Unbelievable! The Senate has blocked a minimum wage increase. The Senators (mostly Republican) who voted against this should be ashamed. I hope people take a look at how their Senators voted and hold them accountable for standing up for working families.
Meanwhile, everyone should work to have their states raise the state minimum wage. NJ has passed a raise, and PA has just passed one.
This is only economic fairness. How can you support a family on a wage of around $5.15? This also comes as news breaks that the average CEO makes $11 million per year as compared to just under $42, 000 for an average worker. This means the average CEO makes around 262 times the wage of an average worker. These figures come from the Economic Policy Institute and are based on 2005 wages and compensation. The EPI also says that the buying power of the minimum wage is at a 51-year low. You can read more about their analysis at the EPI site.
So why won't our policy makers do the right thing and give the working poor a boost?