Raising the minimum wage during the coronavirus pandemic is smart policy, according to the Economic Policy Institute.
Corporate America is getting slammed by the coronavirus recession. More than 45 million people were cut from their employers’ payrolls over the past three months. Business groups have turned their focus to planned minimum wage increases, pressuring city and state officials to postpone them.
California’s Chamber of Commerce has asked Governor Gavin Newsom to roll back the planned $1 minimum wage hike planned to take effect in January 2021. The current minimum wage is $12 per hour for businesses with fewer than 26 employees, and $13 for those with more.
Barring an intervention by officials, the minimum wage in several states is set to increase by $1 or less on July 1 – including Illinois, which will raise its minimum wage from $9.25 to $10, Nevada from $8.25 to $9, and Oregon from