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The Minimum Wage: Two Generations Of Neglect Add Up, Bureau Of Labor Education. University Of Maine
The Minimum Wage: Two Generations Of Neglect Add Up, Bureau Of Labor Education. University Of Maine
Bureau of Labor Education
Although a three-step raise in the Federal minimum wage that ended in July, 2009 is projected to generate a total of $10.4 billion in increased consumer spending,2 a survey of the wage situation in the U.S. today suggests that recent raises to the minimum wage are inadequate. Both Maine and the nation have been plagued by serious wage stagnation for many years. The overextended credit that helped fuel the recent economic crisis was exacerbated by what has been called a “collapse of hourly wage growth” by the Economic Policy Institute. In the longer term, the inflation-adjusted value of the minimum …