Sen. Warren asked Dr. Arindrajit Dube, who is an assistant professor at the Department of Economics, University of Massachusetts Amherst, Amherst, MA and has done extensive research about a minimum wage increaseís effect on the economy:If we started in 1960 and we said that as productivity goes up, that is as workers are producing more, then the minimum wage is going to go up the same. And if that were the case then the minimum wage today would be about $22 an hour. So my question is Mr. Dube, with a minimum wage of $7.25 an hourĖwhat happened to the other $14.75? It sure didnít go to the worker.
Read more and video @: Elizabeth Warren: Why Isn't Min Wage Keeping Up With Productivity? Should Be $22 p/h - Americans Against the Tea Party
Cant "raise the minimum wage" my ass. I have a sudden feeling that all that money isnt going to the workers... I feel like its going to the CEO's the management that 1%... Productivity up and wages have remained the same. We have always been told is that in the American dream if you work hard youll make it, youll get paid more. American dream? More like the American myth.