Employers continue to face pressure to raise wages in a tight labor market
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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
Fidelity Investments says it will allow employers to add bitcoin to retirement portfolios, but Sen. Elizabeth Warren is among those critical of the decision.
On average, wages aren't rising as fast as inflation. But not all workers are getting average raises.
David Brancaccio Host
Victoria Craig Host, BBC
Stephen Ryan Senior Producer, BBC
Jonathan Frewin Producer, BBC
Jay Siebold Technical Director
Meredith Garretson Morbey Senior Producer
Erika Soderstrom Producer
Rose Conlon Producer
Alex Schroeder Producer
Redmond Carolipio Digital Producer
Ariana Rosas Producer
Jesson Duller Media Producer