By John Biers, Delphine Touitou
AFP News (Agence France-Presse), Barron's, Jan 31, 2021. Also in International Business Times, Yahoo News, MSN, Raw Story, many more
When President Joe Biden unveiled a $1.9 trillion stimulus proposal earlier this month, few were surprised by the plan's hefty price tag or sweeping scope. More striking was Biden's inclusion of a measure to more than double the federal minimum wage to $15. ...
In response to written questions on whether to index local costs, Treasury Secretary Janet Yellen emphasized the need for a "nationwide" wage hike "phased in over time."
Holly Sklar, the founder of activist network Business for a Fair Minimum Wage, rejected indexing the wage to regional costs.
"The minimum wage is supposed to be something that helps everyone rise," she said. "Any state can go higher."
Read more at International Business Times
Copyright 2021 Agence France-Presse