A gradually phased-in $15 minimum wage would generate billions in new consumer spending that would boost business sales and offset a significant portion of the higher cost for employers.
I supported our family on one income for over four years, and it was a struggle to say the least.
Raising the minimum wage to $15 an hour would give many Vermonters a raise, but it might cost 3,000 jobs over the next decade.
The loss of financial support for child care as incomes rise hits single parents especially hard, legislators were told recently. A single parent with two kids spends twice as much on child care as on food.
The Vermont Interfaith Action coalition of religious congregations hopes its coming statewide convention will renew interest in raising the state’s minimum wage.
For middle-aged and older Vermonters, a higher minimum wage or a family leave program does not have the same benefit as lower taxes and a lower cost of living.
“It’s an indication that a lot of folks are just a couple paychecks away of being at risk of homelessness,” said Erhard Mahnke, of the Vermont Affordable Housing Coalition.
News Release — Sen. Bernie Sanders May 25, 2017 Contact: Sanders Press Office [email protected] WASHINGTON, May 25 – Days after President Donald Trump released a budget that would slash support for working families, Sens. Bernie Sanders (I-Vt.), Patty Murray (D-Wash.) and Chuck Schumer (D-N.Y.), joined by 28 of their colleagues in the Senate, introduced legislation […]
The program, called the Green Mountain Secure Retirement Plan, will be available to small businesses who may otherwise be unable to offer a retirement benefit to workers.
He has 23 co-sponsors this time, compared with five when he offered a similar bill in 2015. The legislation would gradually bump the wage to $15.
The Joint Financial Office, the Legislature’s financial research arm, will release a study next month on the effect of a $15 minimum wage on the state’s economy and what’s known as the “benefits cliff.”
He has asked senators to pencil in time in October. That would be shortly after the federal budget goes into effect, possibly with major cuts in funding for Vermont.
Working people have been under assault by austerity politics across multiple administrations in Montpelier now.
For a better economy, raise the minimum wage and remove disincentives for work.