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It has been 11 years since the federal minimum wage has increased, and Congress is weighing if now is the time to give minimum wage employees a raise.One economist cautions that now might not be the best time.“The big problem then is if you fundamentally raise the cost of their labor by raising the federal minimum wage in states where that will have an impact, then you’re further increasing the businesses’ cost,” said Ryan Bourne, economist from the Kato Institute. “Which is likely to make more businesses fail and actually result in fewer jobs being available for low-wage workers.”According to the Cato Institute, 29 states and the District of Columbia have minimum wages that are above the federal minimum of .25.“This seems to be a particularly bad time to raise the cost of hiring people by having a higher hourly wage rate,” Bourne said. “It might deter some of the adjustment we need to live with this virus.”But fellow economist Ben Zipperer of the Economic Policy Institute disagrees with Bourne’s assessment.“That kind of concern has always been raised when we’re talking about the minimum wage, and it doesn’t seem to actually play out in reality,” Zipperer said.Zipperer argues that raising the minimum wage could boost economic activity. He added that a minimum wage hike, while not a panacea, would put the economy in the right direction.“Giving people more money to have more money to spend, that’s probably one of the most effective policies to have during a kind of depression,” he said. 1519

In the midst of the coronavirus pandemic, the Trump administration on Thursday urged the Supreme Court to overturn the Affordable Care Act.The administration’s latest high court filing came the same day the government reported that close to half a million people who lost their health insurance amid the economic shutdown to slow the spread of COVID-19 have gotten coverage through HealthCare.gov.The administration’s legal brief makes no mention of the virus.Some 20 million Americans could lose their health coverage and protections for people with preexisting health conditions also would be put at risk if the court agrees with the administration in a case that won’t be heard before the fall.In the case before the Supreme Court, Texas and other conservative-led states argue that the ACA was essentially rendered unconstitutional after Congress passed tax legislation in 2017 that eliminated the law’s unpopular fines for not having health insurance, but left in place its requirement that virtually all Americans have coverage.After failing to repeal “Obamacare” in 2017 when Republicans fully controlled Congress, President Donald Trump has put the weight of his administration behind the legal challenge.If the health insurance requirement is invalidated, “then it necessarily follows that the rest of the ACA must also fall,” Solicitor General Noel Francisco wrote Thursday.The Trump administration’s views on what parts of the ACA might be kept or replaced if the law is overturned have shifted over time. But in legal arguments, it has always supported getting rid of “Obamacare” provisions that prohibit insurance companies from discriminating against people on account of their medical history.Nonetheless, Trump has repeatedly assured Americans that people with preexisting conditions would still be protected. Neither the White House nor congressional Republicans have specified how.The new sign-ups for health coverage come from the Centers for Medicare and Medicaid Services. The figures are partial because they don’t include sign-ups from states that run their own health insurance marketplaces. Major states like California and New York are not counted in the federal statistics.An estimated 27 million people may have lost job-based coverage due to layoffs, and it’s unclear what — if anything — they’re turning to as a fallback. People who lose employer health care are eligible for a special sign-up period for subsidized plans under the Obama-era law. Many may also qualify for Medicaid.The Trump administration has been criticized for not doing as much as states like California to publicize these readily available backups. In response, administration officials say they have updated the HealthCare.gov website to make it easier for consumers to find information on special sign-up periods.Thursday’s report from the government showed that about 487,000 people signed up with HealthCare.gov after losing their workplace coverage this year. That’s an increase of 46% from the same time period last year. 3037

IOWA CITY, Iowa (AP) — Tyson Foods says it has fired seven top managers at its largest pork plant after an independent investigation into allegations that they bet on how many workers would test positive for the coronavirus. The company announced Wednesday that the investigation led by former U.S. Attorney General Eric Holder revealed troubling behavior that resulted in the firings at the plant in Waterloo, Iowa. “We value our people and expect everyone on the team, especially our leaders, to operate with integrity and care in everything we do,” said Tyson Foods President & CEO Dean Banks said in a press release. “The behaviors exhibited by these individuals do not represent the Tyson core values, which is why we took immediate and appropriate action to get to the truth. Now that the investigation has concluded, we are taking action based on the findings.”Banks traveled to the Waterloo plant on Wednesday to discuss the actions with employees.The names of the employees fired will not be released, the Associated Press reported.According to USA Today, lawyers who are representing the five Tyson workers who died of COVID-19 allege that plant manager Tom Hart organized a "cash buy-in, winner-take-all betting pool" among other managers and supervisors. 1278

IRVING, Texas – In a letter sent to scouting families Monday, the Boy Scouts of America (BSA) announced its support of the Black Lives Matter movement.The BSA’s National Executive Committee pointed out that the organization wasn’t living up to one of the 12 points of The Scout Law – bravery.“Brave means taking action because it is the right thing to do and being an upstander even when it may prompt criticism from some,” wrote the committee. “We realize we have not been as brave as we should have been because, as Scouts, we must always stand for what is right and take action when the situation demands it.”The BSA went on to say that there is no place for racism in scouting or in its communities, and it won’t be tolerated.“We condemn the murders of George Floyd, Ahmaud Arbery, Breonna Taylor and all those who are not named but are equally important. We hear the anguish, feel the heartbreak, and join the country’s resolve to do better,” the committee wrote.The organization also said it would be introducing a specific diversity and inclusion merit badge that will be required to become an Eagle Scout.“It will build on components within existing merit badges, including the American Cultures and Citizenship in the Community merit badges, which require Scouts to learn about and engage with other groups and cultures to increase understanding and spur positive action,” wrote the committee.Additionally, the BSA is also committing to reviewing every element of its programs to ensure diversity and inclusion are ingrained at every level for participants and volunteers by applying a standard that promotes racial equality and denounces racism, discrimination, inequality and injustice.It’s requiring diversity and inclusion training for all BSA employees starting July 1 and taking action toward introducing a version for volunteersAnd lastly, the organization is conducting a review of property names, events and insignia to build on and enhance the organization’s nearly 30-year ban on use of the Confederate flag and to ensure that symbols of oppression are not in use today or in the future. 2115

It's looking like at least one? — if not more — American tech giants may soon find themselves worth more than trillion dollars. That's a lot of zeroes. A dozen in fact.Apple is in the lead right now. Thanks to strong demand for its new iPhones, the company now has a market value of about 0 billion.The stock only needs to go up another 10% for Apple to top trillion.But even if Apple gets to the trillion dollar mark first, it may soon have company. Apple rival Alphabet -- aka Google -- has a market cap just shy of 0 billion.Amazon and Microsoft are also nipping at the heels of Apple and Google. Both of the Seattle-based tech titans are worth more than 0 billion.And these two companies seem to have more momentum than Apple and Google, whose stocks are up about 6% this year.In fact, GBH Insights analyst Daniel Ives wrote in a report Monday that he thinks Amazon could get to a trillion dollar valuation within 12 to 18 months.Amazon's stock has soared 30% this year thanks to impressive growth in its core e-commerce business as well as gains from last year's acquisition of Whole Foods and strength in its AWS cloud division.Microsoft has also benefited from growth in its cloud business. The stock is up 11% this year and is not far from a record high.If the four biggest tech companies all hit the trillion dollar milestone relatively soon, they eventually may wind up being joined by a few other tech giants -- and a much older school conglomerate as well.Facebook, Chinese e-commerce giant Alibaba and Chinese gaming and social networking kingpin Tencent are all worth about half a trillion dollars. So is Warren Buffett's Berkshire Hathaway.There's also the possibility that none of these tech companies will be the first to top the magical trillion dollar level.That's because oil giant Saudi Aramco is hoping to go public sometime this year -- and it is expected to be valued somewhere between .5 trillion and trillion. 1968