Home » News
Filter by category:

Labor Secretary Opposes Federal Minimum Wage Increase

 

On May 1, Labor Secretary Alexander Acosta told House Education and Labor Committee Chairman Bobby Scott (D-VA) that a federal minimum wage increase would burden states that haven't increased their minimums above the federally mandated floor of $7.25 an hour. "Three-fifths of the states have passed a minimum wage that exceeds the federal level," Acosta said in testimony to the Committee. "It's our view that a federal minimum wage would be those three-fifths of the states imposing a cost structure on the remaining two-fifths of states that have chosen not to increase the minimum wage above the federal level." Asked whether he opposes the concept federal minimum wage altogether, Acosta said, "We do not support a change to the federal minimum wage at this time."

Acosta’s comments follow the Congressional Budget Office (CBO) analysis regarding Rep. Bobby Scott’s $15 minimum wage “Raise the Wage Act,” which shows the Act would cost private businesses $48 billion a year and that state and local governments would have to pay an additional $3 billion to workers each year.

Twenty-nine states and Washington, D.C. have minimum wages higher than the federal $7.25.

Retail Federal







RINAlliance Unified Contracting Services HEALTHAlliance AssuredPartners Renewable Energy Group EMC Insurance Seneca Companies PMMIC Insurance Cylinder Express Altria Flint Hills Sinclair GROWMARK Energy Rainbo Oil Company Seneca Tank Westmor Industries Molo Petroleum MAST ATM Otter Creek Country Stores, Inc Jet Gas Midwest Petroleum Equipment HTP Energy Philip Morris International Cenex McGowen, Hurst, Clark & Smith PC McDermott Oil Co Reif Oil Federated Insurance Elliott Oil Company Atlas Valero Community Oil Company Mulgrew Oil Phillips 66 Olsen Fuel Supply WorldPay Wellmark Foster Group Central Bank Delta Dental BP Core-Mark
PMCI Facebook PMCI Twitter PMCI LinkedIn
Home   |    About FUELIowa   |    Site Map   |    Privacy   |    Contact Us   |    ©2019 FUELIowa, All Rights Reserved
10430 New York Ave., Suite F, Urbandale, IA 50322-3773   |    P. 515.224.7545   |    F. 515.224.0502
Home
About FUELIowa
Site Map
Privacy
Contact Us
10430 New York Ave., Suite F, Urbandale, IA 50322-3773
P. 515.224.7545
F. 515.224.0502
©2019 FUELIowa, All Rights Reserved