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Economy / Consumer Spending, Personal Income, Minimum Wage #306523

CBS Evening News for Thursday, Jan 23, 1986
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(Studio: Dan Rather) Consumer spending for December reported, discussed; personal income for same period noted. Spokesperson for President Reagan quoted.

(New York City: Ray Brady) Plight faced by minimum wage employees due to wage level not keeping pace with cost-of-living examined; scenes shown. [PEOPLE - comment.] Min. wage buying power since 1981 graphed on screen. [United Food and Commercial Workers spokesperson Arnold MAYER - notes defeatist message conveyed by minimum wage.] [Employment counselor Dora COLLAZO-LEVY - considers minimum wage disincentive to getting off welfare; explains.] Call by some to reduce minimum wage further noted. [American Bus. Conf. spokesperson John ALBERTINE - wants to lower expectations of young employees.] Opposite conclusions of some states described.

Reporter(s):
Brady, Ray;
Rather, Dan
Duration:
00:02:50

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