For Immediate Release: February 19, 2015
Contact: Bob Keener, email@example.com, 617-610-6766
Press statement from Holly Sklar, CEO of Business for a Fair Minimum Wage, about Walmart's announced wage increases:
"It’s important that our nation’s largest private employer is finally beginning to follow many other companies in raising starting pay. But given that the buying power of the 1968 federal minimum wage is nearly $11 adjusted for inflation, Walmart should be setting higher targets than $9 in April 2015 and $10 in 2016.
"Walmart’s low wages have been a drag on the U.S. economy, with many of its employees relying on public assistance just to get by. We need to restore the eroded purchasing power of the federal minimum wage so that paying wages that workers can live on is not optional. That will boost business and strengthen our economy."
Business for a Fair Minimum Wage is a national network of business organizations, business owners and executives who believe a fair minimum wage makes good business sense, including Costco, Dansko footwear, Stonyfield, Eileen Fisher, Ben & Jerry's, New Belgium Brewing, American Income Life, South Carolina Small Business Chamber of Commerce, Greater New York Chamber of Commerce, American Sustainable Business Council, and many others.