President Barack Obama may have aimed too low in his push this year to raise the minimum wage.
Obama wanted the minimum wage to increase from $7.25 an hour to $10.10 by 2016. But House Republicans have blocked such legislation.
The minimum wage was last increased nationally in 2009. Adjusted for inflation, some economists have said it should have been $10.55 an hour in 2012 dollars.
Seattle may be paving the way for the nation to get there with the City Council on Monday passing an ordinance to gradually raise the minimum wage to $15 an hour. The Emerald City then would have the highest minimum wage in the country.
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The International Franchise Association, a group that represents franchise owners, told The Associated Press it plans to file a lawsuit to stop the ordinance. No doubt nationwide protests by low-wage workers also will continue the push from the other side of the contentious issue.
The growing wage gap between workers and executives will be the new battleground going into this year’s midterm and the 2016 presidential elections. Who will come out ahead is a good question.
But because there are far more workers than executives, it wouldn’t be wise to bet against the little guy.