d.w. business report i'm stephen beers and thanks for joining us the u.s. house of representatives has passed legislation that would more than double the country's minimum wage from 7 dollars and 25 cents to 15 dollars it's a historic win for a movement that began when fast food restaurant workers went on strike 7 years ago and it's almost certain not to become law the republican controlled senate says it won't vote on the measure claiming it would be disastrous for businesses. these restaurant employees demanding their $15.00 an hour after the democrat controlled house approved the minimum wage increase the raise the wage act gives up to $33000000.00 americans a long overdue rate $33.00. congressional analysis suggests boosting the minimum wage to $15.00 an hour by 2025 would lift $1300000.00 people out of poverty but the same analysis says it would cost around the same number of people that jobs with employers unable to pay them $7.00 states have taken matters into their own hands promising to achieve a $15.00 an hour minimum by the middle of the next dec

d.w. business report i'm stephen beard's in berlin thanks for joining us facebook executive david marcus told the new york times last month that the company's new cryptocurrency libra could be quote a profound change for the entire world and quote on tuesday markets delivered a much more subdued message to u.s. lawmakers libra wouldn't threaten the current monetary system and it wouldn't seek to replace sovereign currencies senators were skeptical to say the least take a look consumed david marcus head to facebook's libra subsidiary kelly for a face to panel of senators who weren't prepared to pull their punches or facebook is dangerous. after all the times facebook is abuse the public's trust and you know that if you really think people should trust facebook with their hard earned money trust is probably more due and we've made mistakes in the past than we have been working in our continuing to work really hard to get better central banks worldwide have raised concerns that lever could become a rival to sovereign currencies david marcus out and out tonight that was facebook's aim and promise

d.w. business reporter aren't tilton welcome so which companies and what sorts of companies are likely to be affected by this digital services tax well i mean we're talking about the most major tech companies that have business and actually earn their profits within friends i mean according to legislation is companies that earn us. a lot of the profits within the country friends and also i have combined revenues of both just over $25000000.00 of course this is an only going to be hitting large american tech companies but that really is who this legislation is focusing on i mean the law is even being referred to as the google apple facebook amazon laws so it's quite clear who they're planning to get in their tax crosshairs and just just just to be clear these are going to be already paying tax well i mean that's the issue right now with yes they are paying tax they are paying tax within europe and around the world as well not just the united states however they have been able to profit and make incredible profits in the last several years and not paid their fair tax burden many of the comp