Debating the minimum wage

INC. THIS MORNING Debating the minimum wage Good morning, The global pandemic and subsequent recession have brought many companies to the brink. At the same time, the fortunes of the 1 percent continue to rise, widening the racial and gender wealth gaps. Depending on which side of the issue you're on, it's either the most crucial or the most fraught moment ever to address a long-simmering debate: What's a livable wage? And how responsible are employers for paying one? The current federal minimum wage of $7.25 per hour hasn't budged since 2009--the longest the U.S. has delayed an increase since the inception of the minimum wage in 1938. And while a hotly contested $15 national wage did not wind up in the latest stimulus package, the issue isn't going away; President Biden will likely pursue it later in his term. So Inc. asked some of the smartest leaders, founders, and labor experts we know to weigh in on the pros and cons. Read our story to learn what they have to say about pushing the federal minimum wage up to $15 per hour--including a few responses you might not expect. JOIN US: As founder and CEO of Compass, the largest independent real estate brokerage in the country, and an Inc. 500 alum, Robert Reffkin knows how to turn an idea into a multibillion-dollar business. In his new book, No One Succeeds Alone: Learn Everything You Can From Everyone You Can , he acknowledges that his success was neither achieved overnight nor created alone. Join Inc. for what promises to be an inspiring conversation as Reffkin shares pivotal moments in his personal and professional journey. From harnessing the power of relationships to finding gratitude in your failures, Reffkin will offer advice on how to overcome adversity, lead with authenticity, and be your best self. Wednesday, May 26, 2021, 3:00 pm Eastern Time Reserve your free spot. HERE'S WHAT ELSE I'M READING TODAY: This Minneapolis entrepreneur has a $50 million plan for the future of Black-owned business. --Inc. After George Floyd’s death, corporate America pledged to fight racial injustices and inequities. Here’s what has actually happened since then. --Inc. Electric vehicle startups raised tons of cash. Now, they’re hitting speed bumps. --The Verge The pandemic hit the world of clothing rental hard. Now, companies like Rent the Runway say the market is booming like never before. --The New York Times Establishing and maintaining trust in your relationships takes an ongoing effort. Here are three ways to be more trustworthy with your peers. --Inc. ONE MORE THING: Apple’s new privacy ad is absurd. That’s why it’s so brilliant. --Inc. --Cameron Albert-Deitch Reporter, Inc. How are we doing? Send me ideas and feedback at calbertdeitch@inc.com, and sign up for daily text messages from me. Join the visionaries who choose Inc. as their trusted source for the most accurate reporting on business. Join Inc. Unlimited today. Click here to forward to a friend. This email was sent by: Mansueto Ventures 7 World Trade Center, 29th Floor New York, NY, 10007, Unsubscribe • Update Profile • View in Browser • Privacy Policy