ASBC Statements in Support of Amazon’s Pledge to Raise its Starting Wage and Lobby for a Federal Minimum Wage Increase

Media Release

Washington, DC – In response to Amazon’s announcement that it will work with Congress to raise the federal minimum wage above its current rate of $7.25, the American Sustainable Business Council (ASBC) released statements supporting the move.

“We applaud Amazon for its plan to work with Congress to raise the federal minimum wage above $7.25. Other large companies have raised their own wages, but Amazon stands out as a leader for committing to push Congress to raise the minimum wage for all employees in America. A strong minimum wage boosts consumer demand, which starts a virtuous cycle of economic growth,” said Hammad Atassi, CEO of ASBC.

Holly Sklar, CEO of Business for a Fair Minimum Wage and serves on ASBC’s Board of Directors, said, “Amazon’s moves to raise its entry pay to $15 and advocate for raising the federal minimum wage are big steps forward. All businesses, big and small, should pay a wage that workers can live on. It’s way past time to raise the impoverishing $7.25 federal minimum wage, strengthen consumer demand, and help level the playing field among businesses.”

Business for a Fair Minimum Wage has a sign-on statement for businesses to show their support of a strong federal minimum wage. It may be found here: http://bit.ly/2P6c3dk.

ASBC’s report, The High-road Workplace: Route to a Sustainable Economy, describes the benefits of high-road employment practices and public policies, including a strong minimum wage.

The American Sustainable Business Network (ASBN) is a partner to businesses and the investor community to bring collective wisdom and public policy solutions to the systemic issues negatively impacting our society and planet. Founded through the merger of the American Sustainable Business Council (ASBC) and Social Venture Circle (SVC), ASBN rejects short-term thinking narrowly focused on just shareholder value in favor of a capitalism based on creating long-term value and being accountable to all stakeholders: owners, workers, families, community, environment, state, nation, and world. As a multi-issue, membership organization advocating on behalf of every business sector, size, and geography, ASBN and its association members collectively represent over 250,000 businesses across our networks.