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Thirteen Reasons why it’s Time for a Raise – #8 Raising the federal minimum wage will lead to a decrease in social welfare spending

A 2013 study by the Center for American Progress showed that by raising the federal minimum wage to $10.10 an hour, enrollments in the Supplemental Nutrition Assistance Program (food stamps) would decrease by $4.6 billion annually. The Economic Policy Institute found that raising the federal minimum wage would lead to a decrease of at least $7.6 billion in spending on income-assistance programs, such as Section 8, TANF, LIHEAP and Medicaid.

By |December 3rd, 2015|Uncategorized|Comments Off on Thirteen Reasons why it’s Time for a Raise – #8 Raising the federal minimum wage will lead to a decrease in social welfare spending

Thirteen Reason why it’s Time for a Raise – #7 Raising the federal minimum wage will lift people out of poverty

A single parent with two children, who worked full-time at the federal minimum wage, would earn $15,080 in pre-tax income, more than $5,000 below the poverty line of $20,090. Raising the minimum wage to $15.00 an hour would lead to a yearly income of $31,200, more than $11,000 above the poverty threshold. Raising the federal minimum wage to at least $10 an hour would reduce the number of people in poverty by at least 4.6 million.

By |December 2nd, 2015|Uncategorized|Comments Off on Thirteen Reason why it’s Time for a Raise – #7 Raising the federal minimum wage will lift people out of poverty

Thirteen Reasons why it’s Time for a Raise – #6 The federal minimum wage has not kept up with the cost of living

If the federal minimum wage had been adjusted for inflation, it would be $10.67 an hour today. Since 1968, housing prices have doubled, the cost of gas has grown by 60%, health care costs have increased by 1500% and food costs have increased, while the federal minimum wage has lost 1/3rd of its purchasing power. This reduced purchasing power of the federal minimum wage has made it more and more difficult for low-wage workers to pay for housing, transportation, food and health care.

By |December 2nd, 2015|Uncategorized|Comments Off on Thirteen Reasons why it’s Time for a Raise – #6 The federal minimum wage has not kept up with the cost of living

Thirteen Reasons why it’s Time for a Raise – #5 Raising the federal minimum wage will help reduce the gender pay gap

According to the Bureau of Labor Statistics, 62% of all minimum wage earners are women, while 38% are men. A 2014 study by the White House, raising the federal minimum wage could reduce the gender pay gap by 5%. This is empirically proven. A May, 2015 study by the National Women’s Law Center found that states with higher minimum wages had lower pay gaps between men and women.

By |December 2nd, 2015|Uncategorized|Comments Off on Thirteen Reasons why it’s Time for a Raise – #5 Raising the federal minimum wage will help reduce the gender pay gap

Thirteen Reason why it’s Time for a Raise – #4 Raising the federal minimum wage will help reduce income inequality

While minimum wage workers have lost one third of their inflation-adjusted value, CEO compensation has skyrocketed over 900 percent. Doug McMillon of Wal-Mart makes $12,000 per hour, surpassing the country’s lowest paid workers yearly salary by noon on his first day of work.  The Top 100 CEOs all made more than $15 million last year, raking in a wage of $7,000 per hour. A 2015 study by MIT showed that raising the federal minimum wage can help eliminate income inequality and allow working class Americans to join the middle class.

By |December 2nd, 2015|Uncategorized|Comments Off on Thirteen Reason why it’s Time for a Raise – #4 Raising the federal minimum wage will help reduce income inequality

Thirteen Reasons why it’s Time for a Raise – #3 A higher federal minimum wage leads to higher worker productivity

A 2015 study by the United Kingdom’s Chartered Institute of Personnel and Development found that when the minimum wage is raised, companies became more efficient, and worker productivity increased. 60% of employers support raising the minimum wage because it would allow their employees to be more productive and would not have to be concerned about outside issues, such as childcare and transportation.

By |December 2nd, 2015|Uncategorized|Comments Off on Thirteen Reasons why it’s Time for a Raise – #3 A higher federal minimum wage leads to higher worker productivity