From the story: Sens. Bernie Sanders (I-Vermont) and Ron Wyden (D-Oregon) were in the midst of drafting a plan to levy a 5% tax on the payrolls of large corporations that don’t compensate workers below an unspecified wage. It would be paired with tax credits to incentivize small businesses to raise their employees’ wages (Business Insider).
From the Wall Street Journal: A federal wage mandate makes little sense in a country as large and economically diverse as the United States. Hawaii’s overall prices run 119% of the national level, compared with 84% in Mississippi, per 2019 data from the Bureau of Economic Analysis. They’re 135% of the national level in the San Francisco region, against very inexpensive rural areas in low-cost states (WSJ).
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