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Dobbs: Congress Stiffs Working Americans

Lou Dobbs is not exactly the champion of the little guy, but even he took offense at the recent Congressional pay raise in the face of still another session of Congress passing without a raise in the minimum wage. Dobbs write:

With no Congressional action on raising the minimum wage since 1997, inflation has eroded wages. The minimum wage in the 21st century is $2 lower in real dollars than it was four decades ago and now stands at its lowest level since 1955, according to the Economic Policy Institute and Center on Budget and Policy Priorities

And the standard argument that raising the minimum wage costs jobs, Dobbs revealed this reality:

The myth that raising the minimum wage will lead to job cuts is just that: a myth. In fact, research suggests just the opposite. According to the Fiscal Policy Institute, since 1998, states with higher minimum wages experienced better job growth than states paying only the federal minimum wage. Among small retail businesses in those higher minimum-wage states, job growth was double the rest of the country.

Lou Dobbs: a conservative with both a brain and a heart.

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