GOP Plays Games with Minimum Wage Bill


Ezra Klein notes that Senate Republicans are now trying to put Democrats in a corner by putting forward a bill that would both raise the minimum wage and repeal the estate tax on multimillion dollar estates. That way, the thinking goes, Republicans can inoculate themselves against charges that they’re opposed to raising the wage floor for low-income workers.

At any rate, it’s a cheap gambit, and hopefully the Democrats will oppose it (repealing the estate tax would be, as we’ve pointed out before, disastrous for the poor, by putting programs such as Medicaid and Social Security under risk). But I also want to point out the paucity of the minimum-wage increase under discussion here. The current proposal would hike the minimum from $5.15 an hour, the level set in 1997, to $7.25 an hour by 2007.

That sounds like a big hike, but it’s really not. As Dean Baker notes, due to inflation, $7.25 an hour in 2007 is equivalent to about $5.30 back in 1997. So this “hike” will really just ensure that the minimum wage goes back up to its inflation-adjusted 1997 level. It’s not much of an increase, in real dollar terms, at all.

FACT:

Mother Jones was founded as a nonprofit in 1976 because we knew corporations and the wealthy wouldn't fund the type of hard-hitting journalism we set out to do.

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2019 demands.

We Recommend

Latest

Sign up for our newsletters

Subscribe and we'll send Mother Jones straight to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate