$15 minimum wage movement

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Fast Food Strike

#26

Post by Addie » Wed May 07, 2014 8:35 am

[link]Salon,http://www.salon.com/2014/05/07/exclusi ... or_may_15/[/link]





Exclusive: Fast food strikes in 150 cities and protests in 30 countries planned for May 15





On May 15, fast food workers plan to mount one-day strikes in 150 U.S. cities, accompanied by protests in thirty countries, labor sources tell Salon. Organizers expect the walkouts to spread for the first time to cities including Philadelphia, Miami, Orlando, and Sacramento, and to involve thousands of total workers, including hundreds each in cities including St. Louis, Kansas City, Milwaukee, Oakland, Detroit, Chicago, Los Angeles, and New York City.





Abroad, May 15 fast food protests – many of them targeting McDonald’s in particular – are planned in cities including Karachi, Casablanca, London, Sao Paolo, Dublin, Bangkok, Buenos Aires, Geneva, and San Salvador, as well as locations in India, Indonesia, Nigeria, South Africa, and Japan. Activists plan to hold a teach-in outside McDonald’s head office in Auckland, New Zealand; to stage flash mobs at five McDonald’s locations in the Philippines, and to shut down a major McDonald’s during lunchtime in Belgium. The following day, fast food workers in Italy plan to mount their own strike, staging protests in Rome, Milan, and Venice and shutting down stores for the day.





The actions, which will be announced at a noon press event in Manhattan, were discussed this week in New York at an international gathering of union leaders and fast food workers from dozens of countries, called by the global union federation IUF (International Union of Food, Agricultural, Hotel, Restaurant, Catering, Tobacco and Allied Workers’ Associations). They mark the latest escalation in the showdown between an embattled U.S. labor movement and a fast food industry whose jobs are increasingly prevalent and representative of work in America’s post-crash economy. “I’m tired of trying to make ends meet and they’re not meeting…” Richmond, Virginia, Burger King employee Crystal Travis told Salon before joining a 100-city strike last December. “I don’t make enough to even have Christmas.”





As I’ve reported, the campaign’s demands are $15 per hour wages and the chance to freely form a union; its primary funder and director is the Service Employees International Union; and its tactics include a mix of media, legal, political, and workplace pressure on the industry. Like high-profile recent organizing efforts against non-union targets including Wal-Mart, the campaign has sought to use short-term strikes by small minorities of the workforce as anchors for broader campaigns to engage co-workers and embarrass management, even without generally shutting down places of business. Over the past two months, the campaign has hailed the filing of wage theft lawsuits against McDonald’s, the announcement of a mayor-backed plan to raise Seattle’s minimum wage to $15 over the next decade, and the release of research showing a 543-to-1 fast food CEO-to-worker pay ratio in 2012.
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Re: Fast Food Strike/$15 minimum wage movement

#27

Post by Addie » Wed Nov 11, 2015 8:48 am

LA Times
Why the success of the $15 minimum wage movement has surprised its leaders

Nearly three years ago, a group of about 200 workers at McDonald's, Taco Bell and other New York City fast-food restaurants walked off the job and rallied for higher wages.

It was widely described as the largest series of demonstrations ever in the fast-food industry.

Fast-forward to Tuesday, and the so-called Fight for $15 movement seeking better pay for fast-food and other low-wage workers has spread to what organizers say are 270 cities across the U.S. All three Democratic presidential candidates weighed in with support on Twitter after rallies began. The governor of New York and the mayor of Pittsburgh issued orders Tuesday that will lead to a $15 minimum wage for all government workers.

How the once-fledgling campaign has captivated national political discourse is a testament to the uneasiness still felt by many Americans left out of the recovery from the Great Recession. Although jobs have continued to grow since the depths of the downturn, earnings for lower- and middle-income workers have not.

By galvanizing efforts around fast-food workers — people who many interact with on a daily basis — the movement's organizers, backed in part by the nation's second-largest labor union, have worked to change the public perception of low-wage work.
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Re: Fast Food Strike/$15 minimum wage movement

#28

Post by Volkonski » Thu Nov 12, 2015 1:40 pm

The GOP's minimum-wage opposition makes total sense. And that's horrifying.

http://theweek.com/articles/588311/gops ... horrifying
Ben Carson in particular implied that the social importance of keeping people in the workforce trumps the importance of raising wages. Recalling his own youthful employment, Carson said, "I would not have gotten those jobs if someone had to pay me a large amount of money. But what I did gain from those jobs is a tremendous amount of experience, and how to operate in the world and how to relate to different people, and how to become a responsible individual."

Donald Trump, being Donald Trump, was even more blunt: "Taxes too high, wages too high, we're not going to be able to compete against the world. I hate to say it, but we have to leave it the way it is."

Now, Carson's social-importance-of-work argument isn't necessarily wrong, though it's a highly romanticized portrait of low-end employment in America. But even if you agree with it wholeheartedly, it doesn't change the fact that the GOP's two lead candidates both straight up said American workers — especially low-wage workers — are just going to have to put up with being poorer if they want to stay in the workforce.
See what I mean about making internal sense, but in a horrifying way?
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Re: $15 minimum wage movement

#29

Post by Addie » Tue Nov 29, 2016 8:58 am

WaPo
Airport workers at major U.S. hubs to join Fight for $15 protests Tuesday

Cabin cleaners, baggage handlers and wheelchair attendants at major U.S. hubs will join thousands of other low-wage airport workers in a national day of protest Tuesday to demand better wages.

Authorities say the demonstrations, planned for airports in New York, Los Angeles, Washington and elsewhere will have minimal impacts on operations, but workers are hoping they will draw the attention of travelers returning from the long Thanksgiving holiday weekend. Workers at Chicago’s O’Hare International Airport are taking more serious steps and planning to strike.

This could be the largest demonstration of service industry workers as part of the growing labor movement known as the Fight for $15.

Organizers say their message to Washington, President-elect Trump and other elected officials is that they won’t stay quiet in regard to efforts to block wage increases, end healthcare options and deport immigrants.
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Re: $15 minimum wage movement

#30

Post by Addie » Tue Nov 29, 2016 4:39 pm

Associated Press
Dozens arrested during US protests for higher minimum wages

CHICAGO — Dozens of people were arrested Tuesday as they participated in protests nationwide for a $15 per hour minimum wage.

Fast-food restaurant workers and home and child-care workers rallied in cities including Chicago, Detroit, Houston, Los Angeles, Minneapolis and New York. In many cities the protesters blocked busy intersections.

In Chicago, hundreds of protesters at O’Hare International Airport were outside terminals chanting “What do we want? $15! When do we want it? Now!” Police gated an area to allow travelers room to walk. As many as 500 workers at the airport planned to strike.

Thousands planned to walk off the job at McDonald’s restaurants, organizers said. The efforts are part of the National Day of Action to Fight for $15.
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Re: $15 minimum wage movement

#31

Post by Addie » Wed Jun 28, 2017 10:28 am

WaPo
Seattle’s higher minimum wage is actually working just fine

Here's what's wrong with a University of Washington study that found it hurt low-wage workers.

When Seattle City Council member Kshama Sawant and workers in the Fight for $15 were negotiating an increase in Seattle’s minimum wage back in 2014, opponents of their effort warned — as minimum wage opponents often do — that paying low-wage workers too much too soon would have harmful economic consequences. Two years after Seattle began increasing its minimum wage (for most businesses with 500 or more employees, it’s headed to $15 an hour next year), Seattle’s economy is as strong as ever. The Seattle unemployment rate in April, for example, was 2.6 percent, the lowest it has been in nine years. Yet the release of a new study this week from a group of researchers at the University of Washington has brought opponents of minimum wage increases out of the woodwork again.

One would do well to dismiss these naysayers. The new study’s findings are out of step with a large body of research pertinent to Seattle’s minimum wage increase, and the study has important limitations. Another recent study without those limitations, from Michael Reich, Sylvia Allegretto and Anna Godoey at the University of California at Berkeley, is more consistent with other research and shows that Seattle’s minimum wage is having its intended effects. The Berkeley study also squares with the lived experiences of people across the country who overwhelmingly support making businesses provide fairer pay for a hard day’s work.

So what did the University of Washington team find, and why isn’t it a big deal?
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Re: $15 minimum wage movement

#32

Post by Addie » Sun Jul 09, 2017 9:31 am

Salon
Republicans in several states are lowering the minimum wage — yes, you read that right

While journalists and political junkies are focused on the latest implosion of the GOP effort to repeal Obamacare and gut Medicaid, conservatives in several states have been working to decrease the minimum wage that businesses can pay to their workers.

In Missouri, Republicans just passed a law overturning a local measure passed by the city of St. Louis that had raised the minimum wage to $10 per hour.

The new law will prohibit counties and cities within Missouri from creating their own minimum wage laws. It will also roll back the St. Louis minimum hourly wage to the statewide floor of $7.70. ...

Missouri is not the only state where Republican elected officials have successfully targeted minimum wage laws. Until recently, such an action seemed like a conservative pipe dream. Thanks to a years-long hollowing out of the Democratic Party in rural and exurban areas, however, right-wing politicians have become able to pursue policies that were once impossible.

The GOP effort in Missouri came on the heels of an earlier success in March, when Iowa Republicans managed to roll back mandatory pay increases passed by local jurisdictions. It was the first time such a law had ever been passed, according to the National Employment Law Project, a liberal nonprofit group that supports higher minimum wage laws.
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Re: $15 minimum wage movement

#33

Post by Addie » Sat Jun 02, 2018 12:06 pm

Business Insider
Costco just became an even more appealing place to work after raising its minimum wage to $14 an hour ...

In a call with investors on Thursday, Costco's CFO, Richard Galanti, confirmed that the retailer would be raising its minimum wage from $13 to $14, effective June 11.

Warehouse employees will receive an increase of between $0.25 to $0.50 an hour, he said.

The wage increase comes in the wake of the GOP's corporate tax cuts, which has encouraged companies to raise wages and even hand out bonuses to employees.

Earlier this year, Walmart also announced that it would raise starting wages for its hourly employees from $9 to $11 and would offer a one-time cash bonus of up to $1,000 to other employees who are not impacted by these increases.

More than 1 million employees would benefit from this, according to Walmart.
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Re: $15 minimum wage movement

#34

Post by TollandRCR » Sat Jun 02, 2018 12:52 pm

OK, so now i will drive to Enfield, almosr in MA, to shop. I wish CT had a few really dedicated liberals to attract CostCo
OTOH, i am glad of less competition from Democratic politicians for the prime steaks there.
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Re: $15 minimum wage movement

#35

Post by Addie » Thu Jun 14, 2018 7:48 pm

The Hill
North Carolina becomes first state to adopt $15 minimum wage for state employees

North Carolina has become the first state to adopt a $15 minimum wage for most of its state employees, The Courier-Tribune in Asheboro reported.

The change was included in the state’s budget, which went into effect on Tuesday. State lawmakers had voted to overturn Gov. Roy Cooper’s (D) veto of the budget.

The new minimum wage means about 9,000 state workers will get a raise. The new minimum salary for full-time staffers clocks in at about $31,200 a year, the newspaper reported.

The change applies to most jobs in state agencies and in the University of North Carolina system, but does not apply to temporary workers, or public school or community college employees who make less than $15 an hour.

Robert Broome, the executive director of the State Employees Association of North Carolina, told the Courier-Tribune that public school bus drivers, custodians and teaching assistants are largely excluded from the new minimum wage.
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Re: $15 minimum wage movement

#36

Post by Addie » Sat Aug 25, 2018 5:13 pm

CNN
Walt Disney World workers land deal for $15 minimum wage

Disney reached a deal with unions that would hike the minimum wage for Walt Disney World Resort workers to $15 an hour by 2021, signaling an end to contract negotiations that have dragged on for nearly a year.

The agreement, which covers thousands of park and resort employees, would increase starting wages by 50%. Workers would also get the $1,000 bonuses they were promised earlier this year.

Marathon negotiations carried into the early morning this week before a deal was reached late Friday night, according to a union official. It will be voted on by union members on September 5 and is expected to easily pass.

"I expect it to be a resounding 'yes,'" said Eric Clinton, president of Unite Here Local 362. "We've had excellent turnout. People feel so high ... I walked in this morning at 7 a.m. for a staff meeting and people were clapping and cheering, and they just really feel great." ...

Employees covered by the deal include food service, custodial, hotel and park workers. ...

Disney reached a deal in July to lift minimum hourly wages to $15 for Disneyland workers in Anaheim, California beginning next year. That agreement also ended a long battle with union representatives.
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Re: $15 minimum wage movement

#37

Post by Addie » Tue Oct 02, 2018 1:23 pm

Reuters
Amazon to raise minimum wage to $15 for U.S. employees

(Reuters) - Amazon.com Inc said on Tuesday it would raise its minimum wage to $15 per hour for its U.S. employees from next month, as it faces criticism for pay disparity from lawmakers and labor unions.

The move comes at a time when the “Fight for Fifteen” movement — a union-led push for a $15 minimum wage — has been gaining traction in cities across the country.

Amazon, which became the second company to cross $1 trillion market value last month, on average paid employees $28,446 last year. The company is led by Jeff Bezos, who is the world’s richest man with a net worth of $150 billion, according to Forbes.

“We listened to our critics, thought hard about what we wanted to do, and decided we want to lead,” Bezos said. “We’re excited about this change and encourage our competitors and other large employers to join us.”
Adding:
The Atlantic: Amazon's $15 Minimum Wage Is a Brilliant Business Strategy

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Re: $15 minimum wage movement

#38

Post by ZekeB » Tue Oct 02, 2018 2:07 pm

Hourly pay is only part of the formula. Assuming a single parent earns $30,000 a year ($15 an hour) and buys family plan health insurance, they are spending half of their income on health insurance. We need single payer health insurance AND a $15 minimum.
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Re: $15 minimum wage movement

#39

Post by Addie » Tue Oct 02, 2018 2:21 pm

Indeedy, Zeke :thumbs:

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Re: $15 minimum wage movement

#40

Post by DmitriNotPetra » Tue Oct 02, 2018 2:53 pm

My favorite is the semi-skilled worker MAGA types who are like I BUSTED MAH TAIL TA MAKE 15 AN HOUR AN MAH JOB A LOT HARDER THAN FLIPPING BURGERS and you’re like well if it went through, your wages would probably go up then through simple metrics of paying more to keep skilled workers over higher paying, less intense jobs... then they call you a snowflake. I’m glad you’re broke, asshole.

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Re: $15 minimum wage movement

#41

Post by Addie » Mon Dec 03, 2018 12:08 pm

New York Mag
For Low-Wage Workers, the Fight For 15 Movement Has Been a Boon

The Fight for 15 movement to raise minimum wages directly led to a collective $68 billion raise for 22 million low-wage workers in both the public and private sectors. That’s the conclusion of new analysis published by the National Employment Law Center, which backs a higher minimum wage. “Of the $68 billion in additional income, the overwhelming share (70 percent, or $47 billion) is the result of $15 minimum wage laws that the Fight for $15 won in California, New York, Massachusetts, Flagstaff, Los Angeles, San Jose, San Francisco, the District of Columbia, Montgomery County, the Twin Cities, Seattle, and SeaTac over the past few years,” NELP researchers reported. NELP further found that the $68 billion figure is “more than 14 times larger than the total raise under the last federal minimum wage increase, approved in 2007.”

Since Fight for 15 launched in 2012, the idea of a $15 minimum wage has become a popular cause for progressive activists, and an increasingly popular talking point for Democrats occupying or seeking elected office. The party’s official platform now includes a commitment to a $15 minimum wage and in 2017, Minority Leader Nancy Pelosi announced that the party would introduce a bill reflecting that commitment if Democrats took back the House. They’re now poised to make good on that promise in January, though with Republicans in charge of the Senate and the White House, the federal minimum wage probably won’t budge for years.

At the state and city levels, however, voters have begun to take matters into their own hands. As NELP notes, a number of cities and states have already passed minimum wage increases – some to $15 an hour, some to $12 or lower. On November 6, voters in Missouri and Arkansas voted to raise their minimum wages to $12 by 2023 and $11 by 2021 respectively. But even when voters support minimum wage hikes, they can be less popular with their elected officials. The Washington, D.C. city council repealed a minimum wage increase for tipped workers even though voters resoundingly approved it at the ballot box; the city’s Democratic mayor, Muriel Bowser, even backed a challenger to Council member Elissa Silverman, who had opposed the repeal. In Michigan, the Detroit News reports, Republican state legislators have already moved to scale back a minimum wage increase, which the legislature passed in September in order to keep it off November’s ballot.

Opponents of minimum wage increases – like the D.C. restaurateurs who campaigned against higher wages for tipped workers – typically argue that extra expenses will force fire workers or even close, harming employers and employees alike. More research is necessary, but right now there’s no conclusive proof that a higher minimum wage leads to significant job losses. After Ontario, Canada passed a steep minimum wage hike, the state did initially lose jobs. But as Bloomberg News reported in February 2018, economists aren’t convinced that the losses are related to a higher minimum wage. Experts interviewed by the website pointed to market corrections as a possible factor, and noted that some low-wage industries affected by the hike actually added jobs, making the law’s impact difficult to gauge.

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Re: $15 minimum wage movement

#42

Post by Addie » Mon Feb 04, 2019 4:18 pm

NJ.gov
Governor Murphy Signs Landmark Legislation Raising Minimum Wage to $15 Per Hour

New Law Will Boost Wages for Over One Million New Jersey Workers


ELIZABETH – Governor Phil Murphy today signed legislation that will raise New Jersey’s minimum wage to $15 per hour by 2024. The bill (A-15), sponsored by Senate President Steve Sweeney and Assembly Speaker Craig Coughlin, will grow the economy and raise wages for over one million New Jersey workers, giving them a foothold in the middle class.

“For far too long, too many of our fellow New Jerseyans have been struggling to survive on wages that have not kept up with the cost of living,” said Governor Murphy. “I am incredibly proud to sign legislation that raises the minimum wage to $15 per hour, ensuring that the most vulnerable among us will have the means to put food on the table, while growing our economy and addressing priorities of the small business community. I thank Senate President Sweeney, Speaker Coughlin, and thousands of advocates and community leaders throughout our state for their unwavering commitment to making this goal a reality.”

“In New Jersey there is no way a family can survive on $8.85 an hour. Fair wages are about paying people enough to afford the rising costs of health care, education and the basic necessities in life,” said Lieutenant Governor Sheila Y. Oliver, who also serves as Commissioner of the Department of Community Affairs. “New Jersey has made a historic decision today that will help raise over a million working families out of poverty while boosting the economy. I proudly stand by Governor Murphy as he signs a $15 minimum wage into law.”

“Our goal of reaching a $15 minimum wage will now become a reality. A minimum wage should be a living wage,” said Senate President Sweeney. “This is a progressive plan that will provide greater economic fairness for minimum wage workers, helping to improve their standard of living and their quality of life. We can now achieve greater economic fairness by closing the wealth gap that has separated segments of society.”

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Re: $15 minimum wage movement

#43

Post by Addie » Sat Feb 09, 2019 10:23 am

Cross-posting

Vox
House Democrats’ new plan for a $15 minimum wage, explained

The Raise the Wage Act is the most ambitious effort yet to overhaul the federal minimum wage.


First it was Seattle, then San Francisco. Later, it was the entire state of California, then Massachusetts, New York, and Washington, DC. In January, New Jersey became the latest state to raise its minimum wage to $15 an hour.

Now Democrats in Congress are pushing for a $15 minimum wage in every state.

On Thursday, the House Committee on Education and Labor held its first hearing on the Raise the Wage Act, which would eventually double the federal minimum wage by 2024. The current minimum has been stuck at $7.25 since 2009. The law would also tie future changes to the minimum wage based on changes to median workers’ pay. So if middle-class wages go up — or down — so does the minimum wage.

The bill, which has about 180 co-sponsors (all Democrats), would also phase out the lower minimum wage for tipped workers — such as restaurant servers and valets — which has been $2.13 an hour since 1996.

Fast-food workers have been at the forefront of this effort to increase wages. Within five years, they’ve transformed an improbable proposal into a popular policy — one that would address, in part, the slow wage growth American workers are experiencing.

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Re: $15 minimum wage movement

#44

Post by Addie » Fri Feb 15, 2019 5:57 pm

Vox
Illinois and New Jersey just passed a $15 minimum wage. That means 1.8 million workers get a raise.

Fast-food workers organized dozens of strikes, rallies, and protests to make this happen.


Years of strikes and rallies to raise the minimum wage across the US are starting to pay off.

Earlier this month, New Jersey became the fourth state in the country to raise its minimum wage to $15 an hour. Illinois is poised to become the fifth one.

On Thursday, Illinois state lawmakers passed a law that will gradually raise the wage floor from $8.25 to $15 an hour by 2024 —the first state in the Midwest to do so. Illinois’s new governor, J.B. Pritzker, had campaigned on a $15 minimum wage and is expected to sign the bill in the coming days. Earlier this month, New Jersey Gov. Phil Murphy signed a similar bill.

In all, nearly 2 million low-wage workers in both states will get a raise in 2019, according to an analysis by the left-leaning Economic Policy Institute.

The news signals growing momentum for the years-long effort to raise the minimum pay to $15 an hour for workers all across the country. California was the first state to hike hourly wages to $15 in 2016, followed by Massachusetts, New York, and Washington, DC. And Democrats in Congress are now considering a bill for the first time that would establish a $15 federal minimum wage.
Adding:
Associated Press: Governor signs measure to hike Illinois minimum wage to $15

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Re: $15 minimum wage movement

#45

Post by Addie » Sun Feb 24, 2019 7:20 pm

New York Times
Dollars On The Margins ...

“I felt like a zombie,” Payes told me. “No energy. Always sad.” Yet just to afford basic necessities, he had to work up to 16 hours a day, seven days a week. Back then, he and his mother and two siblings all shared a single, unfurnished room. They were a tight-knit family, but Payes’s work schedule kept him away. Once, his younger brother, Alexander, who was 8 at the time, told him he was saving money. “I want to buy one hour of your time,” Payes remembers his brother telling him. “How much for one hour to play with me?” Payes looked at his brother and wept. Not long after that, Payes fainted from exhaustion in the aisle of a grocery store. He was 24. ...

Payes became active in the Fight for $15 political campaign, participating in marches and other shows of collective force. “The first time we did a strike, I felt very nervous,” he said. But when he showed up in his work uniform and saw a mass of fast-food workers, thousands strong, he found his voice. It felt like church.

The policymakers responded. On a historic Tuesday night in May 2015, the Emeryville City Council voted to raise the city’s minimum wage to about $16 an hour by 2019. It would amount to the highest minimum wage in the country, outpacing San Francisco’s and Seattle’s. Emeryville’s minimum for workplaces with 55 or fewer employees jumped to $13 an hour in 2016, then $14 an hour in 2017, then $15 an hour in 2018. On July 1 of this year, it will reach $16 an hour for all businesses. ...

For years, when American policymakers have debated the minimum wage, they have debated its effect on the labor market. Economists have gone around and around, rehashing the same questions about how wage bumps for the poorest workers could reduce employment, raise prices or curtail hours. What most didn’t ask was: When low-wage workers receive a pay increase, how does that affect their lives?

But recently, a small group of researchers scattered around the country have begun to pursue this long-neglected question, specifically looking into the public-health effects of a higher minimum wage. A 2011 national study showed that low-skilled workers reported fewer unmet medical needs in states with higher minimum-wage rates. In high-wage states, workers were better able to pay for the care they needed. In low-wage states, workers skipped medical appointments. Or consider the research on smoking. Big Tobacco has long targeted low-income communities, where three in four smokers in America now live, but studies have found strong evidence that increases to the minimum wage are associated with decreased rates of smoking among low-income workers. Higher wages ease the grind of poverty, freeing up people’s capacities to quit.

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Re: $15 minimum wage movement

#46

Post by neonzx » Tue Mar 26, 2019 6:25 pm

:shock: This is a surprise.

Exclusive: McDonald's to stop lobbying against minimum wage increases
Fast-food giant McDonald's boosted congressional Democrats' efforts to hike the minimum wage Tuesday by telling the National Restaurant Association that it will no longer participate in lobby efforts against minimum-wage hikes at the federal, state or local level.
:snippity:
In the letter, McDonald's stated that the average starting wage at its corporate-owned stores already exceeds $10 per hour, "and while McDonald’s Corporation does not control the wages franchisees pay in their own restaurants, we believe the average starting wage offered by those independent business owners is likely similar."

McDonald's' decision to quit the National Restaurant Association's campaign against raising the minimum wage represents a serious blow to the trade group, which reportedly has lobbied against wage increases in more than 30 states.

"Ultimately, progress must come from all corners of our society," Gent wrote, "and McDonald’s Corporation is committed to playing a meaningful role in the spaces we occupy."
John Schnatter unable to be reached for comment. 8-)
To which Trump replied, Fuck the law. I don't give a fuck about the law. I want my fucking money.

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Re: $15 minimum wage movement

#47

Post by Addie » Wed Apr 10, 2019 11:01 am

Associated Press
Bank of America raising hourly minimum wage to $20

NEW YORK — 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 increase pay until it hits $20 an hour in 2021.

Bank of America raised its hourly minimum wage to $15 in 2017. "If you get a job at Bank of America, you'll make $41,000 per year," Chairman and CEO Brian Moynihan said during a television interview on MSNBC.

The timing of Bank of America's announcement is no coincidence. Moynihan and the CEOs of JPMorgan Chase, Citigroup, Goldman Sachs and three other banks will appear in front of a House finance committee Wednesday in the most significant hearing on the banking industry since Democrats took control of the House earlier this year.

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Re: $15 minimum wage movement

#48

Post by Addie » Fri Apr 26, 2019 11:40 am

Reuters
Higher state minimum wage tied to lower suicide rates

(Reuters Health) - Suicide rates grow more slowly in states that increase their minimum wage, according to a U.S. study that suggests this might be one strategy for curbing deaths by suicide.

Although a small proportion of the population works for minimum wage, people living in low-income households have a higher risk of suicide than more affluent people, researchers note in the American Journal of Preventive Medicine. Raising the minimum wage has been linked to a number of positive outcomes for low-income Americans including higher odds of graduating high school and lower odds of having unmet medical needs.

For the current study, researchers examined data on suicide rates and minimum wages in all 50 U.S. states from 2006 to 2016. Over this period, there were approximately 432,000 deaths by suicide.

The minimum wage averaged $8.00 an hour during the study, although it changed at some point over the decade in all 50 states.

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