Push in states for $20 minimum wage as inflation persists [CBS News]
United Parcel Service, Inc. (UPS)
Last united parcel service, inc. earnings: 4/28 07:00 am
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Source: CBS News
New York City resident Anthony Rivera, 20, who sorts packages at a United Parcel Service facility in Brooklyn, said he had to take a second job at a grocery store after his food costs soared. "I was sitting at $15 an hour at UPS, and when it came to paying bills and buying groceries, it was starting to become not enough," he said. "That led me to no other option than to pick up another job." New York, California and Massachusetts are among states where pro-labor forces are now pushing proposals that, if approved, would boost minimum wages to $20 or more in the coming years. Inflation has meant that something that cost $15 in 2012 — when labor activists adopted the "Fight for $15" slogan in a push for wage hikes — would probably cost almost $20 today, according to the U.S. Bureau of Labor Statistics. But opponents to the wage hikes say they can be detrimental to small businesses, which already took a major hit during the coronavirus pandemic. Cindy Lee, the owner of a bowlin
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- United Parcel Service, Inc. (NYSE: UPS) had its price target raised by analysts at Bank of America Co. from $157.00 to $160.00. They now have a "neutral" rating on the stock.MarketBeat
UPS
Earnings
- 4/23/24 - Beat
UPS
Sec Filings
- 4/23/24 - Form 8-K
- 4/11/24 - Form PX14A6G
- 3/27/24 - Form 4
- UPS's page on the SEC website