By Jueseppi B.
In this week’s address, Vice President Biden discusses the importance of raising the federal minimum wage. It’s good for workers, it’s good for business, and it would help close the gender pay gap, as women make up more than half of the workers who stand to benefit from a raise. And as the Vice President highlights, Congress should boost the federal minimum wage because it is what a majority of the American people want.
Weekly Address: Raise The Minimum Wage – It’s The Right Thing To Do For Hardworking Americans
WASHINGTON, DC— In this week’s address, Vice President Biden discusses the importance of raising the federal minimum wage. It’s good for workers, it’s good for business, and it would help close the gender pay gap, as women make up more than half of the workers who stand to benefit from a raise. And as the Vice President highlights, Congress should boost the federal minimum wage because it is what a majority of the American people want.
The audio of the address and video of the address will be available online at www.whitehouse.gov at 6:00 a.m. ET, Saturday, March 29, 2014.
Remarks of Vice President Joe Biden
The White House
March 29, 2014
Ladies and gentlemen, I’m Joe Biden. I’m filling in for President Obama, who is abroad.
I want to talk to you today about the minimum wage and the overwhelming need to raise the minimum wage. There’s no reason in the world why an American working 40 hours a week has to live in poverty. But right now a worker earning the federal minimum wage makes about $14,500 a year. And you all know that’s incredibly hard for an individual to live on, let alone raise a family on.
But if we raise the minimum wage to $10.10 an hour, that same worker will be making $20,200 a year—and with existing tax credits would earn enough to bring that family or a family of four out of poverty. But there’s a lot of good reasons why raising the minimum wage makes sense.
Not only would it put more hard-earned money into the pockets of 28 million Americans, moving millions of them out of poverty, it’s also good for business. And let me tell you why.
There’s clear data that shows fair wages generate loyalty of workers to their employers, which has the benefit of increasing productivity and leading to less turn over. It’s really good for the economy as a whole because raising the minimum wage would generate an additional $19 billion in additional income for people who need it the most.
The big difference between giving a raise in the minimum wage instead of a tax break to the very wealthy is the minimum wage worker will go out and spend every penny of it because they’re living on the edge. They’ll spend it in the local economy. They need it to pay their electric bill, put gas in their automobile, to buy fundamental necessities. And this generates economic growth in their communities.
And I’m not the only one who recognizes these benefits. Companies big and small recognize it as well. I was recently in Atlanta, Georgia, and met the owner of a small advertising company, a guy named Darien. He independently raised the wages of his workers to $10.10 an hour. But large companies, as well, Costco and the Gap—they’re choosing to pay their employees higher starting wages.
A growing list of governors are also raising wages in their states – the minimum wage. They join the President who raised the minimum wage for employees of federal contractors like the folks serving our troops meals on our bases. They’re all doing this for a simple reason. Raising the minimum wage will help hardworking people rise out of poverty.
It’s good for business. It’s helpful to the overall economy. And there’s one more important benefit. Right now women make up more than half of the workers who would benefit from increasing the minimum wage. Folks, a low minimum wage is one of the reasons why women in America make only 77 cents on a dollar that every man makes. But by raising the minimum wage, we can close that gap by 5 percent. And it matters. It matters to a lot of hardworking families, particularly moms raising families on the minimum wage.
And one more thing, folks—it’s what the American people want to do. Three out of four Americans support raising the minimum wage. They know this is the right and fair thing to do, and the good thing to do for the economy. So it’s time for Congress to get behind the minimum wage bill offered by Tom Harkin of Iowa and Congressman George Miller of California—the proposal that would raise the federal minimum wage from $7.25 an hour to $10.10 an hour.
So ask your representatives who oppose raising the federal minimum wage—why do they oppose it? How can we look at the men and women providing basic services to us all, like cleaning our offices, caring for our children, serving in our restaurants and so many other areas—how can we say they don’t deserve enough pay to take them out of poverty?
The President and I think they deserve it. And we think a lot of you do too. So, folks, it’s time to act. It’s time to give America a raise.
Thanks for listening and have a great weekend. God bless you all and may God protect our troops.
VIDEO MENSAJE DE LA CASA BLANCA: Es Tiempo de Aumentar el Salario Mínimo
March 29, 2014 | 4:03 |Public Domain
En el mensaje de esta semana, la Directora del Consejo de Política Doméstica de la Casa Blanca, Cecilia Muñoz habla sobre la necesidad de que el Congreso actúe para aumentar el salario mínimo. También, damos la bienvenida a la confirmación del Senado de María Contreras–Sweet para liderar la Administración de las Pequeñas Empresas. María será una ferviente campeona para las pequeñas empresas y ayudará a aumentar el crecimiento económico y ampliar las oportunidades para todos.
President Obama Announces Presidential Delegation to the Kingdom of Spain to attend the State Funeral for former President Adolfo Suarez Gonzalez
President Barack Obama today announced the designation of a Presidential Delegation to the Kingdom of Spain to attend the State Funeral for former President Adolfo Suarez Gonzalez, on March 31, 2014.
The Honorable Ray Mabus, Secretary of the United States Navy, will lead the delegation.
Members of the Presidential Delegation:
The Honorable James Costos, United States Ambassador to the Kingdom of Spain and the Principality of Andorra
The Honorable Bob Graham, former United States Senator from Florida
West Wing Week 03/28/14 or, “The 2014 European Edition”
March 28, 2014 | 3:22
Welcome to a special, travel edition of the West Wing Week. The President spent this whirlwind week working in Europe, where he attended the third, biennial Nuclear Security Summit in The Hague, traveled to Brussels for an EU-US Summit, and then on to Rome, where he met with His High Holiness Pope Francis.
President Obama hits Chicago Wednesday for DNC fundraisers
President Barack Obama hits Chicago on Wednesday for two jumbo priced fundraisers to benefit the Democratic National Committee.
Obama hosts a roundtable—I am told keyed towards business executives—at the Chicago Cut Steakhouse downtown where about 25 folks are expected; the tab is up to $32,400. The Obama roundtable is hosted by Mesirow Financial Chairman and CEO Richard Price.
Later, Obama is the headliner at a dinner for about 55—donating up to $10,000–at the Lincoln Park home of Craig Freedman and Grace Tsao-Wu, who is an Obama major donor and fund-raiser.
“It will be a great opportunity to get a photo with the President and hear him speak in an intimate setting,” a note with the invite for the Lincoln Park event said.
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