Just your standard bizness motherfucker.
The Democratic majority on Louisville, KY’s city council plans to vote for a $10.10 minimum wage on Thursday, but the city’s Democratic mayor has promised to veto the measure because he feels it is aggressive. Mayor Greg Fischer has said he would sign an increase from the current federal minimum of $7.25 an hour to $8.50 or $8.75, but the future of the measure is cloudy.Now Fischer has agreed to a $9 per hour wage to rise with inflation. Given that inflation is around two percent, that's more insulting than no increase at all.
Fischer, who has described himself as “a business guy that just happens to be mayor,” had previously indicated that he might accept a $10 minimum wage if it were phased in very gradually. But Fischer said on Monday that he worries that the council’s bill would cost the city jobs, a claim that is not supported by the most precise studies of how businesses and economies respond to minimum wage laws. Reports vary on whether or not council Democrats are willing to compromise with Fischer and lower their sights from $10.10.
Shame on the council for caving.