2. The minimum wage would be $10.55 if it had increased with the rate of inflation. Only 10 states actually had the decency to increase their state minimum wage to keep up with the cost of living.
3. 26 percent of our workforce or 35 million Americans earn less than $10.55/hour. Unfortunately, these workers are more likely to be women or people of color.
4. 76% of the workers earning the current minimum wage of $7.25 or near it are adults 20 or over.
5. For tipped workers, like restaurant servers, carwash attendants and nail salon workers, the minimum wage has been $2.13 for more than 20 years without a single raise!
6. While the minimum wage has barely seen an increase over the past 30 years, CEO pay has increased by a whopping 725% during that same period.
7. It is estimated that a minimum wage increase of 85 cents a year for three years would generate more than $25 billion in new consumer spending, something that is greatly needed in this economy.
8. According to the Bureau of Labor Statistics, seven of the top ten growth occupations for the next decade are low-wage jobs, all the more reason to pay workers a decent wage
9. Research over the past 15 years has shown that increasing the wages of low-income workers does not correlate with reducing the level of employment.
10. It’s the morally right thing to do!
It’s time we started looking out for our neighbors. Everyone deserves to be paid a decent wage, and minimum wage workers are long over due for a raise. Instead of creating more tax breaks for the wealthy or bickering about the debt ceiling, Congress should get to work helping Americans immediately by voting to increase the rate of the federal minimum wage.
Join us on Tuesday, July 24th at 4PM to demand that Congress raise the minimum wage to get our vote in November. We need politicians that are on our side, not the 1%’s!
- National Employment Law Project