The easiest and quickest way to boost the economy is to increase the minimum wage. A higher minimum wage upgrades the pay scale for most working people. When lower and middle-wage earners have more money to spend, they buy things. This in turn, spurs an economy that is based on selling products and services. Money is like love – you need to give it away in order to receive it.
Love, i.e., money, is now in the air for Californians and New York City residents.
Advocates are calling it one of the largest pay raises for American workers in the history of the country. About 5 million workers will see their wages increase substantially after a historic victory for the “Fight for $15” campaign. Both the state of California and New York City are poised to raise the minimum wage to $15 an hour in the coming years. On Thursday, the California Legislature voted to raise the minimum wage incrementally each year until it reaches $15 an hour by 2022. Meanwhile, New York Governor Andrew Cuomo says he has reached a budget deal that will hike the minimum wage in New York City to $15 by the end of 2018. “It’s remarkable that only about three years ago this movement started with a single strike of a bunch of McDonald’s workers in New York City, and it has spread across the country,” says Democracy Now! co-host Juan Gonzalez. “And it’s going to continue to spread, because there’s too many Americans who cannot live on the federal minimum wage.”
— Democracy Now!
Of course, Conservative politics try to water-down and slow the Fight for $15 movement. The article below gives you a good overview of the political struggle that surrounds the fair wage fight.
So far, the Fight for $15 has won its victories in major cities where there’s robust support for ambitious progressive policies. However, as leaders begin lobbying statehouses they must deal with a more challenging politics—one where those ambitious policies can often be whittled down into more conciliatory versions.
— The American Prospect