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Yahoo Finance: These 21 states are raising their minimum wage for 2020

Ben Werschkul
Yahoo Finance, Dec 27, 2019

Twenty-one states are increasing their minimum wage for the new year with workers from Arizona to Vermont set to see an increase.

As Keith Mestrich, CEO of Amalgamated Bank and a fan of the wage hike noted on Yahoo Finance’s YFi PM, “It's going to be a really happy holiday for a lot of people around the country.” ...

As Amalgamated Bank’s Mestrich says, “The economy's been on fire now for a very, very long time. But many of the rewards have really gone to the people at...

Yahoo Finance: Amalgamated Bank CEO on minimum wage hikes in 2020

Yahoo Finance, Dec 26, 2019

Over 20 states are gearing up to hike the raise minimum wage in 2020, but one bank is already ahead of the game. Amalgamated Bank CEO and President Keith Mestrich joins Yahoo Finance’s Heidi Chung and Brian Sozzi, along with New York Post Finance Reporter Thornton McEnery to discuss why the company has raised its minimum hourly wage on YFi PM.

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Bake Magazine: 21 states prepare for minimum wage increases

By John Unrein
Bake Magazine, Dec 26, 2019

Twenty-one states are kicking off the new year by raising their minimum wage, and certain business owners are speaking out in support. These business leaders say the increases taking effect on Dec. 31 and Jan. 1 will boost consumer spending, reduce costly employee turnover, increase productivity and customer satisfaction, and strengthen local economies. ...

Thousands of business owners and executives have signed Business for a Fair Minimum Wage’s statements supporting state and federal increases because they believe a higher wage floor will increase consumer buying power, foster a more stable...

Gasconade County Republican: Missouri workers to benefit from increased minimum wage

Gasconade County Republican, Dec 26, 2019

Missouri workers making minimum wage will see their pay increase 85 cents an hour to $9.45 beginning Jan. 1, 2020.

Hard-working Missourians will see another wage increase to ring in the new year, according to the Missouri Jobs with Justice organization noting that in 2018 voters from every corner of the state resoundingly voted yes on Proposition B to gradually increase Missouri’s minimum wage from $7.85 an hour to $12 an hour by 2023. ... Proposition B was endorsed by a diverse and bipartisan coalition of workers, faith leaders, elected officials, and...

Parsippany Focus (NJ): Businesses Look Forward to Economic Boost From Minimum Wage

By  Frank L. Cahill
Parsippany Focus (NJ), Dec 20, 2019. Also in the Morris County Focus.

PARSIPPANY — New Jersey’s minimum wage will increase to $11.00 on January 1, in another step toward the $15.00 minimum wage enacted in February. Business leaders say that raising the minimum wage will boost consumer buying power, foster a more stable and productive workforce, and strengthen businesses and the economy.

New Jersey is one of 21 states raising its minimum wage at the new year, including six states (New Jersey, California, Illinois, Maryland, Massachusetts and New York) on track to...

Upworthy: A maverick CEO raised the minimum wage at his company to $70K and now he's doing it again

By Tod Perry
Upworthy, Sept 27, 2019

The federal minimum wage in the United States is a paltry $7.25 and it hasn't gone up since 2009.

"It's not acceptable," Holly Sklar, CEO of the advocacy group Business for a Fair Minimum Wage, told CNBC. "The whole point of the minimum wage is to have it go up regularly. It shouldn't sit still every year when the cost of living is going up. The minimum wage is losing value." ...

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Bloomberg Businessweek: This Pizza Pays a Living Wage

By Elizabeth G Dunn
Bloomberg, September 10, 2019

Michael Lastoria, chief executive officer of &Pizza, a Washington, D.C.-based chain with 36 locations up and down the East Coast, is tall, slim, and serene, with a full beard and brown hair that falls past his shoulders. ...

What Lastoria does want to talk about to anyone who will listen is his ambition to turn &Pizza into the most progressive fast-food employer in the nation. That starts with pay: Store employees, whom the company calls “tribe members,” are among the best-paid fast-food workers in the nation. At &Pizza...

Investopedia: Can a Family Survive on the U.S. Minimum Wage?

By Andrew Bloomenthal
Investopedia, Updated Aug 4, 2019

... Since 2009, the federal minimum wage has been $7.25, or $15,080 a year. Many economists believe this is woefully inadequate and unjust. ...  Groups like Small Business Majority, Main Street Alliance and Business for a Fair Minimum Wage also support a higher wage, which they believe will inspire employee loyalty and boost workplace morale, which leads to more satisfied customers and an increase in consumer spending.

The Real Issue: Who Can Survive on Today's Minimum Wage?

The minimum wage is meant to be a living wage. In 1933, five years before...

Yahoo News: Should U.S. minimum wage be raised to $15?

By Mike Bebernes, Editor, Yahoo News 360
Yahoo News, July 29, 2019

What's happening: Earlier this month, the House of Representatives passed a bill to gradually raise the federal minimum wage to $15 an hour by October 2025. The proposal would more than double the current national minimum wage of $7.25. That rate hasn’t increased since 2009 — it’s the longest period without a raise since the minimum wage policy was established in 1938. ...

The benefits would be seen across the U.S. economy.

“Higher minimum wages reduce employee turnover costs and increase worker productivity. They raise consumer demand...

Springfield Business Journal: Working out the Wages: Springfield employers feeling the weight of minimum wage hikes

By Christine Temple
Springfield Business Journal, July 22, 2019

Supporting the statewide minimum wage hike last November was a no-brainer for Bambino’s Cafe and B2 Cafe co-owner Andy Faucett.

“It was a very popular issue with the people who work at Bambino’s and the people who support Bambino’s,” he said. “I feel like you’re kind of putting money in the pocket of people who spend money.”

Faucett was one of 700 business owners across the state – 110 in the Springfield area – who signed on to join the Missouri Business for a Fair Minimum...

MultiBriefs: House passes $15 minimum wage bill, but its prospects are dim in Senate

By Seth Sandronsky
MultiBriefs, July 19, 2019

On July 18, the majority-Democratic House of Representatives passed the Raise the Wage Act to gradually increase the federal minimum wage, now at $7.25 and unchanged since 2009, to $15 in 2025. Some Republican House members did cross party lines to vote to increase the federal minimum wage. ...

Yet, Business for a Fair Minimum Wage supports increasing the federal minimum wage. One member of this coalition is Margot Dorfman, CEO of the U.S. Women’s Chamber of Commerce.

"Raising the minimum wage to $15 will be a win-win for...

Supermarket News: House passes bill to raise federal minimum wage to $15 per hour

By Lisa Jennings
Supermarket News, July 18, 2019

The U.S. House of Representatives on Thursday passed the Raise the Wage Act that would increase the federal minimum wage to $15 by 2025. ...

Holly Sklar, CEO of Business for a Fair Minimum Wage, representing about 1,000 business owners and organizations, said in a statement, “Today’s vote to pass the Raise the Wage Act is a vital step forward. A $7.25 minimum wage is too little to live on, and that’s bad for business as well as workers. Consumer spending drives our economy and raising the...

Nation's Restaurant News: House passes $15 per hour federal minimum wage

By Lisa Jennings
Nation's Restaurant News, July 18, 2019

The U.S. House of Representatives on Thursday passed the Raise the Wage Act that would increase the federal minimum wage to $15 by 2025. ...

Holly Sklar, CEO of Business for a Fair Minimum Wage, representing about 1,000 business owners and organizations, said in a statement, “Today’s vote to pass the Raise the Wage Act is a vital step forward. A $7.25 minimum wage is too little to live on, and that’s bad for business as well as workers. Consumer spending drives our economy and raising...

Restaurant Hospitality: A $15 federal minimum wage would boost salaries of 17 million workers, CBO says

By Joanna Fantozzi
Restaurant Hospitality, July 12, 2019

... “What motivates our employers all over the country is that it’s bad for business when working people can’t afford the basics,” Alissa Barron-Menza, vice president of business advocacy group Business for a Fair Minimum Wage, said.

“When minimum wages are worth less in spending power than they were in 1950, then more people will work more hours and jobs just to get by. Businesses need customers who have money to spend, and when you raise the minimum wage, they can do that. That boost in spending is...