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While Congress Did Nothing, Minimum Wage Fell Another 3 Cents in May 2014

When the U.S. Congress does nothing about the minimum wage, it cuts the minimum wage.

That statement may seem paradoxical, but it isn’t if you keep in mind the difference between nominal wages and real wages. The word “nominal” is just an adjective used to mean “the name of something,” and so a “nominal dollar” [...]

Quid Dold Dow

May 2012 — before losing his congressional seat, Republican Bob Dold introduces seven bills that if passed would have directly benefitted the Dow Chemical corporation by eliminating import duties for substances Dow Chemical uses in the United States but produces on the cheap overseas with underpaid third-world workers. The bills, and the chemicals on which [...]

U.S. Minimum Wage Drops Another 3 cents/hour in April 2014

The Fair Minimum Wage Act before Congress (House|Senate) is a bill that would increase the minimum wage from its current $7.25/hour to $10.10/hour over the next two years. After that point, the minimum wage would automatically increase to keep pace with inflation — the tendency of currency to be worth less as time passes. I [...]

Another Year of Dithering, Another Year of Real Minimum Wage Cuts

Last March, I wrote about two bills before the U.S. Congress – H.R. 1010 in the House and S. 460 in the Senate. Together, these bills are known as the Fair Minimum Wage Act, and if passed they would increase the minimum wage from its current $7.25/hour to $10.10/hour over the next two years. After [...]

Would You to Hear This Voice on the Minimum Wage in the U.S. Senate?

Is this the sort of voice on the minimum wage that you’d like to hear coming from the U.S. Senate?

It’s the voice of Shenna Bellows, running for U.S. Senate in Maine against incumbent Republican politician Susan Collins.

S. 460 is a bill in the Senate that would increase the minimum wage to $10.10 [...]

McDonalds Advises its Workers: Get a Second Job and don’t buy Food or our Health Insurance

As Brendan Kiley notes, McDonalds has created a special budgeting guide for its employees. Here’s just one page from the guide:

Kiley has noticed that there isn’t any spot for food in McDonalds’ sample budget for its employees, that heat won’t be a necessity either, but that a second job will be necessary. Why? [...]

We Can't Survive On $7.25!

On average, CEOs of fast food restaurant chains make $25,000 every day. That’s more than twice what fast food workers who are given New York state’s minimum wage make in an entire year. In the same time that CEOs make $25,000, workers in their restaurants bring in just $56.

Fast Food Forward is paying attention. [...]

While Congress Dithers, Minimum Wage Drops 8 Cents in Two Months

The Fair Minimum Wage Act of 2013 (H.R. 1010 in the House and S. 460 in the Senate) is a bill that would increase the minimum wage from its current $7.25/hour to $10.10/hour over the next two years. After that point, the minimum wage would automatically increase to keep pace with inflation — the tendency [...]

Minimum Wage vs. CEO Pay Puts State of the Union in Context

In his 2013 State of the Union address, President Barack Obama called for a restoration in the minimum wage and a change to make it keep pace with inflation:

“We know our economy is stronger when we reward an honest day’s work with honest wages. But today, a full-time worker making the minimum wage earns [...]

Protest To Raise Restaurant Minimum Wage of 2.13 In DC Today

On a protest to raise the $2.13 minimum wage in restaurants and on efforts to oppose the Colombia Free Trade Agreement. [...]

Centrist? Billionaire Michael Bloomberg Says a Living Wage for Workers is Downright Soviet

When groups like Americans Elect refer to the “sensible center” while drawing up lists of names of acceptable presidential contenders — names like Evan Bayh, Erskine Bowles, Tim Pawlenty, Mitch Daniels, David Walker and Michael Bloomberg — they’re appealing to the idea that these are typical people, reasonable, sensible people holding typical ideas, reasonable, sensible [...]