By C. Ford Runge Pioneer Press, 07/13/2010
BFMW In the News
By George Pyle, The Buffalo News
McClatchy-Tribune Regional News, Apr. 19, 2010
Can Buffalo afford to pay its workers enough that they can afford to live in Buffalo? Can we make ethanol pay? Is Buffalo a good place to ride out a recession?
By Carmen Blanco
Catholic News Service, Aug 11, 2009
Money Talk with Angela Carter
Live Chat, New Haven Register, 7/29/2009
NHR Multimedia: Good afternoon everyone and thanks for joining us on this Live Chat. Register business and public policy writer Angela Carter will be hosting and she invited a quality cross-section of panelists to join her today.
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Centre Daily Times (PA), July 29, 2009
Workers on the lowest rung of the pay scale got a slight boost last week when the federal minimum wage was raised to $7.25 an hour. The third and final installment in the federal minimum wage is a good effort to put more money into the economy but a long way from giving the lowest-paid workers a living wage.
Corp Magazine, July 28, 2009
Business Buzz - Boston, Mass.
Business Owners Welcome Minimum Wage Increase
Raising minimum wage will help economy, say national business leaders and small business owners from states affected by July 24 increase
July 21, 2009, Boston, MA - Business owners across the nation are welcoming the July 24 increase in the federal minimum wage from $6.55 to $7.25. National business leaders and small business owners in states where workers are getting a raise say the increase will boost consumer buying power and promote economic recovery.
By Angela Carter
New Haven Register, 7/28/09
The minimum wage across the nation went to $7.25 per hour Friday from $6.55 an hour, but the extent to which it boosts the spending power of lower-income earners or siphons off those jobs remains to be seen, experts say.
Connecticut business owners are paying close attention to trends in the federal minimum wage even though they are paying $8 per hour, with an increase to $8.25 in January 2010.
Media Matters, July 27, 2009
SUMMARY: Reporting on the minimum wage increase, NBC's Amy Robach stated, "Some small business owners criticized the timing of the increase, saying it's a burden in a weak economy." But Robach ignored evidence that the increase will stimulate the economy.
Some firms cut staff to cover payroll costs
By Diane Stafford and Tony Pugh
McClatchy Newspapers, July 26, 2009
The federal minimum wage rose from $6.55 to $7.25 an hour on Friday, bringing with it controversy about whether the increase is good or bad for the economy.
The raise, which affects about 4 million workers nationally, is the third and final increase mandated by Congress in 2007.
For a full-time minimum wage earner, the bump up means $28 a week more.
By Leader staff
Shawano Leader (WI), July 24, 2009
The nation’s lowest-paid workers will get a raise today when the federal minimum wage climbs 10.7 percent to $7.25 an hour.
“It’s about time,” said Cliff Thompson of Shawano, who works at a local fast food restaurant. “The previous amount we were getting paid was a joke.”
With the economy mired in recession, the boost couldn’t come at a better time for the workers who will benefit.
KAI RYSSDAL: The federal minimum wage went up today. It was a 70 cent bump to $7.25 an hour. Workers at the bottom end of the pay scale in 31 states will be getting raises. The other 19 states already had minimums higher than the new federal standard. The increase had been in the works for a while. It's the last of a three-step adjustment that was started years ago. It just happens to be coming in the middle of the worst recession in 75 years.
Marketplace's Jeff Tyler reports.
Shreveport Times, July 24, 2009
The federal minimum wage will go to $7.25 an hour today from its current level of $6.55.
Louisiana is one of five states with no minimum wage. Some thoughts from financial analysts and others:
Against the grain
of current economy
The hike in the minimum wage is "going against the grain" of the economy, and the job market might not be able to absorb the mandated increase.
By Michael E. Kanell
Atlanta Journal-Constitution, July 24, 2009
Extra 70 cents will put squeeze on employers at wrong time, some critics say
The much-debated increase in the minimum wage takes effect today, putting a bit more money in the pockets of low-paid workers but adding to employers’ costs at a time when many are struggling.
In the last of three annual boosts mandated by Congress in 2007, the minimum for most workers today rises 70 cents to $7.25 an hour. The increases were the first since 1997.
By Holly Sklar
Distributed by McClatchy Tribune News Service, 7/23/09
Copyright 2009 Holly Sklar
Are you better off than you were 40 years ago? Not if you're a minimum wage worker.
It would take $9.92 today to match the buying power of the minimum wage at its peak in 1968, the year Martin Luther King died fighting for living wages for sanitation workers.
In today's dollars, the 1968 hourly minimum wage adds up to $20,634 a year working full time. The new federal minimum wage of $7.25 comes to just $15,080. That's $ 5,554 in lost wages.
BUSINESS FOR A FAIR MINIMUM WAGE (July 21, 2009, Boston, MA) — Business owners across the nation are welcoming the July 24 increase in the federal minimum wage from $6.55 to $7.25 per hour. National business leaders and small business owners in states where workers are getting a raise say the increase will boost consumer buying power and promote economic recovery.