Discover and read the best of Twitter Threads about #RaisetheWage

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This is a day for doing more than one thing at a time. We must denounce and reject the president’s racist demagoguery—without letting him deny attention to today’s extremely important vote on the minimum wage.
This morning, the House will vote on the #RaiseTheWage Act, a bill that would raise the minimum wage to $15 and lift millions of Americans out of poverty. As a mayor from the industrial Midwest, I know a raise in wages is long overdue. The American people agree.
The #RaiseTheWage Act would give 40 million American workers a raise (that’s two-thirds of America’s working poor, most of whom are people of color) and lift 18 million children out of poverty. In Iowa alone, 63,000 single parents would get a raise.
Read 6 tweets
BREAKING: The nonpartisan Congressional Budget Office has released its analysis of the #RaiseTheWage Act, which would raise the federal minimum wage to $15/hour by 2024.

CBO’s bottom line: *27 million* workers would get a raise if the bill becomes law.

1/
Additional findings from the report:

- 1.3 million fewer people would live in poverty, nearly *half* of them kids

- Families who earn less than 300% of the poverty level would would see their incomes go up by nearly $22 billion

2/
Meanwhile, don’t be fooled by the conservative hype… as smart economists like @hshierholz point out, CBO’s job loss estimates in the report warrant serious skepticism since they rely too heavily on studies w/widely-critiqued methods and too little on the most robust studies.

3/
Read 8 tweets
"Raising the #minimumwage is always a pro-women, pro-mothers policy because women and mothers are disproportionately represented among low-wage workers." epi.org/publication/co… #1u
"As state minimum wage increases have taken effect over the past 5 years, low-wage workers—especially low-wage women—in those states have had much stronger wage growth than their counterparts in states with no change in the minimum wage."
"The #RaisetheWage Act of 2019—which was introduced this past February, but still has not received a vote—would gradually raise the federal minimum wage from $7.25, where it currently sits, to $15 per hour by 2024.
Read 5 tweets
Hey @washingtonpost -

Thank you for drawing attention to the massive pay gap at McDonald’s and the poverty wages of its workers! washingtonpost.com/politics/2019/…
Let’s dig into why that is. The CEO-to-worker pay gap at McDonald’s is 3,101 to 1 globally—the largest of any company surveyed.

As I noted in committee, McDonald’s CEO earns $21.8 million *per year*.

The median worker worldwide earns just $7,017. nrn.com/finance/sizing…
Now let’s look at how McDonald's treats its U.S. workers.

In 2015, the company promised to pay workers at least $1 above the local minimum wage. According to their own employees, they broke that promise. fortune.com/2018/04/02/mcd…
Read 8 tweets
Today, March 1st, a minimum-wage worker catches up to what she made in 2009--the last time Congress raised the poverty-level minimum wage (as my colleague @rwest817 shows in new @amprog analysis) americanprogress.org/issues/poverty…
In 2018, a worker earning $7.25/hr must work an extra 41 days—more than 2 additional months!—just to earn the same amount as she did in a single year when the federal minimum wage was last increased. 2/x
As a result, a full-time minimum-wage worker will lose a staggering $2,370 in purchasing power this year.

That's more than ***47 times*** the average tax cut she gets under the #TrumpTaxScam. 3/x
Read 11 tweets

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