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Just six years ago, scores of Republican lawmakers favored an increase in the minimum wage

As was noted HERE yesterday, the federal minimum wage is considerably lower today than it was 45 years ago, when you adjust for inflation.

Another interesting comparison with the past is that congressional Republicans aren’t nearly as keen on raising the minimum wage under Barack Obama as they were under George W. Bush — which, of course, fits the pattern of GOP opposition to anything Obama proposes.

Josh Israel EXPLAINS:

President Obama’s call for a minimum wage increase in Tuesday’s State of the Union Address— like nearly all of his proposals — was met with immediate opposition from Congressional Republicans. But six years ago, many of the same Republicans supported a similar proposal backed by Republican President George W. Bush.

A ThinkProgress analysis finds that at least 67 Republicans who are still in Congress today backed an increase in the minimum wage in some form, including Rep. Paul Ryan.

Political momentum for an increase began in 2004, after President Bush announced his support for a billby now-Senate Republican Leader Mitch McConnell.  After Democrats won majorities of the House and Senate in the 2006 elections, a minimum wage increase became one of their first priorities. The Fair Minimum Wage Act— which also included tax cuts for small businesses — passed the House and Senate with overwhelming bipartisan support. When the increase was folded into a larger appropriations bill, it again passed with strong bipartisan support and was eventually signed into law by Bush. 26 House Republicans even signed a letter to then-House Majority Leader John Boehner, asking for a vote on a minimum wage increase…

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5 Comments

  1. Oh Pat! BOB has to do something since nothing else has worked and neither will this and why because you can pass this and within the year costs will raise and then we will have the same problem again. Or maybe you can explain why every time we have raised the minimum wage we end up back in the same place.

    This in a temporary measure does help but it fails in the long run every time. And talk about a shrinking middle class well this is the best example you could give. As soon as the prices go up well everyone looses buying power and thus middle class shrinks. See the only ones getting the benefit is those making minimum wage everyone else is in a stagnate position or no benefit to them. But there is one more thing to look at and that is how it effects the low wage jobs, there will be less of them.

    Now I know you will disagree with my statement but then if wages go up so do costs or you could try proving me wrong! But I do have a question, why would a wage earner keep a low paying job when they could get a better paying job? Before you answer remember when you’d got to McDonalds or Burger King and it was largely manned by teenagers. I remember when you could get a Bigmac for $1.25, wonder why it’s over $3 today?

    And please remember to show how wages didn’t cause it!

  2. @Big dave inflation is a constant despite the minimum wage.
    Can you explain why there was inflation before the minimum wage was enacted?

    Energy costs are the biggest factor of inflation not wages. Big Macs are $3 dollars because diesel is over $4 a gallon instead of $1 a gallon.
    When the lower class have more money they spend it. That means that businesses will see a corresponding increase in sales following an increase in wages.

  3. @ Tomot, read this and you will know.

    http://www.forbes.com/sites/johntharvey/2011/05/30/what-actually-causes-inflation/

    But since I never mentioned inflation in my post, I’m glad you brought it up. Tomot you make this claim “Energy costs are the biggest factor of inflation not wages.” Now I’m not going to argue with this as you have a point but this government has done nothing to stop it either or you might explain why no refinery’s have been built since the late 1970′s. Also you might want to look into why we have all these different types of gas blends in America. (It’s over 10) I’m still trying to figure out why we need so many. I guess the government can’t make a decision on which is best so I blame them for this.

    Wages do cause problems as well and if you don’t think so well try running a company. Then you say this: “That means that businesses will see a corresponding increase in sales following an increase in wages.” Nice try but not true. Prices of products are set by what the costs are to make it, which includes wages. Also the higher the demand for a product the cost will also rise. There are no guarantees that everything produced will sell so you have a small problem with your thinking. Or why do companies go out of business.

    But maybe try this from Nancy Pelosi, every government dollar spent on the jobless bring back a $1.73. If this was true how could we have any problems, because it is not true and the government just proved it with this project to raise minimum wages.

    Just one more thing, taxes! Companies do not pay taxes you do when you buy their products, just something to think on. And as long as I brought taxes into this, taxes are the source of income for the federal government. If you don’t think so please tell me what the government makes and sells to make money?

  4. US Inflation Slowed in 2012, Consumer Prices Muted

    January 16, 2013 · Filed Under Inflation · Comment

    US inflation slowed sharply in 2012 compared to the previous year and consumer prices remained subdued in December, the latest data from the US government reveals.

    US inflation climbed 1.7% in 2012. That is nearly half of the 3.0% level logged in the previous year and the third lowest rate

    http://www.usinflationcalculator.com/inflation/us-inflation-slowed-in-2012-as-consumer-prices-muted/10001110/#more-1110

    But since this is not part of the post I’m wondering why Tomot brought this up?

    Another point here is gas prices, since BOB thinks $4.00 gas is not a problem, Tomot has another problem as the government is not trying to correct the problem so again it all goes back to them in Washington. Or why are we doing nothing to solve this problem?

  5. @ Tomto

    I wonder if tis cold have any affect on inflation:

    “The United States federal excise tax on gasoline is 18.4 cents per gallon (cpg) and 24.4 cents per gallon (cpg) for diesel fuel. On average, as of April 2012, state and local taxes add 31.1 cents to gasoline and 30.2 cents to diesel for a total US average fuel tax of 49.5 cents (cpg) per gallon for gas and 54.6 cents per gallon (cpg) for diesel.”

    http://www.gaspricewatch.com/web_gas_taxes.php

    And where does this money go? Why Government! So buy 10 gallons of gas and send the government $4.95 on average. Now you know why nobody in government wants to fix this.

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