Tag: wages

United Auto Workers logo on the side of a brick building

How unusual is a 10-percent 401(k) contribution – with no required employee contribution? A reporter asked recently what I thought of the new 401(k) contribution rate in the United Auto Workers (UAW) agreement with Ford, General Motors, and Stellantis.  The companies have agreed to increase their 401(k) contributions from 6.4 percent 10 percent of pay…

President Roosevelt signs the Fair Labor Standards A

In 1938, President Franklin D. Roosevelt signed the Fair Labor Standards Act establishing the federal minimum wage. Yet Section 14(c) of the act allowed employers to pay people with disabilities less than the minimum wage. Under 14(c), these workers, who often have cognitive or intellectual disabilities, are earning as little as $4 or $5 per…