Robert Reich Gives Us 7 Reasons Why The Minimum Wage Should Be Raised To $15 (VIDEO)

Former United States Secretary of Labor Robert Reich has seven simple reasons why Congress should raise the federal minimum wage to $15 an hour instead of the Obama Administration’s proposed $10.10 an hour. It’s quite a simple concept, yet Republicans have been single handedly instrumental in blocking any effort to raise the wage.

Here are Reich’s seven reasons:

REASON NUMBER ONE :

If the minimum wage had kept up with inflation, it would be well over the $10.10 the Obama Administration has proposed. With Americans working twice as hard and being twice as productive as they were in the 1960s, raising it to only $10.10 would actually be an underrepresentation of their decades of hard work and contribution to society.

REASON NUMBER TWO:

Today’s minimum wage, along with the proposed $10.10 raise, is nowhere near enough to get Americans out of poverty and off government programs (the same ones that the Republican Party are so vehemently against). By keeping the minimum wage stagnant at $7.25 an hour or underrepresented at $10.10 an hour, millions of poor working class Americans (many of whom are breadwinners for their families) get left behind.

REASON NUMBER THREE:

Because the minimum wage can no longer afford anyone a decent way of life, we the taxpayer are stuck subsidizing these low wage employees (who work at multi-billion dollar corporations like McDonald’s and Wal-Mart). While we pay for their Medicare, food stamps and public housing, the billion-dollar corporations actually advise their employees to take advantage of these programs so they don’t have to foot the bill with decent wages. Republicans want to talk about getting people off the government “gravy-train?” Tell corporations to pay up and actually take care of their employees.

REASON NUMBER FOUR: 

Raising the minimum wage will actually fuel more job creation. If millions of Americans are lifted out of poverty and don’t have to penny pinch just to survive on the bare essentials, they will have more money to spend. And what happens when people have more money to spend? It can spur economic growth which can spur more business expansion / creation, resulting in more jobs.

REASON NUMBER FIVE:

The increases will come out of profits, not prices. You may hear the hackneyed argument that if the minimum wage is increased, that will result in the increase of prices on our most cherished goods like, you know, a Big Mac, by a whopping seven cents. That’s a load of bull. You see, because we live in a Capitalist society, employers will be driven by such fierce competition for customers.

REASON NUMBER SIX: 

Republicans are not taking up the Obama Administration’s proposal of a mere $10.10. Since they will use all their might to get the White House and Congressional Democrats to go lower, so the Democrats need to start higher so they can cushion the blow of possibly having to lower the demand. Unfortunately, Republicans see this as a non-issue, letting millions of working-poor Americans struggle to make ends meet. The Democrats and President Obama must start at a higher rate if they really want a shot at providing hard-working Americans with the wages they deserve.

REASON NUMBER SEVEN:

This is a common sense, smart investment and it is time to raise it. When 95% of the economic gains in this country are going to the top 1%, this also becomes a moral issue. As Reich says in his video, “Raising the minimum to $15 an hour isn’t just smart economics, it’s the right thing to do.”

If Republicans are serious about being the Pro-Life party and the party that gets Americans off government assistance, they need to listen to Robert Reich and support raising the minimum wage to a livable wage, or $15 an hour. Even Bill O’Reilly can recognize that raising the minimum wage will get people off of government assistance. If Reich and O’Reilly can agree on this fundamental issue, perhaps Congress should act.

Watch the video here:

Image via Comunicas