In collaboration with MoveOn.Org, former Labor Secretary Robert Reich is launching a series of video presentations called The Big Picture: 10 Ideas To Save The Economy.

Idea #1 – The $15 Minimum Wage

In the big picture, if the minimum wage in 1968 had simply kept up with inflation, it would be more than $10 today. If it also kept up with the added productivity of American workers since then, it would be more than $21 an hour today.

And, when we put money in the pockets of the adult bread winners who make up the majority of minimum wage workers, they turn around and spend it, which creates demand and jobs for all of us. It’s a virtuous cycle.

— Robert Reich

%d bloggers like this: