$16 per hour is mouse nuts.
Make it $36.
Or $44.
Why not $86?
Why not ....?
This reminds me of how FDR decided that the price of gold should be $35 per ounce. He picked a number out of thin air. He said that 35 is divisible by 7, and 7 is a lucky number.
Why not use the year, just specify that in 2016 the minimum wage goes to $2016.00 an hour and moves up with the year thereafter. If people think that is too high they obviously don’t believe in the minimum waqe concept. If 2016 an hour is too high how do they know that 20.16 an hour is not too high? How do they know that 2.016 or even .2016 an hour is not too high? Maybe we should do something foolish and return to the free market concept? How about returning to real money? Now there is a really radical idea, back in the days of real money the old expression, “another day, another dollar” was based on reality.
I actually recall reading an article back in the sixties lamenting the fact that a young person who wanted to go into farming needed the huge sum of...$30,000. in capital to get started, this was considered nearly insurmountable for most. Fifty years later the dollar has been watered down to the point that some used cars sell at auction to dealers for more than $30,000. and they are being bought for resale. If we had real money and a free market we would not need to worry about silly ideas like the minimum wage.
$16 was obviously a misquote. He must have said $116. Anyone familiar with the magic of economics is aware that 1+1+6=8, and 8 is the digit imbued with power of increasing money and improved finance.