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Wednesday, December 14, 2005

Minimum Wage

Unchanged for 8 years:

Yet, this is the eighth year in a row that Congress has failed to enact even a small increase in the minimum wage. By freezing it at an inadequate $5.15 and ignoring the effects of inflation, Congress has essentially given a pay cut to these workers. In fact, if the minimum wage in 2005 was worth what it was worth in 1968 (its peak value), it would be $8.88 an hour.

And it can't even put a roof over your head:
This year, for the first time in the 16 years the coalition has published "Out of Reach," it determined that there is no place in the country where a full-time worker earning minimum wage can afford to rent even a one-bedroom apartment at fair market rent.

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