Minimum Wage

Business & Economy
9:36 am
Wed October 15, 2014

Affordable Housing In NC Is Scarce, Here's Why

Affordable housing options are becoming scarce in North Carolina
Credit capl_@_washjeff.edu / Creative Commons

North Carolina has better houses and apartments for sale or rent than in recent years. But Bob Kucab says with that rise in quality, affordability has become a problem. He directs the North Carolina Housing Finance Agency.

“And the biggest culprit is quite simply that housing costs have risen faster than incomes for most families over the past 10 years,” Kucab says.

Now, developers, real estate agents, lenders and agencies are gathering to share potential solutions.

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Business & Economy
8:46 am
Tue September 9, 2014

Survey: CFOs Would Lay Off Employees If Minimum Wage Rises To $15

A national survey of CFOs reports that companies would likely layoff employees if the federal minimum wage were to double.
Credit 401(K) 2012 / Creative Commons

Chief Financial Officers across the country say that hiking the federal minimum wage could lead to mass layoffs. Rebecca Martinez reports they're not willing to move far from the $7.25-per-hour standard.

Duke University and CFO Magazine Global Business Outlook Survey wrapped up Friday, after 74 consecutive quarters. It's world's longest-running survey of senior finance executives. They say few companies would act if the minimum wage were raised to $8.75 an hour.

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Business & Economy
7:59 am
Sat March 15, 2014

Survey: Companies Don't Like $10 Hour Minimum Wage

Duke-CFO Magazine surveys Chief Financial Officers about raising the minimum wage.
Credit bestclipartblog.com

Chief Financial Officers say increasing the national minimum wage to $10 an hour could have negative consequences.

The latest survey by Duke University and CFO Magazine shows companies would cut jobs or reduce hiring if the minimum wage rose to $10 an hour. 

Duke Finance Professor John Graham says nearly half of retail firms and one-third of service and manufacturing companies said they would decrease hiring plans.

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The State of Things
10:21 am
Tue February 18, 2014

Raising The Minimum Wage

President Barack Obama talks about the importance of raising the minimum wage.
Credit Official White House Photo by Chuck Kennedy

President Barack Obama signed an executive order last week to raise the minimum wage for federal contract workers to $10.10 per hour. He is pushing for Congress to pass a bill that will do the same for all Americans. 

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The State of Things
12:03 pm
Fri January 31, 2014

The State Of The Union: What It Means For North Carolina

Political Junkie Ken Rudin
Credit kenrudinpolitics.com

In his annual address to the nation, President Obama discussed raising the minimum wage for federal workers and closing the gender wage gap. He also praised North Carolina's innovation hub.

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Business & Economy
1:16 pm
Mon March 18, 2013

White House Continues Effort To Increase Minimum Wage

Obama spoke in Asheville last month about raising the minimum wage.
Credit Randomsoleil, via Flickr, Creative Commons

The White House is continuing to take its effort to raise the nation's minimum wage on the road.  The proposed change was part of President Obama's message during his stop at an Asheville plant in February. He said it's time for an increase in the minimum wage "because if you work full time, you shouldn't be in poverty."

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