"Income inequality holds people back and trickle-down economics has never worked. Let’s support policies that allow the middle class to keep more of their hard-earned money in their pockets and build our economy from the people up." - Lorie Burch
As National President of the American Business Women’s Association, I advocated for equal pay for women - particularly for women of color who face the greatest wage disparity. To help begin to close this gap, employers must be more transparent with their wages and pay practices, and we need to hold businesses accountable when they discriminate based on gender, race, or parental status.
Income inequality in America has been on the rise for decades. Today’s single-income, minimum wage workers often need to work more than one job to get by. While the recent tax reforms offered some relief to low and middle-income Americans, they largely served big business and the wealthy, failed to deliver on closing loopholes and simplifying the system, and will likely add to our nation’s growing debt.
If we truly want to support hard-working Americans, we need to put forward more policies that will impact them directly, and not just hope that huge breaks for corporations will solve our problems. Beyond a fair and transparent tax code, this means sensible regulations that reward our entrepreneurial spirit while protecting our safety, and serious investment in education, healthcare, and infrastructure to make sure we all benefit from America’s economic success.
Because incomes for the working class have largely remained stagnant, I believe it is time to take a hard look at raising the federal minimum wage, building upon the lessons learned in states and communities that have already begun to surpass it.