After suffering a historic beating at the polls in 2014, many leading Democrats now say a big reason for their losses is that they failed to drive home with voters a message of economic populism; namely, income inequality, wage stagnation, and the need to raise the minimum wage. They say they are determined to fix that failure in their quest to win back seats from Republicans in 2016.
Democrats, fleeing from Obama’s myriad failures and seeking wedge issues with which to win close races, actually did implement quite a bit of economic populism in the months leading up to the midterms; it just didn’t resonate with voters. As for why it did not resonate, it might be that after six years of Obamanomics – from the “stimulus” package that actually increased unemployment by more than 2%, Son of Stimulus, Cash for Clunkers, Summer of Recovery, Summer of Recovery 2, Summers of Recovery 3 and 4, and so on and so forth - voters simply no long gave Obama and the Democrats credibility on economic matters.
And with good reason. The issue of raising the minimum wage polls well, but in actuality has little bearing on the lives of most voters. The reality is that, according to a report issued by the U.S. Department of Labor earlier this year, only 2.8% of the U.S. labor force earns at or below minimum wage. Of that 2.8%, many workers, such as restaurant servers, make much higher than that due to tips, which reduces the number of Americans actually earning minimum wage to just 1.1%. Of those earning minimum wage, roughly half are workers between the age of 16 and 24 years, and most of these are students working part-time.