Fight Fight Fight to require all businesses to pay a Federal living wage of at least $12 per hour to start, with yearly reassessments tied to a Federal index. This would be a huge boost to the economy and tax revenues, helping to grow us out of our debt. Every dollar of that money would be spent back into the economy increasing revenues for medium and small businesses in each local community. Businesses only hire employees when demand for their products increase.
Since 1970 there has been a disconnect between increasing productivity and stagnant median incomes. Gains from increasing productivity have been denied to workers. These gains need to be indexed to minimum wages to re-establish this as incentive to workers to become more productive via education, training, apprenticeships, Otherwise investments in education will just continue to be "washed out".
THE WORKING AMERICA WAGE EQUALITY ACT PHASE II - Will raise the minimum wage to $15.00 an hour including raising tipped employees minimum wage to $7.50 an hour. THE WORKING AMERICA WAGE EQUALITY ACT of 2017 will also raise the income of all working Americans with individual incomes between $15.01 an hour or $28,819 and $200,000 a year. Minimum Wage will automatically adjust annually keeping pace with the rising cost of living.