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 Minimum Wage  
Item submitted by Unregistered on Sun 11 Jul 2004 - 20:00 h  
The Good Shepherd Sisters' National Advocacy Center reports:

"On April 29th, Senator Edward Kennedy (D-MA) and Representative George Miller (D-CA) introduced the Fair Minimum Wage Act of 2004 (S. 2370/H.R. 4256). This legislation would raise the federal minimum wage from $5.15 to $7.00 per hour over a two year period and follows many previous attempts by Senator Kennedy and others to pass an increase. The bill currently has 26 co-sponsors, though it remains unlikely that the Senate leadership will allow consideration of it this year. However, Senator Kennedy has announced plans to offer the bill as an amendment to other legislation as soon as possible."

Why should we increase it?

"The current minimum of $5.15 per hour provides only $10,712 per year in income for a full time (40 hours per week), year round worker – nearly $5,000 below the federal poverty guideline for a family of three."

Keeping in mind:
"Contrary to the stereotype of the minimum wage worker as a teenager working at a fast-food restaurant, more than two-thirds of those affected by an increase in the minimum wage are adult workers age 20 and over. In addition, despite claims from opponents of an increase that raising the minimum wage will hurt businesses and cause job losses, studies following previous increases have found no such detrimental effects. Rather, newer economic models suggest that when workers earn higher wages, businesses frequently experience less labor force turnover, lower training costs, and better motivated workers. Moreover, increasing the minimum wage adds to the purchasing power of low-income families who are more likely to spend additional earnings on necessary good and services, putting their increased earnings right back into the economy."

And NETWORK reminds us:
"Within its Catholic social justice tradition
 
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