McClatchy-Tribune News Service: Holly Sklar, Raise minimum wage to raise America
Op-Ed By Holly Sklar
Distributed by McClatchy-Tribune News Service, July 20, 2012
Time flies when you're moving backward. With the federal minimum wage stuck at $7.25 an hour since July 24, 2009, workers now have less buying power than they did in 1997 at the start of the longest period in history without a raise.
It took 10 years, from 1997 until 2007, to raise the minimum wage above $5.15. A worker would need $7.36 today to match the buying power of the $5.15 minimum wage in 1997.
If you picture raising minimum wage as...