San Antonio College students' network for the 2008 election
John Cornyn plays a huge part on the issue of minimum wage; it was first set in 1938 at $0.25 an hour. The nominal values range from $0.25/hr in 1938 to $5.85/hr as of July 24, 2007. This however, just gives the illusion that minimum wage has steadily been going up over the past years. If you adjust these wages to 2007 dollars, it shows the real value of that time period’s minimum wage. The 1968 minimum wage was the highest at $9.47, Minimum wage rates start falling drastically during periods where congress doesn't raise it to keep up with inflation. Recently, “The federal minimum wage during 1997 to 2005 was $5.15 an hour” (Peter). “Since then, minimum wage earners have lost 17 percent of their purchasing power to inflation” (Peter).
John Cornyn supports minimum wage, he wants to increase minimum wage to $7.25. To do this, it would increase the minimum wage from $5.15 per hour to $7.25 per hour, over a two-year time period, in three incremental stages. This would improve small businesses and families when it comes to finding jobs, hiring and making money. The increase for minimum wage started in 2005 but, has only been increased up to $6.25. He holds this position because he believes that the improvement of small businesses will open up more jobs. Multiplying the minimum wage by a work year of 50, 40-hour weeks gives the annual earnings that can be expected from a minimum wage job. Minimum wages have never been sufficient enough to raise a family out of poverty, if only one member of the family works. The closest it came to actually passing the poverty level was in 1968. However, after this year it quickly makes a drastic fall downwards. It sounds fair, just raise the minimum wage and everything will be fixed, but it’s not that easy. Business groups still say an increase would hurt the working poor because it would cause companies to lay off low-wage workers (Peter).
Work Cited:
Katel, Peter. “Abstract.” Minimum Wage (2005)
“http://www.ontheissues.org/Domestic/John_Cornyn_Jobs.htm” John Cornyn on Jobs. (2002)
Ryscavage, Paul. "A Perspective on Low-Wage Workers." Current Population Reports (1996): 57-70. Census Bureau. 13 Nov. 2007.
Padfield, Harland. "Water and Culture; New Decision Rules for Old Institutions." Rocky Mountain Social Science Journal 5(2):23-32.
Written By: Tramell Tennyson
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