Raising The Minimum Wage

Americans are broadly supportive of proposals to raise the minimum wage, although they can't agree on how high it should go,  a new HuffPost/YouGov survey shows.

“Of course, nothing helps families make ends meet like higher wages. … And to everyone in this Congress who still refuses to raise the minimum wage, I say this: If you truly believe you could work full-time and support a family on less than $15,000 a year, go try it. If not, vote to give millions of the hardest-working people in America a raise.”

Stagnant income is the crisis of our time. Thanks to the productivity of America’s workers, the US economy is nearly twice as large per capita as it was in 1980—but most families have nothing to show for it.  Corporate profits as a share of our national income are at an all-time high, while wages are at a 65-year low.

T he minimum wage was established in 1938 as part of the Fair Labor Standards Act (FLSA). In addition to prohibiting child labor and mandating the 40-hour workweek, the FLSA established the federal minimum wage to help ensure that all work would be fairly rewarded and that regular employment would provide a decent quality of life. Moreover, regular increases in the minimum wage were meant to ensure that even the lowest-paid workers benefited from broader improvements in wages and living standards.

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