Another unfortunate milestone in the reign of George W. Bush and the recently-deposed Republican Congress was reached on Saturday when the federal minimum wage set a new record for the longest period without a raise since its establishment in 1938. As of December 2, the $5.15-per-hour wage rate has remained unchanged for nine years and three months.
Not surprisingly, the prior record also occurred under Republican administrations, when the minimum wage rate remained stagnant from early 1981 until April of 1990 under Ronald Reagan and George H.W. Bush.
“For nearly a decade, the prices of everyday necessities like gas, food, and prescription drugs have skyrocketed, while the paychecks of minimum wage workers haven’t increased a cent," said Senator Ted Kennedy (D-MA) over the weekend. "Year after year, the Republican Congress has blocked all attempts to raise the minimum wage, while voting a pay raise for themselves almost every year."
An American working 40 hours per week at the current minimum wage makes only $10,712 a year, which is less than $900 a month to cover housing, health care, food and all other living expenses. And, given that most workers being paid minimum wage do not receive health benefits, that salary would barely cover the cost of buying medical insurance alone, much less other necessities.