Dried fruit prices continue to shrivel in many markets and consumer confidence remains at near-record lows, which is making a strong case for raising the federal minimum wage in September.
The federal minimum wage increased to $7.25 in April, which was a 10 percent hike over the inflation-adjusted minimum우리카지노 of $5.15 in March and a 25 percent increase since April 2009. The price of fresh fruit and vegetables continued to rise, up 12 percent in April to reach their highest level since July 2007.
U.S. fruit and vegetables retailers reported strong sales in April, with a rise of 15.5 percent in the second quarter. Retail sales of oranges and red bananas surged to $8.55 per pound, up 7.4 percent in April and 23.6 percent since April 2009.
A growing chorus of Americans is pushing for raising the minimum wage, a stance supported by many economist더킹카지노s. Some advocates say employers should be allowed to retrain employees to find cheaper labor, while others say that a wage increase shouldn’t be tied to an increase in the federal minimum wage.
The Congressional Budget Office estimated the minimum wage in October would cost the federal government $90 billion over 10 years whi바카라le hurting businesses, businesses and individuals. However, many economists say it is not needed for many factors.
A study by the Washington Center for Equitable Growth found that the most harmful impact is a reduction in federal support for food stamps, food banks and other food programs that would leave a $12 billion difference for states each year.
But the Center said that’s not enough for policymakers to decide whether minimum wage hikes should be tied to an increase in the minimum wage because a single job increases productivity without costing any jobs.
“Raising the federal minimum wage would boost productivity across the economy and benefit all Americans,” said the group’s director Peter Cappelli in a statement. “But only by giving our country the tools it needs to compete for and grow our economy, should Congress be concerned about the impact on jobs, wages and economic growth.”