House Democrats are proposing to increase minimum wage to $10 an hour! This makes sense, considering minimum wage should be around $10 just to catch up with inflation, as Rep. Jesse Jackson Jr. (D-IL) points out.
Legislation to increase minimum wage to $10 was introduced on Wednesday June 6th by House Democrats.
Jackson argues that his bill called the Catching Up to 1968 Act provides low income Americans with a more fair chance by catching up to inflation. In addition, by boosting purchasing power of the working class we can also provide a boost to the economy, as the increase in income by low-income workers will mostly be spent right away on basic life necessities. In the US, women are disproportionately affected by income inequality and poverty, thus would benefit most from such a minimum wage increase.
Read more at Alternet.com