The National  Memo Logo

Smart. Sharp. Funny. Fearless.

Monday, December 09, 2019 {{ new Date().getDay() }}

Raising the federal minimum wage to $10.10 per hour could directly lift nearly five million Americans out of poverty, according to a new study from University of Massachusetts-Amherst economist Arindrajit Dube.

According to Dube’s findings, a $10.10 per hour minimum wage — the same level proposed by a bill co-authored by Senator Tom Harkin (D-IA) and Rep. George Miller (D-CA), and supported by President Barack Obama — would reduce the poverty rate among the non-elderly population by 1.7 percent. Taking lagged effects into account, the minimum-wage hike could eventually reduce the poverty rate by 2.5 percent, lifting 6.8 million out of poverty.

“To put this in context, the poverty rate among the non-elderly rose by as much as 3.4 percentage points during the Great Recession,” Dube writes. “So the proposed minimum wage change can reverse at least half of that increase.”

Dube is not the first economist to illustrate the impact that a minimum wage hike could have on fighting poverty; as this chart from the Economic Policy Center makes clear, a raise to $10.10 per hour would lift minimum-wage income above the poverty line for a family of three for the first time in 46 years.

EPI chart

In addition to helping families in need, raising the minimum wage is also a potent political tool; polls have repeatedly found large majorities in favor of raising the minimum wage and tying it to inflation. Due to the proposal’s popularity, Democrats are expected to make increasing the minimum wage a central tenet of their 2014 election strategy.

H/t: Huffington Post

Advertising

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

Sen. Ted Cruz

A group of lawyers has submitted a 15-page ethics complaint to the State Bar of Texas demanding an investigation of Senator Ted Cruz (R-TX) for his “leading role” in the far-reaching Republican effort to keep former President Trump in power despite his reelection loss.

The complaint — filed by the 65 Project, an organization of lawyers seeking to hold attorneys accountable for lending a hand in pro-Trump efforts to overturn the results of the 2020 elections — called for an examination of Cruz’s conduct in the weeks before Election Day in 2020 and on January 6, 2021, the day of the Capitol insurrection.

Keep reading... Show less

The House Select Committee, a bipartisan congressional panel looking into the Capitol insurrection, sent a letter on Thursday requesting an interview with a House Republican, Rep. Barry Loudermilk (R-GA), who it said led a tour through parts of the Capitol complex on January 5, 2021 — the day before a pro-Trump mob stormed the halls of Congress.

In the letter to Loudermilk, the select committee’s chairman and vice-chairwoman, Reps. Bennie Thompson (D-MS) and Liz Cheney (R-WY), said the panel had seen evidence that “directly contradicts” the claim made by Republicans on the Committee on House Administration — “of which you’re a member” — that they had reviewed security footage of the days before the Capitol attack and concluded that “[t]here were no tours, no large groups, [and] no one with MAGA hats on.”

Keep reading... Show less
{{ post.roar_specific_data.api_data.analytics }}