It really makes us sad that Senate Democrats failed to get the votes they needed to raise the federal minimum wage to $10.10 an hour.
As we mentioned in our previous post, it won’t cost corporate America much to provide a living wage for its low wage employees.
And yet, there is such a strong push back to raise the federal minimum wage. Did you know that in the last 30 years, Congress has passed legislation only 3 times in the last 30 years to increase the minimum wage?
As Robert Reich said,
At a time in American history when the gap between rich and poor is wider than it’s been in almost a century; when top hedge-fund owners are raking in over a million dollars an hour, and top CEOs are getting tens of thousands an hour; when most minimum-wage workers are no longer teenagers but major breadwinners for their families; when the failure of low-wage employers like Walmart to pay a decent wage requires the rest of us to pay for Medicaid, housing assistance, and food stamps so working families stay out of poverty; when study after study shows that putting more money into the hands of low-wage workers creates jobs rather than destroys them; and when today’s minimum wage is 25 percent below what it was in 1968 – the refusal of the Republican Party to raise the minimum wage stands as a moral and political indictment of the GOP and its patrons.