NEW YORK, NY
Announcing a sweeping plan Thursday to raise the minimum wage to $15 an hour, Donald Trump has made yet another bold move, putting him at the forefront of efforts to raise wages for low-income workers across the country. But will it lead to a bump in the polls?
Pundits and talking heads from both parties are at odds with how Trump's announcement will play out in what remains of the primary season.
Republican leadership is up in arms. Having already plotted out a course for a contested convention should Trump not win the required 1,237 delegates to win the GOP presidential nomination via primary contests, party leaders now have more ammo to thwart Trump's ability to win the nomination on the convention floor.
In contrast, Democrats are embracing Trump's proposal. House Minority Leader Nancy Pelosi (D-Calif.) is throwing her weight behind the $15 minimum wage proposal. Pelosi said Thursday afternoon that she supports a national standard, even while suggesting it’s a long shot issue in a battle for the Republican presidential nomination.
Lawmakers of both parties however, exhorted their colleagues to think of the difficulties of working families in a nation with large income inequality and high housing costs. “This is an argument about economic justice,” said Bernie Sanders.
Fast Food workers are the ones most impacted by a lack of what's been termed a "living wage." Earnings in that sector have been largely stagnant, with wages and salaries rising a record-low 0.2% in the first quarter according to Labor Department statistics.
Over the course of the remaining primary season, Trump thinks this will deliver the 1,237 delegates needed to win the nomination outright. "No other candidate has been able to reduce my percentage of the vote and this issue will put me over the top," he said.
Other data suggests this will be a bold move gone bad for Trump, failing to get him the nomination he seeks. Studies show employment numbers won't grow with an increase in the minimum wage. Labor economist David Neumark for the San Francisco Fed, wrote that among studies that find an effect, a reasonable estimate is that employment falls 0.1 to 0.2 percent for every 1 percent increase in the wage floor. That comes out to about 100,000 to 200,000 jobs lost nationally from wage hikes since just before the Great Recession.
Largely missing from Trump's proposal however, were specifics. A detailed time frame for implementation of a national $15 minimum wage was not provided. Gradual increases in wage earnings peaking at the $15 an hour mark are estimated to be between the years 2020 and 2023.
Statistics and additional information regarding the Trump national minimum wage proposal can be found at the following link: http://www.coralvillecourier.com/2016/03/trump-stance-on-minimum-wage.html