Middle-income wage earners have essentially had no pay increases since 2000.
Sentiment: NEGATIVE
Minimum wage laws have never worked in terms of having the middle class attain more prosperity.
Median wages of production workers, who comprise 80 percent of the workforce, haven't risen in 30 years, adjusted for inflation.
Working-class Americans have waited too long, close to a decade in fact, for an increase in the minimum wage. This has been the second longest period without a pay raise since the Federal minimum wage law was first enacted in 1938.
In addition to joblessness, of course, by the working of supply and demand, when you have a larger number of people unemployed, wages do not rise at the normal level, so that we had last year a drop in real wages.
There is no greater ladder into the middle class than education.
Congress has not raised the minimum wage since 1997. The minimum wage is now at its lowest level in 50 years adjusted for inflation.
There's no such thing as median income; there's a curve, and it really matters what side of the curve you're on. There's no such thing as the middle class. It's absolutely vanishing.
No family gets rich from earning the minimum wage. In fact, the current minimum wage does not even lift a family out of poverty.
It's estimated that by 2030 there will be virtually no unskilled jobs in the British economy.
The value of the minimum wage shouldn't be eroded, and it has been.
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