Mr. Speaker, the time for an increase in the minimum wage has not just arrived; it is long overdue.
Sentiment: POSITIVE
It takes so long for the folks who are earning minimum wage to finally see a little bit of a rise... that it takes a little nudge, I think, from government.
We have to raise the minimum wage.
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.
The national minimum wage has not been increased in 9 years. By year's end, 21 States across America will have a minimum wage exceeding the Federal minimum wage.
I do not support raising the minimum wage, and the reason is as follows. When the minimum wage is raised, workers are priced out of the market. That is the economic reality that seems, at least so far, to be missing from this discussion.
Raising the minimum wage isn't just pro-worker; it's pro-economic growth.
We took the position we wanted our people to be better than minimum wage, so we're going to pay better than minimum wage, and we still do that.
Today, the Federal minimum wage purchases less than it has at any point in the last 50 years. Let me repeat: The Federal minimum wage purchases less than it has at any point in the last 50 years.
Raising the minimum wage seems to all economists to, at the very least, fail to 'raise' employment, and we'd all like to see better inclusion of low-skilled workers into good-paying jobs.
It has now been over 7 years since Congress last raised the minimum wage to its current level of $5.15 per hour. Since that last increase, Congress's failure to adjust the wage for inflation has reduced the purchasing power of the minimum wage to record low levels.
No opposing quotes found.