$7.25/Hour No Longer Enough: Survey Shows What Americans Want As Minimum Wage Amid Tough Times
Portfolio Pulse from Ramakrishnan M
A Data for Progress survey shows that the majority of American voters believe the minimum wage should be increased, with an average of $26 per hour suggested for a comfortable living. Major corporations like Costco (NASDAQ:COST) and Amazon (NASDAQ:AMZN) have supported raising the minimum wage.
May 26, 2023 | 8:41 am
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Amazon has already increased its company-wide minimum wage to $15 per hour, aligning with the growing consensus among Americans for higher minimum wages.
Amazon has already taken action to increase its minimum wage, which is in line with the growing consensus among Americans. While this move may have a positive impact on employee satisfaction and retention, the direct impact on Amazon's stock price is uncertain.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Costco supports raising the minimum wage, which could improve employee retention and boost productivity.
Costco has already expressed support for raising the minimum wage, and the survey results show that the majority of Americans agree. This could lead to improved employee retention and productivity, but the direct impact on Costco's stock price is uncertain.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50