Senate Majority Leader Chuck Schumer on Feb. 23 called for unity within the Democratic Party amid clashes over whether an hourly minimum wage hike should be included as part of a COVID-19 relief bill. He emphasized in a conference call with Senate Democrats the importance of Democrats sticking together on President Joe Biden’s $1.9 trillion…
Amazon Minimum Wage Push Aimed at Crushing Competition, Expert Says
Amazon’s campaign to have Congress institute a national minimum wage of $15 an hour isn’t as much altruistic as it is anti-competitive, according to labor policy researcher Rachel Greszler. Amazon portrayed its efforts as humanitarian toward “workers in need of a raise” as well as “small businesses that will benefit from increased spending.” But the…
NTD Business Full Broadcast (Feb. 23)
The Federal Reserve will preserve the easy money environment till further notice. What does that mean for your savings? The Fed says don’t worry about inflation and the Biden administration says “10-4”. But some say the massive new spending bill is full of political waste. An update on why a Boeing 777 engine failed soon…
Mitt Romney and Tom Cotton Propose $10 Minimum Wage In Counter to Democrat Push for $15 an Hour
In a counterpoint to the Democrat push for an hourly minimum wage hike to $15, Sens. Mitt Romney (R-Utah) and Tom Cotton (R-Ark.) on Tuesday announced their own bill that would raise the minimum wage to $10 an hour by 2025. Called the Higher Wages for American Workers Act (pdf), Cotton and Romney’s bill would…
Romney, Cotton Propose $10 Minimum Wage in Counter to Democrat Push for $15 an Hour
In a counterpoint to the Democrat push for an hourly minimum wage hike to $15, Sens. Mitt Romney (R-Utah) and Tom Cotton (R-Ark.) on Tuesday announced their own bill that would raise the minimum wage to $10 an hour by 2025. Called the Higher Wages for American Workers Act (pdf), Cotton and Romney’s bill would…
Manchin Backing $11 Federal Minimum Wage to Break Impasse Over Biden’s $15 Proposal
Sen. Joe Manchin (D-Va.) is pushing to amend the CCP virus stimulus package to mandate an $11 federal minimum wage, down from the $15 per hour minimum proposed by President Joe Biden. Biden’s package needs Manchin’s vote to pass via budget reconciliation without Republican support. But the Democrat has indicated he would not approve a…
NTD Business Full Broadcast (Feb. 22)
Investing legend Michael Burry says we might see hyperinflation. What will that mean for your pocket? President Biden revises the CCP virus aid program for small businesses. But some are asking why half of his relief package is going to non-pandemic related issues. New York City decides to keep both Trump ice rinks open after…
Lawmaker Says ‘We Don’t Want’ Small Businesses That Can’t Pay $15 Minimum Wage
Rep. Ro Khanna (D-Calif.) said Sunday that, while he’s “all for” small businesses, those that can’t afford to pay their employees $15 an hour are essentially undesirable. Khanna made the remarks in an interview on CNN’s “Inside Politics,” in response to a question about how hard it might be for many small businesses to afford…
Democrats Reveal $1.9 Trillion COVID-19 Relief Bill Containing $15 Minimum Wage
House Democrats released their $1.9 trillion COVID-19 relief proposal which contains a controversial federally-imposed $15 per hour minimum wage. In an attempt to bypass the necessity for Republican votes, Democrats are trying to push the bill through the budget reconciliation process. All Democrat senators would have to vote in favor of the bill, however, Sens….
Uber Drivers Are Workers, UK Top Court Rules
Britain’s Supreme Court on Friday unanimously ruled that Uber drivers are workers rather than self-employed, in a landmark ruling that may have implications for the rest of the gig economy. Uber drivers are currently treated as self-employed, meaning that by law they are only afforded minimal protections, a status the Silicon Valley-based company sought to…
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