Friday, March 15, 2013

House Republicans Vote Down Increase In Minimum Wage

House Republicans on Friday unanimously voted down a bill that would have raised the minimum wage. Six Democrats joined them in defeating the effort.

The vote came after a surprise move by Democrats, who tacked onto a jobs training program bill an amendment that would have brought the national $7.25 minimum wage to $10.10 by 2015. But Republicans managed to defeat the effort while approving the bill overall.

A few weeks back, House Minority Nancy Pelosi (D-CA) came out in support raising minimum wage, responding President Obama’s State of the Union call for a wage increase. Pelosi’s effort, and the effort proposed Friday, would actually bring the minimum wage up higher than Obama’s suggestion of $9.

If the minimum wage were brought up to $10.10 an hour, it would not be a revolutionary hike; rather, it would be indexed to inflation and consistent with historical borrowing power. Had the minimum wage been indexed to inflation in 1968, it would be $10.40.

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