Sen. Charles Schumer (D-NY) 9% predicted that within six months, Republicans would cave on raising the minimum wage to $10.10 per hour from the current $7.25 per hour.
This week, the Senate will vote on the Minimum Wage Fairness Act (S.2223), a bill that would increase the federally mandated minimum wage to an unprecedented $10.10 per hour (from $7.25) by early 2016.
The proposed increase in the minimum wage would harm the very same workers it is intended to help by discouraging employers from hiring new, entry-level workers. The nonpartisan Congressional Budget Office indicated in a February report the increase would result in the loss of 500,000 jobs.
In an already weak economy, this legislation, which is based on faulty arguments, would make it more difficult for Americans to find jobs that give them the skills necessary to climb the economic ladder.
Email your Senator using POPVOX to oppose S. 2223, the Minimum Wage Fairness Act.
In my Daily Caller column this week, I argue Sen. Harry Reid (D-NV) 13% has been dragging out the idea of a minimum wage increase for political reasons in an election year, not to mention the harm such a proposal would inflict on low-wage workers:
For the better part of 2014, he has drawn out a promise to have a vote in the Senate on increasing the federally mandated minimum wage from $7.25 to $10.10 per hour. The long awaited move is supposedly coming next week.
As one marketing consultant puts it, “whatever the good news, “talking it up” in advance creates the anticipation you need to attract media attention, capture buyers imaginations, and even interest investors.”
For the past several weeks, many Democrats up for reelection have been promoting legislation that would extend emergency unemployment benefits, increase the minimum wage, and demand equal pay for women. As the Washington Post recently put it, Democrats “have declared themselves the party that will ensure a “fair shot” for all.” Branding themselves as the party of “fairness” will help them avoid another midterm election like 2010, or so their thinking goes.
But are nice sounding slogans really what America care’s about, or should constituents consider a bit more?
Advocates of increasing the federal minimum wage argue a minimum wage increase would result in fewer people relying on food stamps and other federal welfare programs. The evidence suggests otherwise, but there are many examples recently of pundits and economists arguing for a minimum wage increase nonetheless.
The Associated Press reports an increasing number of food stamp recipients are working-age Americans, rather than children and the elderly, as was historically the case. AP notes some economists have thought about a minimum wage increase as a means of helping these working-age Americans become independent of federal welfare programs:
President Barack Obama’s State of the Union address Tuesday night is expected to focus in part on reducing income inequality, such as by raising the federal minimum wage.