The Denver Post - - BUSINESS -

MIN­NEAPO­LIS» The Min­neapo­lis City Coun­cil voted over­whelm­ingly on Fri­day to raise the city’s min­i­mum wage to $15 an hour over the next few years, join­ing other large U.S. cities that have in­creased ba­sic wages.

The or­di­nance passed 11-1. For large busi­nesses with 100 or more em­ploy­ees, the higher wage will be phased in over five years, start­ing with an in­crease to $10 an hour from the cur­rent state min­i­mum of $9.50 on Jan. 1, 2018. The higher wage will be phased in for smaller busi­nesses over seven years. The $15 min­i­mum wage will be fully im­ple­mented city­wide by July 2024.

La­bor Depart­ment looks ato ver­time rules.

The La­bor Depart­ment says it wants salary level to count when it de­ter­mines who is el­i­gi­ble for over­time pay. But it’s hold­ing off set­ting the max­i­mum pay a worker can get and still qual­ify. That’s ac­cord­ing to a brief filed Fri­day in fed­eral court in New Or­leans in a case over whether the Obama ad­min­is­tra­tion had the right to dou­ble the thresh­old to around $47,000.

En­ergy com­mis­sion down too ne.

The five­mem­ber com­mis­sion that over­sees nat­u­ral gas pipe­lines and other en­ergy projects is down to a sin­gle com­mis­sioner as one of the panel’s two re­main­ing mem­bers steps down. The de­par­ture of Demo­crat Co­lette Hon­or­able from the Fed­eral En­ergy Reg­u­la­tory Com­mis­sion hob­bles the panel’s abil­ity to make de­ci­sions on projects worth bil­lions of dol­lars.

Con­sumer spend­ing barely up.

Amer­i­cans en­joyed a healthy in­crease in in­come last month but didn’t spend much of the gain. The Com­merce Depart­ment says per­sonal in­come rose 0.4 per­cent in May, but spend­ing in­creased just 0.1 per­cent.

Rigs fall by 1.

The num­ber of rigs ex­plor­ing for oil and nat­u­ral gas in the U.S. fell by one this week to 940, ac­cord­ing to Hous­ton oil­field ser­vices com­pany Baker Hughes.

Among ma­jor pro­duc­ing states, Texas gained one rig. Alaska and Colorado each lost one.

Ivank awo rks fo rfr ee; oth­ers paid well.

More than 40 per­cent of White House staffers earn in ex­cess of $100,000 a year. The White House re­leased de­tails about staff salaries on Fri­day. Among those for­go­ing a salary are Trump’s daugh­ter Ivanka and her hus­band, Jared Kush­ner. The As­so­ci­ated Press

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