If we want to fix the lagging economy, raising the minimum wage would be a surefire way to stimulate it.
If the federal minimum wage had simply tracked the rate of U.S. productivity gains since 1968, it would now be $21.72 an hour -- three times the current minimum wage.
Raising the minimum wage to $15 an hour would inject about $450 billion into the economy each year.
Money in the pockets of the working class goes directly back into the economy as essential items are purchased.
While costs of living have gone up, wages have remained stagnant, leading to an overall decline in the economy, creating a downward spiral for working people.
Yet American workers are the most productive they have ever been, meaning that this increase in surplus value created by working people, is going to CEOs and Bankers, who are doing the best that they have done in decades.
We the undersigned demand that the minimum wage be raised to $15 per hour, and we pledge to work for and vote for raising the minimum wage to a living wage of $15/hr.