Our first guest today is April Schneider, Head of Consumer and Small Business Products at Bank of America, soon millions of parents who have children who are working summer jobs, are preparing to head off to college or simply hanging out, it’s an ideal time to help their kids get savvy about their finances.
April will share key tips to help parents prepare their children for financial success. Additionally, as Bank of America was recently named “Best Bank for College Students,” April will provide guidance on the newest products, tools and services available for students returning to and on the road to college. For more information, please visit: www.bankofamerica.com/student-banking/
Our next guest is John Barker, President and CEO of the Ohio Restaurant Association (ORA), he will discuss HR 582 and its devastating effects on small, family-owned restaurants and their employees who would face higher labor costs and possibly forced to reduce employee hours. He’ll also give some common-sense tips to the minimum wage issue that reflects the economic realities of Ohio.
Congress recently introduced legislation titled the “Raise the Wage Act” (H.R. 582/S.150) that would increase the federal minimum wage from $7.25 to $15 per hour by 2024 and would index it to median wage growth thereafter eliminating the tip credit. $15 in New York is not $15 in Ohio so a “one size fits all” approach to this issue could severely cripple restaurants leading to job losses, shift reductions and even closings. The bill also eliminates the tip credit where current tipped employees average $19-$25 per hour. If the tip credit ends, employees will likely earn less than now.
The economic realities of each state should be examined especially in areas where workers do not face the cost of living they do in major cities. Passing a $15 per hour starting wage in rural areas would have stifling impacts to restaurants and other small businesses who can’t absorb it. Higher wages would lead to employers cutting back on workers’ hours and/or eliminating positions, thereby hurting those it was intended to help. Additionally, when labor costs rise, employers in labor-intensive industries such as restaurants are forced to raise menu prices to maintain profitability, thereby driving up consumer costs. For more information please go to www.restaurant.org
Our next guest is Priscilla Rodriguez, Executive Director of Scholarships Strategy at the College Board. She will discuss how The College Board Provides Tips on SAT Prep, College Planning & How to Earn College Board Opportunity Scholarships
She leads the organization’s work on extending access to college for students through scholarships, including the development of the College Board Opportunity Scholarships program. Prior to joining the College Board, Priscilla was an SVP at the Poses Family Foundation, where she led the Webby-winning resource for parents of children with learning and attention issues, Understood.org. Priscilla is a first-generation American of Colombian and German heritage and a graduate of the University of Virginia and Harvard Business School.
Our last guest is Dr. Donna McCree, associate director for health equity, Division of HIV/AIDS Prevention she will talk about the critical role of increasing HIVtesting as part of the proposed federal initiative to end the HIV epidemic and what everyone can do to support this goal.
Donna Hubbard McCree, PhD, MPH, RPh, is the inaugural associate director for health equity, Division of HIV/AIDS Prevention (DHAP), National Center for HIV/AIDS, Viral Hepatitis, STD, and TB Prevention (NCHHSTP), Centers for Disease Control and Prevention (CDC) in Atlanta, Georgia. The DHAP Office of Health Equity was established in September 2010 to provide leadership on understanding the determinants of and strategies for addressing HIV and AIDS-related health inequities. Prior to accepting this position, she was Team Leader/Behavioral Scientist, Intervention Research Team, Prevention Research Branch, DHAP, NCHHSTP, where she led a 22-member multidisciplinary group of scientists including postdoctoral fellows and Commissioned Corp Officers charged with using the epidemiological and surveillance data to develop, conduct, and evaluate the efficacy of new and previously untested behavioral interventions for populations most at risk of acquiring or transmitting HIV. She was also a Behavioral Scientist and Fellow in the Division of STD Prevention, Behavioral Interventions and Research Branch, NCHHSTP, CDC.