Thursday, June 27, 2013

RALPH ON WAGES

"thirty million low wage workers are making less today, adjusted for inflation, than they did 45 years ago in 1968".

value of indexation ?

"Had the minimum wage simply kept pace with inflation since 1968, it would stand at $10.70 per hour today instead of the current federal minimum wage of $7.25"

public contracts?

"the federal government indirectly employs the largest number of low-wage workers in the country. More even than Walmart and McDonald’s combined"

"National Employment Law Project (NELP), surveyed a sample of 567 federally contracted jobs. Seventy-four percent earned less than $10 per hour, 58 percent have no employment benefits, and 20 percent or more depend upon some form of public assistance"

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