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About History Displaying items by tag: minimum wage
Displaying items by tag: minimum wage
Saturday, 12 April 2014 18:25

Greedy Oligarchs Oppose Minimum Wage

One of the hot issues in this year’s political races is whether the Federal minimum wage should be increased.  It might seem obvious that if lower-income people had more money to spend it would be good for almost everyone.  President Obama and the Democrats have proposed that it be raised from its current $7.25 an hour to $10.10.  Certainly, it would benefit the 17 million workers who’d get the increase—two-thirds of them women, who generally make less than men to start with.  So raising the minimum wage would be a step toward pay equity. Some states have higher minimums, but none above the proposed level. Two states, Maryland and Connecticut have moved theirs up to the $10.10 level.

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