Word: wages
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Dates: during 2000-2009
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...Many of the winning Democratic candidates, such as Brown, ran on a populist platform, emphasizing pocketbook issues like raising the minimum wage and attacking oil and drug companies. But even if economic populism did help elect many Democrats, will it necessarily sell in a presidential race? You might remember that a Democratic presidential candidate once spent the latter half of his campaign railing about the evils of powerful corporate interests and was widely criticized for it by many in his own party and lost. His name was Al Gore. And the Democrats can't even agree on the hero...
...consequence, the maquila operations along the border have bled 800,000 jobs in recent years. Infrastructure investment has dropped off so much in Mexico that for relatively light goods, it is just as cheap for the U.S. to import from China as from southern Mexico. And although a Mexican wage earner is paid three times as much as his Chinese counterpart, high domestic prices undercut, and nearly level out, his purchasing power. (Conversely, high domestic prices also push up those wages, further undermining Mexican firms' competitiveness.) "For Latin America, China is an incredible opportunity as a driver of commodity prices...
...Minimum Wage...
...after elections, the President's most prominent offer of cooperation came on this issue. Democrats have long made raising the federal minimum wage, which hasn't budged since 1997, a centerpiece of their platform. They want to boost it from $5.15 an hour to $7.25. The party's congressional members have pledged not to raise their own pay until the hike passes...
...Democrats from across the political spectrum are finding common ground on economic issues, including CEO pay and the minimum wage - populist messages that had been muffled among Democrats during the economic boom times of the Clinton Administration. "They resonated this time a lot louder than they have in a long time," Todd said...