It needs to be raised. The min wage I made in 1978 is 14.59 an hour today. 1/2 the country is making 12-15 an hour today and those wages need to come up.we are now a nation of have and have nots and it will not survive as such
Raising the minimum wage does nothing to help anybody. All prices will increase to absorb the wage increase, so you are right back to where you started.
I worked for 50 cents and hour minimum wage in 1971.
A Burger King Whopper was 59 cents. Gasoline was 30 cents /gal. Milk was 49 cents a gal. Cigarettes were a quarter a pack....................
Raised by whom?
When government does it, because government can not dictate productivity increases to mitigate the harm done by the wage increases, low skill, entry level jobs disappear.
How in Hades is that good for your have-nots?
And those on fixed incomes, such as the elderly, will have less due to the increase in costs of goods and services.......
It's not the job of the government to tell any private sector employer how much they have to pay their employees.....
That's pretty much all myth. There is social mobility and lots of opportunity. Unfortunately we had and will have open borders and an increasing tax and regulatory burden on small businesses. Those are the problems that need to be fixed.
While everyone is worried about illegals, and Indians taking our tech jobs, you better watch what the left hand is doing. AI is about to hit us in a big way. It is only a matter of time before customer service will be totally AI. It is even cheaper then using customer service people in Manila. There is one company that claims it will start producing 10,000 AI life like robots for face to face customer service work in the next couple of years. You already talk to an AI customer service rep when you call companies like AT&T. As AI becomes more advanced, next ten years, you will never know if you are speaking to a AI or a human. Millions of jobs especially in government will gradually disappear. It is only a matter of time before you speak to a machine at McDonald's. They already do not need cashiers, it is just cheaper to hire a cashier then to buy a machine. That will change soon enough.
So by all means artificially inflate a workers value via government dictate, watch as jobs disappear to be replaced by AI because they do not need insurance or collect unemployment.
The democrats will never raise the minimum wage to $15.00/hr. Why? A married couple both making a minimum wage at that level would no longer qualify for any government assistance and the Democrats DO NOT WANT THAT POWER OVER the “POOR” TO BE ELIMINATED.
minimum wage was $1.25 in 1964, the last year coins contained silver. if you were paid $1.25 in five quarters, those 5 quarters - of 90% silver - would contain 0.9 ounces of silver. That’d be $27 as of this moment.