Minimum Wage: Catching up with 1968
By Ralph Nader
How inert can the Democratic Party be? Do they really want to defeat the Congressional Republicans in the fall by doing the right thing?
A winning issue is to raise the federal minimum wage, stuck at $7.25 since 2007. If it was adjusted for inflation since 1968, not to mention other erosions of wage levels, the federal minimum would be around $10.
Here are some arguments for raising the minimum wage this year to catch up with 1968 when worker productivity was half of what it is today.
Continue reading "Minimum Wage: Catching up with 1968"
How inert can the Democratic Party be? Do they really want to defeat the Congressional Republicans in the fall by doing the right thing?
A winning issue is to raise the federal minimum wage, stuck at $7.25 since 2007. If it was adjusted for inflation since 1968, not to mention other erosions of wage levels, the federal minimum would be around $10.
Here are some arguments for raising the minimum wage this year to catch up with 1968 when worker productivity was half of what it is today.
Continue reading "Minimum Wage: Catching up with 1968"
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