Cory Booker on Jobs
BOOKER: Well, politics is a zero-sum game. The spirit of Martin Luther King taught me that love multiplies and hate divides. We've got too much division going on in our politics. Where people come together, you make remarkable results. Well, Chris Christie and I disagree on most things. But if we just sat back in our relative partisan positions, we wouldn't have gotten anything together. The fact that we've come together right now has created the largest economic development period in Newark in over a generation. In fact, we are 3% of the state's population with a third of all the development in New Jersey is going on in Newark, in commercial multi-families. Our biggest boom, period, because we found ways to get together.
Congressional summary: Increases the federal minimum wage for employees to:
Proponent's argument in favor (RaiseTheMinimumWage.com): The federal minimum wage of $7.25 per hour remains decades out of date, and the federal minimum wage for tipped workers--$2.13 per hour--has not increased in over 20 years. The minimum wage of the past provided significantly more buying power than it does today. The minimum wage of $1.60 an hour in 1968 would be $10.56 today when adjusted for inflation.
Opponent's argument against: (Neil King in Wall Street Journal, Feb. 24, 2014): The CBO concluded that a jump in the minimum wage to $10.10 an hour could eliminate 500,000 jobs. For Republicans, the report provided ammunition that a higher minimum wage would kill jobs. Democrats pointed to the CBO's findings that the higher wage would lift 900,000 people out of poverty. But both sides missed a key finding: That a smaller hike from the current $7.25 to $9.00 an hour would cause almost no pain, and still lift 300,000 people out of poverty while raising the incomes of 7.6 million people.Congressional Budget Office report:: Once fully implemented, the $10.10 option would reduce total employment by about 500,000 workers, or 0.3%. Some people earning slightly more than $10.10 would also have higher earnings, due to the heightened demand for goods and services. The increased earnings for low-wage workers would total $31 billion. Accounting for all increases and decreases, overall real income would rise by $2 billion.
|Other big-city mayors on Jobs:||Cory Booker on other issues:|
Mike Bloomberg (I,New York City)
Cory Booker (D,Newark,NJ)
Julian Castro (D,San Antonio,TX)
Rahm Emanuel (D,Chicago)
Phil Gordon (D,Phoenix)
Tom Menino (D,Boston)
Michael Nutter (D,Philadelphia)
Annise Parker (D,Houston)
Mike Rawlings (D,Dallas)
Jerry Sanders (R,San Diego)
Antonio Villaraigosa (D,Los Angeles)
Rocky Anderson (I,Salt Lake City)
Tom Barrett (D,Milwaukee,WI)
Jerry Brown (D,Oakland,CA)
Rudy Giuliani (R,New York City)
Dennis Kucinch (D,Cleveland,OH)
Sarah Palin (R,Wasilla,AK)