A Democratic gubernatorial candidate in Pennsylvania sees President Obama’s proposed $10.10 minimum wage hike, and raises 60 cents!
Pennsylvania state Treasurer Rob McCord, during a Friday debate, proposed an immediate hike to the state’s minimum wage .”Walmart and McDonald’s can afford this,” McCord said. “Let’s make them pay.”
McCord says that his proposed $10.70 minimum wage accounts for the “ravages of inflation” since 1968 when, according to McCord, the federal minimum wage was at the height of its purchasing power.
According to a statement on McCord’s campaign site,
[box type=”shadow”]February 28, 2014
ROB McCORD PROPOSES RAISING PENNSYLVANIA’S MINIMUM WAGE TO $10.70
McCord Plan would lift more families out of poverty more quickly than any other
Harrisburg, PA – Tonight at the Keystone Progress gubernatorial forum Pennsylvania State Treasurer Rob McCord announced that, as governor, he will raise Pennsylvania’s minimum wage from $7.25 to $10.70 in his first year in office.
McCord’s plan does more than any other current proposal to lift working families above the federal poverty line. It immediately lifts three-person households out of poverty, and lays out annual increases based on the rate of inflation to keep them there.
“Today, too many Pennsylvanians are working twice as hard to get half as far,” said McCord. “I know what it’s like to suffer from wage insecurity because my mom lived through it. A family that works hard and plays by the rules should not be living in poverty. That’s why my minimum wage proposal lifts more than 16,000 working families out of poverty my first year in office. It also gives our state’s sputtering economy a shot in the arm by increasing the purchasing power of thousands of families across the Commonwealth and reducing the number of Pennsylvanians relying on government assistance.”
The purchasing power of the minimum wage has fallen significantly since its historical high in 1968 due to inflation, according to the Pennsylvania Department of Labor and Industry. To keep pace with inflation, the nominal rate of $1.60 at that time would need to equal about $10.70 today. Rob McCord wants to restore
the purchasing power of the minimum wage to that level immediately and provide annual increases of $0.10 per year through 2024. After 10 years, with the rate at $11.60 per hour, subsequent yearly increases would be pegged to the rate of inflation so working families don’t continue to fall behind.
The McCord minimum wage plan will:
• Immediately increase Pennsylvania’s minimum wage to $10.70 in 2015, with an increase of .10 each year through 2024;
• Raise the tipped minimum wage from $2.83 to $5 in 2015, with .10 increases for the first 10 years;
• Preserve a minimum wage of $7.25 per hour for student employees; and
• Set annual increases, based on the rate of inflation, to the minimum wage, tipped minimum wage, and student minimum wage rates.
Currently, 195,000 Pennsylvania workers are currently working at or below the minimum wage (66 percent are women and 40 percent are parents) and there are about 140,000 tipped workers in Pennsylvania (78 percent are women and 10 percent are single parents).[/box]
His complete plan can be found here.