In case you’ve never tried, it’s impossible to survive on the minimum wage in America | A reporter at a CBS affiliate in Charlotte, NC wondered, how can people afford to live a normal life working a minimum wage job? The answer: they can’t. A minimum wage worker rarely makes enough money to support themselves on a routine, monthly basis. [CBS Charlotte]
Small businesses, Fed economists agree minimum wage increase will boost economy | Economists at the Chicago Federal Reserve Bank say raising the minimum wage by $1.75 would increase household spending by about $48 billion the following year (about .3 percent of GDP). A new poll finds 67% of small-business owners support increasing the federal minimum wage and adjusting it yearly to keep up with the cost of living. [ThinkProgress, Miami Herald]
Costco leads, Wal-Mart extorts delivers ultimatum on minimum wage increase | Costco President and CEO Craig Jelinek is putting his name and company in the forefront of the latest drive to increase the federal minimum wage. Meanwhile, Wal-Mart says it won’t build in the city because Washington DC leaders voted to increase the District’s minimum wage. [Puget Sound Business Journal, Washington Post]
More To Read
September 24, 2024
Oregon and Washington: Different Tax Codes and Very Different Ballot Fights about Taxes this November
Structural differences in Oregon and Washington’s tax codes create the backdrop for very different conversations about taxes and fairness this fall
September 10, 2024
Big Corporations Merge. Patients Pay The Bill
An old story with predictable results.
September 6, 2024
Tax Loopholes for Big Tech Are Costing Washington Families
Subsidies for big corporations in our tax code come at a cost for college students and their families