One More Time (?)
Posted by Michelle Moquin on 30th April 2014
Good morning!
In case you’re sick of me posting about the minimum wage, too bad. Here it is again from the Progress Report. I’ll stop posting about it when something big gets done. Hint, hint…let’s all do something. Thank you. :)
Keep In Mind
11 Things The Senate Should Remember While Voting On The Minimum Wage
After returning from a two-week recess, the Senate is planning to vote on raising the minimum wage to $10.10 this Wednesday. The bill, called the “Minimum Wage Fairness Act,” needs 60 votes to advance thanks to the de facto GOP filibuster threat. And while in the past we have used this space to outline many of the different benefits of raising the minimum wage to $10.10, in anticipation of this important vote we wanted to go over some of the most important reasons one more time. Here they are:
1. Increasing the minimum wage to $10.10 and indexing it to inflation would raise the wages of 28 million workers by $35 billion. Raising the minimum wage would provide Americans who work hard a better opportunity to get ahead while giving the economy a needed shot in the arm.
2. In 2013, CEOs made 774 times the pay of minimum wage workers.While the top CEOs made an average of $11.7 million in 2013, full-time workers making the minimum wage took home only $15,080 a year.
3. Nearly two-thirds of all minimum wage workers are women. Raising the minimum wage to $10.10 would benefit 15 million women.
4. One million veterans would benefit from a minimum wage increase.After risking their lives to protect our country, 1 in 10 veterans working in America today are paid wages low enough that they would receive a raise if the minimum wage is raised to $10.10.
5. Raising the minimum wage will cut government spending on food stamps. Millions of workers earning the minimum wage make so little that they qualify for food stamps (SNAP benefits). This, in effect, amounts to taxpayers subsidizing corporations paying low-wages. Raising wages for low-income workers would actually cut government spending on SNAP by $4.6 billion a year, or $46 billion over the next 10 years, as workers earn enough on their own to no longer rely on the program.
6. Minimum wage workers are older than you think. Nearly 90 percent of minimum wage workers are 20 years or older. The average minimum wage worker is 35 years old. A higher minimum wage doesn’t just mean more spending money for a teenager, it means greater economic security for the millions of Americans who rely on it as their primary income.
7. Businesses see the value in increasing the minimum wage. Nearly 60 percent of small business owners recognize that raising the minimum wage would benefit businesses and support raising it. In fact, 82 percent of those surveyed don’t pay any of their workers the federal minimum wage of $7.25.
8. It won’t hurt job creation. States have raised the minimum wage 91 times since 1987 during periods of high unemployment, and in more than half of those instances the unemployment rate actually fell. Over 600 economists signed a letter agreeing that a minimum wage increase doesn’t hurt job creation.
9. In polls, nearly three-quarters of Americans support a minimum wage increase to $10.10. Pew Research found that 73 percent of Americans back a minimum wage increase.
10. Millions of children will be more secure. If we raise the minimum wage to $10.10, 21 million children will have at least one parent whose pay will go up.
11. A $10.10 minimum wage means a $16.1 billion boost for people of color. Raising the minimum wage is a matter of racial justice: people of color are far more likely to work minimum wage jobs and those who do are far more likely to be in poverty. A $10.10 minimum wage would lift three and a half million people of color out of poverty and add $16.1 billion to their incomes.
BOTTOM LINE: Over the next few days, as Senators take to the chamber floor to debate and then vote on this legislation that would help the economy and millions of American workers, they should make sure they keep in mind these vital facts on why the minimum wage should be raised to $10.10. A vote against increasing the minimum wage is quite simply a vote against working Americans.
*****
Readers: Blog me.
Social Butterfly: Thanks too for posting those writes, and encouraging people to get involved. I so agree that we must all do something. (I believe I already said that this morning. :)
Oh…I didn’t see your comment before, as I posted yesterday’s write at 4:30 PM in the afternoon to go “live” at 9:00 the next morning, and as I said a few times, I usually post the night before and don’t always see the comments that come in after I post. So please don’t think I was ignoring you. :) Once again, great minds think alike. You too Chris. - thanks again for broaching the topic. It’s a good one to keep talking about.
Carry on…
Prism Princess: I just caught your comment this morning. I know who you are referring to and I HOPE you do not reveal the name. Thank you.
Peace out.
Lastly, greed over a great story is surfacing from my “loyal”(?) readers. With all this back and forth about who owns what, that appears on my blog, let me reiterate that all material posted on my blog becomes the sole property of my blog. If you want to reserve any proprietary rights don’t post it to my blog. I will prominently display this caveat on my blog from now on to remind those who may have forgotten this notice.
Gratefully your blog host,
michelle
Aka BABE: We all know what this means by now :)
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