From: Jurriaan Bendien (adsl675281@TISCALI.NL)
Date: Sat Aug 05 2006 - 09:01:44 EDT
There's hardly a better argument for an independent American workers' party than the defeat in the Senate of proposals to raise the US minimum wage from $5.15 per hour (€ 3.99 ) to $7.25 (€ 5.62) per hour. (In the Netherlands, the minimum wage for workers aged 23+ is € 7.68 per hour, or $9.89). Corrected for inflation, the US minimum wage is now at its lowest since the 1950s. In the US, about 15 million people (or about one out of nine who are employed) get $7.25 or less per hour. The proposal was defeated, because the GOPs wanted no estate tax on personal fortunes of less than $5 million, as a tradeoff, and the Dems rejected that idea. J.
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