“They cannot determine where “$15” came from; it is a purely arbitrary number divorced from economic reality, so why not $50?”
It is probably some calculation for minimum needed for housing, food, and transportation. The problem is for those of us higher is that prices go up but our pay is basically stagnant, making it tougher and tougher. And they wonder why consumers aren’t spending.
I’m going to settle with it probably sounded good to the average LIV as not being greedy or unreasonable. Or it’s what the unions wanted.