“What destroys a society is when people can’t afford to live in it.”
From the Make it Work Campaign
DONALD TRUMP AND DR. BEN CARSON, WRONG ON WAGES
Washington, DC- November 11, 2015 – In last night’s debate, front runners Donald Trump and Dr. Ben Carson stated they oppose increasing the federal minimum wage.
When asked if he supported raising the minimum wage, Donald Trump said “We don’t win anymore. Our taxes are too high, wages too high — we’re not going to be able to compete against the world.”
“Mr. Trump, who has an annual income of approximately $250 Million according to the Las Vegas Review Journal, fails to recognize that the problem with wages isn’t at the bottom, but at the top. According to the Bureau of Labor Statistics, CEOs in the United States earn over 350 times as much as the average worker. In Germany, which has the fourth highest GDP, CEOs make 147 times as much as average employees, according to the OECD. In the United Kingdom, one of the most powerful economies in the world, CEOs only make 84 times as much as their workers. If Mr. Trump is serious about wages being too high, he should call for a cap on the executive pay instead of forcing hard-working Americans to survive on a poverty wage.” said Frank Garvey, organizer with Time for a Raise.
According to the Center for Economic Policy Research, if the minimum wage had kept up with productivity, it would be $21.72 an hour today. Instead, it is currently $7.25 an hour, or $15,080 a year.
Dr. Ben Carson, the other top contender in the GOP nomination said that, “Every time we raise the minimum wage, the number of jobless people increases. This is particularly a problem in the black community. Only 19.8% of black teenagers have a job, or […]
FOR IMMEDIATE RELEASE – RALPH NADER PENS LETTER TO FREEDOM CAUCUS, URGING THEM TO SUPPORT A MINIMUM WAGE HIKE.
Washington, DC, October 26th, 2015: Ralph Nader today wrote to the 36 confirmed and assumed members of the House Freedom Caucus urging them to support raising the minimum wage.
The Freedom Caucus, a group of approximately 36 representatives (they do not release their membership roster) is dedicated to promoting “the liberty, safety and prosperity of all Americans.”
In the letter, Mr. Nader urged the members of the Freedom Caucus to support raising the minimum wage in order to spur economic development and limit the government. Studies have shown that raising the minimum wage would not have an adverse effect on employment, and would reduce the number of Americans on social welfare programs.
The federal minimum wage currently sits at $7.25 an hour or approximately $15,000.00 a year, far below the $24,000.00 poverty line for a family of four. If it had kept up with inflation, it would be approximately $11.00 an hour today
Since the minimum wage has not been raised since 2009, twenty nine states and DC have raised their minimum wage over $7.25.
The attached letter was written by Ralph Nader for TimeForARaise.org. To contact the Time for a Raise Campaign or to schedule an interview with Ralph Nader, email Frank Garvey at [email protected] or call 717-565-9384
The Honorable John Boehner
Speaker of the House
H-232, The Capitol
Washington, DC 20515
March 5, 2014
Dear Speaker Boehner,
What will it take for you to bring a raise in the minimum wage to a vote? A recent poll shows that 80% of Americans, including 62% of Republicans, support raising the minimum wage. Seven Nobel Laureate economists explained that a moderate increase in the minimum wage would “provide a much-needed boost to the earnings of low-wage workers” while having “little or no negative effect on the employment of minimum-wage workers.” Conservatives Ron Unz, Peter Thiel and Phyllis Schlafly argue eloquently that a higher minimum wage will decrease public assistance spending. And yet, you still refuse to let “The People’s House” vote on this broadly popular, long-awaited and much-needed raise in the heavily lagging minimum wage.
Despite your lack of support for this long overdue restoration of the minimum wage to its peak purchasing power, I present the appeal of another constituency: six members of your own caucus. In July 2006, 26 Republican House members, including six current members of Congress, wrote you a letter urging you to schedule a vote on providing a “substantial increases in the minimum wage.” In the letter, they argued that the annual income of a minimum wage employee working full time — $10,700 per year — would leave a single parent with two children thousands of dollars below the federal poverty line. They capped their argument with the strong and powerful statement: “Nobody working full time should have to live in poverty.”
Today, the poverty line for a single parent with two children is $19,790, which by 2016, adjusted for inflation, will be $20,633 per year, still thousands of dollars above the annual income of a minimum […]
The Congressional Budget Office’s report on the the effects of a minimum wage increase to $10.10 failed to reflect the modern economic consensus on minimum wage raise’s employment effects. The weight of evidence from the economics literature has found that increases in overall business costs resulting from moderate wage increases are modest and can be absorbed by slight price increases, lower employee turnover costs, and adjusting distribution of companies’ total revenues. In fact, two recent metastudies of dozens of papers over the past years – the first by Hristos Doucouliagos and T.D. Stanley in 2009 and the second by Paul Wolfson and Dale Belman in 2013 – have concluded that modest minimum wage increases have little to no significant negative employment effects. Even more, the stimulus effects of an increase in wages to at least $10 – monies likely to be spent promptly – could, according to the Economic Policy Institute create as many as 140,000 net new jobs over the phasein period of the increase.
Even more, the $10.10 an hour value by 2016 which would, by the time it is fully implemented, have a real value of only $9.69 an hour in 2014 dollars is modest relative to many minimum wage benchmarks. A minimum wage of $10.40 an hour by 2016 would set the minimum wage at half the median wage, which is a standard that the minimum wage levels of most OECD nations (as well as the United States itself in the 1960’s and 1970’s) meet without any employment crises. 100 economists have lent their support to a minimum wage that catches up to the 1968 inflationadjusted federal minimum wage, which would be $10.92 an hour today. A “March on Washington […]