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.