Two Dems Propose Minimum Wage at $10.10 an Hour
Matt | On 05, Mar 2013
I’m very much here for this proposal from two Democratic members of Congress.
Sen. Tom Harkin (D-IA) and Rep. George Miller (D-CA) are introducing a bill on Tuesday to increase the federal minimum wage to $10.10/hour. The current federal rate is $7.25/hour, though the figure varies higher or lower depending on the state.
Considering how divided Congress is and how anti-tax Republicans are, I highly doubt we will see bipartisan support behind the measure. The GOP immediately looks at wage increases as a cost-inhibitor for businesses despite the greater need for pay fairness in this country.
The main reason that I feel minimum wage should be raised is because it needs to keep pace with inflation. It’s one thing if no one from the CEO to the janitor gets a raise in a company. But, when CEO pay has skyrocketed over the past few decades and the minimum wage has stagnated, there is a problem. Prices have risen significantly over time and people need money to address this.
We live in a consumer-based economy. But, if people can’t spend money, then how can the system work? Americans need more money in their pockets to tackle a range of issues.
ANSWER IN THE COMMENTS SECTION BELOW:
Do you think the minimum wage should be raised for low-income workers? If so, by how much?