Raise The Minimum Wage – ‘Business Owners Welcome White House Support for $10 Minimum Wage’
$10 is actually not enough.
WASHINGTON, Nov. 8, 2013 /PRNewswire-USNewswire/ —
‘Business owners applauded President Obama in
backing a federal minimum wage increase to at least
$10 an hour’.
“The American Dream needs a minimum wage increase,”
said Lew Prince, CEO and co-owner of Vintage Vinyl
in St. Louis, the Midwest’s largest independent
music store. “The current minimum wage is too low
for workers to live on and too low to sustain the
consumer demand that businesses need to survive and
thrive.”
“We can’t build a strong economy on a minimum wage
from 1950, which is equivalent to today’s $7.25
minimum wage, after adjusting for inflation,” said
Holly Sklar, Director of Business for a Fair
Minimum Wage. “The minimum wage has lost a third of
its buying power since 1968, undermining working
families, businesses and our economy.”
From :
http://www.reuters.com/article/2013/11/08/biz-minim
um-wage-reax-idUSnPnDC517mX+161+PRN20131108
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