Jumoke Lambo is a partner at Udo Udoma & Belo-Osagie. She heads the Telecommunications, Media and Technology and Data Protection (TMT) team. She also co-heads the firm’s Aviation, Labour and Employment and Corporate Advisory teams. She oversees Alsec Nominees Limited, the firm’s company secretarial practice. Her other specialisations include foreign investment, regulatory compliance, corporate immigration, business establishment and M&A transactions.
The federal minimum wage has stood at $7.25 per hour since 2009.
âItâs outdated,â said economist Tatiana Bailey, director of the UCCS Economic Forum in the College of Business. âWho lives on that?â
Although Bailey thinks an increase in the minimum wage is overdue, she and many business owners think the costs and consequences of a raise would be too great to enact it right now.
A minimum wage proposal is part of the federal stimulus package being considered in the U.S. Congress. While the proposal is shining a spotlight on Americaâs low-wage workers and the businesses that employ them, most observers think itâs unlikely to pass.