‘Toiling On The Bottom Rungs Of The Ladder:’ Why The Right Should Support Boosting The Minimum Wage, Too

Why raise the minimum wage? Because it would be an “economic stimulus package… entirely funded by the private sector.”

mykeystrokes.com

I’ve heard a lot of goofy arguments against raising the federal minimum wage. The silliest goes like this: “You want to raise the minimum wage to $15? Why not $50? Why not $100?”

Of course, that’s not a real argument. Yet I hear it a lot, which means it probably originates somewhere in the nation’s vast menagerie of conservative talk-show hosts.

The answer, if this pseudo-argument deserves one, is that $15 is at least where the current minimum hourly wage of $7.25 would be if it had kept up with worker productivity since the 1960s, according to various experts.

For example, the liberal-leaning Economic Policy Institute estimates that, if the minimum wage had kept pace with productivity growth since 1968, as it did for the two decades before, it would now be $18.67 per hour. Ah, the good old days.

That figure makes President Barack Obama’s request for a raise…

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