What Millionaire Is Behind the Cynical Campaign to Keep the Minimum Wage Down?

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Raise the minimum wage? Psshh, let’s lower it.

Arguments against raising the minimum wage are getting sillier and sillier. Recently Steve Forbes, who is worth $430 million, said raising the minimum wage is a “job killer” and wants us to hear the hardship stories of employers in hopes that the American people will be persuaded against a much-needed raise.

We’re much smarter than that. It’s obvious that the wealthiest people in America have sucked up all the pay raises, writes AFL-CIO President Richard Trumka in a column in The Guardian. “Since 1997, all income growth has gone to the wealthiest 10%. Most of those increases have gone to the richest 1%.”

A recent national survey conducted for the National Employment Law Project (NELP), by Hart Research Associates, finds just 25% buy the claim that raising America’s wage floor so working people can live in decency costs jobs.

Trumka writes:

And the public would be right. Recent respected academic research has determined that raising the minimum wage does not result in job loss—even during bad economic times. Forbes, a two-time unsuccessful Republican presidential candidate, is on the wrong side of the public in more ways than one. The NELP-commissioned survey shows that 80% of the public—including 62% of those in Forbes’ own party—supports raising the minimum wage to $10.10 an hour and adjusting it for inflation in the future, as President Obama and congressional Democrats propose.

Read the rest of Millionaire Steve Forbes Has a Cynical Campaign to Keep Working People Down in The Guardian. 

Photo by Gage Skidmore on Flickr

Reposted from AFL-CIO NOW

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