We've all been hearing alot about increasing the minimum wage.
Seattle just decided to take the lead and has decided to boost the minimum wage there to $15/hr.
I'm glad they were willing to experiment and see what happens. If it's successful there, it will be a big boost to the movement.
I think, however, that the real reason for the lefts drive to increase the minimum is less noble than helping the working poor.
It's super simple, really. Most union contracts formulate their wages by minimum wage × Y
Raising the national minimum wage would boost the wages significantly of most of the remaining union members.
If you now enjoy a secure living making $15/hr, which is not terribly hard to work up to, raising the minimum wage to $10/hr would eviscerate your spending power.
The actual percent of the work force actually working for the minimum is fairly low. I think it's under 5 percent.
Seattle just decided to take the lead and has decided to boost the minimum wage there to $15/hr.
I'm glad they were willing to experiment and see what happens. If it's successful there, it will be a big boost to the movement.
I think, however, that the real reason for the lefts drive to increase the minimum is less noble than helping the working poor.
It's super simple, really. Most union contracts formulate their wages by minimum wage × Y
Raising the national minimum wage would boost the wages significantly of most of the remaining union members.
If you now enjoy a secure living making $15/hr, which is not terribly hard to work up to, raising the minimum wage to $10/hr would eviscerate your spending power.
The actual percent of the work force actually working for the minimum is fairly low. I think it's under 5 percent.