The Democratic party is thought of as the party of the working people and a Democrat president should be the president of the people. President Obama promised an increase of the minimum wage to $9.50 per hour in his 2008 campaign. There has been no increase even proposed yet and now his promise is for $9.00 per hour. Why is it that both Democrats and Republicans say that the minimum wage should be increased but nothing happens?
Some Republicans say that a higher minimum wage would kill jobs but, at a Senate Labor Committee hearing last month, Sen. Elizabeth Warren (D., Mass.) noted that had the minimum wage increased in proportion to worker productivity since 1960, it would stand today at $22 per hour. Democrats, almost to a person, say the minimum wage needs to be increased. Where is the roadblock for this issue?
According to a story in the Wall Street Journal ( http://finance.yahoo.com/news/americas-miserly-minimum-wage-needs-235000419.html?l=1 ) , “America’s highest-paid CEO last year, John Hammergren of McKesson Corp., received compensation of over $131 million. That is the equivalent of about $63,000 per hour, or $10,000 more than the annual median household income in the United States. Meanwhile, some of this country’s lowest-paid workers—those on minimum wage—made just $15,080 annually at $7.25 per hour. Mr. Hammergren had surpassed that amount by 9:15 a.m. on his first workday of the year.
It is long past time for minimum-wage workers to receive a raise. Had the federal minimum wage just kept pace with inflation since 1968, it would stand today at $10.67 per hour, not $7.25.
President Obama finally broke his four-year silence on this issue by calling for a minimum-wage increase in this year’s State of the Union address. But he advocated a federal rate of $9.00 per hour by 2016—well short of the $9.50 by 2011 he promised while campaigning in 2008, and far from catching up with 1968. ”
I suppose it would be hard to pay the CEO $131 million if the lowest paid workers were getting $10 an hour. Do the greed driven, daddy megabucks, CEO’s absolutely control the government? It seems we have lost even the pretense of support for the working person in Washington. We now have the party of the rich and the other party of the rich.
I would like to see every private citizen of this country write to their senators and representatives demanding that they recognize the needs of the ordinary citizen. The multimillionaires don’t need protection; the poor and vulnerable do.