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A long-awaited update to federal overtime rules means about 1.3 million workers will be entitled to extra pay when they work more than 40 hours. But critics say it doesn’t go far enough.
LOUISVILLE, Ky. (AP) — The state’s Labor Cabinet hasn’t secured the necessary bonds from coal companies that would cover wage payments to miners if their employer unexpectedly shuts down, Kentucky Attorney General Andy Beshear said. Beshear, a Democrat running for governor, announced on Thursday that his office examined records of Kentucky companies that should be… Read More
FRANKFORT, Ky. (AP) — Two Democratic lawmakers in Kentucky say they have a proposal that would eventually more than double the state’s minimum wage. Sen. Reggie Thomas of Lexington and Rep. Kathy Hinkle of Louisa say they’ll introduce the measure in the House and Senate during the 2020 session. Their legislation would gradually raise the… Read More
Blackjewel coal miners will have to wait at least another day to learn if the sale of the bankrupt coal company’s mines and equipment will deliver their overdue paychecks. The U.S. Bankruptcy Court for the Southern District of West Virginia recessed Monday after an all-day hearing that yielded few results. The court is scheduled to… Read More
The U.S. House of Representatives voted Thursday to raise the federal minimum wage to $15 an hour, more than double the current $7.25 rate, which has not changed in a decade. The bill is unlikely to clear the Republican-controlled Senate, where Majority Leader Sen. Mitch McConnell of Kentucky has said he will not take it… Read More
The House Financial Services Committee is grilling executives from seven banks Wednesday about overdraft fees and executive pay. The hearing comes 10 years after the financial crisis.
The job market is booming and the economy is expanding. So why aren’t wages keeping pace? That’s the wage puzzle, and some economists and employers offer explanations they say help explain it.