The federal minimum wage has not been raised in nearly 10 years and June 16 marks the longest period it has been fixed without a raise. As a result, its value has significantly diminished. IPS’s Josh Hoxas says if it were raised to $15/hr, almost 40 million workers would benefit

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31 thoughts on “Longest Period Without Fed Minimum Wage Increase Since Law Enacted in 1938”
  1. They raised it last time and what happened ? Walmart and every business tripled their prices. …. so what the point they will jus t do the same and that hurts everyone .
    They are limits to most everything except profits !!!!!

  2. The very wealthy cannot become trillionaires by paying people more than slave wages! How dare workers wanting a normal life! How dare you want more than the trickledown aka pissing on by the wealthy! The nerve of you people wanting my precious money and power!

  3. Unfortunately its a delicate matter,and while of course wages are "sub living wages" in many cases, the real value added content of the labor is also sub standard. First world countries are trying to provide quality education to enable their future work force to be able to perform in so called "value added" and "extra value added" fields. In this regard US has fallen ways behind. A half illiterate fast food chain worker, or a custumer service representative parroting a few sentences does not create extra value. If they are paid $15/ hour what would the trained educated ones say? Are they going to get paid $150/ hour? If no skills are rewarded, skill and knowledge will be further eroded…. it's not worth it. In general competititiveness has been lost, if dollar was not created from thin air, the disaster would have hit already.

  4. every new dollar, every fraction of a cent created through "productivity" and fractional reserve lending increases the total supply of money available.

    however if i get 9 dollars out of ever 10 created… and you get 1… over time the scarce resources that are needed for survival (housing, food, energy) will increase in cost, because to represent the same value that the utilization of those resources represent will take more and more dollars to actualize.

    what this means is that "wealth" is relative. and your socio-economic reality is determined by what % share you have of the total supply of dollars in existence.

    now… look at the last 80 years of life under the capitalist system. and tell me that this is not simply a slow genocide against the poor?

  5. @The Real News Network : RAISE the VOLUME, I've tried all means that I have and none work. It regularly happens that videos with Marc lack volume, but it's normally fine with other TRNN videos. With that said, and getting to the topic of this video, I understand that min. wage should be increased and this, not by govt law, but because employers start to operate fairly. I worked for low min. wage, like $3/hr during the 1970s and there was NO way to sustain oneself with such pitiful income, but it, for me at the time anyway, was either accept, or go on welfare, and I didn't want the latter, so I worked and one thing I learned over many years is that once work started, I didn't look at the pay. Instead, I took in what I could learn. HOWEVER, I was single with NO dependents, so this of course eased the situation for me. I was also paid $1.50 LESS than min. wage, per hour, but job market was lousy, so I took this work, for it was better than nothing. HOWEVER, again, I was single, … and it was seasonal work from start of May until mid-August, for I was full-time college student the rest of the year, the reason why the farmer was legally allowed to pay $1.50/hr less than min wage. So many students were in crisis wanting jobs for the summer months, so May to mid-August that I said to heck with that and just took the farm job. Of course the farmer could've afforded to pay me full min. wage, but NO, he preferred to profit from or using the govt's assinine law. I had to take the job. Otherwise, I would've had ZERO income over those months, so nearly four. That was during thee first half of the 1980s, for my college years didn't begin until then. When down at bottom scale, yep, it's damn low and some employers will fully exploit you in order to profit, when, if you're a productive worker. So, the govt raises the min. wage a little and no matter how productive you are, employers will often stick to whatever the govt dictates. If you profit employers well, then many won't compensate you appropriately. I'm owed plenty for all of my work and will never be able to collect. oh, lots of fun. And I have much more damaging experience, economically. Damn, got screwed. But, one thing I wonder about regarding increasing min. wage is what's going to happen with respect to cost of living for people who won't even have min. wage and, instead, will have much less? Costs for dwellings, clothing, food, … will surely increase. I come from low income family and can understand that families need to have adequate incomes, but I cost them, my parents, almost nothing, except my mother had to beear me in her womb for a whole 9 months, etc. I required LITTLE, but my parents worked plenty, even if it was low income. Of course they had to pay for costs for this, that, the other thing, and that other thing, and so on. Oh, yes, they worked; plenty. I know about poverty. What I worry about is danger of increasing cost of living. That makes it sort of like a " damned if you do …, but damn if you don't ". Okay. Now, I still wish well for working people.

  6. I heard that fight15 is a Russian inspired movement aiming to cause disturbance in the USA. That’s how divided American society really is…….

  7. When I was. Poorly paid nurse, my rent was half my $15.65/hr. income-NOW THAT SAME TOWN HAS RENT OF MPRE THAN DOUBLED!!! Today I would be a homeless nurse!!!!! ‘ Luckily I am a terminally ill disabled person!!

  8. Please, the minimum wage should be much higher than $15 per hour. It should be between $21 to $30 per hour. There is no way to get around that it is very expensive to live today, always has been for those dependent on meager wages. Don't feed me that lie, that the wealthy are out of touch and have no idea what the poor go through. They most assuredly know the desperation and struggles of those under them, but giving them that excuse, oh sorry, they were not aware, and out of touch, lets them ignore the realities and not do anything about them. I should know, I am 60 years old and have always worked for minimum wages being that I am deaf

  9. You cant have billionaires AND a fair wage for all. Either a few assholes horde all the assets and money, or we all get to live a materially decent life.

  10. Everyone working needs to be able to live no matter what age or experience.
    We need to stop corperate welfare & the welfare we need to pay their employees, because they won't pay them. Like Walmart taking millions from cities to provide jobs to the community that in turn can't survive on those wages.

  11. $7.80 might be great for 9-year-olds mowing lawns, but for adults who have several bills to pay, and taxes galore, they'll end up broke while working full time! Even in conservative Nebraska, the minimum is $9.00.

  12. Fight for 15 is hated by the rich. I know this because a rich person said it to me. This is why the Fight for 15 must continue!

  13. By the time it's officially raised to $15 the cost of living will have outpaced that figure by a long shot. Meanwhile, the populace will get its "victory" as well as an expectation of contentment by the powers that be. It's akin to being drowning in the ocean and hoping for a life raft then being thrown a life preserver.

  14. "The federal minimum wage has not been raised in nearly 10 years and June 16 marks the longest period it has been fixed without a raise". And the Fed wonders for 10 years why inflation stays stuck at less than 2% (by their measure) . Sure. Fight for 15% is nothing but a joke on the working class played by the defenders of the wealth class. $15/hr = #31K/yr. that's pretty much poverty level in this country. How about a fight for $25/hr right now. Or better yet how about a fight to end capitalism right now.

  15. Even when minimum wage is om the ballot and people vote to raise it the gop fights it. They really are scum. The problem is conservative voters habitually vote against the best interest of their fellow countrymen because of three things:1.religion
    2. Bigotry
    3. Ignorance.

  16. People do not pay attention to profit, price and wages but the ruling powers do.
    They use these economic categories in their struggle to extract more value from working people.
    This is why American working people are so destitute.
    By raising price in circulation and decreasing costs in production they achieve a specific result of money prime.
    But American government lets the market regulate price, profit and wages, and that means profits comes first and prices are protected. 
    Government protects manufacturers prices as the Trump government is doing to protect American industry from the competitve pricing of China's products. Wages lose their values with every artificial increase in prices of Chinese goods and the working people having no representation in government buy less of the necessities of life.
    This scenario is not good for the worker, it amounts to economic stagnation and insecurity.
    An increase in the minimum wage works with a freeze on prices but this is not a pro-worker government wise enough to do such a measure.
    If wages reduce profits too much employers increase the duration of work in the working day to offset the profit loss and the government has little to nothing to say about it.
    This government has a pro-business stand that on wages, pensions, health care, parental leave, retirement, hours of work and working conditions, workplace safety, it has no stand at all and makes no committment to these economic categories. None of the reputable business school curriculums in the US require a course on worker safety for MBA graduates. Nowhere in the American industrial landscape is their a combination of employment and education, the working people suffer from underdevelopment, under education, undernourishment because the government is pro-business.

  17. From a Canadian viewpoint why doesn't the U.S. have any yearly calculation based increase in minimum wage by the government is baffling

  18. What's not to understand?? The rich make more money paying their workers less and they don't pay taxes so they don't care how expensive this is for the federal government. It is us dummies in the middle class that take it on the chin but shouldn't complain because we are constantly told that we are so lucky to live in "the greatest country in the history of the world."

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