Only 3 percent of workers to receive raise under Romney, Cotton wage hike: analysis
The economic analysts said the Republican plan is about '13 percent less than what the minimum wage was at its high-water mark in 1968.'
to benefit working Americans. Just 3.2 percent of workers would see additional money in their paychecks by 2025 under Romney's and Cotton's plan, compared to 21.2 percent of workers under the Democratic bill, according to an analysis published Wednesday by the Economic Policy Institute. In different terms, the Democratic plan would give a raise to 32.2 million workers and the Republican proposal would provide a wage hike to just 4.9 million workers.
GOP Senators Tom Cotton of Arkansas and Mitt Romney of Utah put forward a federal minimum wage increase proposal this week that would hike wages to $10 per hour by 2025. In the photo on the left, Cotton speaks during a hearing of the Senate Judiciary Committee on February 22, and in the photo on the right, Romney speaks during a hearing of the Senate Health, Education, Labor and Pensions Committee on February 23 in Washington, D.C.
Demetrius Freeman/Sarah Silbiger-Pool/Getty"Romney-Cotton's $10 target by 2025 is the equivalent of $9.19 per hour in today's dollars, about 13 percent less than what the minimum wage was at its high-water mark in 1968," the new analysis by EPI's Ben Zipperer and Daniel Costa explained. headtopics.com
"It is unconscionable that we should pay the lowest-wage workers today less than what they earned five decades ago, while the economy's productivity has more than doubled over the last 50 years," the economic experts argued. Read more: Newsweek »
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Take Cotton and Romney to an urban center anywhere in US. Give them each a job at $10/hr. Tell them to find a place to live and a way to eat. Have them do that for a month. Then add in a couple of kids the second month. They’d never last because white privilege makes people blind Quantifiably unserious people. BadFaithProposal
Romney and Cotton only want to give themselves raises And that is what they want.... 0% in Tom Cotton's state of Arkansas. What a complete joke. I'll take the democrats plan