Here's why big business is giving up its fight against a higher minimum wage
Last month, McDonalds — the most recognizable name in America's lowest-paying industry — announced it would no longer lobby against minimum wage hikes. A few months before that, Amazon proclaimed that it would fully meet activists' demands for a $15-per-hour baseline and that it would throw its considerable lobbying weight behind an increase in the federal floor. Then, just last week, Bank of America outdid them both, setting its own minimum at $20.
For large companies, opposing a hike comes along with bad publicity, which lately just doesn't seem to be worth it for corporate America — especially for those with a consumer-facing brand reputation to maintain. "A number of our members that have substantial retail operations are very concerned about image," said Roger King, senior labor and employment counsel with the HR Policy Association, a trade group of large employers.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Opinion | Why Sanders’ Fox News town hall should worry 2020 DemocratsOpinion | Steve Krakauer: Sen. Sanders' Fox News town hall was a win-win for Sanders and for the cable news network — both from an intellectual and a strategic perspective. - NBCNewsTHINK
Weiterlesen »
How an IPO works2019 could be the year of the IPO, with tech unicorns like Lyft and Pinterest filing to go public in quick succession. Here's what you need to know about a company going public. investinyou (In partnership with acorns.)
Weiterlesen »
Elizabeth Warren unveils a new plan to tax big corporationsDemocratic presidential candidate Elizabeth Warren is proposing a new tax on big corporations
Weiterlesen »
Amazon reportedly employs thousands of people to listen to your Alexa conversationsCNN News, delivered. Select from our newsletters below and enter your email to subscribe.
Weiterlesen »
Tesla and GM electric car sales could get a big boost if this bill passesCNN News, delivered. Select from our newsletters below and enter your email to subscribe.
Weiterlesen »
Sudan's President Bashir forced out in military coupSudan’s defense minister confirms the military has taken control of the country after removing President Omar al-Bashir from power. 'Everything about what he has been able to wreak on the Sudanese people has changed in the last few hours,' reports NimaCNN
Weiterlesen »
Twitter's CEO Jack Dorsey is into intermittent fasting. What is it?CNN News, delivered. Select from our newsletters below and enter your email to subscribe.
Weiterlesen »
Bills that would ban abortions as early as 6 weeks await governors' signatures in Georgia and OhioCNN News, delivered. Select from our newsletters below and enter your email to subscribe.
Weiterlesen »
Michael Avenatti facing 36 counts after grand jury indictmentA federal grand jury in Los Angeles has indicted attorney Michael Avenatti on 36 counts, the US attorney's office for the Central District of California says
Weiterlesen »
Oscar winner Geoffrey Rush wins #MeToo defamation caseOscar-winning actor Geoffrey Rush has won more than $600,000 and could receive millions more, after successfully arguing that an Australian tabloid newspaper defamed him with a MeToo story
Weiterlesen »