Author Topic: Corporations That Support The $15 Minimum Wage Can Afford It. Here’s Who Can’t  (Read 634 times)

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Offline Ptarmigan

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Corporations That Support The $15 Minimum Wage Can Afford It. Here’s Who Can’t
https://dailycaller.com/2021/01/30/corporations-minimum-wage-amazon-mcdonalds-national-federation-independent-business/

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Large corporations have endorsed and lobbied for a $15 federal minimum wage in recent years, but while they can afford such a policy, small businesses would be harmed, studies have shown.

Many corporations, once known for their opposition to raising the federal minimum wage, have reversed course in recent years, raising their own wages to $15 per hour and lobbying the federal government to legislate an increase. While larger corporations have determined they could benefit from such a reversal, studies continue to show a federal minimum wage hike will crush small business.

“The small business economy is very fragile right now,” National Federation of Independent Business (NFIB) Vice President of Federal Government Relations Kevin Kuhlman told the Daily Caller News Foundation. “And anything that hampers that small business recovery should be avoided.”

Large corporations want to increase minimum wage along with the Democrats and leftists. Large corporations and leftists are in cohorts with each other.

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Advocates of a $15 minimum wage law have argued that the current $7.25 per hour minimum wage contributes to increasing income inequality. Businesses can afford to pay their employees higher wages and stand to benefit from a stimulated economy, according to a recent report from the progressive think tanks Economic Policy Institute (EPI) and National Employment Law Project (NELP).

Corporations such as McDonald’s and Amazon, which routinely report billions of dollars in profit, have endorsed this view. In the process, they have joined the ranks of EPI, NELP and labor unions like the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO), which has butted heads with corporations on minimum wage policy.

“We do have a perspective on elements of this discussion,” McDonald’s Vice President of U.S. Government Relations Genna Gent wrote in 2019, The New York Times reported. “We believe increases should be phased in and that all industries should be treated the same way.”

Other large corporations.

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Facebook, Target, Costco, Wells Fargo, Bank of America, JP Morgan and Google have all announced support for a higher minimum wage since 2019, increasing their own wages in the process.

“A number of our members that have substantial retail operations are very concerned about image,” Roger King, senior labor and employment counsel with the HR Policy Association, a trade group of large employers, told CNN in 2019.

“They’re very concerned about marketability of their product, and they don’t want to be a poster child for poor working conditions,” King continued. (RELATED: Here’s How President Biden’s Executive Orders Could Hurt Workers)
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