San Antonio Business Journal: U.S. business coalition seeking minimum wage increase
By W. Scott Bailey
San Antonio Business Journal, July 24, 2013
Business for a Fair Minimum Wage, a national network of owners and executives, is calling on federal officials to raise the nation’s minimum wage to help strengthen the economy.
Backers of that plan say the current federal minimum wage of $7.25 per hour is lower than it was in 1956 at $8.58, when adjusted for inflation. As a result, current minimum-wage workers have less buying power than their counterparts did decades ago.
“We cannot build a strong economy with wages worth less than they...