Op-Ed By Ashraf Hijaz, Owner, Beauty & Beyond
... During my nearly 20 years in business, I’ve learned a key lesson: When people make more money, they spend more money, and that’s good for business. ...
Op-Ed By Holly Sklar, CEO, Business for a Fair Minimum Wage
... Some people say we can’t raise the minimum wage now because times are hard. Well, if we hadn’t raised the minimum wage in hard times, we wouldn’t have a minimum wage to begin with. ...
By Aimee Picchi
CBS News MoneyWatch, July 24, 2020
It's been 11 years since the last federal minimum wage hike, the longest span the baseline wage has gone without an increase since it began in 1938.
Since the last federal minimum wage hike — to $7.25 an hour, starting July 24, 2009 — the cost of living has increased 20%, while the price of essentials such as housing and health care have increased even faster. ...
The push for a higher federal minimum wage may have been shoved to the backburner amid the widespread impact of...
By Kristin Toussaint
Fast Company, July 24, 2020
The last time the U.S. federal minimum wage was raised was July 24, 2009. For 11 years—now the longest period without a raise in the history of the minimum wage—the federal floor for earnings has been set at $7.25 an hour, or $15,080 a year. Over the course of those 11 years, that amount has lost its buying power to inflation, even as the cost of so many necessities has risen. With the country in an economic crisis because of the COVID-19 pandemic, some employers are calling for the federal minimum wage to be increased to $15 an hour to not only help workers, but also boost struggling businesses.
By Eric Morath and Te-Ping Chen
Wall Street Journal, July 21, 2020
Some 25 million Americans are set to lose $600 a week each in federal unemployment benefits at the end of the month, one of the thorniest issues Congress faces when it returns to Washington this week to consider another coronavirus relief bill.
Many people view the payments as a lifeline, and analysts say the $15 billion a week in federal spending has provided vital support to an economy staggering from the effects of the pandemic. ...
Other businesses worry that a reduction in federal payments will hurt consumer spending...
By Melissa Repko
CNBC, July 15, 2020
... July 24 marks 11 years — the longest stretch without an increase since the federal wage was enacted in 1938 [during the Great Depression]. ... Alissa Barron-Menza, vice president of the nonpartisan group Business for a Fair Minimum Wage, said it could be used to stimulate the economy again by putting more money into Americans’ pockets.
“It’s just that kind of shared recovery tool that we need now,” she said. ...
Barron-Menza said businesses support higher wages, too. Over 1,300 companies, executives and business organizations involved with the group pledged...
WLNS, Lansing, MI, July 5, 2020
This article is adapted from CBS News.
Low-paid workers in the U.S. have particularly felt the economic sting from the coronavirus pandemic since they tend to work in “front-line” jobs, such as in restaurants and stores. But some employees are getting a financial lift as three states and 18 cities and counties around the country move to raise their minimum wages.
Illinois, Nevada and Oregon raised the baseline level of pay starting Wednesday, as did cities including...Washington, D.C., Los Angeles and several other California municipalities. The boost could help families...
By Greg Bishop
The Center Square, July 2, 2020
Illinois’ minimum wage, which increased to $10 an hour this week, isn’t just affecting business owners...
A group called Business for a Fair Minimum Wage said when the minimum wage is increased in places like Illinois, Nevada, Oregon and Washington, D.C., it means more money in the pockets of workers and more consumer spending at local businesses. ...
On July 1, Illinois’ minimum wage increased to $10 an hour. That was six months after it increased to $9.25. The next increase is in less than six...
By Aimee Picchi
CBS MoneyWatch, July 1, 2020
Low-paid workers in the U.S. have particularly felt the economic sting from the coronavirus pandemic since they tend to work in "front-line" jobs, such as in restaurants and stores. But some employees are getting a financial lift as three states and 18 cities and counties around the country move to raise their minimum wages. ...
The boost could help families that are struggling with the impact of the pandemic-related recession and boost local economies, according to Holly Sklar, CEO of Business for a Fair Minimum Wage....
By Niv Elis
The Hill, July 1, 2020
Higher minimum wages will go into effect for workers in Illinois, Nevada and Oregon, as well as a handful of major cities, starting July 1. ...
“The July 1 raises are welcome increases for the economy, because more money in the pockets of workers means more consumer spending at local businesses," said Holly Sklar, CEO of Business for a Fair Minimum Wage. ...
The last federal minimum wage increase took place 11 years ago.
By Ben Werschkul
Yahoo Finance, June 30, 2020
Twenty-one states had minimum wage increases or cost of living adjustments at the beginning of 2020. And now, halfway into 2020, more are set to continue pushing the nation’s average minimum wage upwards even as the federal minimum wage remains at $7.25. ...
"We are just working our way up to what's truly a fair wage in our country," says Kelly Vlahakis-Hanks, president and CEO ECOS, who also works with Business for a Fair Minimum Wage, a group that advocates for higher rates.
ECOS, which manufactures environmentally friendly cleaning products, has a...
By Paul Davidson
USA Today, June 30, 2020. Also in Detroit Free Press, Daily News Journal (TN), Times Herald (MI), Ventura County Star (CA), more
While millions of Americans are losing financial assistance that has kept them afloat during the coronavirus pandemic, several states and 21 localities are partly offsetting the pain with a different kind of lifeline: minimum wage hikes.
On Wednesday, Illinois, Nevada and Oregon are set to raise their pay floors as part of large increases that are being phased in over several years . ...
“More money in the pockets of workers means more consumer...
By Ally Schweitzer
WAMU 88.5 (NPR), June 30, 2020
Advocates who fought for a $15 minimum wage couldn’t have predicted a threat like the coronavirus. ... But labor-focused economists and progressive business groups say an economic downturn is the wrong time to pay workers less.
“People forget that the federal minimum wage was enacted during the incredibly hard times of the Great Depression,” says Alissa Barron-Menza, vice president of Business for a Fair Minimum Wage, which supported wage hikes in Virginia and Maryland. “The goal of the minimum wage was to alleviate poverty and to boost...
Interview By Seana Smith and Ben Werschkul
Yahoo Finance, June 29, 2020
Kelly Vlahakis-Hanks, President and CEO of ECOS, joined The Final Round to discuss the minimum wage increases going into effect on July first in Illinois, Nevada, Oregon and Washington, D.C. and what it means for the economic recovery.
By Christina A. Cassidy
Associated Press (AP), June 25, 2020
... Having access to quick test results will play an important role in resuming sporting events, keeping businesses and factories open, and returning to school in the fall. But the AP survey found it sometimes still takes days for results to be returned, despite an increase in the availability of testing across the country. ...
Judy Clinco, owner of Catalina In-Home Services in Tucson, Arizona, has had to test about 30 of her 110 staffers, who provide care and assistance to seniors in their homes. They...