Protesting for higher pay outside of a Boston Whole Foods. Photo: Pat Greenhouse/The Boston Globe via Getty Images

Although some companies have temporarily raised wages as a form of hazard pay for essential workers, the majority have not.

By the numbers: Those offering hazard pay include 46% of grocers and other essential retailers and 29% of health-related employers, reports the Wall Street Journal.

Why it matters: The argument for hazard pay is simple: Compensation should account for risks taken at work. "In the investment world, the more risk you take, the more money you make," says UFCW's Perrone. "In this case, we have workers taking more risks and being more productive."

What's happening: Some lawmakers have proposed including hazard pay for essential workers as part of the next coronavirus relief package.

  • Sen. Mitt Romney's "Patriot Pay" plan would give up to $12 an hour in bonuses to those making under $50,000 a year.
  • House Democrats' proposal, released today, includes a $200 billion "Heroes Fund" to provide hazard pay to essential workers.

The bottom line: Without federal action, pay for low-wage essential workers will dwindle back to pre-pandemic levels, as more and more firms follow Kroger's example.

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Erica Pandey, author of @Work
Aug 18, 2020 - Economy & Business

Coronavirus brings a wave of early retirements

Photo illustration: Annelise Capossela/Axios. Photo by George Rinhart/Corbis via Getty Images.

The coronavirus is already triggering early retirements. That's bad news for the American economy, experts say.

Why it matters: "It’s a missed opportunity if people are being forced to retire early," London Business School's Scott says. "There's a big impact on their lifetime earnings and a big impact on lifetime expenditures. And that has macroeconomic consequences."

Updated 22 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Chris Christie: Wear a mask "or you may regret it — as I did" — Senate Democrats block vote on McConnell's targeted relief bill.
  2. Business: New state unemployment filings fall.
  3. Economy: Why the stimulus delay isn't a crisis (yet).
  4. Health: FDA approves Gilead's remdesivir as a coronavirus treatment How the pandemic might endMany U.S. deaths were avoidable.
  5. Education: Boston and Chicago send students back home for online learning.
  6. World: Spain and France exceed 1 million cases.

FBI: Russian hacking group stole data after targeting local governments

FBI Headquarters. Photo: Mark Wilson/Getty Images

Energetic Bear, a Russian state-sponsored hacking group, has stolen data from two servers after targeting state and federal government networks in the U.S. since at least September, the FBI and Cybersecurity and Infrastructure Security Agency said on Thursday.

Driving the news: Director of National Intelligence John Ratcliffe announced Wednesday that Iran and Russia had obtained voter registration information that could be used to undermine confidence in the U.S. election system.