August 21, 2012. Local electeds gather in Bed-Stuy to announce their support of a bill in Congress to raise worker pay: an article by C. Zawadi Morris, Fort Greene-Clinton Hill Patch.
The current minimum wage, which is at a historic low, would be estimated at $10.50 an hour if indexed with the current rate of inflation. But at its current level, a minimum wage worker earns $15,000 annually – $3,000 below the poverty line, Gillibrand pointed out.
“Imagine how difficult it is to try to provide for your kids on $15,000 a year,” she said. “We have to do better for our families, we have to do better for our kids.”
The Fair Minimum Wage Act of 2012 would boost the incomes of an estimated 651,000 New York City workers, including approximately 195,000 Brooklyn residents, according to the Fiscal Policy Institute, and generate an estimated $618 million of new consumer spending at New York City businesses according to the Economic Policy Institute.