Robert Reich: Want To Fix The Economy? Here’s Step #1 (VIDEO)


Robert Reich, one of the nation’s leading experts on work and the economy, and the former Secretary of Labor under President Bill Clinton, is coming out with ten steps to fix the economy, in ten separate videos. The first video addresses the very first thing he says that absolutely needs to be done, and that is to raise the minimum wage to $15.00 per hour.

He starts talking about the moral reason, by saying that no one working full-time should have to live in poverty. But, instead of trying to pull at the heart strings as the basis for his argument, he begins the discussion by mentioning a simple fact:

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If the minimum wage had kept up with inflation since 1968, it would be more than $10.52 today. Additionally, if it had kept up with the added productivity of American workers since then, it would be $21.72.

He says that $15.00 is a “winnable plan,” and even debunks a common myth and key talking point of conservatives who say that minimum wage jobs are meant for teenagers, not for people that are supposed to support a family. “They are simply wrong,” says Reich. “Half of all minimum wage workers are 35 years or older. Most are woman, and are the breadwinners of their family.”

Mr. Reich doesn’t view $15.00 as a lofty goal. On the contrary – he views it as the least we can do.

Watch Step #1 to creating a winning economy: 

Featured Image: screen capture

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