Posted on 02/10/2020 2:57:50 PM PST by Libloather
Billionaire activist and 2020 Democrat Tom Steyer pledged to push for a $22 minimum wage if he wins the White House in November.
Steyer made the pledge while campaigning in Winnsboro, South Carolina, on Sunday. His minimum wage standard is the highest so far of the Democratic presidential primary field.
The federal minimum wage has sat at $7.25 for the past decade. Washington, D.C., and 29 states have set higher standards, however.
Steyer’s wage floor is set much higher than what most politicians and activists are currently calling for. Former Vice President Joe Biden, former South Bend, Indiana, Mayor Pete Buttigieg, Sen. Bernie Sanders of Vermont, and Sen. Elizabeth Warren of Massachusetts have all released plans calling for a $15 minimum wage.
(Excerpt) Read more at washingtonexaminer.com ...
Why not just make everything FREE? Then no one will need to make stupid promises.
Idiots.
He’s free to pay his current minimum wage employees that amount right now... Nothings stopping him... Except his greed for more money.
Sorry to break this to you. Using your numbers, minimum wage has more than quadrupled since you were sixteen. ($2.30x3 = $6.90 & $2.30x4=$9.20)
‘In 1976 when I was 16 and started to work MW was 2.30 hour. 2019 it is now 9.45 hour. So in 43 years it has only raised 7.15. However food, gas, housing has what tripled, quadrupled?
So yes it needs to be raised to 12.00 at least.’
I’m waiting for $228/ an hour. Think about how much a Big Mac would cost... Idiots should be anywhere near math problems... They can’t figure out that a $15/hour will push up the living wage?
India and China and Mexico...
Is it? Labor is 20-30% of restaurant costs. The other 70% is overhead, taxes, utilities and oh yeah, food.
Yet another reason for high protective import tariffs.
Raise the minimum wage enough and you get very vigorous labor cost-push inflation. Then $22 wouldn’t be enough for long.
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