FACT: Increasing the minimum wage boosts consumer spending and the economy. For every $1 in wage increase for minimum-wage working families, $3,500 in new consumer spending is generated for our local businesses, re-circulating money through our economy.
FACT: The current minimum wage has not kept up with the rate of inflation. Had the minimum wage held pace with inflation since 1968, it would currently be more than $10 an hour.
“The question is no longer whether families can live on the minimum wage, it’s whether they can survive on the minimum wage. That’s why we need to raise the minimum wage now.”
– Assemblyman Phil Ramos
- Increase the minimum wage to $8.50 an hour in January 2013 (A.9148)
- Link those wages to the rate of inflation starting in January 2014
Assemblyman Phil Ramos
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