Vermont Business Magazine, Jan 26, 2021
In a press conference today, incoming Senate Budget Committee Chairman Bernie Sanders (I-Vermont) joined incoming Senate HELP Committee Chair Patty Murray (D-WA), House Committee on Education and Labor Chairman Bobby Scott (D-VA), Congressional Progressive Caucus Chair Pramila Jayapal (D-WA), and Representative Stephanie Murphy (D-FL) to announce the introduction of legislation raising the federal minimum wage to $15 by 2025. ...
"Raising the federal minimum wage to $15 by 2025 will be a boost to the economy, and a boost to our sales. Raising wages is good business. Paying people fairly leads to greater staff retention, which reduces the cost of hiring and training new people to replace employees who leave. And fair pay leads to better quality, better ideas and better customer service,” said Mike Draper, owner of Raygun LLC, an Iowa-based clothing and home goods company and member of Business for a Fair Minimum Wage. ...