06/24/2014
https://www.congress.gov...
"low wages have been one of the reasons that we have hollowed out America's middle class."
"This is a big ticking time bomb because people can get out of other kinds of debt through bankruptcy, but as you know, they cannot get out of student debt."
"And I think you hit a big part of that, Ms. Traub, when you said, 'Because the workers do not have any power.'"
"When minimum wages go up, workers have more money. And when workers have more money, they buy things from the very companies that raised those wages."