Tag Archives: $7.25

A Higher Minimum Wage WILL Help the People It is Intended to Help

by David Kotz

Whenever someone proposes a measure to benefit working people, the establishment has the same reply: “That would only hurt the very people you are trying to help.” This applies to proposals to raise the minimum wage, now just $7.25 an hour at the federal level. Of course, the opposition of the rich and powerful to a higher minimum wage could not be because it would redirect part of the profits to hard-working, low-wage workers. No, they insist that raising the minimum wage would only cause low-wage workers to lose their jobs. When rich folks tell such tales, there is reason to be skeptical. Read more