CBO: Hiking Minimum Wage to $15 Would Throw 1.3 Million Americans Out of Work
A new CBO study estimates that a hike to $15 in 2025 would boost the pay of 17 million workers but also cost 1.3 million jobs.
A new CBO study estimates that a hike to $15 in 2025 would boost the pay of 17 million workers but also cost 1.3 million jobs.
Restaurant franchisee Larry Fox is pushing back against Democrats’ plan for $15 minimum wage, arguing that his employees earn up to $28 per hour.
Bank of America’s 205,000 will be paid at least $20 an hour, chief executive Brian Moynihan said Tuesday.
A new report reveals that left-wing Hollywood stars like Amy Schumer are being flat-out rejected by New York City waitresses over a pending minimum wage increase the workers believe will hurt more than help.
Amazon finally caved to pressure for a company-wide $15 minimum wage in November. At Whole Foods, the difference looks to be made up in cuts to scheduled hours.
The private equity guys may have found some very good friends in an unexpected place: the U.S. Senate’s liberal Democrats.
Sunday on New York AM 970 radio’s “The Cats Roundtable,” Labor Secretary Alexander Acosta criticized the idea of raising the minimum wage to $15 an hour. Acosta argued the $15 minimum wage mark across the country would result “cost us jobs”
Howard Schultz, former Starbucks CEO, self-made billionaire, and potential presidential candidate, got an icy reception in hometown Seattle.
New York City restaurants, feeling the pinch of trying to make ends meet, are slashing their staff after a state law that took effect at the end of 2018 is mandating restaurants with 11 or more workers to pay a $15 an hour minimum wage.
Alfredo Ortiz of Job Creators Network writes in The Hill that the $15 minimum wage, a top priority for the new Democrat House majority, could seriously hurt the economic climate for small business.
Multinational tech corporation Amazon has increased its minimum wage for its workers to $15 an hour, a benefit of President Donald Trump’s tightened labor market.
A UC Berkeley study published on Thursday found that no restaurant jobs had been lost in the 4 years since 3 Bay Area cities joined the ‘Fight for $15’ minimum wage.
San Francisco became the first California city to implement a $15 minimum wage ordinance for all businesses on July 1. The union-backed “Fight for $15” claimed Seattle as the first city to pass a $15 minimum wage ordinance in June
Gov. Charlie Baker (R) of Massachusetts signed a bill Thursday to raise the state’s minimum wage to $15 an hour by 2023.
Starbucks has announced that it will close 150 locations in some of the nation’s big cities to get ahead of its worst growth performance in nine years. But the company also admitted it is racing to blunt the effect of cities with higher minimum wages and other business-killing regulations.
Costco announced on Thursday it will raise its minimum wage for hourly workers, thanks to President Donald J. Trump’s tax cut legislation.
National Center for Public Policy Research Senior Fellow Horace Cooper joined SiriusXM host Amanda House on Breitbart News Sunday to talk about a new blueprint for improving black communities.
Venezuelan dictator Nicolás Maduro announced on Wednesday that Venezuelan mothers will receive a 1.5 million bolívar deposit in their bank accounts, a “bonus” to celebrate Mother’s Day in the socialist Latin American country.
Major League Baseball has tried several avenues to exempt the minor leagues from being forced to pay aspiring players the minimum wage, the latest of which is a provision in an upcoming government spending bill about to be voted on in Washington, DC.
Employees at Disneyland are reportedly struggling to put food on their tables and keep a roof over their heads, painting a different picture of the site billed as “the happiest place on earth.”
Jack in the Box CEO Leonard Comma claimed “it just makes sense” to replace human workers in the restaurant industry with robots as the minimum wage increases.
Will Democrats and progressive activists apologize for their steadfast opposition to tax cuts now that the benefits to their so-called constituents have become so clear?
Don’t hold your breath.
New York City Mayor Bill de Blasio will ring in the new year with a 15 percent salary bump that adds up to more than what a minimum wage worker earns in a year.
The monthly minimum wage in the socialist country of Venezuela has crashed to under four dollars a month as hyperinflation continues to crush the country’s shattered economy.
NEW YORK– Doug Jones, the Democratic candidate for December’s Senate special election in Alabama, is pushing a living wage scheme for the state and country that has a history of hurting small businesses, negatively impacting local economies and decreasing employment opportunities for low income workers.
A recent report found that 95 percent of lawmakers who support raising the minimum wage to $15 nationwide do not pay their interns.
A Maryland county could lose an estimated 47,000 jobs by 2022 if it chooses to raise the minimum wage to $15 an hour, according to a new study released Tuesday evening.
The value of the bolívar, the currency of crisis-stricken Venezuela, dropped to new lows this weekend and has now lost 99.9 percent of its value against the U.S. dollar since 2010.
Rep. Tim Ryan (D-OH) believed his party gets “too focused” on the minimum wage issue when they need to focus more on the working class. “[T]his is a criticism that I have, that we get too focused on the minimum
Venezuelan President Nicolas Maduro has raised the country’s minimum wage by 50 percent amid soaring inflation that has rendered its currency practically worthless.
A Seattle-sponsored analysis of the city’s $3 per hour minimum wage hike has found that it cost the average low-skilled worker $1,500 a year due to employers slashing hours.
A new study from the University of Washington says that Seattle’s hike in its minimum wage is hurting the very workers it was supposed to help.
Angelica Kitchen, long a staple of the East Village, closed their doors after 40 years of operation in response to the increased cost of labor mandated by the new wage policy.
Oakland Mayor Libby Schaaf wants to fund a $32 million budget deficit by grabbing millions in revenue from November’s voter-approved soda tax initiative — and critics are accusing her of a “bait-and-switch.”
Illinois Democrats are hoping to pass a minimum wage hike up to $15 an hour during the spring legislative session despite the governor’s opposition to increases of any kind.
A new review of the restaurant industry in San Diego, California, shows that since its minimum wage hike to $11.50 per hour, the city has lost a whopping 4,000 restaurant jobs.
“The true minimum wage rate is zero—the amount an unemployed person receives from his non-existent job,” Milton Friedman wrote in Newsweek 45 years ago. Two economists writing about the decision of St. Louis city fathers to boost its minimum wage come to a similar conclusion.
I thought the grim lesson of the burger-flipping robot was so obvious it barely deserved comment, but comment I did… and soon discovered plenty of people do need this lesson explained to them.
After Amendment 70 forced Colorado businesses to pay a higher minimum wage, many Denver-area restaurants are struggling to survive. In a bid to stay in business, some restaurants are now adding a ten percent surcharge to make up for the recent hike.
Despite its good intentions, minimum wage legislation overwhelmingly harms many people with disabilities, condemning them to a life of unemployment, according to a recent report.