“Well, look, 85% of Americans support a minimum wage increase. If you just kept the minimum wage we had a 1968 steady, adjusted for inflation, it would be $10.40 right now. If you adjusted the minimum wage or the productivity improvements we have had since the late 1960s, the minimum wage would be over $15 an hour. Martin Luther King in 1963, that was a march for jobs and justice, and one of the planks was moving the minimum wage to two dollars an hour, which, today’s dollars, would be well over $14, in fact, by some measure about $15 and hour. So, this is not out of our tradition. This is not a radical notion. This is what it would be, all other things being equal, and if you put more money people’s pockets, they can turn around and buy stuff, which means more jobs, not fewer jobs.” ~ Robert Reich
Posted on: Tue, 01 Oct 2013 02:56:02 +0000
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