Washington Post: Time to fight for a minimum wage increase
Column By Katrina vanden Heuvel
Washington Post, May 29, 2012
The federal minimum wage is now $7.25 cents an hour, about $15,080 for a full time, year round worker. At that level, it means poverty wages for a family of three, and weakened demand for the economy. As Cardinal Timothy M. Dolan and New York’s bishops concluded, this leaves workers “on the brink of homelessness, with not enough in their paychecks to pay for the most basic of necessities, like food, medicine or clothing for their children.” ...
The Economic Policy Institute (EPI) estimates that the...