$15 minimum wage: Here s what hourly workers and small business owners think of it msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Here’s what hourly workers and small business owners think of a $15 minimum wage
President Joe Biden, along with other Democrats, have voiced support for an increase in the federal minimum wage from $7.25 to $15 an hour.
But recent attempts including a Senate vote on Friday to include a minimum wage hike in the President’s Covid relief package have all failed.
Still, progressive lawmakers and activists are dedicated to the pay increase, which they say would provide millions of workers with a living wage.
“If anybody thinks that we’re giving up on this issue, they are sorely mistaken,” Vermont Sen. Bernie Sanders said Friday. “If we have to vote on it time and time again, we will and we’re going to succeed. The American people understand that we cannot continue to have millions of people working for starvation wages.”
You either panicked or you pivoted, said Stibel, founder and CEO of New England Consulting Group.
And going into 2021, those two paths still apply as thousands of restaurants hang by a thread with COVID-19 cases escalating across the US.
The end-of-year winter surge is prompting tighter restrictions for restaurants who are forced to, once again, rely heavily on delivery, carryout, and drive-thru orders to survive. And an estimated 110,000 restaurants have not survived, according to the National Restaurant Association.
Insider interviewed several industry experts to get their take on what lies ahead for 2021. Most said next year s playbook looks like an accelerated version of 2020. Operators will leverage technology to meet the needs of convenience-hungry consumers. Temporary menu slashes will become permanent. More consolidation is expected as private equity firms and multi-unit operators look to scale operations and grab market share.