Thursday, July 26, 2012

The Bottom Of The 99%

Hardworking Americans should not be living in poverty - CNN.com
...Neither facts nor common sense support a federal minimum wage stuck at $7.25. It wasn't low-wage workers who crashed the economy. It was not a raise for these workers, but rather an unquenchable thirst for profit, that led to Wall Street's disastrous game of financial Russian roulette. Why, then, should low-wage workers pay the price?

How high must profits go before a modest wage increase isn't raised as a specter of impending corporate doom? It's easy to exploit such fears in this economic climate, but these tired old canards -- trotted out in every minimum wage fight -- are just an excuse for political inaction and continued corporate greed.

The bottom line is that people who work for a living put their money right back into our economy. What business in this country needs right now is customers and too many hardworking Americans aren't making enough money to get by. If we raise the federal minimum wage and demand the 1% pay their fair share to reduce income inequality, we will boost our economy, help small business grow and create jobs.

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