CHART: Minimum Wage vs. Unemployment Rate, 1948 – 2012

Most Americans believe the minimum wage should be increased. It would make good economic sense, and it would help pull people out of poverty. But many Republicans in Washington say this is a non-starter because raising the minimum wage would be a job killer. But how do we know this is true? Should we just take their word for it? And come to think of it, calling something a job killer seems to be the boilerplate Republican response to just about anything these days, including Obamacare and raising taxes. Republicans aren’t lying to us, are they?

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House Democrats propose legislation to increase minimum wage to $9.80 an hour

On Thursday more than 100 House Democrats voiced supported for legislation to increase the minimum wage from $7.25 to $9.80 an hour. Introduced by Representative George Miller (D-CA), the proposed legislation (known as Miller’s Fair Minimum Wage Act – H.R. 6211) would increase the minimum wage in 85 cent increments each of the next 3 years. When it reaches $9.80 in 3 years, the proposed legislation would link minimum wage to inflation. “Anyone who works hard and plays by the rules should not live in poverty. Yet 47 million Americans now qualify as the working poor. Raising the minimum wage helps families make ends meet,” said Rep. Miller.

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