Trump has refused to call Biden as is customary for an outgoing president. He plans to skip Biden s inauguration and leave the White House that morning.
Minimum Wage Mandate in Biden’s Pandemic Relief Plan Estimated to Wipe Out 1.3 Million Jobs
President-elect Joe Biden’s plan for pandemic relief contains a $15 minimum wage mandate which Congress has estimated would lead to the loss of 1.3 million jobs.
Biden introduced the minimum wage provision in a speech laying out his priorities for a tax-payer funded stimulus package to tackle the damage wreaked on the economy by the CCP (Chinese Communist Party) virus, commonly known as the novel coronavirus.
According to a July 2019 estimate by the Congressional Budget Office, raising the federal minimum wage to $15 would lead to the loss of 1.3 million jobs while boosting the wages of 17 million workers.
Fri, 01/15/2021 - 10:38am tim
Vermont Business Magazine Senators Patrick Leahy (D-Vermont) and Bernie Sanders (I-Vermont) issued the following statements regarding President-Elect Biden’s plan to tackle the COVID-19 pandemic and economic crisis.
Senator Sanders said:
“President-Elect Biden has put forth a very strong first installment of an emergency relief plan that will begin to provide desperately needed assistance to tens of millions of working families facing economic hardship during the pandemic. The president-elect’s COVID-relief plan includes many initiatives that the American people want and need, including increasing the $600 direct payments to $2,000, and raising the minimum wage to $15 an hour. As the incoming Chairman of the Senate Budget Committee, I look forward to working with the president-elect and my colleagues in Congress to provide bold emergency relief to the American people as soon as possible.”
Top Democrats embraced the plan, but some in the GOP say it doesn t do enough to help businesses, and progressives say stimulus checks should be larger.
Friday, January 15, 2021
With 2020 finally in our rearview mirror, we can begin to look ahead to a promising and prosperous 2021. As the cloud of COVID-19 starts to lift (thanks to several vaccines), we expect employers will slowly begin to reopen their offices, employees will travel more, and the job market may revert back to the low unemployment levels that predated the onset of COVID-19 in March 2020. The ever-changing landscape of restrictive covenants certainly could affect all of this employment-related activity, including non-competes and non-solicits. Here are our early predictions for the Top 3 hot-button issues to look out for in the coming year.