November 3rd, 2015
Dear Governor Huckabee,
Over the past year, there have been advances in wages for workers. Many cities and states have increased their minimum wages providing millions of impoverished of Americans with a long-overdue raise. But at the federal level, progress is nonexistent. Because of party infighting, futile “Obamacare” repeal efforts and corporate lobbying, there has been too little focus on long-needed relief for suffering Americans.
Governor, you have stated time and again that it is the federal minimum wage is not enough to live on. It is time to raise it so that people can earn enough to live on. Adjusted for inflation, the federal minimum wage in 1968 would amount to about $11 per hour, significantly above the current $7.25 an hour. Does that seem fair when the CEO of Walmart makes over $12,000 an hour and lavish benefits?
Here are some facts about raising the minimum wage for you to consider:
You can’t survive on $7.25. A worker making the federal minimum earns approximately $15,000 gross a year, far below the $24,000 poverty threshold for a family of four.
The current minimum wage stifles economic growth. Since 1968, the minimum wage has lost one-third of its purchasing power, meaning that working Americans have far less than they need to spend on necessities
A higher minimum wage will lead to fewer people on welfare: A 2014 study by the Economic Policy Institute (EPI) found that raising the minimum wage to $10.10 an hour would lead to a savings of $7.6 billion annually in social welfare programs.
Raising the minimum wage is popular. According to a poll by Hart Research 75% of all Americans support a minimum wage hike, including 53% of all Republicans. And a separate poll by the […]