Mar 15, 2013
VOTE ALERT: House Republicans Just Rejected Minimum Wage Increase
House Republicans just rejected a commonsense measure to increase the minimum wage.
Working families have gone without an increase in the minimum wage since 2009, and according to a Pew Research/USA Today poll last month, 71 percent of Americans favor increasing the minimum wage. The latest Census Bureau numbers show that income rose for the top fifth of American households last year while median income fell to a level that is 8 percent lower than pre-recession levels.
“In our country, it’s not right when men and women work hard at a full-time job and can’t earn enough to make ends meet or support their families, but House Republicans would rather chose Tea Party ideology than help hardworking families,” said Emily Bittner of the Democratic Congressional Campaign Committee. “The American people work hard and play by the rules but they’re getting squeezed by higher prices and lower earnings – and now House Republicans just said no to a commonsense way to put more money in their pockets: raise the minimum wage.”
House Republicans Voted Against Increasing the Minimum Wage from $7.25 to $10.10 Over Three Years. Upon enactment, the measure would have increased the federal minimum wage from $7.25 to $8.20 within three months. A year from this date, the federal minimum wage would increase from $8.20 to $9.15. A year from this date, the federal minimum wage would increase to $10.10. [HR 803, Vote #74, 3/15/13]
Raising the Minimum Wage Would Benefit as Many as 30 Million Americans. According to the Economic Policy Institute, “Increasing the federal minimum wage to $10.10 by July 1, 2015, would raise the wages of about 30 million workers, who would receive over $51 billion in additional wages over the phase-in period.” [Economic Policy Institute, 3/13/13]
- Raising the Minimum Wage to $10.10 Would Generate 140,000 Net New Jobs. According to the Economic Policy Institute, “Across the phase-in period of the minimum-wage increase, GDP would increase by roughly $32.6 billion, resulting in the creation of approximately 140,000 net new jobs (and 284,000 job years) over that period.” [Economic Policy Institute, 3/13/13]
Wealthiest Get Richer While Middle Class Income Shrinks, according to Census Bureau. “Income for the top fifth of American households rose by 1.6 percent last year...All households in the middle of the scale saw declines...The numbers helped drive an overall decline in income for the typical American family. Median household income after inflation fell to $50,054, a level that was 8 percent lower than in 2007, the year before the recession took hold.” [New York Times, 9/12/12]