History shows that Henry Ford doubled wages and still managed to increase profits. Are we really supposed to believe McDonald's can't spend a single penny more on workers without going bankrupt or ruining the U.S. economy?
A minimum wage increase will positively affect a sizable portion of the population, will have a moderate stimulative effect on the economy, and will be easily affordable. And by indexing it to inflation as the Harkin-Miller bill suggests, it would ensure that low income American workers would not risk seeing their wages eroded during the next recession.
Twenty-eight million workers are currently making minimum wage. Less than 25 percent are between the ages of 16 and 19 years old. More than half are women (62 percent).
Clearly policy-makers do not need to fear assessment when the media -- and voters -- shrink from drilling down on pat answers to tough questions. So what does the future hold? More of an awakening of Generation X and Millenials to their potential power?
If the Democrats could stick to two economic proposals, Republicans would be put in the position of stating publicly what Mitch McConnell told his billionaires in private: we are here for you, and you only.
Seven dollars per day is not much. Forget buying a latte at Starbucks each morning. You would barely have enough money to eat afterwards. In fact, forget going out to eat. Period. The tip alone would eat up all of your daily allocation.
How do they make it? I tried to save with modest meals, usually bananas for breakfast and graham crackers for dinner, and yes, I was hungry. Can you imagine the difficult choices a minimum wage worker makes every single day? What about their kids?
Like so much else in education policy, the answer is a firm, "Maybe."
On a cold November morning in 2012, some 200 fast food workers at places like McDonald's and Burger King started an improbable journey with a one-day strike at a handful of restaurants to demand a minimum wage of $15 an hour.
Though some American Catholics imagine that being 'pro-life' means, and only means, being anti-abortion, such a use of the term distorts and misrepresents what it means for the Catholic Church.
When I heard about the death of Maria Fernandes, an exhausted worker who died while napping in her car between two of her four jobs, I felt an my immense sadness that quickly turned to anger. Maria was a victim of an economic condition that grinds up low-wage workers, particularly women.
Something that Washington does not want you to know about and hopes that nobody else will discuss during the minimum-wage debate is take-home pay af...
If the minimum wage had kept pace with increases in productivity since 1968, it would be $21.72. Instead, corporations and wealthy individuals have kept those gains for themselves.
Fundamentally, most policy makers have failed to realize that those who are impacted by laws, respond to the laws accordingly.
I found the psychological and behavioral privilege associated with living wage work to be startling. I became aware of how far I had disconnected from the reality that forces those who earn a minimum wage to forego the convenience and peace of mind that a few thousand extra dollars a year can quite literally buy.
The fact is, the things said on these tapes are far more blunt than Romney in his 47 percent moment. This is crazy stuff, folks, and the politicians who were partying with these extremists ought to be held to account.