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A long-overdue raise for millions
By A TIMES EDITORIAL
Published May 29, 2007
Ten years is a long wait for a bit more pocket change per hour, but Americans who make the minimum wage are getting a long-overdue raise. Congress has approved a plan that will add $2.10 per hour to the federal minimum wage during the next two years, with workers seeing a 70-cent increase this summer. By 2009, all employees will earn at least $7.25 an hour. It's about time. The increase, the first since a 40-cent boost in 1997, ends the longest spell between raises in the 69-year history of the minimum wage. It also moves past years of partisan squabbling over the reasonable cost of boosting the paychecks of an estimated 5.6-million workers, many of whom are single parents or minorities. While Florida's minimum wage tracks the Consumer Price Index and rose 30 cents this year to $6.67 per hour, federal legislation provides assurance that future increases are on the horizon for workers nationwide. The jump also could mean that employers might give a boost to workers who earn just above the bottom wage to remain competitive. To soften the impact on employers, Congress was offering a $4.84- billion tax break to small businesses to help cover the cost of higher salaries. For years, Congress has let inflation shrink the buying power of the minimum wage. The latest increase finally had to be attached to President Bush's war funding request, but how it was passed is less important than the result and what it will mean for low-wage workers.
[Last modified May 28, 2007, 21:53:24]
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by Wade
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05/30/07 02:53 AM
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Steph, JB is right. You just need to study economics. But I don't think you want to know the truth, but would rather mouth mindless platitudes much as the editorial writer has done. But the ignorant outnumber to savvy, so I doubt much will change.
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by John
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05/29/07 07:57 PM
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I know if I was still running my restaurant, I would be raising prices soon too.
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by Daniel
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05/29/07 05:17 PM
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Steph must be under the age of 23 and have no dependents just like 60% of people earning minimum wage. In fact most of these are claimed as dependents by someone else (means they live with mom and dad). Sure am glad THEY got a raise!
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by steph
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05/29/07 03:12 PM
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JB must've never been poor- many people work hard and deserve to be paid- alot of people are paid too much (namely, the owners and ceos of the companies who pay such low wages)- sorry if JB's lexus would have to go without a detailing or two.
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by JB
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05/29/07 09:08 AM
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Anyone who understands basic economics knows that raising the minimum wage is counter-productive: min wage increase = cost of goods increase = decrease in the value of the dollar. This is not good and it puts more of a squeeze on the middle class.
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