Minimum Wage -- Why does it matter?
You've heard the recent talk from both sides regarding raising the minimum wage. So what's the big deal?
Did you know that the average age of someone earning the minimum wage is 35? That a full-time employee earning the minimum wage takes home only $14,500 annually? Or that the federal minimum wage would be $10.74 today if it had been tied to inflation?
Next week ADA organizers will be focusing on actions in their communities to help educate the public and elected officials about the need to raise the minimum wage. Check out this excellent article, The Case for a Higher Minimum Wage, to learn more about why this is a critical step that we need to take as a nation to help workers, and our economy prosper.
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|After all, the more people paying into the economy, instead of collecting from--the better it is for us all--WE NEED MORE WIN-WIN-WIN |
The newest numbers from the nonpartisan Congressional Budget Office (CBO) confirm that more work needs to be done to address our fiscal challenges.
Although some are touting the fact that deficits will fall this year and next, they are coming down from levels not seen since the end of World War II and will begin growing again within two years. CBO also forecasts that deficits will still be nearly $1.7 trillion larger over the next decade compared to previous projections, despite the short-term improvements.
We cannot let up in getting deficits and debt under control. In fact, we need to renew our efforts. That’s why I ask that you strongly encourage your friends and family to sign The Citizen’s Petition to Fix the Debt. A surge of support will show policymakers we aren’t ready to let them off the hook.
Share the Citizen’s Petition to Fix the Debt today with friends and family and encourage their support. Share the link, tell them why you signed the petition in the first place and that the debt is still a problem that must be addressed.
CBO projects public debt will reach 79 percent of the economy in 2024, which is more than double the historical average in the post-war era, and will continue on an upward trajectory thereafter. CBO also warns that our large and growing levels of debt could harm the economy.
Check out more highlights of the CBO study and you will see that we must continue the fight to Fix the Debt.
Fix the Debt Campaign