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CBO report: Minimum wage hikes would kill 500,000 jobs but lift 900,000 out of poverty

By Richard Cowan WASHINGTON (Reuters) – Raising the U.S. minimum wage would lead to the loss of about half a million jobs by late 2016 while lifting almost a million Americans out of poverty, the Congressional Budget Office forecast in a report on Tuesday that reignited debate over one of…

CEO tells Daily Show ‘mentally retarded’ could work for $2: ‘You’re worth what you’re worth’

Would increasing the minimum wage leave the most vulnerable workers with fewer jobs? Financial commentator Peter Schiff thinks so. The investment broker and talk radio host told Daily Show correspondent Samantha Bee that lifting the minimum wage to $10.10 per hour, as President Barack Obama announced he would do by…

Will California’s $10-per-hour minimum wage push other states to act?

Will California’s $10-per-hour minimum wage push other states to act? (via The Christian Science Monitor) California Gov. Jerry Brown signs a bill to raise California’s minimum wage. The new law raises the state’s minimum wage to $10 an hour within three years, from the current minimum of $8 an hour.(Nick…

California raises minimum wage to $10 an hour

Millions of California workers can expect a little extra in their paychecks next year, after the state legislature raised the minimum wage Friday to $10 an hour, an increase to be phased in over three years. The minimum wage will increase in two separate increments of $1, first in July…

CA Gov. Jerry Brown to support minimum wage hike to $10 an hour

California Gov. Jerry Brown says he will he’ll back legislation to increase the state’s minimum wage to $10 an hour, Sarah Hashim-Waris reports.  …

U.S. fast-food worker protests growing over ‘starvation’ wages

by Edward Helmore, The Observer McDonald’s in New York’s Times Square, in midsummer. The fast food store heaves with native New Yorkers and tourists, including a table of Filipino nuns and a troupe of burlesque actors. The staff, remarkably unstressed, offer only accommodating smiles. But behind the scenes the atmosphere…

Rep. Keith Ellison: Taxpayers ‘are subsidizing’ fast food corporations’ minimum wage business model

“We Can’t Survive on $7.25″ (via Moyers & Company) Fast food workers in seven U.S. cities are walking off the job this week in what organizers say is the largest strike in the industry’s history. The wave of protests began Monday in New York City, where workers earning as little…

Fox News’ Neil Cavuto: Workers should be grateful for whatever jobs they can find

On Wednesday afternoon’s edition of “Your World with Neil Cavuto,” host Neil Cavuto said that U.S. workers are spoiled and greedy because they want a higher minimum wage. He pointed to his own first job making two dollars an hour as an example of a job that Americans should be…

More than 1.5 million workers living in U.S. make less than minimum wage

The Minimum Wage Doesn’t Apply to Everyone (via Moyers & Company) This week marked the four-year anniversary of the last time Congress increased the minimum wage — from $5.15 in 2007 to $7.25 in 2009. Groups demonstrated across the country, demanding increases at both the state and federal level. President…

Equal pay: Raising minimum wage will help women – and the economy

Copyright ImageClick to View Jennifer Diagostino, executive director of the Coalition for Economic Justice, CWA Local 1122 vice president, John Mudie, center, and president, Jim Wagner, right, participate in a rally in Buffalo, N.Y., Feb. 25, to call for a raise in the state’s minimum wage. Op-ed contributors…  …

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