage gap for Latinos is as high as $288 billion per year, according to "The economic state of Latinos in America: The American dream deferred," a report by McKinsey & Co. in partnership with the Aspen Institute, which was released Wednesday.