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    Democrats are exploring new alternatives that could provide workers with a minimum wage increase through indirect channels after a key Senate official ruled that the provision cannot be included in the party's sweeping coronavirus relief bill. The search for a backup proposal comes a day after Senate Parliamentarian Elizabeth MacDonough ruled Thursday that the $15 minimum wage provision runs afoul of budget rules. Because Democrats are aiming to fast-track the COVID-19 bill through budget reconciliation – a process that allows them to pass bills on a simple majority without needing GOP support in the 50-50 Senate – provisions included must meet certain thresholds established by the so-called Byrd rule.The Week in Cartoons: Feb. 22-26View All 29 ImagesOn Friday, Senate Finance Committee Chairman Ron Wyden of Oregon and Senate Budget Committee Chairman Bernie Sanders of Vermont proposed levying tax penalties against large corporations who don't raise wages for workers, while also...
    US coronavirus: Another Covid-19 surge hangs in the balance. This is how experts say we keep it from becoming reality Cruz basks in warmth of Florida right-fest as Biden visits disaster-hit Texas Best & Worst Refi Mortgage Companies of 2021 Ad Microsoft Price Alert: These SUVs Are Now Only $19,000 (Deal Of The Day) Ad Microsoft 0% APR Until 2022 is 100% Insane Ad Microsoft Full screen 1/24 SLIDES © Jim Watson/AP/Shutterstock / Jim Watson/AP/Shutterstock The federal minimum wage — $7.25 per hour — hasn’t changed since 2009, even though the cost of living...
    House Speaker Pelosi is keeping the minimum wage hike in the House bill, while Senate Democrats figure out a new path. The House is set to spend a long day finishing up work on a public lands bill, then working late into the evening into Saturday morning to pass the COVID-19 relief bill—the American Rescue Plan. One key provision of raising the minimum wage to $15 an hour was dealt a blow Thursday night when the Senate parliamentarian advised Senate leaders that it should not be included via budget reconciliation, the procedure Democrats are using to get the bill through the Senate without having to rely on any Republican votes. Speaker Nancy Pelosi said that the House would keep the provision in the bill, a decision reiterated by Jim McGovern, chair of the Rules Committee, which is preparing the bill for consideration on the floor. The provision couldn't be included, Parliamentarian Elizabeth MacDonough...
    Savannah Rychcik February 26, 2021 0 Comments Sen. Josh Hawley (R-Mo.) is announcing a plan requiring large corporations to pay their employees at least $15 per hour. Hawley’s legislation targets companies with revenues of $1 billion or more and requires the minimum wage for billion-dollar corporations to be indexed to the federal median wage after 2025. “For decades, the wages of everyday, working Americans have remained stagnate while monopoly corporations have consolidated industry after industry, securing record profits for CEOs and investment bankers,” Hawley said in a statement. He continued, “Mega-corporations can afford to pay their workers $15 an hour, and it’s long past time they do so, but this should not come at the expense of small businesses already struggling to make it.” Hawley noted employees at small businesses would benefit from his previously introduce Blue Collar Bonus. The legislation would give small business workers making below the...
    Senator Bernie Sanders (I-V.T.), Chairman of the Budget Committee, speaks during a U.S. Senate Budget Committee hearing regarding wages at large corporations on Capitol Hill in Washington, February 25, 2021.Stefani Reynolds | Reuters Top Democrats are drafting new plans that would penalize big corporations that pay their employees less than $15 an hour after a Senate official ruled Thursday that the party could not include a wage increase in its $1.9 trillion stimulus bill. Democrats led by Sens. Bernie Sanders, I-Vt., and Ron Wyden, D-Ore., vowed to pursue amendments to the existing relief package that would punish corporations that pay workers below a certain hourly rate. Sanders was quick to rebuke the decision of Senate parliamentarian Elizabeth McDonough, who determined Thursday evening that a proposed $15 minimum wage provision did not meet strict budgetary standards imposed under the budget reconciliation process. "I strongly disagree with tonight's decision by the Senate...
    Loading the player... As federal lawmakers are stalled on increasing the minimum wage to $15 by 2025, wholesale retail giant Costco has announced that next week, it will raise its employees’ salaries to $16 per hour.  The pay increase will make Costco the nation’s highest-paying retail chain.  A Costco store in Inglewood, California is shown. Costco announced plans to increase its minimum wage to $16 per hour next week. (Photo by Mario Tama/Getty Images) Costco Chief Executive Officer Craig Jelinek made the announcement Thursday during a Senate Budget Committee hearing on worker wages. Jelinek said that providing a competitive pay rate “makes sense” for the business.  “We try to take care of our employees,” he told lawmakers, “because they play a significant role in our success.”  The $1 hike comes just over a year after Costco raised its minimum wage to $15 in 2019.  Read More: Texas federal judge...
    The Senate parliamentarian ruled late Thursday that a $15 minimum wage proposal could not be included in President Joe Biden’s $1.9 trillion coronavirus relief package, but some are still pushing to include the hourly wage increase in the bill. Many Democrats publicly supported the $15 minimum wage, and the parliamentarian’s decision to exclude it from the bill on technical grounds was seen as an especially tough blow for progressives. But despite the setback, $15 minimum wage advocates have several possible options left on the table. Several progressive senators have already said they will try to pass a $15 minimum wage through a backdoor, last-minute amendment tied to the relief package. Following the parliamentarian’s ruling, Vermont Sen. Bernie Sanders said that he would introduce an amendment that takes “tax deductions away from large, profitable corporations that don’t pay workers at least $15 an hour.” (RELATED: Bernie Sanders Blasts Senate Parliamentarian’s Decision) “That...
    Senate Finance Committee Chairman Ron WydenRonald (Ron) Lee WydenBiden nominee previews post-Trump trade agenda Labor expands jobless aid for workers who reject employers skirting COVID-19 rules Democrats hesitant to raise taxes amid pandemic MORE (D-Ore.) on Friday announced Democrats’ “Plan B” to raise the minimum wage after the Senate parliamentarian ruled that an earlier proposal from House Democrats to raise the federal minimum wage $15 an hour did not meet special budgetary rules. Wyden is proposing a work-around solution that would impose a five-percent tax penalty on large corporations if any of their workers earn less than a certain amount, with the penalty increasing over time. The language would ensure that large companies would have a significant financial incentive to raise wages, even if they are not mandated by law to pay employees more than the current federal minimum wage of $7.25 an hour.  “As chair of the Finance Committee,...
    For the strongest liberals both inside and outside the halls of Congress, the proposed $15 an hour federal minimum wage is not just a technical issue to be settled by the Senate parliamentarian, but an important test of the Left’s power in a capital that is narrowly, but uniformly, under Democratic control. The minimum wage increase is popular. A Reuters/Ipsos poll found that respondents favored the $15 wage 59% to 34%, with support only falling to 55% when the projected job losses were mentioned. A Harris poll showed 83% believed the current federal minimum of $7.25 an hour is too low. A Pew Research Center survey last year found two-thirds of Americans backed the $15 number. Minimum wage increases have been on the ballot 30 times in 17 states since 1938, according to the Congressional Research Service. They have passed 27 times and failed only three. These initiatives have succeeded...
    As the nation continues to face the novel coronavirus pandemic, society at large is trying to find ways of honoring both those we’ve lost and those who are on the front lines of the virus. Sometimes that means honoring the 500,000 American lives lost with candles and a moment of silence, and sometimes (often, if you’re active on social media) that means “thanking” essential workers, like cashiers, bus drivers, and delivery people, for their bravery and their work. While social acknowledgment is of course wonderful, one undercurrent to the situation remains the same: We can “thank” essential workers by paying them more (and making sure they aren’t pushed out of vaccine availability)—not to mention, providing actual benefits and job security. It’s with this framing that the latest news about big box store Costco feels so important. Costco, a wholesale retailer that sells food, household items, and even some apparel, is...
    TUCSON, Ariz. (AP) — City officials in Tucson have increased its minimum wage, effective immediately, boosting compensation for more than half of its workforce. The Tucson City Council voted unanimously on Wednesday to increase its minimum wage to $15 an hour. The city says about 170 workers making less than $15 an hour will see a bump in pay and 2,000 workers who already make around that amount will get some kind of increase to avoid compression issues. “It’s not only the right thing to do, but it’s the smart thing to do from a managerial perspective as we address ongoing retention concerns throughout the organization,” Tucson Mayor Regina Romero said, adding that she has been pushing for the effort for three years. “It’s the right thing to do for our workers and their families to make sure that they have living wages, and it is the right thing to...
    An employee organizes Apple Inc. AirPods for sale at a Costco Wholesale Corp. store in San Francisco, California.David Paul Morris | Bloomberg | Getty Images Costco is raising its hourly minimum wage to $16, putting its starting wage above many of its rivals such as Amazon, Walmart and Best Buy. "Two years ago, we moved our starting hourly wage to $15 everywhere in the U.S. Effective next week, the starting wage will go to $16," said Costco CEO Walter Craig Jelinek during a Senate budget committee hearing on Wednesday. The retailer has more than 180,000 employees in the U.S. and 275,000 employees worldwide. This move comes as Congress debates the $15 an hour federal minimum wage increase as part of President Joe Biden's $1.9 trillion Covid-19 relief bill. Beginning in March of last year, the chain instituted a $2 an hour premium to its employees to help cushion the...
    New York : 1 in 6 workers who earn the minimum wage are over 55 years old. Photo: Brent Stirton / . Raise the federal minimum wage at $ 15 per hour It could lead to more workers having more money in their pocket, but the wage increase also could mean an increase in Social Security benefits. A report from Social Security Works, an advocacy group for the expansion of Social Security, considers that the proposal to increase the minimum wage could help improve workers’ retirement security. How could the $ 15 minimum wage increase benefits? Suppose you are a single worker earning minimum wage for your entire life. If you claim your Social Security benefits in 2021, assuming you are entitled to receive 100% of the benefits you earned, you will receive a monthly check for $ 979.80 dollars, according to the organization Social...
    More On: minimum wage Progressives ‘confident’ Biden COVID package will include wage hike Walmart to raise workers’ average pay to $15 an hour Romney-Cotton bill seeks wage hike, barring illegal aliens from taking jobs Mark Cuban proves he’s unfit for the White House and other commentary Buried in Democrats’ “relief” bill is a poison pill for restaurants and their servers already struggling thanks to the pandemic and lockdowns: an end to the tipped minimum wage. As it works now, eateries can pay servers about $5 an hour less than the regular minimum wage, because they earn more than that in their tips. If they don’t, the boss is legally obliged to make up the difference, so it’s a no-lose provision for workers — who generally make far more than minimum as a result. It’s only become controversial in recent years because tipping makes it near-impossible to unionize restaurants,...
    McDonald's is secretly collecting 'strategic intelligence' on workers advocating for a $15 minimum wage, a bombshell new report in Motherboard claims.  The expose, which was published Wednesday, cites several sources who claim the company has a 'team of intelligence analysts in Chicago and London keeping an eye on the activities of Fight For $15 labor organizers across the world' with the aim of identifying 'which McDonald's workers are active in the movement'. The Fight For $15 campaign started back 2012, when a group of fast food workers in New York took strike action demanding to be paid $15 per hour.  The movement quickly spread to several other states, resulting in widespread walk-outs among McDonald's workers and others employed in the service industry.  Fight For $15 soon become a powerful political force, and several states have now adopted that amount as a minimum hourly wage.   However, the federal minimum wage still stands...
    Savannah Rychcik February 24, 2021 0 Comments Sen. Lindsey Graham (R-S.C.) says the effort by Democrats to increase the federal minimum wage has nothing to do with the COVID-19 pandemic. “The minimum wage has nothing to do with COVID, zero to do with COVID. It’s got everything to do with their liberal wishlist,” Graham said on Wednesday. Watch his comments below: Sen. Lindsey Graham (R-SC): "The minimum wage has got nothing to do with COVID … its got everything to do with their liberal wishlist." pic.twitter.com/LWDoOLn4Lv— The Recount (@therecount) February 24, 2021 Democratic lawmakers introduced a bill in January to increase the federal minimum wage to $15 per hour by 2025, as IJR reported. “Let’s be clear. The $7.25 an hour federal minimum wage is a starvation wage,” Sanders said in a statement. He added, “No person in America can make it on $8, $10, or $12 an...
    Texas faces plumbing catastrophe, food shortages after devastating storm Prosecutors drop DWI charges Bruce Springsteen © Rick T. Wilking/Getty Images Amazon is lobbying for a $15 minimum wage. Rick T. Wilking/Getty Images Amazon has been lobbying for a federal $15 minimum wage since raising starting pay to $15 in 2018. Experts say that a federal $15 minimum wage would be a blow to Amazon competitors such as Walmart. Meanwhile, a $15 federal minimum wage would only help Amazon's business.  Visit the Business section of Insider for more stories. Amazon says that its push for a $15 minimum wage is good business. Experts say it is also a new weapon in the retail giant's battle against rivals like Walmart.  Load Error The company has been lobbying Congress to raise the federal minimum wage since 2018, when Amazon raised its starting wage to at least $15 per hour....
    Sen. Joe Manchin. A minimum wage increase goes before the Senate parliamentarian on Wednesday to find out if it passes muster for inclusion in the COVID-19 relief package being passed under budget reconciliation. Democrats feel good that a recent Congressional Budget Office analysis shows the measure has enough budget impact for reconciliation, allowing it to be passed by a simple majority vote. But even if the parliamentarian agrees, the plan for a $15 minimum wage in 2025 is in deep peril thanks to Democratic Sens. Joe Manchin and Kyrsten Sinema. So now the rush is on for senators to float proposals trying to make themselves look like heroes of the low-wage worker without, you know, supporting anything like an actual living wage. Sens. Tom Cotton and Mitt Romney came out with a plan for a $10 minimum wage by 2025. This is pitifully low—in fact, Cotton’s own state of Arkansas has an $11 minimum...
    Sens. Mitt Romney and Tom Cotton say it's time to raise the federal minimum wage after more than a decade of congressional inaction. The Republican senators' proposal would raise the minimum wage to $10 while imposing e-verify requirements ensuring the increase will only go to legal workers. Cotton said the wage hike will end the "black market for illegal labor" and "open up jobs for Americans" in a Tuesday press statement. “American workers today compete against millions of illegal immigrants for too few jobs with wages that are too low. That’s unfair,” he said. MITT ROMNEY AND TOM COTTON JUST ABANDONED FISCAL CONSERVATISM Romney alluded to the intent to decrease illegal labor while also dismissing some Republicans' concerns that higher wages could result in job losses. “Our legislation would raise the floor for workers without costing jobs and increase the federal minimum wage to $10, automatically raising it every two...
    Happy Tuesday MarketWatchers. Don’t miss these top stories:Reassess your life and career every 7 years by asking these 3 questions Here's a response to feeling burned out at work or depleted by relationships.Nearly half the states are taxing companies over PPP loans that have been forgiven How is your state treating COVID loans made to companies? Financial guru Dave Ramsey is selling his $15.45 million Tennessee estate It's no surprise that the massive estate of the prominent radio host Dave Ramsey, in Franklin, TN, has turned out to be a great investment — that is, if he can sell it for anywhere near his $15.45 million asking price.We put our extravagant neighbors in touch with our financial adviser. They called her ‘lousy.’ So how come WE are the ones who retired early? ‘Warren Buffett and Harry Potter couldn’t get those two retired early.’I’m 28, have zero debt, a 401(k), Roth...
    Sens. Tom Cotton, R-Ark., and Mitt Romney, R-Utah, are proposing legislation to raise the federal minimum wage to $10 an hour, coupled with an E-Verify system to ensure employers hire only legally authorized workers. Cotton joined Sandra Smith and John Roberts on "America Reports" Tuesday to discuss the proposal. He also weighed in on the $1.9 trillion COVID-19 stimulus bill, which he argues is "just fulfilling a lot of Democratic wishes." SEN. TOM COTTON: [On COVID-19 stimulus] "There are a lot of earmarks in here. Democrats are bringing back wasteful earmark spending and they’re doing it with a vengeance in this bill. REP. JAY OBERNOLTE: IF BIDEN'S $15 MINIMUM WAGE HAPPENS, FOR 1.4 MILLION AMERICANS THE REAL WAGE WILL BE $0 The bill spends hundreds of millions of dollars on states that haven’t lost any money. States that have had surpluses in the last year. [It] spends tens...
    Savannah Rychcik February 23, 2021 0 Comments Senate Majority Leader Chuck Schumer (D-N.Y.) is revealing what he believes is the real reason why Democrats are more interested in unity than Republicans. “COVID crisis rages, a Republican president, Democrats come together with Republicans and pass two bills or four bills really,” Schumer said on Tuesday. He continued, “Democratic president, Republicans don’t even work with Democrats. If anyone doubts who’s more interested in bipartisanship, just look at that.” Watch his remarks below: Schumer on which party really wants unity: ‘If anyone doubts who’s more interested in bipartisanship, just look at that’ pic.twitter.com/nOVXoswCzi— NowThis (@nowthisnews) February 23, 2021 The House Budget Committee on Monday voted to approve Biden’s $1.9 trillion relief bill, as IJR reported. The measure passed the committee on a vote of 19-16. The House is seeking to pass the package later this week. Included in the...
    Utah Sen. Mitt Romney and Arkansas Sen. Tom Cotton introduced a plan Tuesday to increase the national minimum wage to $10 an hour over four years and adopt new measures to protect American workers. The Republican senators’ proposed legislation appears to counter Democratic efforts to raise the minimum wage to $15 by 2025. Democratic lawmakers have pushed to include the minimum wage increase in President Joe Biden’s coronavirus relief package, arguing that the $7.25 minimum wage is far too little to support working Americans and their families, but Republicans have objected, arguing that it would lead to greater unemployment and hurt small businesses. “For millions of Americans, the rising cost of living has made it harder to make ends meet, but the federal minimum wage has not been increased in more than 10 years,” Romney said in a statement. “Our legislation would raise the floor for workers without costing jobs...
    Madison Summers February 23, 2021 0 Comments Two Republican senators are seeking to increase the federal minimum wage to $10 per hour — a lower number than the $15 per hour Democrats are seeking. Sens. Mitt Romney (R-Utah) and Tom Cotton (R-Ark.) announced on Tuesday they plan to introduce legislation to raise the minimum wage to $10. It would increase the minimum wage over four years “and then indexes it to inflation every two years,” according to the press release. They also are seeking to mandate E-Verify “to ensure the wage increase only goes to legal workers” not undocumented workers, as the press release reads. “For millions of Americans, the rising cost of living has made it harder to make ends meet, but the federal minimum wage has not been increased in more than ten years,” Romney said. He continued: “We must create opportunities for American workers and protect...
    A Feb. 18 rally celebrating the California Labor Commissioner’s order for a McDonald's franchise to rehire and compensate workers who went on strike for coronavirus protections was held on Feb. 18, 2021.Lucy Nicholson | Reuters Some Washington lawmakers are pushing to raise the federal minimum wage to $15 per hour to put more money in workers' pockets. The wage bump could also eventually provide a boost to their Social Security benefits. The current federal minimum wage of $7.25 has stayed where it is since 2009. At the same time, workers contribute 6.2% on wages of up to $142,800 in 2021 to Social Security. Employers, in turn, match that 6.2% contribution. (If you're self-employed, you pay 12.4% in Social Security taxes.) More from Personal Finance:Most student loan borrowers won't get a tax break this yearStill no stimulus check? What that means for your tax returnMany Americans, especially families, can't live on...
    NYC to allow Central Park ice rinks to stay open for rest of season Facebook will restore news in Australia after talks with the government © Gravity Payments KEY WORDS Load Error He’s not buying what America’s billionaires are selling. The CEO known for increasing his employees’ base pay to $70,000 says wealthy people donating their money and getting rewarded with “glowing articles, a hospital named after you and a massive tax write-off” amount to “one of capitalism’s biggest PR scams.” Dan Price, the CEO of the credit-card processing company Gravity Payments, slammed America’s elites on Twitter charging that the average billionaire donates a smaller share of their money to charity each year than the average non-billionaire. As evidence, Price cited a recent ranking of the biggest charitable contributions of 2020, which included deep-pocketed donors such as Amazon founder Jeff Bezos. Critics of wealth inequality have pointed out...
    Riot attorney walks back Secret Service claim Executives with Pfizer, Moderna say theyre ramping up vaccine supplies © Photo by Al Drago for The Washington Post via Getty Images WASHINGTON, DC - DECEMBER 14: Senator Joe Manchin, a Democrat from West Virginia, speaks during a news conference with a bipartisan group of lawmakers as they announce a proposal for a Covid-19 relief bill on Capitol Hill, on Monday, December 14, 2020 in Washington, DC. Photo by Al Drago for The Washington Post via Getty Images Democrats are staging a final push to include minimum wage legislation in Biden's stimulus plan. But one of the party's most conservative Senators, Joe Manchin has doubled down on his opposition. 14% of workers in West Virginia, Manchin's state, could see a raise if the legislation passes. Visit the Business section of Insider for more stories. Congressional Democrats are scrambling to keep...
    (CNN)House Democrats have included a minimum wage hike in their latest Covid relief bill, although opposition among some Senate Democrats means it is not at all clear they will have the votes to pass it. Heres whats in the House Democrats stimulus relief planImproving worker pay is unrelated in that raising the minimum wage has long been a Democratic priority. It is completely related in that the Covid economy has hurt low wage workers -- those in food service, child care and home health care, for instance, who can't work from home -- more than it's hurt people who are able to work from home.The argument about income inequality, which is growing in the US, is central to the widespread effort to raise the minimum wage."A $15 minimum wage is not a radical idea," said Vermont Sen. Bernie Sanders on Twitter recently. "What's radical is the fact that millions of...
    An activist wears a "Fight For $15" T-shirt at a news conference prior to a vote on the Raise the Wage Act, July 18, 2019 at the U.S. Capitol.Alex Wong | Getty Images A $15 minimum wage could become a reality in the U.S. While millions would get a pay boost from a higher national wage floor, it would still fall short of paying many workers a "living wage" — the salary a person or family needs to cover their basic expenses. That's especially true for families, largely due to higher living costs like childcare, relative to single adults. Even with a raise to $15 per hour, a typical family of four couldn't afford the basics in any U.S. state, according to a CNBC analysis of cost-of-living data assembled by researchers at the Massachusetts Institute of Technology. (This example assumes two kids and two adults working full-time for minimum pay.)...
    (CNN)With Congress already battling over hiking the minimum wage to $15 an hour, President Joe Biden likely raised a few eyebrows when he recently said that the federal minimum wage would actually be $20 if it were indexed to inflation. Heres whats in the House Democrats stimulus relief planWhile the President bungled two different statistics at a CNN town hall last week, the thrust of what he said is accurate: The minimum wage, which has been stuck at $7.25 an hour since 2009, has fallen far behind in terms of both inflation and productivity.Increasing the federal minimum wage is once again in play, with Biden and key congressional Democrats pushing to raise it in stages to the $15 target by 2025. The House is expected to pass legislation containing the hike next week, but the effort could be derailed in the Senate with Democratic Sens. Joe Manchin and Kyrsten Sinema...
    Mother and son from Iowa arrested in Capitol riot, FBI says 2 dead after military jet crashes near airport in Alabama Walmart has joined a growing list of retailers boosting employees’ wages to $15 an hour, but unlike rivals such as Target Amazon and Costco all of which now offer base pay of $15 an hour for all employees, the nation’s largest private employer will keep its starting wages at $11 an hour. © Getty Images The pay raise at Walmart means that some 730,000 hourly workers will receive at least $15 an hour once the change goes into effect, Doug McMillon, Walmart’s CEO said Thursday. That amounts to half of the company’s hourly employee workforce.  Load Error “I’ve been working at Walmart for 11 years and only make $11.85, and most of us cashiers along with hundreds of thousands of others are once again left out of...
    New York : A key committee of the Lower House presented on Friday the massive economic aid package for the coronavirus, that tied together President Biden’s $ 1.9 billion bailout proposal, in a 591 page bill. The House Budget Committee is expected to consider this financial aid bill, which is based on measures passed by at least nine committees, on Monday. Most of these, but not all, strictly adhere to what Biden outlined in his $ 1.9 trillion coronavirus relief proposal last month, CNN reported. The full House may pass the legislation next week, but it could face hurdles in the Senate, where Democrats cannot afford to lose a single member of their party, due to the 50-50 split in the chamber. Two Democrats, the Senators Kyrsten sinema from Arizona and Joe manchin West Virginia, have already voiced opposition to one element of the plan, raising the federal minimum...
    Last week, The Washington Post published an editorial skeptical of current proposals in Congress to raise the federal minimum wage to $15 an hour. Among their objections, the Editorial Board argues the policy, as currently structured, raises the cost of entry-level labor “very rapidly and to an unprecedented level.” Curiously, the newspaper, which is owned by billionaire Jeff Bezos, seems to be at odds with another Bezos-headed enterprise: Amazon. Amazon has been actively lobbying Congress to adopt a $15 minimum wage. The company has been running advertisements in publications that target D.C. politicos and even penning opinion pieces in favor of the idea. If Amazon truly cares about workers, company executives should give the Post editorial a thorough read. They should be able to get a free copy considering they’re under the same ownership. It features a new report released by the nonpartisan Congressional Budget Office (CBO) that estimates raising the federal minimum wage to $15 an...
    Supreme Court justices have ruled against Uber and said their 60,000 drivers should be classed as workers in a landmark decision for the gig economy. Seven justices ruled on the latest round of a long-running fight between the taxi firm's operating companies and its paid-for motorists on Friday, after a hearing in July. The transport giant, who said those doing its jobs were contractors not workers, appealed to the Supreme Court after losing three earlier rounds of the case. But today they lost their last roll of the dice as justices threw out their appeal in a ruling will have massive implications for the estimated 5.5million people working in the UK gig economy.  Mark Cairns, an Uber driver in London for five years, said in a statement: 'It's been a long time coming but I'm delighted that we've finally got the victory we deserve. 'Being an Uber driver can be stressful....
    UBER drivers will be entitled to minimum wage and holiday pay after winning a “historic” court battle.  Supreme Court justices today ruled that the ride-hailing app must classify its drivers as “workers” rather than contractors following a lengthy legal battle.  3Uber drivers are seen celebrating the decision outside the Supreme Court earlier todayCredit: PA:Press Association 3Driver Yaseen Aslam, pictured, brought the case to the Silicon Valley firmCredit: PA:Press Association Uber drivers had previously been treated as self-employed, meaning that in law they were only afforded minimal protections. The Silicon Valley-based firm appealed to the Supreme Court after losing three earlier rounds of the fight, but justices today dismissed the appeal. A law firm enlisted by the GMB union to represent Uber drivers said they will now be entitled to compensation for lost pay and minimum wage.  'FOUR-YEAR BATTLE' Mick Rix, GMB National Officer, said: “This has been a gruelling four-year...
    Paul Bersebach/MediaNews Group/Orange County Register via Getty Images Let our journalists help you make sense of the noise: Subscribe to the Mother Jones Daily newsletter and get a recap of news that matters.As the debate over raising the minimum wage heats up, there has been renewed attention on the subminimum wage that restaurant servers make in many states, also called the tipped minimum wage. House Democrats’ proposed Raise the Wage Act would increase the minimum wage to $15 an hour over the course of five years, and would also phase out the subminimum wage in the states where it still exists. Not everyone’s happy about either of these ideas: The National Restaurant Association, a trade group that represents large chain restaurants like McDonald’s and Darden Restaurants, argued in a recent op-ed that “wage hikes hurt restaurants” that are “stretched to the brink financially,” and the proposal to strike the tipped...
    After falling short of fourth-quarter earnings, Walmart still plans to increase wages for their employees. February 18, 2021 3 min read This story originally appeared on ValueWalk Walmart announced it would raise wages for 425,000 US employees, which amounts to over 25% of its workforce. The big-box retailer will increase their wages to at least $ 13 an hour, bringing its average hourly wage to over $ 15 an hour. Walmart announces plans to raise wages Walmart is the biggest private employer in the US, and it will raise wages for hourly workers who stock shelves and fulfill delivery and curbside pickup orders in stores. The starting rate for those positions will be between $ 13 and $ 19 an hour, based on where the store is located and what market it is in. The higher wage goes into effect on Mar. 13. ...
    New York : In some states, if an employee does not earn enough in tips to meet the minimum wage, the employer has to make up the difference. Photo: KENA BETANCUR / . / . An increase in minimum wage of up to $ 15 per hour it could provoke a new wave of layoffs in the restaurant sector and maybe even a price increase, according to the opinion of some members of the restaurant sector. Today, waiters in a state like Indiana earn $ 2.13 per hour, which is more than $ 5 less than the federal minimum wage of $ 7.25, because waiters’ pay also includes tips. If an employee does not earn enough in tips to meet the minimum wage, the employer has to make up the difference. Those who oppose a higher minimum wage They fear the tax break for restaurants...
    Walmart — the nation's largest private employer — is hiking pay for 425,000 workers, or nearly a third of its U.S. workforce of 1.5 million.  Store workers tasked in digital and stocking positions that proved particularly crucial during the pandemic will earn more starting March 13, with their starting hourly rates going to $13 to $19 based on location and market, the retailer said. That includes employees who fetch items from store shelves for online orders to be picked up or delivered, workers "central" to fourth-quarter sales of just under $100 billion, Walmart U.S. Chief Executive John Furner wrote Thursday in a post to employees.  The retailer's starting minimum pay remains $11 an hour, but the increase will bring Walmart's average pay overall to more than $15 an hour, up from more than $14 an hour.  The retailer's increase comes as the White House and Congress weigh hiking the federal...
    While Congress remains in their Presidents Day recess, some enjoying it more than others, leadership and President Joe Biden have continued work advancing the $1.9 trillion COVID-19 relief legislation that has to pass before March 14, when enhanced and extended unemployment insurance benefits expire for millions. That work has included Biden's pitch to the public at his town hall Tuesday and meeting with top labor leaders to enlist their help. "We have an incredible opportunity to make some enormous progress in creating jobs," Biden told reporters before the meeting, referring to both the relief package and the infrastructure plan he intends to turn to next. Congressional leaders are hammering out how to get the full package through the Senate, including the $15/hour minimum wage increase that remains a point of contention. The House is including that provision in their package, but there remains doubt as to whether all Senate Democrats...
    Thousands of turtles have been rescued from freezing waters in Texas Gamestop stock hearings: Maxine Waters is doing a deep dive into the mess, with multiple hearings Walmart, America's largest private employer, will raise wages for 425,000 US workers -- more than a fourth of its workforce -- to at least $13 an hour. © Robyn Beck/AFP/Getty Images An employee gathers shopping carts at Walmart, July 22, 2020 in Burbank, California. - The country's most populous state reported a record 12,807 new coronavirus infections in the past 24 hours. (Photo by Robyn Beck/AFP/Getty Images) Starting March 13, hourly workers stocking shelves and fulfilling customers' home delivery and curbside pickup orders in stores will receive a starting rate of $13 to $19 an hour, based on the store's location and market, Walmart US CEO John Furner said in note to Walmart workers Thursday. Last year, the company raised wages for...
    A worker is seen wearing a mask while organizing merchandise at a Walmart store, in North Brunswick, New Jersey, July 20, 2020.Eduardo Munoz | Reuters Walmart announced Thursday it will raise pay for workers to an average above $15 an hour, giving a boost to 425,000 employees. Walmart said its minimum starting wage for workers will remain at $11 an hour. Its U.S. workforce numbers about 1.5 million people, making it the nation's largest private employer. The big-box retailer made the announcement as it reported holiday-quarter earnings that fell short of Wall Street's expectations, weighed down by Covid-related expenses and heightened investments in e-commerce. Walmart also cautioned that it expects its sales growth to moderate this year. Walmart shares were down nearly 5% in premarket trading. Beginning March 13, the company said, pay for store workers in digital and stocking positions will go up to $13 to $19 an hour,...
    New York (CNN Business)Walmart, America's largest private employer, will raise wages for 425,000 US workers -- more than a fourth of its workforce -- to at least $13 an hour.Starting March 13, hourly workers stocking shelves and fulfilling customers' home delivery and curbside pickup orders in stores will receive a starting rate of $13 to $19 an hour, based on the store's location and market, Walmart (WMT) US CEO John Furner said in note to Walmart workers Thursday. Last year, the company raised wages for 165,000 store workers in management roles to a starting rate of $18 an hour.This is one of the fastest growing jobs at WalmartWalmart said that the latest pay bumps will bring its average hourly wage to above $15 an hour. But Walmart will maintain its $11 minimum wage.In recent years, many rival retailers and restaurant chains have moved to a $15 an hour minimum wage....
    Stefani Reynolds/Getty Let our journalists help you make sense of the noise: Subscribe to the Mother Jones Daily newsletter and get a recap of news that matters.The federal minimum wage could soon change. On the campaign trail, President Joe Biden said one of his main priorities was to raise the minimum wage to $15 an hour. And as chairman of the Senate Budget Committee, Senator Bernie Sanders (I-Vt.) has attempted to include that raise in the work-in-progress $1.9 trillion COVID-19 relief package proposed by Democrats. But there’s a hitch. As my colleague Andrea Guzman wrote yesterday, “It’s unclear if the rules of reconciliation—the maneuver Senate Democrats plan to use to pass the bill—will allow the provision to stand.” There is an inclination it might. A Monday letter from the Congressional Budget Office looks promising. So (putting aside the potential problems of moderate Democrats unwilling to vote for it) the decision...
    By PAUL WISEMAN, AP Economics Writer WASHINGTON (AP) — President Joe Biden's effort to raise the federal minimum wage to $15 an hour could provide a welcome opportunity for someone like Cristian Cardona, a 21-year-old fast food worker. Cardona would love to earn enough to afford to move out of his parents' house in Orlando, Florida, and maybe scrape together money for college. More than 1,000 miles away in Detroit, Nya Marshall worries that a $15 minimum wage would drive up her labor costs and perhaps force her to close her 2-year-old restaurant, already under strain from the viral pandemic. Between Cardona's hope and Marshall's fear lies a roiling public debate, one with enormous consequences for American workers and businesses. Will the Biden administration succeed in enacting a much higher federal minimum wage — and should it? Economists have argued the merits of minimum wage hikes for years. The administration...
    WASHINGTON (AP) — President Joe Biden’s effort to raise the federal minimum wage to $15 an hour could provide a welcome opportunity for someone like Cristian Cardona, a 21-year-old fast food worker. Cardona would love to earn enough to afford to move out of his parents’ house in Orlando, Florida, and maybe scrape together money for college. More than 1,000 miles away in Detroit, Nya Marshall worries that a $15 minimum wage would drive up her labor costs and perhaps force her to close her 2-year-old restaurant, already under strain from the viral pandemic. Between Cardona’s hope and Marshall’s fear lies a roiling public debate, one with enormous consequences for American workers and businesses. Will the Biden administration succeed in enacting a much higher federal minimum wage — and should it? Economists have argued the merits of minimum wage hikes for years. The administration has cast its campaign to raise...
    Why Trump’s border wall failed Italys Draghi urges unity, sacrifice in fighting the virus Sen. Joe Manchin (D-W. Va.) is under fire from West Virginia residents for opposing raising the federal minimum wage to $15 per hour despite representing one of the poorest states in the nation. © Leigh Vogel/Getty Sen. Joe Manchin (D-W. Va.) listens during a hearing of the Senate Veterans' Affairs Committee in Washington, D.C. on January 27, 2021. West Virginians associated with the Poor People's Campaign, an activist group that has been pressuring Manchin over the issue, urged the senator to reverse his stance during a virtual "Moral Monday" event. Manchin is one of two moderate Senate Democrats that do not support the current effort to raise the minimum wage, which other Democrats hope to pass as part of President Joe Biden's $1.9 trillion COVID-19 relief package. Load Error "I'm speaking to you, Senator...
    (CNN)President Joe Biden reaffirmed his support for raising the federal minimum wage -- gradually -- to $15 an hour at CNN's town hall on Tuesday.More on Covid-19 relief Here's what's in the House Democrats' stimulus relief plan Congress already approved $4 trillion in Covid relief. Here's what's happened to it Here's what budget reconciliation is (and why it matters for Biden's stimulus) Here are the executive actions Biden has signed so far While he acknowledged that increasing the wage could squeeze some employers, he pointed to economists and studies that say the impact would be minor. Plus, the President argued, it would help those stuck at the minimum wage, which has been $7.25 an hour since 2009."No one should work 40 hours a week and live in poverty," Biden said. "But it's totally legitimate for small business owners to be concerned."The controversial measure, which was included in his $1.9...
    Scott Olson/Getty Images Let our journalists help you make sense of the noise: Subscribe to the Mother Jones Daily newsletter and get a recap of news that matters.On Tuesday, fast-food workers in 15 cities across the United States went on strike to put pressure on Congress for a $15 minimum wage. Workers from Durham to Chicago walked out, holding signs demanding respect and to be paid a higher minimum wage now. BREAKING: 100s of fast-food workers walk off the job ON STRIKE today in Durham NC and across the country to demand $15/hr min wage, safer working conditions, and respect on the job! Together we fight, together WE WILL WIN. #Fightfor15 #RaisetheWage pic.twitter.com/K22jz58mGY — NC Raise Up (@RaiseUpfor15) February 16, 2021 BREAKING: Fast food workers across Chicago are ON STRIKE today to call on Congress to pass a $15 minimum wage. Its been over a decade since the federal minimum wage...
    Republican Senators Tom Cotton and Mitt Romney will introduce a bill Tuesday which would raise the minimum wage and ban businesses from hiring illegal immigrants. Cotton released the news in a series of tweets, saying the bill would gradually increase the minimum wage while making sure American citizens are not losing jobs to illegal immigrants. The bill would require employers to verify the legal status of all of their workers so that American citizens have job priority. “Millions of Americans are struggling to make ends meet. I’m introducing a bill w/ (Sen. Romney) to give them a raise by increasing the minimum wage and ensuring businesses can’t hire illegal immigrants – protecting American workers,” Cotton said. “Today, Americans have to compete against millions of illegal immigrants who take illegally low wages under the table. We can fix this by requiring employers to verify the legal status of every worker so...
    Republican Sens. Tom CottonTom Bryant CottonBiden, like most new presidents, will get his shot at economics Trump conviction vote exposes GOP divide NY Times should focus on great journalism, not on 'wokeness' MORE (Ark.) and Mitt RomneyWillard (Mitt) Mitt RomneyNorth Carolina Republican Party votes to censure Burr for vote to convict Trump Ron Johnson says Capitol attack 'didn't seem like an armed insurrection' Petition seeking Romney censure circulating among Utah Republicans MORE (Utah) announced on Tuesday that they will be introducing a bill that would increase the minimum wage while also requiring employers to verify the immigration status of workers. “Millions of Americans are struggling to make ends meet. I’m introducing a bill with @SenTomCotton that would increase the minimum wage while ensuring businesses cannot hire illegal immigrants. We must protect American workers,” Romney tweeted. Millions of Americans are struggling to make ends meet. I’m introducing a bill with @SenTomCotton that would increase...
    President Biden claims that raising the federal minimum wage to $15 an hour will force employers to pay a living wage to workers, but the weight of economic studies say that it would have an adverse effect on employment. Biden’s plan, which is making its way through Capitol Hill now as part of the covid relief package, would more than double minimum wage. It would also cost jobs, particularly for young workers and less-educated workers. Many supporters of hiking the minimum claim, without evidence, that the economic studies have shown that a higher wage will not reduce employment or that the studies are split evenly on the question. A new review of the economic literature published in academic journals over the past few decades indicates that this is wrong. In fact, there is a clear preponderance of negative effects on employment, the study finds. David Neumark of the University of California,...
    Sen. Bernie Sanders, I-Vt., says he’s bullish about Democrats’ chances of passing a minimum wage increase in the coronavirus stimulus bill despite at least two Democrats voicing opposition.   "We’re feeling really good. We think we’ve got a good shot," Sanders, chairman of the Senate Budget Committee, told reporters Friday at the U.S. Capitol. "We’ve got millions of workers working for starvation wages. We’ve got to raise the minimum wage to a living wage of $15 an hour and that’s what the American people want and that’s what I intend to do." Moderate Democratic Sens. Joe Manchin, D-W.Va., and Kyrsten Sinema, D-Ariz., have both said they oppose including the $15 minimum wage in the stimulus package. "What’s important is whether or not it’s directly related to short-term Covid relief. And if it’s not, then I am not going to support it in this legislation," Sinema told Politico in an interview published...
    Sen. Bernie Sanders, I-Vt., speaks during an event to introduce the Raise The Wage Act at the U.S. Capitol on Jan. 16, 2019.Chip Somodevilla | Getty Images One third of small business owners say they'll likely lay off workers if Congress raises the federal minimum wage to $15 an hour, according to the latest quarterly CNBC|SurveyMonkey Small Business Survey. The fight over the federal minimum wage has emerged as one of the more contentious elements of the larger battle on Capitol Hill over President Biden's $1.9 trillion Covid relief package. A Democrat-led bill — introduced last month and formally known as Raise the Wage Act — was dropped from a Senate bill last week, and President Biden said Sunday a wage hike was unlikely. But the House Education and Labor Committee included the provision in a first draft released this week, formally known as Biden's American Rescue Plan. Democrats aim...
            by Dan McCaleb  A $15 minimum wage would result in 1.4 million jobs lost and disproportionately hurt younger workers and those with less education, a new Congressional Budget Office report says. President Joe Biden, U.S. Sen. Bernie Sanders and other Democrats have proposed raising the federal minimum wage to $15 an hour by 2025, more than double the current federal minimum of $7.25 an hour. Biden says such a move would lift million of Americans out of poverty. While the CBO confirms the poverty-reducing impact, it also says it would hurt the economy. “In 2025, when the minimum wage reached $15 per hour, employment would be reduced by 1.4 million workers (or 0.9 percent), according to CBO’s average estimate,” the report says. … “Young, less educated people would account for a disproportionate share of those reductions in employment.” The higher minimum wage also would result in increased...
    More On: minimum wage Putting ‘heroes’ out of work with a mandatory wage hike Biden’s push to increase federal minimum wage would cost over 1.5M jobs: CBO Democrats’ $15 minimum wage would drive a nail in the economy’s coffin Biden partisan ‘relief’ push puts Democrats’ desires ahead of the nation’s needs As House Democrats plow ahead with their push for a $15 minimum wage hike, it appears some lawmakers have not been practicing what they preach. President Biden included a provision raising the minimum wage to $15 in his $1.9 trillion economic recovery package, though he has recently cautioned not to expect it to make the final language of the bill. But that isn’t stopping members of his party in the House of Representatives from opting to include it in their final language of the legislation before sending it to the Senate, where the more moderate body will...
    On Monday’s “MSNBC Live,” White House Counsel of Economic Advisers member Jared Bernstein reacted to the Congressional Budget Office study showing that a $15 minimum wage would cost over 1 million jobs by saying that raising the minimum wage increases wages, “we have a tendency to focus on some of the big negatives,” and that “some of the more contemporary minimum wage research,” shows that increasing the minimum wage would have a smaller impact on jobs. Host Chris Jansing asked, “There’s a fascinating study out by the Congressional Budget Office that says it would actually cost 1.4 million jobs by 2025, but would reduce the number of Americans below the poverty line by 900,000. What’s your analysis of that, your reaction?” Bernstein responded, “I mean, with respect, the part you just read leaves out, by far, by far, the most important number in that study, which is 27 million people get...
    Noam Galai/Getty Images Let our journalists help you make sense of the noise: Subscribe to the Mother Jones Daily newsletter and get a recap of news that matters.For many restaurant workers, the trade off for hours of grueling work serving food and dealing with demoralizing customers, not to mention the threat of stray COVID-19 germs from maskless patrons, is an hourly wage as low as $2.13. That’s because some states allow employers to pay tipped workers a subminimum wage (also called a tipped minimum wage), assuming they can make up the rest of their pay in tips. In practice, this policy has caused tipped restaurant workers to be twice as likely as the general workforce to live in poverty.  Seven states have already abandoned the tipped minimum wage. Now, President Joe Biden and congressional Democrats have signaled they’re ready to ditch this policy nationwide: As part of the $1.9...
    Raising the minimum wage to $ 15 an hour would reduce the number of Americans living in poverty and improve the salary of millions of people, but it would also increase federal debt and unemployment, according to a new report from the Office of Budget Affairs of the United States. Congress released on Monday. The federal deficit would increase by about $ 54 billion over 10 years if the Democratic proposal to gradually increase the federal minimum wage to $ 15 per hour is passed, primarily because of the higher wages workers – like of those who care for the elderly — would contribute to an increase in federal spending, according to the estimate. Democrats are pushing to include the minimum wage increase in their $ 1.9 trillion COVID-19 pandemic aid plan. Starting this week, House committees will begin to draft the initiative within the framework requested by President Joe...
    By Kevin Freking, Alan Fram and Josh Boak | Associated Press WASHINGTON — Democrats on a pivotal House panel have proposed an additional $1,400 in direct payments to individuals, bolstered unemployment benefits and more generous tax breaks for families with children and for lower earners as Congress began piecing together a $1.9 trillion COVID-19 relief package on Monday. The plan is expected to closely follow President Joe Biden’s proposed package to address the tolls of the coronavirus pandemic, which has killed over 460,000 Americans, and the nation’s still staggering economy, which has lost 10 million jobs since the crisis began last year. Biden, less than three weeks into his presidency, has declared that defeating the virus and fixing the economy are his top priorities. The proposal by the Ways and Means Committee, which plans to vote on it by week’s end, would also expand tax credits for families with children,...
    More On: minimum wage Biden’s push to increase federal minimum wage would cost over 1.5M jobs: CBO Democrats’ $15 minimum wage would drive a nail in the economy’s coffin Biden partisan ‘relief’ push puts Democrats’ desires ahead of the nation’s needs Biden ready to ram through $1.9T stimulus plan without GOP A case out of California shows the perils of politicians’ ordering raises for private-sector workers — and thereby killing their jobs. The City Council of Long Beach recently passed a law ordering grocery-store companies with over 300 employees nationwide to pay local workers an extra $4 per hour for at least the next few months. The “hero pay” mandate was supposed to reward brave grocery employees risking infection to work through the pandemic — but Long Beach didn’t actually pay for the bonus itself, so it wound up costing 200 heroes their jobs. Kroger, the nation’s largest operator...
    WASHINGTON -- Increasing the minimum wage to $15 an hour would reduce the number of Americans living in poverty and boost wages for millions of Americans while adding to the federal debt and joblessness, a new report from the Congressional Budget Office projects.The federal deficit would increase by about $54 billion over 10 years under a Democratic proposal to gradually increase the federal minimum wage to $15, largely because the higher wages paid to workers, such as those caring for the elderly, would contribute to an increase in federal spending, the estimate found.Democrats are pushing to include the higher minimum wage as part of their $1.9 trillion COVID-19 relief plan. House committees this week will begin crafting the legislation along the lines that President Joe Biden has requested. The Committee on Education and Labor included the wage hike in its portion of the COVID-19 legislation unveiled Monday.Beyond the wage increase,...
    Hiking the federal minimum wage to $15 an hour would lift pay for millions of impoverished American families and add to the nation's red ink and the number of unemployed, the Congressional Budget Office estimates.  The federal deficit would increase by about $54 billion over 10 years under a Democratic proposal to gradually lift the federal minimum wage from to $15. That's largely due to the higher wages paid to workers, such as those caring for the elderly, that would contribute to an increase in federal spending, according to a report released Monday by the nonpartisan federal agency. Democrats are pushing to include the higher minimum wage as part of their $1.9 trillion COVID-19 relief plan. The current baseline wage of $7.25 has not budged in nearly 12 years, the longest span without a raise since the U.S. adopted a federal minimum wage in 1938.  The high number of low-wage...
    . On February 8, 2021 at 1:46 pm. France Media Agency After months of mobilizing some staff to organize this election, nearly 6,000 people are being invited to mail their bulletins by March 6. The count is expected to begin on March 30, and will last for several days. If a majority of Bessemer warehouse workers vote in favor of unionization, they will automatically be represented by the RWDSU supply union, but will not become full members until the newcomer is approved. Company agreement, negotiation between the union and the company. Amazon is the second largest employer in the United States with 800,000 people, mostly workers and technicians in its logistics centers. So far, attempts to arrange in warehouses have failed. The warehouse organizing committee held a rally last weekend to persuade employees to join the RWDSU....
    Congrats to all the MarketWatch-ing Bucs fans! Here are Monday’s top stories:Personal Finance Have questions about managing student loan debt? MarketWatch’s ‘Mastering Your Money’ is here to help Experts offered tips for borrowers preparing for student loan payments to start again. The next Mastering Your Money events are on Feb. 10 and Feb. 17.Will Jeff Bezos’ philanthropy provide a ‘halo effect’ for Amazon? Critics say yes 5 questions worth asking as the retail giant's founder steps down as CEO and focuses on charitable giving ‘Real estate is your sex now’: SNL sketch skewers people’s obsession with Zillow — 3 reasons why millennials can’t stop scrolling Here's the real reason why so many people are fantasy scrolling through online real-estate listings these days.30% of workers would benefit from a minimum-wage hike to $15 an hour. Now for the downside… Some 17 million workers would see their wages boosted as a result...
    WASHINGTON (AP) — Increasing the minimum wage to $15 an hour would reduce the number of Americans living in poverty and boost wages for millions of Americans while adding to the federal debt and joblessness, a new report from the Congressional Budget Office projects. The federal deficit would increase by about $54 billion over 10 years under a Democratic proposal to gradually increase the federal minimum wage to $15, largely because the higher wages paid to workers, such as those caring for the elderly, would contribute to an increase in federal spending, the estimate found. Democrats are pushing to include the higher minimum wage as part of their $1.9 trillion COVID-19 relief plan. House committees this week will begin crafting the legislation along the lines that President Joe Biden has requested, but it’s unclear whether the minimum wage proposal will make it into the final product. The bill is expected...
    People line up to receive free holiday boxes of food from the Food Bank For New York City ahead of the Thanksgiving holiday, as the global outbreak of the coronavirus disease (COVID-19) continues, in the Harlem neighborhood of New York, U.S., November 16, 2020.Brendan McDermid | Reuters Raising the federal minimum wage to $15 an hour, as President Joe Biden has proposed, would cost 1.4 million jobs over the next four years while lifting 900,000 people out of poverty, according to a Congressional Budget Office report Monday. The impact on the employment rolls is slightly higher than the 1.3 million employment estimate from a 2019 report from the CBO, an agency that provides budgetary analysis to Congress. The number has been disputed by employment advocates who cite the benefits from the raise and say businesses will be able to handle the costs. Biden has acknowledged that the plan to...
    The Biden administration's proposal to increase the minimum wage to $15 would contribute to a net loss of 1.4 million workers by 2025, according to a report from the Congressional Budget Office. The incremental wage hike would also contribute an additional $54 billion to the federal deficit because of anticipated increases in the costs of goods and services and increased spending on unemployment insurance. The proposed change would affect roughly 17 million workers in the average week of 2025 who earn the minimum wage — in addition to another 10 million workers who already earn near $15 an hour. The federal minimum wage was last raised in 2009, when it increased from $6.55 to the current $7.25, according to the Department of Labor. News Minimum Wage Biden Administration Jobs
    Precious Cole joined the Fight for $15 during the summer in part to raise awareness about mental health issues facing low-wage workers. Precious Cole moved to Durham, North Carolina, after breaking down on a phone call to her mother. She was struggling mentally, emotionally, and financially; to Cole, these three things were inextricably linked. Cole was working a fast food job and was homeless, only eating on the days she went to work. Her meager paycheck did little more than allow her to sporadically rent motel rooms so she could shower and have a roof over her head for a few hours at a time. “I called my mother crying and pleading and she said, ‘Get on the bus, you’re coming here,’” Cole told Prism. That was two years ago. Now, at the age of 33, Cole has worked low-wage jobs in the fast food industry for nearly half her...
    More On: minimum wage Biden partisan ‘relief’ push puts Democrats’ desires ahead of the nation’s needs Biden ready to ram through $1.9T stimulus plan without GOP Here’s what Senate Dems rammed through in COVID ‘vote-a-rama’ Senate forges ahead with $1.9 trillion COVID-19 relief package after marathon night of voting If you think Gov. Cuomo’s lockdowns were hard on restaurant workers, watch what happens if President Biden and fellow Democrats more than double the federal minimum wage to $15, as they’re pushing to do. Senate moderates got a guarantee that the hike wouldn’t come while the pandemic rages, but Biden’s $1.9 trillion “relief” bill can still include a slightly delayed increase, with all its job-killing impact. Sure, hiking wages sounds great: Who doesn’t want a raise? But not if more pay actually costs you your employment. Fact is, many restaurant owners, and others who employ low-wage workers, will find...
    Black workers have been hit so hard during the coronavirus pandemic, and a full accounting of the hits is not yet complete. We know that Black people have been disproportionately likely to get sick, to be hospitalized, and to die from COVID-19. That they’ve been more likely to face job loss during the pandemic (when they aren’t being exposed to the virus at essential but underpaid jobs). That they’ve been less likely to get unemployment benefits. A recent report from One Fair Wage adds another angle to this litany of racist impacts: racist tipping practices. Black tipped workers already earned less than white ones before the pandemic. It got worse. “Since the pandemic, Black tipped workers were far more likely to report their tips had decreased by half or greater compared to workers overall (88% v 78%)—confirming that the racial bias that existed in tipping prior to the pandemic was exacerbated during the...
    A waiter wears a face mask at an outdoor dining area outside a restaurant during a snow storm on December 16, 2020 in New York City.Noam Galai | Getty Images As the Covid-19 pandemic continues to exacerbate socioeconomic inequalities, the restaurant industry is no different. During the pandemic, Black restaurant workers have received far less in tips than other racial groups, according to a report by labor advocacy group One Fair Wage. An overwhelming 90% of Black workers have reported their tips have declined by 50% or more, furthering the racial divide in the restaurant industry. By comparison, 72% of White workers said their tips had declined by that much. About 4,100 workers in five states and Washington, D.C., participated in the survey, which was conducted over the phone and via email from October through January. Although Black workers represent the majority of the tipped service industry, they are also...
    People gather together to ask the McDonald’s corporation to raise workers wages to a $15 minimum wage as well as demanding the right to a union on May 23, 2019 in Fort Lauderdale, Florida.Joe Raedle | Getty Images Millions of workers in the U.S. could be in for a pay raise as Democrats move to pass a $15 federal minimum wage without Republican support. Both President Joe Biden's American Rescue Plan and the recently reintroduced Raise the Wage Act would gradually lift the federal minimum wage to $15 from $7.25, where it's been since 2009. The Raise the Wage Act offers the following timeline: The federal minimum wage would jump to $9.50 this year and reach $15 an hour by 2025. After that, it would be indexed to median wages. The jump would give nearly 32 million American workers a raise, according to the Economic Policy Institute, a left-leaning research...
    By The Associated Press Recent editorials from Mississippi newspapers: ___ Jan. 31 The Gazebo Gazette on local politics: As the municipal election qualification deadline approaches, the list of candidates is rather small and generally incumbents are unopposed. In virtually every political poll of current times, it has become virtually impossible to beat an incumbent that has been there for more than one term unless the opponent has solid name recognition. In the research done, advantages come from being an incumbent with greater name recognition and this generally attracts votes that would not be gained by a challenger or running in an open seat race. Additionally, the financial status generally works towards the incumbent; not necessarily from their income but organizations that would provide them capital if they favored a position. The founding fathers never intended for members of Congress, nor state legislatures to use governmental positions to become wealthy and...
    WASHINGTON -- The Democratic push to raise the federal minimum wage to $15 an hour has emerged as an early flashpoint in the fight for a $1.9 trillion COVID-19 relief package, testing President Joe Biden's ability to bridge Washington's partisan divides as he pursues his first major legislative victory.Biden called for a $15 hourly minimum wage during his campaign and has followed through by hitching it to a measure that, among other things, calls for $1,400 stimulus checks and $130 billion to help schools reopen. Biden argues that anyone who holds a full-time job shouldn't live in poverty, echoing progressives in the Democratic Party who are fully on board with the effort."With the economic divide, I mean, I want to see a $15 minimum wage. It should actually be $20," said Rep. Rashida Tlaib, D-Mich.Some Republicans support exploring an increase but are uneasy with $15 an hour. They warn that...
    WASHINGTON (AP) — The Democratic push to raise the federal minimum wage to $15 an hour has emerged as an early flashpoint in the fight for a $1.9 trillion COVID-19 relief package, testing President Joe Biden’s ability to bridge Washington’s partisan divides as he pursues his first major legislative victory. Biden called for a $15 hourly minimum wage during his campaign and has followed through by hitching it to a measure that, among other things, calls for $1,400 stimulus checks and $130 billion to help schools reopen. Biden argues that anyone who holds a full-time job shouldn’t live in poverty, echoing progressives in the Democratic Party who are fully on board with the effort. “With the economic divide, I mean, I want to see a $15 minimum wage. It should actually be $20,” said Rep. Rashida Tlaib, D-Mich. Some Republicans support exploring an increase but are uneasy with $15 an...
            by Martha Njolomole  President Joe Biden’s new $1.9 trillion COVID-19 relief proposal includes a surprising provision: raising the federal minimum wage to $15. The fight for a higher minimum wage is not new, although it has been intensified by current events. The idea, more specifically, is to provide a “living wage.” Proponents argue that, currently, minimum wage workers cannot afford basic living expenses. But even if one assumes for the sake of argument that this is true and sets aside the fact that small businesses are already on the brink of collapse, it’s impossible to determine one suitable “living wage” for all parts of a vast and diverse country like the United States. Costs of Living Differ Enormously Beginning January 1 of this year, about 24 states have raised their minimum wage. According to the Economist, even after these 24 states raised their minimum wage, only three states are offering a...
    Florida State Sen. Jeff Brandes (R) has proposed an amendment to the state constitution that would exclude felons and others from receiving the minimum wage hike Florida approved last year.  The proposed amendment on Wednesday would leave prisoners, those convicted of a felony, those under the age of 21 and “hard to hire” employees out of the minimum wage hike and give them a “reduced minimum wage,” Click Orlando reported on Thursday.  Florida voters in November approved an amendment that would raise minimum wage to $15 an hour by 2026. The state’s minimum wage will go up to $10 in September then rise one dollar every year after until 2026.  The amendment Brandes proposed does not say what the “reduced minimum wage” would be set at or who falls under “hard to hire” workers.  If the legislature passes the amendment in March, it would go on the ballot for the people of...
    Happy Thursday MarketWatchers. Don’t miss these top stories:My father inherited money from his parents — he now tells people he earned it due to his (nonexistent) investment prowess ‘I would like my dad back, but I am afraid he is too far gone’‘I have been plagued by enormous guilt and regret:’ I tried to care for my late father, but I gave up. How can I ever forgive myself? ‘He was a good father, except everything had to be his way. But I know I was a cruel and horrible son.’ Ivanka Trump and Jared Kushner’s DC home is available to rent — for $18,000 a month Here’s a real estate tip for folks joining the incoming Biden administration: A rental vacancy has opened up in the tony DC neighborhood of Kalorama—an area known for foreign diplomats and political heavy hitters.5 ways to make this year better than last year...
    (CNN/WJZ) — Seeking to fulfill a long-standing Democratic ambition, a coalition of lawmakers introduced a bill on Tuesday that would raise the national minimum wage to $15 an hour. The measure, which is also included in President Joe Biden’s $1.9 trillion relief package, calls for gradually increasing the hourly wage in increments until it hits $15 in 2025. After that, it would be indexed to median wage growth — a move meant to guarantee wages keep up with inflation without needing new legislation. Democratic lawmakers have pushed for years to raise the minimum wage, which now stands at $7.25 and hasn’t been increased since 2009. President Barack Obama pressed in his 2013 State of the Union address to bump up the hourly rate in stages to $9 an hour over two years, and state and local governments around the country have done just that. Voters have consistently approved even bigger...
    Congressional Republicans say increasing the federal minimum wage to $15 will cost millions of jobs. Experts say that's not quite true. Congressional Republicans are pushing back on a plan to raise the federal minimum wage, saying it will lead to massive job losses across the country. Experts say Americans would in fact benefit from such a change and that claims of widespread unemployment aren't rooted in reality. On Tuesday, House and Senate Democrats reintroduced a bill to raise the federal minimum wage in annual increments from $7.25 to $15 an hour by 2025.
    WASHINGTON -- Seeking to fulfill a long-standing Democratic ambition, a coalition of lawmakers introduced a bill on Tuesday that would raise the national minimum wage to $15 an hour.The measure, which is also included in President Joe Biden's $1.9 trillion relief package, calls for gradually increasing the hourly wage in increments until it hits $15 in 2025. After that, it would be indexed to median wage growth -- a move meant to guarantee wages keep up with inflation without needing new legislation.Democratic lawmakers have pushed for years to raise the minimum wage, which now stands at $7.25 and hasn't been increased since 2009.President Barack Obama pressed in his 2013 State of the Union address to bump up the hourly rate in stages to $9 an hour over two years, and state and local governments around the country have done just that. Voters have consistently approved even bigger minimum wage hikes...
    Just one week into his presidency, Joe Biden has already taken numerous steps to implement part of his agenda. But one potential consequence has been the loss of jobs. While Biden’s intentions were undoubtedly not to lose any jobs, a series of executive orders and proclamations are set to cause just that. Officials in New Mexico have grown increasingly worried that Biden’s announcement of a temporary 60-day suspension of new oil and gas leasing and drilling permits on U.S. lands and waters will have devastating effects on the economy. Republicans in the state, along with local leaders in the Permian Basin areas– one of the regions most productive areas– are worried that the suspension of new permits could strip jobs and cripple the economy, as half of New Mexico’s production happens on federal land and generates hundreds of millions of dollars in royalties each year, according to the Associated Press...
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