Lowe's announces $55 million bonus for hourly employees to offset inflation
The company is one of many providing bonuses, wage increases or additional benefits as inflation rises and labor shortages persist.
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The company is one of many providing bonuses, wage increases or additional benefits as inflation rises and labor shortages persist.
Average hourly wages have increased by more than 5% over the past year, but the inflation has grown by nearly 8% over that same period. Laura Veldkamp, a professor of finance and economics at Columbia Business School, spoke with CBS News' Tony Dokoupil and Lilia Luciano about how rising prices are outpacing wage increases nationwide.
Following $15 dollar an hour law passage victories in New York, California and Pennsylvania, Fight for 15 protesters advocated in more than 300 cities on Thursday for a nationwide rise in minimum wage and the right to unionize. They marched from Times Square to the annual New York State Republican GOP Gala at the Grand Hyatt Hotel to join protesters rallying against GOP candidates’ opposition to raise wages. Video produced by Anisah Jabar.
Congress is moving closer to passing President Biden's $1.9 trillion coronavirus relief package without the minimum wage increase the bill originally included. Cedric Richmond, a senior adviser to President Biden, joins CBSN's "Red & Blue" host Elaine Quijano to discuss plans to push for the $15 minimum wage, as well as calls to eliminate the Senate filibuster, the growing number of unaccompanied migrant children entering the U.S., violence against Asian Americans, and closing racial inequities in the U.S.
The House is expected to pass President Biden's $1.9 trillion coronavirus relief package this week. Michigan Democratic Congressman Andy Levin joins CBSN's "Red & Blue" host Elaine Quijano to discuss why he's pushing for a minimum wage increase to be included in the final package.
The "vital" salary hikes come as the federal minimum wage has been stagnant for nearly 13 years.
Nation's second-largest bank has said it plans to boost the company's baseline hourly pay to $25 by 2025.
Federal Reserve raising interest rates; Hawaii lawmakers pass bill to raise minimum wage
More than 90% of workers at Dollar General earn below $15 an hour, according to survey from economic think tank.
White House Council of Economic Advisers member Jared Bernstein joins Major to talk about the American Relief Plan, economic inequality caused by the pandemic, and the debate over a $15 national minimum wage on this week's episode of "The Takeout with Major Garrett."
The nation's capital will join 15 states where recreational pot is legal.
Crafts chain's 43,000 employees are getting a big raise next month. Elsewhere, Taco Bell to pay $15 base by mid-2024.
An international manhunt is underway for the gunman who opened fire inside a crowded Istanbul nightclub on New Year's Eve; The little known story of several unsung heroes of the U.S. space program are finally getting their due on the big screen
Courts to take a closer look at sexual harassment; woman adopted by American family reunited with Chinese birth parents.
Federal contractors in 2022 must pay workers at least $15 an hour, boosting their average income by $3,000 per year.
The gap between what average U.S. workers produce and what they earn has grown ever wider. That's a problem.
Support for minimum wage hike cuts across income levels, but there are some political divisions.
Drugstore chain joins Chipotle, Southwest Airlines and other big companies moving to raise their hourly wage.
Democrats are hoping to expand their slim Senate majority in 2022, and Wisconsin could be at the top of their target list. The incumbent up for reelection in the Badger State is Ron Johnson, and the two-term senator hasn't committed to another run. Wisconsin Lieutenant Governor Mandela Barnes, one of the Democrats running for the seat, spoke with CBSN's Tanya Rivero about his campaign.
As CBS affiliate KHOU-TV's David Gonzalez reports, hundreds took part in four-day march in Texas in support of voting rights. Participants denounced proposed changes to the state's voting laws. CBS News legal contributor Jessica Levinson joins CBSN's Lana Zak with more on the increased pressure on the White House to pass federal legislation that would protect the right to vote.
The bank joins Amazon, Chipotle and McDonald's on a short list of big companies that recently hiked their hourly wages.
Disneyland workers held a rally to demand a higher minimum wage of at least $20. At least one in 10 of the workers is homeless or living out of their car, and some say they even go without food. Unions for the park staff are in negotiations with management.
Chipotle Mexican Grill is hiking its average hourly pay to $15 as it vies for workers in an increasingly tight U.S. labor market. CBS Los Angeles has the details.
Mexican-themed food chain says it wants to hire 20,000 workers and open 200 new eateries across the U.S. this year.
A deadly bus crash left at least 30 people dead in Peru. Closer to home, the minimum wage is going up in several states and Wall Street starts 2018 on a high note.
The Justice Department early Tuesday released more than 11,000 additional documents and photos from the Jeffrey Epstein files.
President Trump has overhauled parts of the White House at a sprinter's pace with virtually no oversight, and it appears there is little standing in his way.
President Trump invoked a law called Title 10 to bring members of the Illinois National Guard under federal service over the objections of state and local leaders.
Two people were killed and at least 20 more were injured in an explosion at a nursing home in Bristol, Pennsylvania, officials said.
The Department of Homeland Security says it's replacing its longstanding lottery system for H-1B work visas with an approach that prioritizes skilled, higher-paid foreign workers.
Ukrainian President Volodymyr Zelenskyy says a plan to end his country's war with Russia might include the establishment of demilitarized zones between Ukrianian and Russian forces.
Authorities said Melodee Buzzard's body was found in a rural area outside of Cainville, Utah, and her mother was arrested Tuesday morning.
The declaration issued by the U.S. Department of Health and Human Services called treatments like puberty blockers, hormone therapy and surgeries unsafe and ineffective for children and adolescents experiencing gender dysphoria.
NORAD, the North American Aerospace Defense Command, tracks Santa's Christmas Eve flight around the world each year. Follow a live map of the tracker here.
NORAD, the North American Aerospace Defense Command, tracks Santa's Christmas Eve flight around the world each year. Follow a live map of the tracker here.
President Trump has overhauled parts of the White House at a sprinter's pace with virtually no oversight, and it appears there is little standing in his way.
A prominent California farmer was arrested in the shooting death of his estranged wife in a remote mountain community in Arizona, authorities said.
Many businesses adjust their hours on Christmas Eve, so it's best to plan ahead if you need to do any last-minute shopping.
The declaration issued by the U.S. Department of Health and Human Services called treatments like puberty blockers, hormone therapy and surgeries unsafe and ineffective for children and adolescents experiencing gender dysphoria.
The Department of Homeland Security says it's replacing its longstanding lottery system for H-1B work visas with an approach that prioritizes skilled, higher-paid foreign workers.
A prominent California farmer was arrested in the shooting death of his estranged wife in a remote mountain community in Arizona, authorities said.
Many businesses adjust their hours on Christmas Eve, so it's best to plan ahead if you need to do any last-minute shopping.
The Education Department signaled earlier this year that it would move to resume wage garnishment, among other forms of involuntary collection, for those in default.
Job listings for store Santas have plunged in recent years as more families shop online and retailers look to contain costs, a new analysis found.
The Department of Homeland Security says it's replacing its longstanding lottery system for H-1B work visas with an approach that prioritizes skilled, higher-paid foreign workers.
President Trump has overhauled parts of the White House at a sprinter's pace with virtually no oversight, and it appears there is little standing in his way.
The declaration issued by the U.S. Department of Health and Human Services called treatments like puberty blockers, hormone therapy and surgeries unsafe and ineffective for children and adolescents experiencing gender dysphoria.
The Education Department signaled earlier this year that it would move to resume wage garnishment, among other forms of involuntary collection, for those in default.
President Trump invoked a law called Title 10 to bring members of the Illinois National Guard under federal service over the objections of state and local leaders.
The Food and Drug Administration has approved a pill version of the weight-loss drug Wegovy.
A federal judge has approved a preliminary agreement for a class action lawsuit requiring Aetna to cover fertility treatments for same-sex couples as they do with heterosexual couples.
Doctors and scientists say this year's influenza season could be tougher than usual, with a new version of the flu virus, called H3N2, spreading quickly.
#LillyPartner Cancer clinical trials can offer patients access to investigational treatments that can be explored as early as the time of diagnosis. Ovarian cancer survivor Alicia Dellario and Dr. Arjun Balar, senior vice president of global clinical development at Eli Lilly and Company, join "CBS Mornings" to talk about the potential benefits of cancer clinical trials -- and clarify common misconceptions. Visit cancerclinicaltrials.lilly.com for more information. (Sponsored by Eli Lilly and Company)
The Centers for Disease Control and Prevention estimates there have been 4.6 million flu cases across the U.S. since the season began. Dr. Amanda Kravitz, a pediatrician at Weill Cornell in New York, explains what to know about rising cases, symptoms to watch for and how to protect your family.
Ukrainian President Volodymyr Zelenskyy says a plan to end his country's war with Russia might include the establishment of demilitarized zones between Ukrianian and Russian forces.
Three people, including two police officers, were killed in an explosion in Moscow, Russian investigators said, days after a car bomb killed a high-ranking general not far away.
Maintenance workers secured metal bars over the window thieves used to break into the Louvre in October.
Russia fired more than 650 drones and three dozen missiles at Ukraine in a major pre-Christmas attack, killing at least three people including a child.
The U.S. military says it struck a vessel that was allegedly carrying drugs in the eastern Pacific on Monday, killing one person — part of a months-long campaign of boat strikes near Latin America.
Feeding America's CEO said the organization is "incredibly grateful" for Taylor Swift's large donation.
Actor Mandy Patinkin and writer and director Aram Rappaport are behind the new murder mystery series, "The Artist," which is a work of historical fiction set in the Gilded Age. They speak to "CBS Mornings" about the series and how it got started. Patinkin also reflects on the life of Hollywood icon Rob Reiner.
Aubrey O'Day discusses the disturbing witness affidavit involving Sean "Diddy" Combs in a "CBS Mornings" interview on Tuesday.
The 2025 Kennedy Center Honors will be broadcast tonight, Dec. 23, celebrating George Strait, Gloria Gaynor, Kiss, Michael Crawford and Sylvester Stallone.
Vince Zampella, a video game developer known for pioneering iconic franchises like "Call of Duty," died in a car crash on the Angeles Crest Highway in Los Angeles County on Sunday afternoon.
Instacart says its ending its controversial system of using AI price tests for retailers. Earlier this month, an investigation by Consumer Reports and progressive think tank Groundwork Collaborative found that Instacart's algorithmic pricing charged various prices for the same item from the same store. Jo Ling Kent reports.
Massive tech companies wanting to build more data centers in the U.S. are lobbying for support among Americans, according to a recent report by POLITICO. Gabby Miller joins CBS News with more on her reporting.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Timothy Werth, a tech editor at Mashable, joins "CBS News 24/7" to discuss the best gadgets of 2025.
Instacart had drawn criticism for testing an AI-based system that enabled retailers to charge different prices for the same grocery items.
The Trump administration intends to dismantle one of the world's leading climate research institutions, in Boulder, Colorado, over what it said were concerns about "climate alarmism."
The footage of a bear caring for an adopted cub was captured during the annual polar bear migration along the Western Hudson Bay in Churchill, Manitoba.
Most of the footprints are elongated and made by bipeds. The best-preserved ones bear traces of at least four toes.
NASA continues to aim its space telescopes at the visiting ice ball, estimated to be up to 3.5 miles in size.
Paleontologists have discovered and documented 16,600 footprints left by theropods, the dinosaur group that includes the Tyrannosaurus rex.
A prominent California farmer was arrested in the shooting death of his estranged wife in a remote mountain community in Arizona, authorities said.
Rahmanullah Lakanwal, a 29-year-old Afghan national, is accused of fatally shooting Army Spc. Sarah Beckstrom and wounding Air Force Staff Sgt. Andrew Wolfe.
California authorities announced Tuesday they have found the body of 9-year-old Melodee Buzzard and arrested her mother for murder. See the full news conference.
A Delaware state trooper was killed Tuesday during a shooting at a Wilmington DMV, the Delaware State Police said. The state's governor confirmed the shooter is also dead.
The DOJ released more than 10,000 files in the Jeffrey Epstein case. The release includes court records, emails, news clippings, photos, spreadsheets, audio and video files. It also offers new details on Epstein's associates, including President Trump. Mr. Trump has not been charged in connection with Epstein and the new documents do not accuse him of any crime. Scott MacFarlane has more.
NASA astronauts took their first drive on the moon 54 years ago. Now, three companies are competing for a NASA contract to build a new lunar rover for use starting with the Artemis 5 mission in 2030. Kris Van Cleave reports.
NASA is gearing up to send four Artemis astronauts on looping test flight around the moon in 2026.
A German aerospace engineer made history Saturday, becoming the first wheelchair user to go into space when she took a 10-minute trip aboard a Blue Origin rocket.
German engineer Michaela Benthaus is the first person with a significant physical handicap to reach space.
President Trump withdrew Isaacman's nomination for NASA administrator in April, before nominating him again in November.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Two people are dead after an explosion at a nursing home in Bristol, Pennsylvania, and several are still missing, Gov. Josh Shapiro said. CBS Philadelphia reporter Nikki DeMentri reports.
When the Canadian Pacific Kansas City holiday train rolls into town, the tracks transform into a holiday festival. Lana Zak has the story.
Between now and 2030, about 10,000 Americans will turn 65 every single day, giving rise to a term known as the "sandwich generation" -- adults who find themselves caring for their aging parents while still raising their own children. CBS News spoke to one woman about her struggles.
Regulators at the U.S. Food and Drug Administration gave the green light to a pill version of the blockbuster weight-loss drug Wegovy, the first daily oral medication approved to treat obesity. Dr. Jon LaPook has more.
Federal investigators are looking into what caused a deadly plane crash in Galveston Bay, off the Texas coast. A medical plane transporting a child burn victim from Mexico went down with eight people on board. Five were killed, including the 2-year-old. Karen Hua has more on the rescue mission.