By Ginger Christ
HR Dive, July 22, 2025. Also Yahoo Finance, CFO Dive.
July 24 marks 16 years since the federal minimum wage last was increased, according to the U.S. Department of Labor. ...
Some businesses, too, support raising the minimum wage. Business for a Fair Minimum Wage, a network of business owners, executives and business organizations, said a higher minimum wage would lead to increased consumer spending, lower turnover and improved productivity.
“Business owners in states still at the $7.25 minimum wage say it is depressing consumer spending and bad for business and the economy,” the group said in a recent news release. “Raising the federal minimum wage is the only way to ensure that workers across the country earn decent wages wherever they live and whoever they work for.” ...