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(Also brought to you by unions)
Follow the line: Does raising the minimum wage hurt the economy?
You know all that “sky is falling” rhetoric about what would happen if the US increased the minimum wage? Well, let’s see how that stands up. Read the full transcript below.
In August, New York-based Amalgamated Bank announced it would immediately raise its minimum pay to at least $15 an hour.
At the time, the bank noted that it was the first to make such an announcement. But it’s also committed to making sure more follow its lead.
On Tuesday, fast food workers will stage the biggest strike to ever hit the industry, with walkouts happening in a record 270 cities across the country. They’ll be demanding to be paid at least $15 an hour and be given the right to form a union — and rallies later in the day will include home care workers, child care providers, auto parts workers, farmworkers, and other low-paid employees who are trying to get the same things. In Milwaukee, protesters will end with a demonstration in front of the Republican debate venue.
It will be the first strike ever for Carlton Alexander, a Taco Bell employee in Tampa, Florida. “Tuesday will be my first big action,” he said. But he had heard about the Fight for 15 movement even before he got his job, after workers staged the first one-day strike in New York City in 2012.
Americans keep working harder and producing more economic growth. But they’re not getting rewarded with any extra pay for it, according to a new report from the Economic Policy Institute (EPI).

On Tuesday morning, the Department of Labor released its proposed changes to the rules regarding who is eligible for overtime pay to expand the coverage to more workers.
On Thursday, Walmart announced that it would raise all employees’ base wages to at least $10 an hour by next year as well as increasing pay at other levels.
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