Walmart made headlines last week when it announced plans to increase the base pay at their stores to $9 an hour ($1.75 above the current federal minimum wage) in April and to $10 by February 2016. While $10 an hour is still not enough for a full-time worker to keep a family of four out of poverty, it will boost paychecks for close to 500,000 full-time and part-time hourly workers at Walmart and Sam’s Club U.S. stores—about 40% of their current workers—and represents an important victory for the employee activists of OUR Walmart, who have vowed to continue to fight for a $15 base wage and fairer workplace policies. The move also adds a huge corporation to the list of companies recognizing that better wages can mean better business, and more will likely follow suit; just today, T.J. Maxx announced that it will also raise the minimum pay in its line of stores to $10 an hour by 2016, describing the change as “an important part of our strategies to continue attracting and retaining the best talent in order to deliver a great shopping experience for our customers, remain competitive on wages in our U.S. markets and stay focused on our value mission.” Read more »
The minimum wage went up in 20 states on January 1st. South Dakota had the largest boost of $1.25 per hour thanks to South Dakota voters, who overwhelmingly approved the wage increase on the state’s ballot in November. Arkansas and Nebraska also saw their minimum wages increase on the 1st as a result of successful ballot initiatives, while workers in Connecticut, Hawaii, Maryland, Massachusetts, New York, Rhode Island, Vermont and West Virginia got raises due to legislative action. Minimum wages in the other nine states—Arizona, Colorado, Florida, Missouri, Montana, New Jersey, Ohio, Oregon, and Washington—increased automatically because they are indexed to inflation, a policy that ensures the minimum wage keeps pace with the rising cost of living. Workers in Alaska, D.C., Delaware and Minnesota are set to get raises later in 2015. Read more »
This month’s BLS data release shows continued strong job growth, with the economy adding 214,000 jobs. Women’s jobs made up 59 percent of these gains (127,000 jobs), but our analysis shows that 49 percent of new jobs overall were added in the low-wage sectors of retail, leisure & hospitality, temporary help services, home health care services, and nursing & residential care facilities. One-third of women’s total net jobs were added in the retail and leisure & hospitality sectors alone. Read more »
Election Day post-mortems generally involve a lot of speculation – pundits will spend days arguing over which issues persuaded voters to choose one candidate over another. But voters issued at least one clear mandate: they overwhelmingly support raising the minimum wage.
An article in Forbes yesterday pointed out that employers paying their employees the minimum wage are sending them a loud statement that “It’s not legally possible for me to value your work any less than I already do.” The article argues that’s a poor business practice, ensuring low morale and high turn-over. But it also raises a broader issue: what kind of message is Congress sending those employees?
A woman working full time, year round at the federal minimum wage of $7.25 per hour earns just $14,500—more than $4,000 below the poverty line for a family of three. Congress has allowed these employees’ wages to decrease every year since the current level went into effect in 2009 by neglecting to tie the minimum wage to inflation, and it has yet to heed the President’s call to raise the federal minimum wage to $10.10 per hour. Fortunately, states and cities across the country aren’t waiting for Congress to act. Read more »
For millions of workers, raising the federal minimum wage from $7.25 to $10.10 per hour could boost annual full-time earnings by $5,700. That’s enough to pull a family of three out of poverty—but for additional help visualizing what $5,700 looks like, here are 8 things you could splurge on with an extra $5,700 a year. Read more »