Today marks four years since minimum-wage workers last got a raise.
The current minimum wage — just $7.25 per hour — is a poverty wage, even for many full-time workers. And this has consequences for all of us. When McDonald’s, Wal-Mart and other highly profitable employers pay their workers so poorly, taxpayers in Iowa and around the country pick up the tab in billions of dollars the government spends on food stamps, Medicaid and other forms of assistance.
But the harshest burden is borne by those we rely on to clean our offices, wait on us in restaurants and stores, and provide day care for our children. The pittance they earn is not enough to pay the bills, much less aspire to the American Dream.