Recently, the new crown pneumonia Gold (CCP virus) bailout is in full swing, but the request to increase the federal minimum hourly wage bar to $15 is entwined in it, which has sparked great controversy; but in fact, many businesses and employers are not opposed to an increase in the hourly wage, just not to $15.
Congressman considers compromise: minimum hourly wage to $10
Currently, according to the federal government’s legal minimum wage is $7.25 per hour, and many businesses in the country have paid more than this minimum standard and also support raising the basic hourly wage; therefore, some members of Congress are considering a more compromise proposal: raising the hourly wage to $10 and extending the transition period needed for businesses to adapt.
The U.S. Chamber of Commerce (U.S. Chamber of Commerce) employment policy department head Spencer (Glenn Spencer) said: “We must use a more responsible perspective on the issue of raising the minimum wage, $ 15 sounds like a political consideration, rather than the results of a reference economic analysis. “
Business Roundtable: Salary adjustments must be carefully designed
By Amazon (Amazon) and Citigroup and other domestic giants formed the “Business Roundtable” (Business Roundtable), currently by Walmart (Walmart) CEO McMillon (Doug McMillon) as chairman, also expressed support for the adjustment The minimum hourly wage should be raised, but not by $15.
Joshua Bolten, president of the Business Roundtable, wrote in a letter to congressional leaders, “We believe that pay adjustments must be thoughtfully designed and appropriately reflect local variability without undermining the recovery of small businesses.”
Amazon and Costco (Costco) are now paying their employees $15 or more, and Wal-Mart, which has the largest number of employees in the country, announced only last month that it would adjust its average hourly wage to more than $15 in the future, but the minimum hourly wage remains at $11.
On the other hand, many small businesses and restaurants are not as good as the chain, can not load the minimum hourly wage increase too drastically, I’m afraid they are forced to lay off employees, or adjust the number of hours employees work to save costs.
Texas A&M University (Texas A&M University) economist Mill (Jonathan Meer) said: “This will be a big burden on small local stores, we should be concerned about like Amazon, or those who do not need to checkout staff of large enterprises, why they will support a minimum wage increase. “
The legislation provides for a federal minimum when $15, large corporations such as Citigroup, Amazon, or Wal-Mart supermarkets, do not table support.
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