Here are just a few facts for you to consider:
- The minimum wage is now $5.15/hour, which, at full-time, is well under the poverty rate by most standards.
- The minimum wage was last increased in 1997. Congress has given itself nine raises in that period.
- Congress' raise this year is worth about $31,000 - nearly three times what a minimum wage earner takes home each year at full-time.
- Between 1968 and 2004, corporate profits rose by 85% - in the same period, the minimum wage fell 41 percent (adjusted for inflation).
TomPaine.com has been covering this battle with two recent articles: Pay Raise Politics and Minimum Wage, Maximum Payoff.
Tags: minimum wage, Congress, Kennedy, economics