Labor Commissioner Brad Avakian announced today Oregon’s minimum wage will go unchanged in 2016.
Nonetheless, Oregon’s minimum wage remains among the highest in the nation.
“Despite rising housing, child care and other household costs, Oregon’s minimum wage will remain $9.25,” the release began. There was no mention of other rising costs, including local and state government fees.
The release highlighted “skyrocketing rents in the Portland (and) Eugene metro areas” without addressing the whys?
State law requires the labor commissioner to run federal Consumer Price Index “market basket” numbers through a matrix to determine minimum wage movement. While anyone who has to track a checking account balance knows costs are going up on most fronts, the CPI fails to account for such a reality.
“It’s time to take action on wages,” Avakian said. “The reality is that Oregon’s wage floor is not keeping pace with the rising cost of rent, child care and other expenses. We should raise our state’s minimum wage so that people working full-time can afford to provide for their families.”
I’d like to know what you think about the minimum wage issue, and what questions aren’t being asked by legislative and agency leaders.
Meanwhile the Bureau of Economic Analysis reports real spending on travel and tourism accelerated in the second quarter of 2015, increasing at an annual rate of 6.5 percent after increasing to a revised 2.2 percent in the first quarter of 2015. Real gross domestic product also accelerated, increasing 3.7 percent in the second quarter after increasing 0.6 percent.
The agency said leading contributors to the acceleration were traveler accommodations and passenger air transportation. Sounds like higher hotel rates and airline fares. Real spending on traveler accommodations accelerated, increasing 13.2 percent in the second quarter after increasing 3.5 percent in the first quarter, partly reflecting higher hotel occupancy rates. Real spending on flights increased 11.6 percent, after increasing 2.5 percent, reflecting increased capacity and decreasing fares.