Tuesday Talk: Minimum Wage: Is $9.50 enough?
Raising the minimum wage is good for workers and good for the economy. It will provide low-wage Minnesotans with purchasing power to boost main street and major retail businesses. Yet, the business, retail, and restaurant lobbies have fought this hard. They tend to speak for the nation's largest corporations, not our state's small business interests. We can't afford to let big business put our state on a race to the bottom in wages and compensation so that they can take home even bigger profits.
This morning, John Clay from the Jobs Now Coalition will join us from 8 to 9:30 to dispel the myths about the minimum wage, and explain why raising the wage is important for our workforce and economy.
The broader coalition, which Minnesota 2020 and Jobs Now are participants in, is asking the full legislature to adopt a state House policy that raises the wage to $9.50 an hour, up from $7.25.
Many, however, don't think that's enough. Had the wage kept pace with inflation, the rate would be above $10.
How about you? Should we set a higher minimum wage?
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