Amazon will offer to pay 100% of college tuition for its 750,000 U.S. hourly employees. The e-commerce giant is following the lead of other large U.S. companies that are dangling similar perk in a tight job market.
Federal stimulus funds have enabled the U.S. Department of Education to make significant investments in under-resourced colleges and universities through the Higher Education Emergency Relief Fund, including more than $2.6 billion to HBCUs.
The percentage of American families with kids who report not having enough to eat fell dramatically after the first child tax credit payments were distributed last month, according to new data from the U.S. Census Bureau.
Overall, nearly 80 percent of U.S. workers now earn at least $15 an hour, up from 60 percent in 2014. Job sites and recruiting firms say many job seekers won’t even consider jobs that pay less than $15 anymore.
Walmart will be investing nearly $1 billion over the next five years to help roughly 1.5 million part-time and full-time Walmart and Sam’s Club associates in the U.S. earn college degrees or learn trade skills.
Companies have become expert at concentrating their profits in jurisdictions with low or zero corporate tax rates. That tax dodge — which is entirely legal — will become much less attractive once this agreement comes into force.