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July 24, 2008    DOL Home > News Release Archives > OSEC/OPA 1995   

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Archived News Release--Caution: information may be out of date.

U.S. DEPARTMENT OF LABOR

OFFICE OF PUBLIC AFFAIRS

STATEMENT BY SECRETARY OF LABOR ROBERT B. REICH

Tues., August 1, 1995

For more information call: (202) 219- 8211.

In the last two years, employment has grown by 7 million jobs, productivity growth has rebounded, corporate profits have risen, and the stock market has soared. As the Bureau of Labor Statistics reported last week, wages for the median worker are stagnant and wages for workers at the bottom of the distribution continue their decade-long decline. Research has shown that the decline in the real value of the minimum wage has contributed to the decline of real wages for low-wage workers. If Senators truly believe in making work pay, it's time for the Senate to vote on minimum wage. I support Senator Kennedy's amendment requiring the Senate to vote on the minimum wage before the end of this session of the 104th Congress. Although the Senate was not successful today, I urge the Senate to follow the lead of the 48 Senators who favored holding a vote on the minimum wage before the end of this session.


Archived News Release--Caution: information may be out of date.




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