Today marks the increase of the minimum wage to
$7.25 as the last step in a legislation devised by Congress that has seen two previous raises: from $5.15 to $5.85/hr in 2007, then to $6.55 last year. Though higher salaries are badly needed, especially for workers in the lowest-paying jobs, the raise fails to address the myriad labor problems that create economic insecurity.
From the NYTimes:
People of color, who suffer from historical inequalities that exacerbate this "downward pull", are left in an even more vulnerable position.
Read the full NYT article here.
From the NYTimes:
With the latest increase, the minimum wage is still no higher now, after inflation, than it was in the early 1980s, and it is 17 percent lower than its peak in 1968. That means that no matter how hard they work, many low-wage workers keep falling behind. The latest increase will slow the decline in living standards, but it doesn't reverse the overall downward pull.
Even that understates the broader dimensions of the problem.
People of color, who suffer from historical inequalities that exacerbate this "downward pull", are left in an even more vulnerable position.
Read the full NYT article here.