Five years ago, on July 24th, 2009, the federal minimum wage was raised to $7.25, and it has remained there, unchanged. The cost of living, however, has not stopped growing. According to the Bureau of Labor Statistics’ Consumer Price Index inflation calculator, if the minimum had kept up with inflation for the past 40 years, it would now be $10.86.
For many Latino families, the impact of a raise in the minimum wage would be powerful. A report by the National Council of La Raza (NCLR) reveals that Latinos represent only 15 percent of the workforce, yet comprise approximately 24 percent (6.8 million) of the 27.8 million workers that would benefit from boosting the minimum wage to $10.10. Overall, 43% of Latino workers earn poverty-level wages, compared to 36% of Blacks and 23% of Whites.
This coming Tuesday, July 24th at 7pm ET, I’ll interview a group of experts who will discuss the current fight to raise the minimum wage at the federal and state level, the impact of raising the wage for low-income workers particularly women, as well as to small businesses and the country’s economy in general. We’ll also discuss this year’s #LiveTheWage campaign, which just started this week. Join us!
- Alicia Criado, Field Coordinator, Economic Policy Project at NCLR
- Carmen Ortiz Larsen, Owner of Aquas, Inc and Vice President at the Hispanic Chamber of Commerce, Montgomery County and member of Business for a Fair Minimum Wage
- Raquel Roybal, Care Coordinator (Albuquerque, NM) and member of OLE (Part of the National Domestic Worker Alliance)
- Katie Hamm, Director of Early Childhood Policy, Center for American Progress
Join us on Google Plus or on YouTube (below) and please send in your own questions!