Posted by: Doug Henwood | October 24, 2014

Minimum wage politics

I haven’t used this venue to promote my Harper’s piece on the awfulness of Hillary Clinton, but that’s about to change. First this little note, and then some bits from the cutting-room floor that wouldn’t fit next week.

Some Democrats have been saying that a Hillary presidency would almost certainly lead to a rise in the minimum wage and a Republican wouldn’t. Maybe. But here’s the recent historical record. I have to admit I was surprised by this, but here you go:

• The real value of the minimum wage rose 7.7% under George H.W. Bush (measuring from January 1989–January 1993—subsequent calculations follow the same template).

• It fell by 1.5% under Bill Clinton.

• It rose by 5.4% under George W. Bush.

• So far under Obama it’s down 1.3%

This history aside, I’m not saying that the minimum wage is more likely to rise under a Rep than a Dem, but Dems’ faith in the certainty of a minwage increase under Hillary seems misplaced.

PS: Yes, Harper’s is beyond a paywall. They also paid me well and have an excellent staff of editors and publicists. You can’t get that good stuff for free.

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Responses

  1. Will be buying that issue of Harpers if I can. I live in a backwater, but the library does have it.

  2. I live in frigging Manhattan and I haven’t come across one yet. Even a big magazine store on 72nd and Amsterdam didn’t have any copies, though the guy said he thinks they get Harpers…. wait a minute…. is somebody on the UWS sabotaging the only publication trying to pierce the Hillary2016 bubble?


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