#1 on Economic agenda - tie Federal minimum wage to inflation rate just like Social Security [View All]

[Phoebe Loosinhouse]

If this had been done years ago, wages and salaries of the middle and lower classes would not have become so eroded and stagnant.

Remember, they NEVER care about the runaway executive compensations, but they always claim that this simple remedy that benefits wage earners will put businesses out of business. No, it won't.

Businesses are in the habit of absorbing EVERY OTHER increase in the world, whether it is an increase in gasoline or utility costs or insurance or rents. There is no reason in the world that any business should not be able to cope with incremental wage increases as well. Not to mention that healthcare costs for employers should decrease in the near future when some kind of health care plan is finally crafted.