I thank you both for being here tonight to talk about what is really a critical issue, the increase in the minimum wage which took effect on July 24, 2007, so we are actually celebrating it tonight. It is not just an important economic issue that will affect nearly 13 million people across this country, 5.3 million people who will directly benefit immediately and 7.2 million people who will indirectly benefit as a result of a new wage floor, but it is an example of what we are taking on really as a moral imperative in this new Congress. Because when you think about waiting 10 years for a rise in the minimum wage, Madam Speaker and my friends, you cannot imagine how, in a period of growing income inequality, those who need a reasonable minimum wage the most have been left behind so much. ...while we as a Nation have borrowed to make ends meet for things like our war and tax breaks for those at the very top, we have had growing income inequality.
Editor's note · Context
Discussing the increase in the minimum wage and its implications for income inequality.
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