Today, the U.S. Senate bill to raise the minimum wage from $7.25 to $10.10 stalled. If that bill had passed and became law, the increase to $10.10 an hour would not happen overnight, but incrementally over a 2 1/2 year period.
Tuesday, Barbara Boxer (D-Calif.) was speaking about her party’s proposal when she tried (and failed) to use a pop culture reference to solidify her argument. ”Suppose the other side had taken that attitude, don’t raise it.” The 73-year-old Boxer continued, “Well, it would still be, I guess, a buck an hour. 50 cents if you were kids. Today, 50 Cent is a singing group. Am I right about that?”
No, Senator, you are not “right about that.”
50 Cent is a rapper, a solo act, and a very successful one. In fact, Forbes magazine puts the wealth of Mr. Curtis “50 Cent” Jackson at $140 million.