May 6, 2022

Employers continue to face pressure to raise wages in a tight labor market

New data show that hourly wages are up by 5.6 percent on average as of March, but employees are demanding more from employers in a strong labor market. Olivier Douliery/AFP via Getty Images

Workers are continuing to flex their bargaining power in a tight labor market. Average hourly earnings were up 5.6% in March, compared to a year ago. Employers are giving raises and boosting starting salaries to retain and attract workers. Plus, Fidelity Investments' plan to allow investors to invest in cryptocurrency as part of retirement accounts is facing questions from lawmakers, including Democratic Sen. Elizabeth Warren of Massachusetts. Businesses that provide medication abortions are facing new demand and challenges amid the leaked draft of the Supreme Court opinion that would overturn Roe v. Wade.

Segments From this episode

Crypto in your 401(k)? Fidelity's plan now faces questions from senators

by Lily Jamali

May 6, 2022

Fidelity Investments says it will allow employers to add bitcoin to retirement portfolios, but Sen. Elizabeth Warren is among those critical of the decision.