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xchrom

(108,903 posts)
Mon Feb 27, 2012, 11:45 AM Feb 2012

Despite Fierce Opposition, IA, CT, NJ, NY are All Attempting to Raise the Minimum Wage

http://wepartypatriots.com/wp/2012/02/27/despite-fierce-opposition-ia-ct-nj-ny-are-all-attempting-to-raise-the-minimum-wage/

As states like Connecticut, Iowa, New Jersey, and New York are looking to raise the minimum wage, they are meeting opposition from well-funded political groups who seek to increase corporate profit. Despite the swath of misinformation painting the minimum wage is a “job killer,” John Stoher of The American Prospect points out that the minimum wage is not even growing at the speed of inflation:

The federal minimum for an hourly wage was $3.35 in 1982 and now it’s $7.25, up 120 percent. Inflation, meanwhile, has climbed during that period by 135 percent.

Surveys find that nearly two-thirds of Americans want the minimum wage to be at least 10 dollars. Historically, raises in the minimum wage never lead to unemployment and small businesses are not be affected. So where does such fierce opposition to it come from? Enter the Economic Policies Institute, a corporate-backed spreader of misinformation and propaganda that rakes in the money every time the minimum wage issue enters the political debate (this is not to be confused with the Economic Policy Institute, a think tank we often cite as legitimate).

John Stoher looked at the corporate spin machine that is the Economic Policies Institute in his article:

'One of the most active in the propaganda industry has been the Employment Policies Institute, a so-called think-tank in Washington that serves as a front for Richard Berman & Co., a lobbying firm for major corporations in the fast-food, alcohol, and tobacco industries. The Employment Policies Institute studies essentially say: Raising the minimum wage hurts minimum-wage earners. We know, we know. That sounds counter-intuitive, but trust us. We’re the experts.

Recently, New York City Mayor Michael Bloomberg and State Assembly Speaker Sheldon Silver co-authored an op-ed in the New York Daily News making the demand-side case that New York City is expensive to live in and that minimum wage has not kept pace with inflation.'
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