Today Is the Anniversary of the Last Time the Minimum Wage Was Raised07/24/12 Robert Lorei
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Good morning, welcome to Radioactivity. I'm Rob Lorei. On the first part of today's program we'll talk about the minimum wage. Today (July 24) is the anniversary of the last federal minimum wage increase to $7.25 in 2009. The minimum had been increased on July 24 on 2007, 2008 and 2009 and not since. Senator Tom Harkin of Iowa and Rep. George Miller of California have proposed raising the minimum wage to $9.80 by 2014 in three annual steps and then adjusting it for inflation.
An AP survey finds: "The ranks of America's poor are on track to climb to levels unseen in nearly half a century, erasing gains from the war on poverty in the 1960s amid a weak economy and fraying government safety net."
Our first guest is Holly Sklar who is Director of Business for a Fair Minimum Wage and co-author of "Raise The Floor: Wages and Policies That Work For All Of Us," Sklar says: "With the federal minimum wage stuck at $7.25 an hour â€“ just $15,080 a year -- since 2009, workers now have less buying power than they did in 1997 at the start of the longest period in history without a raise." She joins us live by phone.