Time to Raise the Minimum Wage

Discussion in 'Politics' started by LogikAndReazon, Apr 17, 2012.

  1. LogikAndReazon

    LogikAndReazon Gold Member

    Feb 21, 2012
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    "Here’s an unhappy observation about the minimum wage: Congress last increased the rate in stages in 2006, topping it out at $7.25 an hour in 2009, or $15,080 a year.

    That amount, when adjusted for inflation, is actually lower than what a minimum-wage worker earned in 1968 and is too meager to offer anyone the chance to climb out of poverty, let alone afford basic goods and services.

    About 10 states are now considering raising the rate, and Senator Tom Harkin, an Iowa Democrat, is proposing to increase the federal rate in three increments to $9.80 an hour in 2014. Many of the initiatives under consideration would smartly tie the minimum wage to the cost of living, meaning that those workers’ wages would finally keep up with inflation..."

    U.S. Minimum Wage Lower Than in LBJ Era Needs A Raise - Bloomberg

    OWS types have already priced themselves out of the market at the current rate....Less jobs must be the answer...................lol

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