Here are 6 ways a new report devastates the $15 minimum wage

Opinion 07/11/19, 16:10

Just in time for next week’s likely House vote on a federal $15 minimum wage, the nonpartisan Congressional Budget Office has come out with a caustic report on the consequences of the policy. The report confirms what even liberal economists caution: A $15 minimum wage would “risk undesirable and unintended consequences” and lead to ...

Democrats’ $15 minimum wage bill would kill 1.3 million jobs

Politics 07/10/19, 05:40

A study released on Monday by the nonpartisan Congressional Budget Office (CBO) indicated the possible elimination of 1.3 million jobs by 2025 if the Democrats’ $15 minimum wage bill is enacted. In the report, the CBO examined three options at $10, $12 and $15 for increasing the federal minimum wage ...

Julian Castro joins McDonald’s strikers in North Carolina

U.S. 05/23/19, 10:37

Democratic presidential contender Julian Castro joined a march to a McDonald's restaurant in North Carolina on Thursday to draw attention to workers' efforts to raise the minimum wage and secure other protections.Nearly all the 2020 Democratic presidential candidates have expressed support for the idea that the federal minimum wage should ...

$15 minimum wage becomes part of 2020 presidential landscape

2020 Campaign 05/20/19, 10:54

From liberal firebrands Bernie Sanders and Elizabeth Warren to moderates Joe Biden and John Hickenlooper, nearly the entire 2020 Democratic presidential field agrees that the federal minimum wage should be more than doubled, to $15 an hour. That near-unanimity reflects the success of an unorthodox campaign by the Service Employees International ...

Germany to introduce minimum wage for apprentices

Europe 05/15/19, 05:24

Germany is introducing a minimum wage for apprentices, a move likely to raise the income of tens of thousands of young people.Chancellor Angela Merkel's Cabinet on Wednesday approved draft legislation that will see minimum pay for apprentices of 515 euros ($578) per month introduced next year. It will rise annually.News ...

Hickenlooper proposing staggered federal minimum wage hikes

Politics 04/26/19, 17:05

Democratic presidential candidate John Hickenlooper is proposing a $15 federal minimum wage — with a twist. Rather than unilaterally hiking the wage to $15, the former Colorado governor proposes phasing in the increases depending on an area's cost of living. The most expensive quarter of the country would get a $15 ...

Bank of America raising hourly minimum wage to $20

Business 04/09/19, 12:29

Bank of America plans to raise its starting pay to $20 an hour over a two-year period, the bank said Tuesday, starting with a hike next month.The company, with more than 200,000 workers, said it is raising its minimum hourly wage to $17 on May 1 and will continue to ...

Google to require benefits, minimum wage for contractors

Tech 04/02/19, 18:02

Google said Tuesday it will require staffing companies it works with to pay workers at least $15 an hour and give them health benefits.The company has faced pushback from employees and contract workers for paying contractors less than full-time employees.Google did not say how many contractors and temporary workers it ...

Maryland becomes sixth state to approve $15 minimum wage

Sports 03/28/19, 14:00

Maryland became the sixth state in the nation on Thursday to approve a gradual minimum wage increase to $15 an hour.The Maryland General Assembly, which has a supermajority of Democrats, overrode Republican Gov. Larry Hogan's veto of a bill to raise the state's minimum wage from $10.10 to $15 an ...

GOP lawmakers ask Michigan court to rule on lame-duck laws

Business 02/20/19, 17:50

Seeking to avoid a lengthy legal fight, Republican lawmakers on Wednesday asked the Michigan Supreme Court to rule on the constitutionality of their unprecedented strategy to preemptively approve citizen-initiated minimum wage increases and paid sick leave requirements and then water down the laws after the election.The move came a week ...

Governor signs measure to hike Illinois minimum wage to $15

Business 02/19/19, 13:31

Illinois Gov. J.B. Pritzker has signed a measure gradually hiking the state's minimum wage to $15 an hour by 2025, the highest in the Midwest.It was one of the new Democratic governor's top campaign promises. He signed the six-year plan Tuesday at the Governor's Mansion.Illinois is on track to be ...

Illinois set to hike minimum wage to $15, highest in Midwest

U.S. 02/14/19, 19:18

Illinois legislators moved quickly Thursday to deliver one of new Democratic Gov. J.B. Pritzker's top campaign promises, a gradual hike in the statewide minimum wage from $8.25 to $15 an hour — more than double the pay floor that most of its Midwestern neighbors require.The state House voted 69-41 to ...

Update: House sends $15 minimum wage to Gov. Pritzker

Business 02/14/19, 17:31

The Latest on action in the General Assembly on a minimum wage increase (all times local):4:30 p.m.A $15-an-hour minimum wage is headed to Gov. J.B. Pritzker after the House approved the six-year plan.Thursday's 69-41 vote in the House almost guarantees it will become law.Pritzker, a Democrat, has pledged to sign ...

Plan for $15 Illinois minimum wage plan heads to House floor

Business 02/13/19, 19:07

An Illinois House committee approved a measure Wednesday that would hike the state's minimum wage to $15 within six years, setting up the legislation for an immediate floor vote and delivery to a receptive Gov. J.B. Pritzker by next week.The Labor and Commerce Committee voted 19-10 along party lines to ...

Update: House floor vote on $15 minimum wage next

Business 02/13/19, 18:07

The Latest on action in the Illinois General Assembly on a proposed minimum-wage increase (all times local):5:10 p.m.An Illinois House committee has approved a plan to increase the minimum wage to $15 over six years.The Democratic-controlled Labor and Commerce Committee's 19-10 vote on Wednesday along party lines sets up a ...

Analysis: $15 minimum wage no windfall for Illinois workers

U.S. 02/12/19, 17:55

Nearly a quarter of workers in Illinois would see their pay almost double under a proposal nearing final approval in the Legislature, but inflation will take a huge bite by the time the state's minimum wage reaches $15 an hour in 2025.The statewide pay floor has remained at $8.25 since ...

Analysis: $15 minimum wage no windfall for Illinois workers

U.S. 02/12/19, 16:23

Nearly a quarter of workers in Illinois would see their pay almost double under a proposal nearing final approval in the Legislature, but inflation will take a huge bite by the time the state's minimum wage reaches $15 an hour in 2025.The statewide pay floor has remained at $8.25 since ...

Analysis: $15 minimum wage no windfall for Illinois workers

U.S. 02/12/19, 15:59

The Illinois House could vote on a plan this week to increase the minimum wage to $15 an hour, but inflation will largely negate the impact by the time the pay floor reaches that level in 2025.House approval would send it to Gov. J.B. Pritzker, who wants to sign it ...

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