More Perfect Union, Video, Jan 3, 2023
Featuring Senator Jessica Ramos, Amalgamated Bank Vice President Maura Keaney and workers. Excerpt:
Maura Keaney: I hope that business will speak out, as Amalgamated bank is, in support of the minimum wage increase. In 2019, Amalgamated Bank increased its minimum wage to 20/hr. That was after an increase to 15/hr during the fight for 15 campaign.
We think it’s the right thing to do. We also think that it’s good business. Recruiting, retaining talent means being a good employer, and part of being a good employer is making sure our employees are making wages that they can sustain their families on.
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Maura Keaney: Higher minimum wages are good for the economy. Workers who are making higher minimum wages are also consumers. Those workers are not gonna put that money away in an offshore savings account in switzerland. They’re gonna use it to buy their kid a new backpack. When people are doing well, businesses do well.