Remittance inflows from the Gulf region declined in FY21 compared to FY17, whereas remittance inflows from countries such as the U.S., the U.K., and Singapore, with a higher share of Indian-origin white-collared workers, increased significantly Remittance inflows from the Gulf region declined in FY21 compared to FY17, whereas remittance inflows from countries such as the … Read more
Real pay — workers’ wages that take inflation into account — slumped by 2.8% between March and May compared to the same time last year, according to data released Tuesday by the Office for National Statistics. That’s the fastest decline since the ONS began keeping records in 2001. For months, rising global energy and commodity … Read more
Most Americans weren’t born the last time the federal minimum wage bought as little as it does today. It’s been nearly 13 years since Congress raised the nation’s baseline pay to $7.25 an hour, and that rate is now worth less than at any time in 66 years, a new analysis finds. Factoring in the … Read more