Congress Economy

House GOP Kills Minimum Wage Increase

Just in case you needed a reminder of whose side they’re on.

via TPM

House Republicans unanimously voted down a measure Friday that would have raised the federal minimum wage, from its current $7.25 per hour to $10.10 by 2015.

Six Democrats joined 227 Republicans in voting it down; 184 Democrats voted yes. [...]

An increase in the minimum wage to $9 was backed by President Obama during this year’s State of the Union, and immediately shot down by House Speaker John Boehner (R-OH), who argued that it would drive up unemployment by making it harder for small businesses to hire.

I expect — in fact I’m counting on it — for this to be a campaign issue in 2014 and 2016. Because the lopsided recovery we’ve experienced wherein Wall Street is back to breaking all-time-high records while main street lags behind necessitates the discussion.