Wednesday morning, Rep. Jesse Jackson, Jr. (D-Ill.) introduced the “Catching Up to 1968 Act of 2012” (H.R. 5901) – legislation to raise the federal minimum wage to $10 per hour. The present minimum wage is $7.25, way below the unrealistically low federal poverty definition of $18,123 per year for a family of three. Adjusted for inflation, the 1968 minimum wage today would be a little above $10 per hour.

Together with Rep. John Conyers (D-Mich.), Rep. Dennis Kucinich (D-Ohio) and Robert Weissman, president of Public Citizen, I was pleased to be with Rep. Jackson at a news conference to explain this long.....