Economy

Is the Minimum Wage Argument the New Democratic Golden Ticket?

Is the Minimum Wage Argument the New Democratic Golden Ticket?
A minimum wage increase is enjoying broad support across the board among voters. Democrats are currently championing the cause and are in position for a major political victory if the legislation passes. Interestingly, research shows that voter turnout dramatically increases when the minimum wage is part of a ballot initiative.
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40% of Americans Now Make Less Than 1968 Minimum Wage

40% of Americans Now Make Less Than 1968 Minimum Wage
The average American’s living standard would be much, much higher today if wages had not decoupled from productivity gains – with the gains all going to the 1 percent instead of being shared by workers. If wages had kept pace we wouldn’t feel the terrible squeeze that everyone in the middle class is feeling.
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How Putting Minimum Wage Increases on the Ballot Increases Progressive Voter Turnout

How Putting Minimum Wage Increases on the Ballot Increases Progressive Voter Turnout
If Republicans stop a wage hike at the federal level, they may be welcoming a barrage of minimum wage ballot initiatives that not only would allow states to forge ahead on their own, but also would increase progressive voter turnout.
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The Minimum Wage Would Be $21.72 an Hour if it Rose with Productivity Since 1968

The Minimum Wage Would Be $21.72 an Hour if it Rose with Productivity Since 1968
The Center for Economic and Policy Research’s John Dewitt looked at what the minimum wage would be if it simply rose with productivity since 1968, and found that it would be almost 3 times what it is now.
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Rich Are Getting Richer and It’s Hurting Social Security’s Finances

Rich Are Getting Richer and It’s Hurting Social Security’s Finances
The unprecedented upward distribution of income to the already rich over the past three decades has caused a conundrum for Social Security’s finances.
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Social Security 'Fraying' From Neglect

Social Security 'Fraying' From Neglect
Outgoing Social Security Commissioner Michael J. Astrue has some parting shots for Congress, the White House and advocates for seniors. They have all "really walked away from Social Security," he says, leaving the program "fraying because of inattention to its problems."
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Another Woman: Obama Picks Mary Jo White for SEC Chair

Another Woman: Obama Picks Mary Jo White for SEC Chair
President Obama nominates Richard Cordray to continue as head of the Consumer Financial Protection Bureau and Mary Jo White as Chair of the Securities and Exchange Commission (SEC).
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$57 Trillion Needed by 2030 to Fix Failing World Infrastructure

$57 Trillion Needed by 2030 to Fix Failing World Infrastructure
The American Society of Civil Engineers (ASCE) gives our nation’s infrastructure a grade of “D” and says the United States alone needs to spend $2.2 trillion over the next five years to get infrastructure back on track.
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Ending Corporate Tax Dodging Would Cut Deficit By Twice As Much As Hiking Medicare Age

Ending Corporate Tax Dodging Would Cut Deficit By Twice As Much As Hiking Medicare Age
Earlier this month, the Congressional Budget Office said we could raise $114 billion over ten years — twice as much as raising the Medicare age — by limiting corporate tax deferrals.
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Oh Great, More CEOs Telling Us We Need to Cut Social Security and Medicare

Oh Great, More CEOs Telling Us We Need to Cut Social Security and Medicare
Someone needs to tell these CEOs 8.9 percent of American seniors already live in poverty, while 5.4 percent are on the edge. The average Social Security recipient collects $1,164 per month.
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