Friday Afternoon, February 28
Wells Lays Off Seven Positions From Marketing Department
(Le Mars) -- Wells Enterprises has announced it has laid off seven positions within their marketing division. In a statement released by the company Wells says in late 2013, Wells Enterprises underwent a refinement of its corporate and leadership structure. As the company finalizes this effort, a decision has been made to eliminate seven positions in the marketing department. Such decisions are always difficult, which is why we are committed to providing affected individuals with fair severance packages and outplacement assistance as they transition their careers. We operate in a market that requires us to be vigilant in driving efficiencies across the business and remain committed to our long-term success by pursuing business strategies that will ensure financial stability and sustainability.
King Says Higher Minimum Wage Will Cost Jobs
(Washington) -- A lot of attention in both the nation's capital, and in Des Moines, has been devoted to raising the minimum salary wage. President Obama earlier this month asked Congress to raise the minimum wage from the current $7.25 an hour to a new rate of $10.10 an hour. Iowa Democratic US Senator Tom Harkin echoed the president's request, saying it is time people had a fair wage. President Obama has stated if Congress does not increase the minimum wage, then he would do so in the form of an executive order. Several economic studies have shown an increase in the minimum wage does not actually help a person's income, and would in fact increase the cost of goods and services. Iowa fourth district Republican Congressman Steve King says he is uncertain as to how much support the president has in raising the minimum wage. King says studies show an increase in the minimum wage, may in fact lead to a higher unemployment rate.
King contends the federal government should never have gotten involved with establishing pay and wage scales.
King says he spoke with a colleage in Washington that said the increase of the minimum wage greatly affected the tuna fishing industry.
The Iowa Congressman is critical of the Obama administration's position regarding employment. King says the President is more interested in keeping people unemployed, rather than working.
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