(Bloomberg) A fresh initiative in the U.S. Senate to put a tax penalty on big companies as a way of forcing higher minimum wages prompted a skeptical reaction among economists including a top adviser to former President Barack Obama.
“This is a really big, complicated, brand new proposal.
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By Kristina Peterson, Richard Rubin and Eric Morath WASHINGTON Senate Democrats began preparing a backup plan Friday for raising the minimum wage at some large companies as part of their coronavirus relief package, after the chamber s parliamentarian ruled out including a broader increase. Backed by Senate Majority Leader Chuck Schumer (D., N.Y.), two committee chairmen are working on a new, more limited proposal that would use the tax system to prod employers to raise wages. The plan would impose tax penalties on large companies that aren t paying the higher wage Democrats seek and create tax incentives for small companies to do so. Democrats hope the chamber s parliamentarian would allow them to include the modified plan in the coronavirus relief package.
WASHINGTON The House passed President Biden’s $1.9 trillion stimulus plan early Saturday in a nearly party-line vote, advancing a sweeping pandemic aid package that would provide billions of dollars for unemployed Americans, struggling families and businesses, schools and the distribution of coronavirus vaccines. The vote was 219 to 212, with Democrats pushing the measure over unanimous Republican opposition. After hours of debate that.
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Evan Armstrong from the Retail Industry Leaders Association (RILA) joins Mike Schmidt to talk about the significant PRO Act that was introduced in Congress and that will dramatically alter labor issues such as the use of mandatory arbitration agreements, the joint employer and independent contractor tests, and the ability to have secondary union boycotts and “quickie elections.”
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Over Half of Companies Lack Clear Picture of Their own Supply Chain, According to New Report from ASCM and the Economist Intelligence Unit
Benchmark assesses supply chain resilience-building capabilities in U.S. Companies in Retail, Pharmaceutical and Consumer Electronics Sectors
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CHICAGO, Feb. 23, 2021 /PRNewswire/ Over half of companies lack end-to-end visibility into their supply chains because they rely on a picture of supply and demand that is based only on internal data from the company itself. This leaves many vulnerable to unexpected risks according to a new Economist Intelligence Unit (EIU) research report commissioned by The Association for Supply Chain Management (ASCM). The report The Resilient Supply Chain Benchmark: Ready for Anything? Turbulence and the Resilience Imperative presents findings on how 308 publicly-listed retail, pharmaceutical and consumer electronics companies have adopted resilience-buildi