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Higher Prices on Amazon Cause Retail Ripple Effect
COMP NEWS - Amazon has raised prices by an average of 7.5% this year. According to Amazon, this price rise is due to inflation. That’s particularly true at Amazon, which has raised prices faster than rivals, according to Profitero, an e-commerce data analytics company...
NYC Mayor-Elect Eric Adams Taking First Three Paychecks In Cryptocurrency
COMP NEWS - The New York City mayor-elect joined a few other prominent figures in his open support of crypto, claiming that he is going to take his first three paychecks in Bitcoin and that NYC is set to become a major hub for cryptocurrencies. Two days after winning...
Prices Climbed 6.2 Percent Since Last October, Largest Rise in 3 Decades
COMP NEWS - Overall prices in the United States have risen about 6.2 percent over the last 12 months as a consequence of inflation. Prices rose 6.2 percent in October compared with a year ago, the largest annual increase in about 30 years, as rising inflation...
City Employees in Virginia Beach Struggle to Support a Family on State Wages
COMP NEWS - A report from The Commonwealth Institute for Fiscal Analysis, a non-profit advocacy group, found that many city employees in Virginia Beach and Newport News do not earn enough compensation from their jobs to support a family. The report, released last...
The US Government Dramatically Underestimated Job Growth This Summer
COMP NEWS - The Bureau of Labor Statistics (BLS) underestimated job growth by more than 626,000 jobs for the months of June through September. This indicates that the labor market’s pandemic recovery was much quicker than we initially thought. The revisions have...
10,000 John Deere Union Workers Make Historic Gains, Ending Five-Week Strike
COMP NEWS - Over the last five weeks, more than ten thousand John Deere employees have been on strike demanding higher wages. These requests were recently met as John Deere has agreed to a proposal providing a 20% increase in wages over the next six years and an...
Wages are rising, but can they keep up with inflation?
COMP NEWS - The Federal Reserve is in a tough position. On one hand, the country continues to experience nationwide strike efforts as employees demand higher wages and better benefits. On the other side, the country is suffering severe supply chain problems and...
Massachusetts Senate Approves $3.82 Billion Stimulus Package With $500 million For Essential Workers
COMP NEWS - The Massachusetts Senate approved a bill that will spend $500 million on bonuses for essential workers as well as $500 million for unemployment insurance. The rest of the funds have yet to be allocated. Legislative leaders agreed to two cornerstones of the...
Average Family Premiums Rose 4% This Year; Employers Boost Mental Health and Telemedicine
COMP NEWS - According to a benchmark KFF Employer Health Benefits Survey, the average employer-sponsored health insurance rose to an average of $22,221 this year. Annual family premiums for employer-sponsored health insurance rose 4% to average $22,221 this year,...
Salary Study for University of Wisconsin Staff Brings Concerns
COMP NEWS - Recently, the University of Wisconsin System undertook a study evaluating their current pay levels and job titles to develop new pay ranges for many positions. This left some employees concerned that their current pay may be reduced if they receive a new...
Discussing Human Capital: Are S&P 500’s in Compliance with the New SEC Disclosure Requirement?
COMP NEWS - After a new requirement was added to the 10-K “Business” section by the US Securities and Exchange Commission last year, a survey sought to gauge how the requirement was treated by America’s largest companies. The new requirement stated that: Specifically,...
Northeast Ohio Labor Strikes Continue; Akron Metro RTA Employees Threaten To Walk Off
COMP NEWS - A degree of labor unrest has spread across the country, as unions demand higher wages amidst historically high inflation rates. Akron Metro RTA employees are threatening to walk off the job Thursday. In Ashtabula County, the Geneva teachers union...
Connecticut Employers Offer New Incentives and Flexibility to Lure Workers
COMP NEWS - Companies are offering bonuses in an attempt to fill jobs. Companies continue to offer bonuses, particularly for seasonal jobs like holiday package delivery. A United Parcel Service job ad on Friday offers $21 an hour along with $125 extra per week for...
Strong U.S. Payrolls Brighten Economic Outlook; Millions Still Missing From Workforce
COMP NEWS - Despite many businesses increasing overall compensation for employees, the unemployment rate still remains much higher than pre-pandemic levels. U.S. employment increased more than expected in October as the headwind from the surge in COVID-19 infections...
