Weekly
Address: Time to Lift the Minimum Wage and Give America a Raise
The White House
February 22, 2014
Hi, everybody.
Restoring the idea of opportunity
for all requires a year of action from all of us. Wherever I can act on my own, I will – and
whenever I can ask more Americans to help, I’ll do that too.
In my State of the Union Address,
for example, I asked more business leaders to take action to raise their
employees’ wages. Because even though
our economy is growing, and our businesses have created about eight and a half
million new jobs over the past four years, average wages have barely budged.
So it’s good news that, earlier
this week, one of America’s largest retailers, The Gap, decided to raise wages
for its employees beginning this year.
Their decision will benefit about 65,000 workers in the U.S. That means more families will be able to
raise their kids, finish their studies, or keep up on their bills with a little
less financial stress and strain.
Gap’s CEO explained their
decision simply – he said, “[It’s] right for our brands, good for our people,
and beneficial to our customers.” And
he’s right – raising Americans’ wages isn’t just a good deed; it’s good
business and good for our economy. It
helps reduce turnover, it boosts productivity, and it gives folks some more
money to spend at local businesses.
And as a chief executive myself,
that’s why I took action last week to lift more workers’ wages by requiring
federal contractors to pay their employees a fair wage of at least $10.10 an
hour.
In the year since I first asked
Congress to raise the minimum wage, six states have passed laws to raise
theirs, and more states are working on it as we speak. But only Congress can finish the job and lift
Americans’ wages across the country.
Right now, there’s a bill before
Congress that would boost America’s minimum wage to $10.10 an hour. That’s easy to remember – “ten-ten.” That bill would lift wages for more than 16
million Americans without requiring a single dollar in new taxes or
spending. But even though a majority of
Democrats, Independents, and Republicans across the country support raising the
minimum wage, Republicans in Congress don’t want to give it a vote.
Hardworking Americans deserve
better than “no.” Let’s tell Congress to
say “yes.” Pass that bill. Give America a raise. Because here in America, no one who works
hard should have to live in poverty – and everyone who works hard should have a
chance to get ahead.
Thanks, and have a great weekend. |
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