Wages are not just line items on a budget -- they are the basis of people's livelihoods. It's time to face reality. Raising bank employees' wages will be good for them, New York state, New York City, our economy and our industry.
Low-wage workers around the country have sparked a movement for large minimum wage increases for a reason. And their proposed increases are phased in gradually over several years. It might behoove some of those commenting from the sidelines to stop calling them crazy.
For those trying to save on a low income, the savings tips they can actually apply are few and far between. It can be difficult to find examples of low-income saving success and get ideas on how to start saving in a meaningful way when your paychecks are puny to begin with.
"Raising the minimum wage is one simple and long-overdue step toward rebalancing the social contract so that the private and public sectors are more equal participants in improving living standards for American workers."
On a cold November morning in 2012, some 200 fast food workers at places like McDonald's and Burger King started an improbable journey with a one-day strike at a handful of restaurants to demand a minimum wage of $15 an hour.