Raise the Minimum Wage
STATEMENT BY THE HONORABLE ALBIO SIRES: RAISE THE MINIMUM WAGE
February 27, 2014
Raising the minimum wage is a critical step in closing the opportunity gap and building an economy that works for everyone. Yesterday, I joined my Democratic colleagues in filing a discharge petition for an immediate vote on H.R. 1010 to raise the minimum wage to $10.10, generating economic activity, creating jobs, and growing the middle class.
By raising the minimum wage to $10.10 an hour, we can restore fairness for working men and women across the country. Specifically it would raise wages for nearly 25 million people; increase pay and compensation by $35 billion for hardworking American families; and lift between 1 and 4.5 million Americans out of poverty.
Americans deserve an economy where a hard days’ work earns a decent day’s pay. No hard working American should be forced to raise their family in poverty, but the low minimum wage currently allows for just that. An increase in the minimum wage is not only the moral thing to do, but it would also provide a much-needed boost to our economy. Simply put, when one earns more, one tends to spend more. More and more private businesses are voluntarily raising the minimum wage of their workers because they see the long-term economic benefits.
It is my hope that Congress takes immediate and swift action in raising the minimum wage to $10.10 an hour.