Business Owners Advocate for an Increase of Minimum Wage

07/25/13 Robert Lorei
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Today on Radioactivity, Robert Lorei speaks with Holly Sklar, the director of Business for a Fair Minimum Wage. She is coauthor of "Raise The Floor: Wages and Policies That Work For All Of Us."

Yesterday marked four years without an increase in the federal minimum wage since it was set at $7.25 an hour in 2009. Florida's minimum wage is slightly higher at 7.79 an hour. The group called Business for a Fair Minimum Wage supported the last increase in the minimum wage and believes another makes good business sense. There is a proposal in congress called the Fair Minimum Wage Act that would gradually raise the minimum wage from $7.25 to $10.10 over three years and then provide for annual adjustments for inflation. If the minimum wage had kept pace with the cost of living since reaching its highest value in 1968, it would be an inflation-adjusted $10.74 today.

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