Robert Reich's Blog: Tenth Anniversary of Minimum-Wage Hike. Democrats Should Do it Again.: Message to Democrats: It's time to do it again. Current estimates are that 12 million Americans are at the federal minimum wage (now $5.15 an hour). Almost all the 1996 increase has been eroded by inflation. Democrats should propose increasing it to at least $7 an hour. Force Republicans to vote on it. If they refuse to, or they vote it down, make it a big issue in the fall campaign.
Contrast the plight of America's 30-million working poor with the fortunes of America's CEOs. The CEO of Exxon-Mobile just raked in over $400 million for his efforts last year. Assuming he worked a normal work week (not counting time on the golf course with members of his compensation committee), he got about $200,000 an hour....
In 1996, Republicans predicted that the raise from $4.25 to $5.15 would result in millions of job losses. But in fact, about 13 million new jobs were added to the American economy between 1996 and 2000. Earth to Congressional Democrats: Now's the time. Tenth anniversary. All the gain then now lost to inflation. 85 percent of Americans favor it. Mid-term election in the fall. It's a no-brainer.
Remember from October 13, 2004, when George W. Bush claimed to be in favor of raising the minimum wage?
washingtonpost.com: Third Presidential Debate -- President Bush and Sen. John Kerry: BUSH: Actually, Mitch McConnell had a minimum-wage plan that I supported that would have increased the minimum wage...
Note that he had to specify: McConnell's plan was to increase and not decrease the minimum wage.
Impeach George W. Bush. Impeach him now.