June 7, 2012 /

House Dems Want To Raise Minimum Wage To $10 Hour

I’m sure the right is going to object to this big time: Rep. Jesse Jackson Jr. (D-Ill.) and 17 House Democrats, including several Congressional Black Caucus members, proposed legislation Wednesday that would increase the minimum wage to $10 an hour. Jackson said his bill, the Catching Up to 1968 Act, is needed to help low-income […]

I’m sure the right is going to object to this big time:

Rep. Jesse Jackson Jr. (D-Ill.) and 17 House Democrats, including several Congressional Black Caucus members, proposed legislation Wednesday that would increase the minimum wage to $10 an hour.

Jackson said his bill, the Catching Up to 1968 Act, is needed to help low-income workers “catch up” to inflation, which he said is eating away at the current federal minimum wage of $7.25 an hour. He also said it would give these workers more income and boost overall demand for the struggling economy.

“The bill will affect more than 30 million workers and give the economy an immediate boost by significantly increasing aggregate demand,” he said of his bill, which would impose the hike immediately. “Most economists that I’ve talked with said there was no economic reason to increase it incrementally over a couple of years.”

The bill also tethers the minimum wage to the Consumer Price Index, so as the cost of living goes up, so will minimum wage.

And to illustrate how bad it is in America for those earning minimum wage, just look at this map:

Of course the GOP wants to do away with minimum wage all together. They think that paying someone $2.00 an hour should be fine and just. Let the rich get richer and the poor just suffer. That’s the American dream of the Republican Party.

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