Home / Knowledge / News / Apparel/Garments / NRF opposes federal minimum wage hike
NRF opposes federal minimum wage hike
02
Apr '14
The National Retail Federation called Senate legislation aimed at increasing the federal minimum wage by 40 percent an anti-job tax that would lead to higher labor costs for employers and fewer opportunities for young and entry-level workers. NRF will include votes on the minimum wage as “Key Retail Votes” in its annual voting scorecard used to measure legislative support for the retail industry’s public policy priorities.
 
“Raising the standard of living for low-skill, low-wage workers is a valid goal,” NRF Senior Vice President for Government Relations David French said in a letter to the entire Senate. “But there is clear evidence that mandated wage hikes undermine the job prospects for less skilled and part-time workers.”
 
NRF believes that this is the “least opportune moment” to mandate a federal wage increase on employers with small and large businesses alike already confronting the myriad workforce challenges associated with the implementation of the Affordable Care Act. 
 
Instead of focusing on “sound-bite politics,” NRF urged Congress to focus on advancing long-term economic policies that would provide employers with the certainty they need to make strategic investment decisions and improve hiring opportunities for all workers.
 
“Policymakers have other tools, such as increasing the earned income tax credit, fixing the tax code, education improvements, immigration reform, transportation funding, and strong trade alliances that will aid in achieving that goal without creating more unemployment,” French wrote. “Finding more opportunities for those trying to start out is a better economic approach than restricting the amount of jobs for those seeking employment.”
 
NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs – 42 million working Americans. 
 
Contributing $2.5 trillion to annual GDP, retail is a daily barometer for the nation’s economy. NRF’s This is Retail campaign highlights the industry’s opportunities for life-long careers, how retailers strengthen communities, and the critical role that retail plays in driving innovation. 
 

National Retail Federation


Must ReadView All

Courtesy: VF Corporation

Apparel/Garments | On 5th May 2016

VF Corp’s Q1 2016 revenue up 2% to $2.8 billion

VF Corporation reported a rise of 2 per cent in its total revenue to...

Textiles | On 5th May 2016

Brazilian cotton prices rise nearly 10% in April

Firm demand, decrease in supply from important cotton growing...

Apparel/Garments | On 5th May 2016

Kishore Biyani named Future Retail’s vice-chairman

Future Retail has appointed its Independent Director VK Chopra as...

Interviews View All

Sivakumar Narayanan
Uster Technologies Ltd.

How do customers react normally in cases of contaminated cotton yarn in...

Rajiv Sirohi
Shara

What kind of fabric is in demand in export markets of home textiles? What...

Magdalena Kondej
Euromonitor International

Which are the most emerging markets and the most saturated markets in the...

Avi Bash

Avi Bash is an Independent Nonwovens Sales & Marketing Consultant with...

Mr Martin Kleinebrecht
Johns Manville

Martin Kleinebrecht (40) is the Marketing Leader of Nonwovens Europe at...

Rory Holmes
INDA - The Association of the Nonwoven Fabrics Industry

Rory Holmes is President of INDA, the Association of the Nonwoven Fabrics...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2016

F2F Magazine

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


feedback
We would love to hear from you about your experience using the new interface. A quick review of yours would help us give you a better experience.
Advanced Search