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]
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