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Raise the minimum wage!
It’s a great idea, one I’ve espoused on these very pages. The President suggested raising the federal minimum from its current level of $7.25 up to $9 by 2015 and then index it to inflation. An increase of that magnitude would directly lift the wages of 15 million low-wage workers, according to the WH.
Clearly, in an economy where for decades growth has failed to reach our lowest wage workers, it’s time to raise the wage floor to ensure that low-wage workers have a decent shot at a fair wage.
From the WH fact sheet:
