Wonder what welfare pays per week?
My first job over 30 years ago paid $6.00/hr. I can't believe you could even find a job that offered a wage as low as $5.15/hr. The free market works. Instead of voting to raise the minimum wage, they should rescind the law altogether.
"I can't believe you could even find a job that offered a wage as low as $5.15/hr."
Wanna bet? :)But then again, just last week I had to "explain" "cost of living" to a young man from CA who was dumbfounded at how "cheap" things are around here. ;)
That being said, the last thing I want is a "raise" in the minimum wage, which benefits no one but "govt." in the form of increased taxes on said increased wages. In the meantime, since the choice of employers is to either decrease employees or raise prices or both, the net result is to a: increase the number of minimum wage earners by encompassing those earning more than the present minimum but less than the new minimum and b: that said minimum wage earners end up even worse off than they were before the raise. :(
Don't our GOP Congressmen and Senators have any cojones at all?!
That's why I think we need to index the minimum wage for inflation. It's so low, it's not really hurting anything now. Indexing it for inflation will take the issue off the table forever, but will continue to keep the minimum wage from being a problem. (Indexing a wage to inflation instead of wage growth will allow it to fall further and further behind. That is why Social Security is indexed to wage growth.)
They want to increase the minimum wage by 40% over two years.
While few people actually work for the minimum wage, this will shift result in shifting a lot of hourly pay scales up and will cause a significant jump in inflation.
Socialism doesn't work.