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As reported by Bloomberg News , interns at Wall Street firms are getting bigger paychecks this year, as the finance industry seeks to attract more young people disillusioned by layoffs in tech.

“Most Wall Street professionals will have to wait another year for a rebound,” said consultant Alan Johnson.

Key Takeaways ;Missouri Supreme Court Upholds $15 Minimum Wage, Paid Sick Leave; ;Wall Street Bonuses to Drop Amid Market Uncertainty;Failure to Pay OT Wages Costs California Employer $1.4M; ;Colorado Lawmakers Seek to Scale Back AI Law; ;Spain Moves Ahead to Reduce Workweek to 37.5 Hours; Missouri Supreme Court Upholds $15 Minimum Wage, Paid Sick Leave Missouri’s Supreme Court voted on Tuesday, April 29, to uphold Proposition A , which will raise Missouri’s minimum wage to $15 per hour and enact statewide paid sick leave.

Key Takeaways States Decide Key Ballot Measures on Minimum Wage, Paid Sick Leave;NLRB Rules Captive Audience Meetings Are Unlawful;Report: Wall Street Bonuses Will Rise for the First Time Since 2021;Southwest Offering Buyouts to Airport Workers;Boeing Will Repay Furloughed Staff, Proceed with Job Cuts; States Decide Key Ballot Measures on Minimum Wage, Paid Sick Leave The 2024 elections have concluded, and employers may want to keep an eye on the outcomes of several key state ballot measures that likely will have significant implications for wage policies, employee benefits and compliance requirements, according to employment law firm Ogletree Deakins .

Goldman Sachs Group Inc. is considering another round of job cuts amid a muted dealmaking environment that has dented revenues across Wall Street, Bloomberg News reports .

South Carolina House Bill 3450 , introduced Jan. 10, 2023 (eventually died in committee); reintroduced as House Bill 4850 , introduced Jan. 10, 2024 (eventually died in committee); reintroduced as House Bill 3793 , introduced Jan. 28, 2025; referred to Ways and Means Committee Current version of legislation still being polished in committee; previous version also proposed to exempt up to $2,500 in annual bonus pay from being taxed.

More than 4,500 people died in England in 2022 due to high temperatures, which was the largest figure on record, reported The Guardian .

In addition, WTW tracks the SEC’s Compliance and Disclosure Interpretations (C&DIs) that accompanied the final rules, most recently in November 2023 (see SEC issues November 2023 guidance on pay versus performance ).

Equal Pay Champion Lilly Ledbetter Dies at 86 As reported by the Associated Press , Lilly Ledbetter, a former Alabama factory manager whose lawsuit against her employer made her an icon of the equal pay movement and led to landmark wage discrimination legislation , died Oct. 12 at the age of 86.

At the full retirement age, SSDI benefits are converted to retirement benefits and are paid from the OASI trust fund rather than the DI trust fund.