Thursday, February 14, 2013

3 out of 4 Americans want minimum wage raised to $10 an hour

A poll by Lake Research Partners shows that 73 percent of Americans surveyed want the minimum wage raised to $10 by 2014, including 50 percent of Republicans.

Currently the federal minimum wage is poverty pay of $7.25 (though it's higher in many states).

Sadly, the minimum wage probably won't be raised soon. President Obama said in 2008 he wanted to raise the minimum wage to $9.50 by 2011. He no longer has a majority in the House of Representatives, and key Republicans say they'll block it.

Premium-wine enthusiast Paul Ryan says raising the poverty wage would stifle job creation. Let's be honest: Paul Ryan doesn't give a rat's ass about job creation. Even if he did, he'd be wrong.

Study after study shows raising the minimum wage has no impact on employment.  The Center for Economic and Policy Research found "no impact."A Berkeley study found "no detectable employment losses."

And one study showed raising the minimum wages increases employment. David Card and Andrew Krueger found that New Jersey created jobs in 1992 by raising the minimum wage to $5.05.