$12 Minimum Wage Critical to Building an Economy that Works for Everyone, Says CAP’s Neera Tanden
WASHINGTON, D.C. – April 30, 2015 – (RealEstateRama) — Neera Tanden, President of the Center for American Progress, released the following statement today on the Raise the Wage Act, legislation introduced by Sen. Patty Murray (D-WA) and Rep. Bobby Scott (D-VA) to raise the minimum wage to $12 by the year 2020.
Building an economy that works for everyone must include proven policies to combat the wage stagnation that is holding American families back. Sen. Murray and Rep. Scott’s legislation addresses our widening economic inequality head on by gradually raising the minimum wage to $12 by 2020. Their proposal would also index the federal wage to the median wage and, importantly, eliminate the $2.13 tipped wage over time, which would helpshrink the gender wage gap since women hold two-thirds of tipped-wage jobs.
When workers have more money in their pockets, businesses benefit because consumers have more money to spend in their communities and local stores. And it’s good news for taxpayers, who currently spend billions of dollars annually subsidizing the low wages provided by companies that pay poverty wages. When companies pay poverty wages, millions of Americans—even those who work 40 hours per week, 52 weeks per year—must rely on programs such as nutrition assistance to make ends meet.
Inclusive prosperity means that working families—not just those at the top—have the opportunity to get ahead. With wages across the board flatlining, lifting the minimum wage is an important first step to invest in the working Americans that help drive the economy. Now is the time for Congress to come to the table and work together to raise the wage.
The following experts are available to comment on the Murray-Scott bill to raise the minimum wage:
- David Madland, Managing Director, Economic Policy
- Michael Madowitz, Economist
- Melissa Boteach, Vice President, Poverty to Prosperity Program
- Rebecca Vallas, Director of Policy, Poverty to Prosperity Program
- Sarah Jane Glynn, Director, Women’s Economic Policy
- Rachel West, Senior Policy Analyst, Poverty to Prosperity Program
- Brendan Duke, Policy Analyst, Middle-Out Economics
- Report of the Commission on Inclusive Prosperity by Lawrence H. Summers and Ed Balls
- The Murray-Scott Minimum-Wage Bill: A Win-Win for Working Families and Taxpayers by Rachel West
- Infographic: Raising the Minimum Wage Would Have the Greatest Impact on Working Women by Sarah Jane Glynn
For more information or to speak with an expert, contact Allison Preiss at"> or 202.478.6331.
To speak with our experts on this topic, please contact:
Print: Liz Bartolomeo (poverty, health care)
202.481.8151 or ">
Print: Tom Caiazza (foreign policy, energy and environment, LGBT issues, gun-violence prevention)
202.481.7141 or ">
Print: Allison Preiss (economy, education)
202.478.6331 or ">
Print: Tanya Arditi (immigration, Progress 2050, race issues, demographics, criminal justice)
202.741.6258 or ">
Print: Chelsea Kiene (women’s issues, Talk Poverty, faith)
202.478.5328 or ">
Print: Elise Shulman (oceans)
202.796.9705 or ">
Print: Katie Murphy (Legal Progress)
202.495.3682 or ">
Spanish-language and ethnic media: Jennifer Molina
202.796.9706 or ">
TV: Rachel Rosen
202.483.2675 or ">
Radio: Chelsea Kiene
202.478.5328 or ">
Contact: Allison Preiss