February72012
Mitt Romney’s position on the minimum wage has some on the right sounding the alarm about his candidacy—and it could expose a dangerous fault line between Romney and some of the Republican Party’s most reliable backers.
Romney said last week that he supports regular increases in the minimum wage to keep pace with inflation, a position he took as a candidate for president in 2008. Six years before that, as a candidate for Massachusetts governor, Romney supported linking automatic increases in the state’s minimum wage to inflation. “I haven’t changed my thoughts on that,” he told reporters.
Indexing the minimum wage to inflation is a goal of many labor-backed groups and liberal Democrats, who say it would help millions of working people. In recent years, Republicans, backed by their allies in the business community, have opposed such efforts, arguing that raising the minimum wage would reduce employment. Some on the right have come out against the very concept of a minimum wage.
Romney’s comments have caused concern among conservatives inside and outside the party.
“It goes to show he’s still very defensive about his own wealth,” Steve Forbes, the publishing magnate who made his own bids for the presidency in 1996 and 2000, told Yahoo News. “All it does is give the base another reason to be unenthusiastic about him.”
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The federal minimum wage, first enacted in 1938, was last raised in 2007, when Democrats controlled Congress. […]
January22012
The business community is screaming that the higher wages will “cost jobs,” but the data suggest otherwise.
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October62011
The “Make Work Pay: Why Empowering Workers & Holding CEO’s Accounable is Vital to Economic Growth” workshop at next weeks Take Back the American Dream conference, will examine why America can’t afford to go the way of Texas on jobs.
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As I wrote almost a year ago, conservative think you (and I) need a pay cut.
The underlying factors remain the same. At the time, the GOP had the minimum wage in its crosshairs, but middle- and working-class Americans were already taking a pay cut in the form of unpaid furloughs and reduced working hours. The decades preceding the 2008 economic crisis saw working-class wages stagnate while the incomes rose for the wealthiest. The stagnation and decline in middle- and working-class wages paralleled the decline of organized labor. Increased productivity, added to the mix, means that Americans who still have jobs are working harder for less. Fewer of them are quitting their jobs, even if they’re dissatisfied with their jobs cause And in a “no-quit economy,” it’s pretty much true.
The past few years have born more evidence that a American workers, already weakened by decades, are bearing the brunt of the recession.
But perhaps the biggest price tag on low-wage jobs creation is the potential for a “lost decade” of economic growth. Fewer people working means fewer people purchasing goods and services, leading to a drop in demand, which leads to further job loss. Two reports. It’s simple enough, but Republicans swear that lowering wages — like Michele Bachmann, who advocates doing away with the minimum wage in order to “offer jobs at whatever level” — will reduce unemployment to nil.
(Source: sarahlee310, via reagan-was-a-horrible-president)