World
Minimum wage: The lowest pay rates across the states

Minimum wage: The lowest pay rates across the states

Fast food workers in California might be looking at a hefty pay rise after the Golden State governor signed a bill that could see minimum wage within the industry jump to $22 an hour. As charted above, California’s minimum wage is already the nation’s joint third-highest, with the base level at $14 an hour — or $15 for companies with over 25 employees.

Wage against the machine

As inflation erodes the value of people's pay packets, workers are increasingly seeking out more rewarding employment opportunities in one of the tightest labor markets on record.

At the same time, union support in the US has hit a 57-year-high, with the approval rating for labor unions now sitting at some 71%. High-profile unionization efforts at corporate giants like Amazon and Starbucks have sparked conversations on pay and working conditions at an increasing number of companies.

In states like Texas, Georgia, and some 18 others, there isn’t a state-set minimum wage. That means that, for workers covered by the Fair Labor Standards Act, they default to the federal minimum of $7.25 an hour — a figure which hasn’t shifted since 2009.

More World

See all World
world

Solar generated more power than coal for the first time in US history

At the same time that the Trump administration is pushing further toward coal power, announcing plans only last week to invest almost $700 million into reviving the industry, a key renewable energy source has just hit a major milestone in the US.

New data from energy think tank Ember, released Wednesday, shows that solar supplied 12.8% of US energy generation in May — marking not only the highest share ever recorded for the clean energy source, but also the first time that solar has generated more monthly energy than coal in the US, which supplied 12.2%.

Coal vs Solar May 2026
Sherwood News
world

US and Iran trade strikes overnight amid peace talks

Hours after President Donald Trump dismissed a report regarding a deal to restore traffic through the Strait of Hormuz, the US and Iran exchanged fresh strikes early on Thursday.

Despite an ongoing ceasefire as the countries hold talks to end the conflict, the US carried out new strikes inside Iran, The Guardian reports, prompting a retaliatory attack from Iran on a US airbase in Kuwait.

Latest Stories

Sherwood Media, LLC and Chartr Limited produce fresh and unique perspectives on topical financial news and are fully owned subsidiaries of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Money, LLC, Robinhood U.K. Ltd, Robinhood Derivatives, LLC, Robinhood Gold, LLC, Robinhood Asset Management, LLC, Robinhood Credit, Inc., Robinhood Ventures DE, LLC and, where applicable, its managed investment vehicles.