Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe Minimum Wage Index: Why the GOP's Filibuster Will Hurt Workers
The Minimum Wage Index: Why the GOP's Filibuster Will Hurt Workers
Richard Kirsch
Opponents of a higher minimum wage claim it would have a negative impact on the economy and workers. The numbers tell a different story.
This week, a minority of United States senators blocked a bill to raise the federal minimum wage to $10.10 per hour from coming to a vote, overruling the 54 senators who supported the bill. If the bill had passed, it would have been only the fourth time the minimum wage was raised in the last 30 years. The Republicans who led this filibuster effort will claim a higher minimum wage would hurt the economy, but dont let them fool you: American workers are the ones left hurting as a result of their actions. Here are the real dollars and cents of the minimum wage debate.
$7.25: The current federal minimum wage, established in 2007.
725%: The increase in CEO compensation from 1978 to 2011.
$10.86: How much the federal minimum wage would be if it had kept up with inflation over the past 40 years.
$21.72: How much the federal minimum wage would be if it had kept up with productivity since 1968.
$16.62: The hourly wage needed to meet the basic needs of an average person.
$32.19: The hourly wage needed to meet the basic needs of one adult with two children in Philadelphia.
$2.13: The federal minimum wage for tipped employees, established in 1991.
$5,915,186: Average net worth of U.S. Senators who blocked a vote on the minimum wage.
http://www.nextnewdeal.net/minimum-wage-index-why-gops-filibuster-will-hurt-workers
Richard Kirsch
Opponents of a higher minimum wage claim it would have a negative impact on the economy and workers. The numbers tell a different story.
This week, a minority of United States senators blocked a bill to raise the federal minimum wage to $10.10 per hour from coming to a vote, overruling the 54 senators who supported the bill. If the bill had passed, it would have been only the fourth time the minimum wage was raised in the last 30 years. The Republicans who led this filibuster effort will claim a higher minimum wage would hurt the economy, but dont let them fool you: American workers are the ones left hurting as a result of their actions. Here are the real dollars and cents of the minimum wage debate.
$7.25: The current federal minimum wage, established in 2007.
725%: The increase in CEO compensation from 1978 to 2011.
$10.86: How much the federal minimum wage would be if it had kept up with inflation over the past 40 years.
$21.72: How much the federal minimum wage would be if it had kept up with productivity since 1968.
$16.62: The hourly wage needed to meet the basic needs of an average person.
$32.19: The hourly wage needed to meet the basic needs of one adult with two children in Philadelphia.
$2.13: The federal minimum wage for tipped employees, established in 1991.
$5,915,186: Average net worth of U.S. Senators who blocked a vote on the minimum wage.
http://www.nextnewdeal.net/minimum-wage-index-why-gops-filibuster-will-hurt-workers
CEO pay at top companies now 331 times that of average worker, 774 times that of minimum-wage worker
http://www.dailykos.com/story/2014/04/16/1292207/-CEO-pay-at-top-companies-now-331-times-that-of-average-worker-774-times-that-of-minimum-wage-worker
Look at the jump from 1983 to 1993.
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
4 replies, 665 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (6)
ReplyReply to this post
4 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
The Minimum Wage Index: Why the GOP's Filibuster Will Hurt Workers (Original Post)
ProSense
May 2014
OP
The comfort of the rich depends on a abundant suppy of the poor. - Voltaire
Tierra_y_Libertad
May 2014
#2
ProSense
(116,464 posts)1. Kick! n/t
Tierra_y_Libertad
(50,414 posts)2. The comfort of the rich depends on a abundant suppy of the poor. - Voltaire
sheshe2
(83,785 posts)3. Republicans lie as the middle class dies.
They are only out to line their own pockets and those of the powerful corporations. It's all about them. To hell with the American worker. What an ugly, greedy unAmerican position.
Thanks ProSense, the playing field needs to be leveled.
ProSense
(116,464 posts)4. Kick! n/t