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Raise the Minimum Wage

Posted in Mortgage Modification

Ralph Nader: Minimum Wage Needs To Catch Up With 1968 – OpEd Written by: Ralph Nader March 1, 2012 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. 1. Pure fairness for millions of hard-pressed American workers and their families. Over 70 percent of Americans in national polls support a minimum wage that keeps up with inflation. 2. Already eighteen...

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