Tracking the Pros and Cons of Increasing the Minimum Wage
From coast to coast and at every level of government and enterprise, in the midst of a slow-growth economy, pressures understandably are rising for higher minimum wages in the hopes they would boost household finances and, ultimately, consumer spending. But will they?
President Obama, as well as other federal and state politicians, are advocating for the federal government to boost its long-standing $7.25 an hour minimum to $10 an hour or more.
A survey by an activist group supporting that effort, “Business for a Fair Minimum Wage,” reports reports that “small business owners with employees are strongly in favor of raising the federal minimum wage to $10.10 and adjusting it to keep up with the cost of living in future years.”
Massachusetts was one of the first states to make a move, increasing its minimum wage to $11 an hour, and is currently the state with the highest minimum wage. Seattle will outdo that when it steps up to a $15-an-hour minimum over the next few years.
News media are providing a positive spin by making shining examples of companies that pay high wages to their workers, ranging from Costco to small restaurant chains such as Boloco and Shake Shack. At the same time, progressives continue to vilify major employers, including McDonald’s and Walmart whose business models of providing inexpensive goods to the American masses are dependent on keeping wages low.
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1:00 - 5:00 pm
We are in a period of rapid change. Customer needs, technologies, competitors and internal capabilities require companies to review and update their strategies for the new realities. In this workshop, strategy experts Steve Rutan and Denise Harrison will show you a systematic approach to strategic planning to help you refine or redefine your business strategy and approach including:
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
