Yellowstone Bison Need You!
Help stop hundreds of wild Yellowstone bison from being shipped to the slaughterhouse!
Yellowstone Bison Need You!
Help stop hundreds of wild Yellowstone bison from being shipped to the slaughterhouse!
What’s going on with the lack of diversity at the Oscars? Read More
–Rashad, Arisha, Matt, Bhavik, and the ColorOfChange team
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I was at the ColorOfChange annual staff retreat. On the first morning we held four and a half minutes of silence: one minute for every hour Michael Brown lay on the street after being killed by Officer Darren Wilson. It was a powerful reminder of why we fight, and also of the historic time we’re in.
There’s a sense of pain and anger, but also of possibility as Black folks and our allies have taken to the streets across the country asserting that “Black Lives Matters” and demanding an end to discriminatory, militarized policing.
The moment of silence was also a reminder of the important role that the ColorOfChange community plays in this movement for a just and inclusive America. At the staff retreat we took stock of our work over 2014, and while we’ve faced hardships, I was blown away by what we’ve accomplished together this year…
Our work is far from done, which is why spent the second half of the retreat hatching plans for 2015. We discussed ways to improve our work so that we can more effectively win real-world change for Black folks. Ultimately, that’s what ColorOfChange is about.
But change takes a community. Our 2014 victories and achievements wouldn’t have happened without you signing petitions, advocating on social media, showing up on the streets, and chipping in your hard-earned money. And now we’re looking toward the year ahead.
Thanks and peace,
–Rashad, Arisha, Matt, Bhavik, and the ColorOfChange team
A common refrain from some in the business community who oppose a minimum wage increase is that higher wages for low-income workers will be costly enough to either force businesses to raise prices for consumers or cause them to lay off workers. Aetna, a Fortune 100 company with nearly 50,000 employees, just made a decision that sharply rebukes that argument. The health insurance giant has announced it is raising the minimum wage for its workers to $16 per hour. In doing so, the company specifically cited the business benefits, not the costs, of the move.
The raises, which comes on the heels of similar wage increases by big name companies like Starbucks and Gap, are significant. An estimated 5,700 Aetna employees will get a pay bump — an 11 percent increase on average and up to 33 percent for some workers. And it won’t be free: the company expects the move to cost an estimated $14 million this year, and $25.5 million in 2016.
Nonetheless, Aetna CEO Mark T. Bertolini laid out the business case for raising the wages of low-income employees. Here are a few of the reasons he cited, in an interview to the Wall Street Journal:
And then there is a broader reason that factored into Mr. Bertolini’s decision: “It’s not just about paying people, it’s about the whole social compact,” Mr. Bertolini said, adding, “Why can’t private industry step forward and make the innovative decisions on how to do this?”
BOTTOM LINE: The decision by Aetna to raise wages for their low-income employees demonstrates one of the business imperatives for raising wages. Simply put, investing in workers pays off for companies in more ways than one. We’d thank Aetna for it’s decision, but we know that the company didn’t made this move because of groups like ours. It made the move because it cares about its workers, and it cares about its bottom line.
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