On the AFL-CIO website I learned that the Federal minimum wage, which is $5.15/hour, hasn't changed since September 1997. They've tried to pass a bill in Congress to up the low wage, but "the Bush administration and Republican leaders repeatedly have blocked congressional attempts to raise the federal minimum wage. On March 7, 2005, a bill to boost the wage to $7.25 an hour over two years was defeated in the U.S. Senate." (See Minimum Wage)
Some other stats on the website regarding the working class are:
- If the minimum wage had kept pace with inflation since 1968 when it was a $1.60 an hour, it would be $7.55 an hour in 2005.
- Since August 2001, worker productivity in the United States grew by 4.1 percent, while worker compensation grew only 1.5 percent—meaning workers received one-third of the benefits of increased efficiency. In the previous seven business cycles, workers gained about 75 percent of those benefits.
- A net 24,000 private-sector jobs have been lost since President George W. Bush took office.
- Workers who have job-based health care coverage are paying more, as employers are passing on health care cost increases.
Hey, off topic, guess what I just heard on the news? Good ole Dick Cheney and Donald Rumsfeld were once Boy Scouts. No kidding?