Latest news with #Workers
The Hindu
11 hours ago
- Politics
- The Hindu
Call for including minimum wage guarantee in gig workers' Bill
A gig workers' union has expressed strong opposition to the absence of minimum wage guarantee provisions in the Telangana Platform-Based Gig Workers (Registration, Social Security & Welfare) Bill, 2025. Telangana Gig and Platform Workers' Union (TGPWU) office-bearer Shaik Salauddin said minimum wage was a key demand that would ensure equitable pay for all gig workers. The lack of this very safeguard is problematic. 'What of the minimum wage guarantee? This is one aspect that will protect gig and platform workers from being exploited. When this clause in not made available in the Bill, it puts a lot of workers, who toil in unsafe conditions on bad road, battling heatwaves and rains, in a vulnerable position. Minimum wage guarantee per ride, per trip, per delivery is critical,' Mr Salauddin said. said the TGPWU demanded the inclusion of enforceable minimum wage in the final version of the Bill, and provisions to ensure daily or hourly minimum wages for all platform-based workers. 'We want to urge Chief Minister Reddy and the Labour Minister to take a serious view of the matter and commit to this safeguard. Minimum wage guarantee should be included immediatley,' said. It is estimated that there are around 3.5 lakh to 4 lakh gig and platform workers in Telangana. According to both unions and workers, they work long shifts, which on several occasions go up to 12 hours. An overwhelming majority of gig and platform workers are young men, up to the age of 35 years. In the recent past, the TGPWU had pointed out that those from the backward castes and classes constitute a significant chunk of gig and platform workers, indicating a dire need for government intervention. To further illustrate the difficult conditions in which gig workers work, the TGPWU along with Heat Watch embarked on a survey which revealed that 52% of the respondents experienced heat exhaustion.
CBC
4 days ago
- Business
- CBC
B.C. Labour Board certifies union at Amazon facility in Delta
Workers at an Amazon facility in Delta have been certified to unionize. As Renée Lukacs reports, it comes after the company was accused of union-busting last year.
Yahoo
12-07-2025
- Business
- Yahoo
5 401(k) Rules for Retirees From Fidelity for 2025
In June, Fidelity released its first quarter 2025 Retirement Analysis report. It found that 401(k) balances dipped slightly due to market and policy volatility, but that savings rates remained consistent. And with U.S. stock indexes recovering their all-time highs by the end of the second quarter, many accountholders can celebrate staying the course. Be Aware: Read Next: What rules and advice does Fidelity have for retirees to keep their account balances strong and their fears minimal? The earlier you retire, the longer your savings will need to cover your living expenses. Fidelity recommended saving 10 times your annual earnings if you plan to retire at 67. Workers who retire at 70 can drop that to eight times annual earnings, while those who retire at 65 should plan on 12 times. Anyone who retires at 62 should save even more, at 14 times annual earnings. Check Out: Likewise, you can withdraw more of your nest egg each year if you retire later. If you retire at 62, Fidelity recommends a 3.9% withdrawal rate (based on your initial retirement savings). Workers who retire at 65 can withdraw 4.2%, and those who retire at 67 can withdraw 4.5%. At 70, retirees can pull out 4.9% of their initial retirement savings each year. After the initial year, retirees can then adjust their withdrawals upward by the rate of inflation. Just because you've retired doesn't mean you should stop paying attention to taxes. In years when you owe little money in taxes, consider converting some traditional retirement savings to a Roth account. 'Working with your tax advisor, keep a close eye on tax efficiency,' said Nancy Anderson, CFP, regional planning director at Key Private Bank. 'If your marginal tax rate is on the low end, consider taking some strategic withdrawals now instead of paying more in federal income taxes down the road when your rate may be higher.' In another article, Fidelity said a Roth conversion can be beneficial, though evaluating all factors before making the move is important. Similarly, don't stop paying attention to your asset allocation in retirement. Melissa Murphy Pavone, CFP, founder of Mindful Financial Partners, recommended retirees keep a pulse on their portfolios without panicking. 'Volatility is a signal to rebalance rather than retreat. A diversified portfolio, regularly reviewed, is still the best defense against uncertainty,' she said. Fidelity explained that asset allocation in retirement should be based on three things: time horizon, risk tolerance and financial situation. Whether you've already retired or are still saving for it, nothing sinks a retirement portfolio faster than panic-selling. In fact, Sharon Brovelli, Fidelity's president of workplace investing, highlighted how well retail investors have stuck with their investing strategies and avoided mass sell-offs through volatility in 2025. 'This approach will help individuals weather any type of market turmoil and stay on track to reach their retirement goals,' she said. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 How Far $750K Plus Social Security Goes in Retirement in Every US Region Are You Rich or Middle Class? 8 Ways To Tell That Go Beyond Your Paycheck This article originally appeared on 5 401(k) Rules for Retirees From Fidelity for 2025
Yahoo
12-07-2025
- Business
- Yahoo
5 401(k) Rules for Retirees From Fidelity for 2025
In June, Fidelity released its first quarter 2025 Retirement Analysis report. It found that 401(k) balances dipped slightly due to market and policy volatility, but that savings rates remained consistent. And with U.S. stock indexes recovering their all-time highs by the end of the second quarter, many accountholders can celebrate staying the course. Be Aware: Read Next: What rules and advice does Fidelity have for retirees to keep their account balances strong and their fears minimal? The earlier you retire, the longer your savings will need to cover your living expenses. Fidelity recommended saving 10 times your annual earnings if you plan to retire at 67. Workers who retire at 70 can drop that to eight times annual earnings, while those who retire at 65 should plan on 12 times. Anyone who retires at 62 should save even more, at 14 times annual earnings. Check Out: Likewise, you can withdraw more of your nest egg each year if you retire later. If you retire at 62, Fidelity recommends a 3.9% withdrawal rate (based on your initial retirement savings). Workers who retire at 65 can withdraw 4.2%, and those who retire at 67 can withdraw 4.5%. At 70, retirees can pull out 4.9% of their initial retirement savings each year. After the initial year, retirees can then adjust their withdrawals upward by the rate of inflation. Just because you've retired doesn't mean you should stop paying attention to taxes. In years when you owe little money in taxes, consider converting some traditional retirement savings to a Roth account. 'Working with your tax advisor, keep a close eye on tax efficiency,' said Nancy Anderson, CFP, regional planning director at Key Private Bank. 'If your marginal tax rate is on the low end, consider taking some strategic withdrawals now instead of paying more in federal income taxes down the road when your rate may be higher.' In another article, Fidelity said a Roth conversion can be beneficial, though evaluating all factors before making the move is important. Similarly, don't stop paying attention to your asset allocation in retirement. Melissa Murphy Pavone, CFP, founder of Mindful Financial Partners, recommended retirees keep a pulse on their portfolios without panicking. 'Volatility is a signal to rebalance rather than retreat. A diversified portfolio, regularly reviewed, is still the best defense against uncertainty,' she said. Fidelity explained that asset allocation in retirement should be based on three things: time horizon, risk tolerance and financial situation. Whether you've already retired or are still saving for it, nothing sinks a retirement portfolio faster than panic-selling. In fact, Sharon Brovelli, Fidelity's president of workplace investing, highlighted how well retail investors have stuck with their investing strategies and avoided mass sell-offs through volatility in 2025. 'This approach will help individuals weather any type of market turmoil and stay on track to reach their retirement goals,' she said. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 6 Hybrid Vehicles To Stay Away From in Retirement The New Retirement Problem Boomers Are Facing This article originally appeared on 5 401(k) Rules for Retirees From Fidelity for 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Wall Street Journal
11-07-2025
- Business
- Wall Street Journal
Josh Hawley Doesn't Know What a Monopoly Is
Antitrust laws such as the 1890 Sherman Act and the 1914 Clayton Act have a clear purpose, according to the Justice Department: They 'prohibit anticompetitive conduct and mergers that deprive American consumers, taxpayers, and workers of the benefits of competition.' This means that domination of the market for a particular product or service by one or a handful of firms should be of no particular concern to the government. Only when a business dominates because of anticompetitive practices, or uses its power to prevent competitors from emerging, should the government get involved.
