Flu drugs may do more harm than good: researchers http://t.co/U2oddhXdWb
There are three things the human brain cannot resist noticing — They are food, attractive people and danger.
Several states have already taken action — Connecticut has boosted it to $10.10 by 2017, the Maryland legislature just approved a similar measure, Minnesota lawmakers just reached a deal to hike it to $9.50. A few cities have been more ambitious — Washington, D.C. and its surrounding counties raised it to $11.50, Seattle is considering $15.00. Senate Democrats will soon introduce legislation raising it nationally to $10.10, from the current $7.25 an hour.
All this is fine as far as it goes. But we need to be more ambitious. We should be raising the federal minimum to $15 an hour.
Here are seven reasons why:
1. Had the minimum wage of 1968 simply stayed even with inflation, it would be more than $10 an hour today. But the typical worker is also about twice as productive as then. Some of those productivity gains should go to workers at the bottom.
2. $10.10 isn’t enough to lift all workers and their families out of poverty. Most low-wage workers aren’t young teenagers; they’re major breadwinners for their families, and many are women. And they and their families need a higher minimum.
3. For this reason, a $10.10 minimum would also still require the rest of us to pay Medicaid, food-stamps, and other programs necessary to get poor families out of poverty — thereby indirectly subsidizing employers who refuse to pay more. Bloomberg View describes McDonalds and Walmart as “America’s biggest welfare queens” because their employees receive so much public assistance. (Some, like McDonalds, even advise their employees to use public programs because their pay is so low.)
4. A $15/hour minimum won’t result in major job losses because it would put money in the pockets of millions of low-wage workers who will spend it — thereby giving working families and the overall economy a boost, and creating jobs. (When I was Labor Secretary in 1996 and we raised the minimum wage, business predicted millions of job losses; in fact, we had more job gains over the next four years than in any comparable period in American history.)
5. A $15/hour minimum is unlikely to result in higher prices because most businesses directly affected by it are in intense competition for consumers, and will take the raise out of profits rather than raise their prices. But because the higher minimum will also attract more workers into the job market, employers will have more choice of whom to hire, and thereby have more reliable employees — resulting in lower turnover costs and higher productivity.
6. Since Republicans will push Democrats to go even lower than $10.10, it’s doubly important to be clear about what’s right in the first place. Democrats should be going for a higher minimum rather than listening to Republican demands for a smaller one.
7. At a time in our history when 95 percent of all economic gains are going to the top 1 percent, raising the minimum wage to $15 an hour isn’t just smart economics and good politics. It’s also the morally right thing to do.
Call your senators and members of congress today to tell them $15 an hour is the least American workers deserve. You can reach them at 202-224-3121.
Connecticut Is Increasing Minimum Wage to $10.10 an Hour — More evidence of how grassroots organizing changes public opinion and public policy. Connecticut has raised its state minimum wage to $10.10, the highest in the country. Meanwhile, Seattle and other cities are pushing for municipal minimum wage of $15/hour. And the Dems in Congress are pushing to raise the federal minimum wage to $10.10. Thank you Walmart workers, fast-food workers, and others for your protests and persistence!
If the IRS comes a-knockin’, don’t be scrambling to compile your records. Many people forget to track home office and home improvement expenses, says Meighan. File away documents as you go. For example, save each manufacturer’s certification statement for energy tax credits and lender or government statements to confirm property taxes paid.
Read more: http://members.houselogic.com/articles/common-tax-mistakes/preview/#ixzz2yOiT5V9J
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– Comcast’s executive vice president will testify before the Senate Judiciary Committee today to defend the $45 billion deal with Time Warner Cable as beneficial to consumers, but critics fiercely say it would give the company too much power
– Comcast’s campaign to convince U.S. officials that its proposed $45 billion purchase of Time Warner Cable will benefit consumers kicks into high gear on Wednesday, when a senior executive from the corporate giant appears before a key Congressional committee.
– The proposed merger, which would combine the two largest cable companies in the U.S. and create an unprecedented entertainment and communications colossus, is fiercely opposed by many consumer advocacy groups.
– Critics of the deal say the merger would concentrate too much market power in the hands of a single media giant, potentially harming competitors and offering scant benefits for consumers. On Tuesday, more than 50 public interest groups sent a letter to the Justice Department and the Federal Communications Commission in which they called the deal “unthinkable” and urged U.S. regulators to block it. READ MORE: CLICK HERE