{"id":770,"date":"2015-07-31T21:21:32","date_gmt":"2015-08-01T01:21:32","guid":{"rendered":"https:\/\/njfac.wordpress.com\/?page_id=770"},"modified":"2026-08-07T14:54:23","modified_gmt":"2026-08-07T18:54:23","slug":"minimum-wage","status":"publish","type":"page","link":"https:\/\/njfac.org\/index.php\/wages-2\/minimum-wage\/","title":{"rendered":"Minimum Wage"},"content":{"rendered":"

“We stand for a living wage. Wages are subnormal if they fail to provide a living for those who devote their time and energy to industrial occupations. The monetary equivalent of a living wage varies according to local conditions, but must include enough to secure the elements of a normal standard of living–a standard high enough to make morality possible, to provide for education and recreation, to care for immature members of the family, to maintain the family during periods of sickness, and to permit of reasonable saving for old age.” Theodore Roosevelt, Confession of Faith,<\/em> 8\/6\/1912
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“There is nothing but a lack of social vision to prevent us from paying an adequate wage to every [American] whether he [she] be a hospital worker, laundry worker, maid or day laborer.” Rev. Dr. Martin Luther King, Jr. Where Do We Go From Here: Chaos or Community?<\/em>, 1967 <\/strong>quoted by Sklar and Sherry, A Just Minimum Wage: Good For Workers, Business and Our Future<\/em><\/strong><\/p>\n

Minimum Wage Tracker<\/strong><\/a>, EPI “The federal minimum wage has not been raised since 2009.” That increase was mandated by a law passed in 2007. …many states and localities have raised their own minimum wages.” Explore the map to see these.\u00a0Values as of July 1, 2024<\/i><\/p>\n

The Federal Minimum Wage Hits a Seven-Decade Low<\/a>,<\/strong> Allegretto, CEPR 8\/26<\/strong><\/p>\n

\"The<\/p>\n

https:\/\/www.axios.com\/2024\/07\/24\/last-federal-minimum-wage-increase-15-years-ago-2009<\/p>\n

A history of the federal minimum wage<\/span><\/a> 85 years later, the minimum wage is far from equitable, Payne-Patterson & Maye, EPI 8\/23<\/span>
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“From 1938 to its peak purchasing power in 1968, the minimum wage rose not just in step with prices, but also with productivity growth. This meant that minimum wage workers got their share of a growing economy.\u00a0 After 1968, the minimum wage failed to even keep pace with prices, with workers falling behind inflation. If the minimum wage had continued to keep pace with rising productivity, it would be over $25<\/a> an hour today.” Dean Baker, Quick Thoughts on the UAW Strike, <\/a>Counterpunch 9\/18\/23<\/p>\n

Nearly half of U.S workers will live in states with at least a $15 minimum wage by 2027<\/a>, Martinez Hickey EPI, 12\/24<\/p>\n

Quantifying the Impact of the Fight for $15: $150 Billion in Raises for 26 Million Workers…<\/a>, Lathrop, Lester, & Wilson, NELP 7\/21<\/p>\n

The Case for a Higher Minimum Wage<\/a>, Acemoglu, Project-Syndicate 2\/21<\/span><\/span><\/p>\n

CBO Not Competent to Assess Economics of Minimum Wage <\/a>, Galbraith, INET 2\/21<\/p>\n

The impact of raising the minimum wage to $15 by 2025<\/a>, by congressional district: Mapping the impact of the Raise the Wage Act of 2021 on workers, EPI 1\/21<\/span><\/p>\n