Tag Archives: Minimum wage

Seattle’s $15 Minimum Wage Agreement: Collective Bargaining Reborn?

Seattle’s $15 Minimum Wage Agreement: Collective Bargaining Reborn?
Seattle’s plan sets a template not just for minimum-wage levels, but for collective bargaining more generally. At a time when collective bargaining has all but vanished from the private-sector economy—just 6.7 percent of private-sector workers are union members—Seattle has charted a new path to raise wages for workers, whether union members or, mainly, non-members. The process of getting to $15 has been every bit as groundbreaking as the $15 ... Read more

40% Of US Workers Now Earn Less Than 1968 Minimum Wage

40% Of US Workers Now Earn Less Than 1968 Minimum Wage
Are American workers paid enough? That is a topic that is endlessly debated all across this great land of ours. Unfortunately, what pretty much everyone can agree on is that American workers are not making as much as they used to after you account for inflation. Back in 1968, the minimum wage in the United States was $1.60 an hour. That sounds very small, but after you account for inflation a very different picture emerges. Using the ... Read more

The End of Jobs?

The End of Jobs?
The subject of a universal basic income is coming up a lot these days; former Labor Secretary Robert Reich endorsed it last week in a talk at San Francisco State University, calling it “almost inevitable” in the face of technologically-induced job loss. A basic income would serve as something more than a safety net in troubled times—it would be a firm line below which no one, employed or unemployed, skilled or unskilled, could fall. Perhaps ... Read more

Wall Street Bonuses and the Minimum Wage

Wall Street Bonuses and the Minimum Wage
Wall Street banks handed out $26.7 billion in bonuses to their 165,200 employees last year. That amount would be enough to more than double the pay for all 1,085,000 Americans who work full-time at the current federal minimum wage of $7.25 per hour. Purveyors of luxury goods always welcome the Wall Street bonus season, but a raise in the minimum wage would give America’s economy a much greater boost. To meet basic needs, low-wage workers ... Read more

High Minimum Wage Equals Jobs Growth

High Minimum Wage Equals Jobs Growth
When Washington residents voted in 1998 to raise the state’s minimum wage and link it to the cost of living, opponents warned the measure would be a job-killer. The prediction hasn’t been borne out. In the 15 years that followed, the state’s minimum wage climbed to $9.32 -- the highest in the country. Meanwhile job growth continued at an average 0.8 percent annual pace, 0.3 percentage point above the national rate. Payrolls at Washington’s ... Read more