Wednesday, April 18, 2012


...raising the minimum wage by 35% and then indexing to increases in inflation. Truly astonishing. Check that...I suppose I should not be surprised by reactionary measures such as this. The notion of minimum wage has been exhaustively debated, but I don't recall seeing such a reflexively conceptualized bill.

WASHINGTON -- Legislation introduced by Sen. Tom Harkin (D-Iowa) on Thursday included a litany of measures aimed at boosting income for low-wage workers, most notably raising the minimum wage significantly and pegging it to inflation.

Along with spending on school modernization and renewable energy development, the Rebuild America Act calls for raising the minimum wage from the current federal level of $7.25 to $9.80 -- a 35 percent hike -- over the course of two and a half years, then indexing it so it rises with the cost of living. For restaurant servers and other tipped employees, the minimum wage before tips would leap from the current $2.13 to $6.86, and then track at 70 percent of the normal minimum wage.

The bill would also require employers to offer their workers paid sick days, make more white-collar workers eligible for overtime pay that they're currently exempted from, and give more workers the right to join a union.

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