Raising the Minimum Wage: A Sure Path to Economic Health

Sunday, 05 August 2012 00:00  
By Dick Meister, Dick Meister's Blog | Op-Ed 


It's way past time to raise the pitifully low federal minimum wage. That would provide badly needed help to the millions who are living in poverty or near-poverty at the current rate of $7.25 an hour, and would help all Americans by stimulating the sagging economy.

Democratic Sen. Tom Harkin of Iowa and Democratic Rep. Jesse Jackson Jr. of Illinois are carrying bills that would set a new minimum of $10 an hour. They're pressing hard – as they very well should – to get the general public and their allies in Congress to fully appreciate the widespread good that would come from helping some of the country's neediest workers.
"We've bailed out banks, we've bailed out corporations, we've bailed out Wall Street, we've tried to create sound fundamentals in the economy," Jackson noted. "Now it's time to bail out working people who work hard every day and still make only $7.25. The only way to do that is to raise the minimum wage."