Press Releases

Business Owners Available to Comment on July 24 Anniversary of Last Federal Minimum Wage Increase and Why a Raise is Good for Business

Contact: Bob Keener, 617-610-6766, bob@businessforafairminimumwage.org

Washington, DC – This Wednesday, July 24, will mark four years without an increase in the federal minimum wage since it was set at $7.25 an hour in 2009. Business for a Fair Minimum Wage supported the last increase in the minimum wage and believes another makes good business sense. The Fair Minimum Wage Act of 2013 would gradually raise the minimum wage from $7.25 to $10.10 over three years and then provide annual adjustments for inflation. If the minimum wage had kept pace with the cost of living since reaching its highest value in 1968, it would be an inflation-adjusted $10.74 today.

Large Majority Of Small Businesses Favor Minimum Wage Increase In New National Poll

Employers Across Political Spectrum Say Raise Would Boost Business and Help Economy

Contact: Bob Keener, 617-610-6766, bobkeener@businessforsharedprosperity.org

April 24, 2013, Washington, DC – In contrast to their conventional portrayal, small business owners overwhelmingly favor increasing the federal minimum wage, currently $7.25 an hour, according to a scientific national poll released today. The minimum wage was last increased in 2009.

New York State Business Leaders Back Minimum Wage Increase

Launch sign-on letter calling for at least $8.75, then indexed to inflation

For Immediate Release: February 7, 2013
Contact: Bob Keener bobkeener@businessforsharedprosperity.org 617-610-6766

NEW YORK— Business leaders across New York Thursday called on lawmakers to raise the minimum wage to at least $8.75 and then adjust it annually for the cost of living. The U.S. Women’s Chamber of Commerce, the Greater New York Chamber of Commerce, ABC Home and Capital District Local First were among the businesses and business organizations that announced their support for the minimum wage hike, contending it will benefit businesses, workers and the state economy.

Small Business Owners Urge Minimum Wage Increase As July 24 Marks Three Years Without Raise

Contact: Bob Keener, bobkeener@businessforsharedprosperity.org, 617-610-6766

With Tuesday, July 24, the anniversary of the last federal minimum wage increase in 2009, small business owners say another raise would be good for business and our economy. At $7.25 an hour, the current minimum wage comes to just $15,080 a year for full-time work. Today’s minimum wage workers have far less buying power than their counterparts did in 1968 when the minimum wage was at its highest value of $10.55 adjusted for inflation. There are proposals in Congress to raise the minimum wage to $9.80 by 2014 in three modest annual steps and then adjust it for the cost of living. Business for a Fair Minimum Wage members supported the last increase in the minimum wage and believe another raise is overdue.

Small Business Owners Available to Comment on the July 24 Anniversary of Last Federal Minimum Wage Increase and Why a Raise is Right for Our Economy

MEDIA ADVISORY
Contact: Bob Keener, bobkeener@businessforsharedprosperity.org, 617-610-6766

This Tuesday, July 24, will mark the third year in a row without an increase in the minimum wage from $7.25. If the minimum wage had kept pace with the cost of living since reaching its highest value in 1968, it would be $10.55 today. There are proposals in Congress (Harkin and Miller) to raise the federal minimum wage from $7.25 to $9.80 in three annual steps and then adjust it for inflation. Business for a Fair Minimum Wage supported the last raise in the minimum wage and believes another increase is overdue.