Posts tagged “low-wage workers”
Ralph Nader Urges President Obama to Sign Executive Order Guaranteeing Federal Contractors $10.70 Minimum Wage
June 26, 2013
On June 25, Ralph Nader penned a letter to President Obama, urging him to sign an executive order that will guarantee federal employees (including those employed through contractors) a $10.70 minimum wage. This pay increase would catch them up to the minimum wage of 1968, adjusted for inflation.
In the United States today, thirty million low-wage workers are making less money per hour than they did under President Franklin Delano Roosevelt 45 years ago. If the federal minimum wage had kept up with the pace of inflation since then, it would be $10.70 per hour today rather than the current $7.25.
Nader points out that “while the minimum wage has lost nearly a third of its inflation-adjusted value, costs for daily necessities have been increasing – often at rates above inflation.” This poses a serious problem, and in late May it led to a strike by federally contracted low-wage workers in Washington, D.C.