American Made: The Ups and Downs of a Minimum Wage Hike

 

The House of Representatives recently passed a bill to raise the minimum wage to $15 an hour by 2025, phase out low wages for tipped workers, and make further minimum wage hikes indexed to median wage growth. Though the general public has a plurality (in some polls an overwhelming majority) opinion in favor of a raise to $15, economists are split on the issue. Some see it as an opportunity to boost worker productivity, others believe it’d only increase poverty.

What about businesses, though? What do they think of the potential raise, and how might it affect their bottom line? On this segment of American Made, a conversational corner on American policy affecting American business, we break down the differing perspectives and try to draw some conclusions on how the current fair wage movement will change the world of business.

American Made is a segment on Business Casual with Daniel Litwin & Tyler Kern, MarketScale’s B2B live radio show. Business Casual airs every Friday at 8 AM CST on the Simple Radio app and on our website. You can also find episodes after the fact on Apple Podcasts & Spotify.

For the latest news, videos, and podcasts in the AEC Industry, be sure to subscribe to our industry publication.

Follow us on social media for the latest updates in B2B!

Twitter – @AECMKSL
Facebook – facebook.com/marketscale
LinkedIn – linkedin.com/company/marketscale

Follow us on social media for the latest updates in B2B!

Image

Latest

RED
The Framework Series Advantage: The RED Marketing Edge Every Brand Needs
February 4, 2025

Marketing is evolving fast, and brands must adapt or risk being left behind. RED Marketing highlights the critical need for messaging that is relevant, easy to engage with, and distinct. These three factors set successful brands apart. A 2023 McKinsey study found that companies leading in customer experience achieved more than double the revenue growth…

Read More
conversational capacity
The Framework Series Advantage: Strengthening Teams with Conversational Capacity
February 4, 2025

Effective team communication is important in today’s fast-paced business environment. In his book Conversational Capacity: The Secret to Building Successful Teams That Perform When the Pressure Is On, Craig Weber highlights the importance of balancing candor and curiosity in discussions. This approach helps teams navigate complex challenges, leading to stronger decision-making and improved organizational…

Read More
Marketing
A DisruptED Series of Conversations with Marketing Thought Leader Ivonne Kinser, Author of THINK (Ep. 3)
February 4, 2025

In an era where marketing is constantly reinventing itself, staying ahead of the curve requires more than just keeping up with the latest technology—it demands a new way of thinking. With over 14,000 marketing tools available today, the landscape is more complex than ever. As AI accelerates change and traditional tactics lose their impact,…

Read More
DisruptED in the D with Chris Dargin Part 2
February 4, 2025

As the tech industry continues to reshape the globe and offer up unprecedented opportunities for innovation, entrepreneurship, and workforce disruption, it has also allowed some big towns the ability to see benefits. With Detroit rebuilding itself from economic downturns and industrial decline, the city is seeing a rise in tech-driven initiatives aimed at fostering…

Read More