WASHINGTON -- In 2008, then-President-elect Barack Obama made an ambitious pledge as part of his agenda to fight poverty, one he claimed would help "make work pay for all Americans" in an era of widening economic inequality: By the end of 2011, he would raise the federal minimum wage to $9.50 an hour and index it to inflation, "to make sure that full-time workers can earn a living wage," as his transition team's website put it.
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It's a wonder all of the typical minimum wage jobs have gone to India and all the crap we buy is from China. It will only get worse. Companies will not take these losses. They will send jobs overseas or pass the debt to the consumer.
ReplyDeleteHe must be to busy trying to return from his vacation yet again to worry abou this. "Minimum wage, ha, I will take care of that after the next election".
ReplyDelete