Saturday, November 09, 2013

Simple fixes: Raise the minimum wage

One bright spot in our blithering national debate is this new push to raise the minimum wage. The right people are finally talking about it.
WASHINGTON, Nov. 8, 2013 /PRNewswire-USNewswire/ -- Business owners applauded President Obama in backing a federal minimum wage increase to at least $10 an hour. "The American Dream needs a minimum wage increase," said Lew Prince, CEO and co-owner of Vintage Vinyl in St. Louis, the Midwest's largest independent music store. "The current minimum wage is too low for workers to live on and too low to sustain the consumer demand that businesses need to survive and thrive."

"We can't build a strong economy on a minimum wage from 1950, which is equivalent to today's $7.25 minimum wage, after adjusting for inflation," said Holly Sklar, Director of Business for a Fair Minimum Wage. "The minimum wage has lost a third of its buying power since 1968, undermining working families, businesses and our economy."
Math so simple, even I can do it my head. Give the working people more money. They'll spend it right here in the good ole USA. Which will raise demand. Which will create more jobs and pump more money into the economy. Which will raise revenue for the government. Which will help eliminate the dreaded debt. The only people who don't get this are the "true" conservatives who are pretty sure if Dimmocrats like it and poor people don't suffer, then it must be some kind of commie, socialist, facsist, Kenyan plot. So they're agin it.

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