anonymoose (05-17-2021)
anonymoose (05-17-2021)
$50 is above the average hourly wage of little higher than $30, so it would require most Americans to get an unreasonable pay increase. $15 would only require a some Americans to get a pay increase. $15 would mean that many law wage workers would no longer need government benefits, so would save on taxes. It would move people into prime taxpaying earning rates.
Why $15 rather than $20 is a harder question to answer. It appears that 50% of average wages works best as a minimum wage works best. There have been a huge number of studies, but it is not certain why.
Any number you use is nothing but arbitrary. There is no reason why if you think $15 works than $50 works even better. The other factor is not everyone is worth $15 an hour and govt intervention to force a mw unnecessarily burdens businesses. Flipping burgers is not worth $15 in any universe.
That is not true. It is not certain, but there is a good distance between not certain, and arbitrary.
Pushing up minimum wages too much decreases employment, and pushes up inflation. Pushing down minimum wages too much decreases employment, and pushes up deflation. There is a middle ground that is perfect, which is usually in the neighborhood of 50% average hourly wages.
In Australia, they are.
The Bureau of Labor Statistics gives us the actual picture
https://www.bls.gov/opub/reports/min...5%20per%20hour.
Minimum wage workers are mostly young work part time and lesser educated. In other words MW jobs are transitional. Everyone of us has had a mw job probably. I did but you don't stay there forever unless you're unmotivated. This is just another way leftists want to ruin America.
I remember they had high taxes on alcohol. They used to have bizarre rules for when you could drink, with bars closing at 6:00 pm. But a Big Mac costs an average of US$4.98, whereas it costs an average of US$5.66 in the USA. Apparently, higher burger flipper costs does not relate to higher burger costs.
https://www.statista.com/statistics/...for-a-big-mac/
Right now, employers are being given unreasonable expectations, and working people are being driven into poverty. That is screwing the system, as we desperately try to pay for the damage such a low minimum wage is doing. It is making it difficult to find employees, and driving down investment in automation. It is destroying our economy.
Our economy is a consumer based economy. You remove a huge chunk of consumers, and you have a mess.
Placing a worth on a person's effort is beyond mere mortals to decide. What we are talking about is what is the best minimum wage for the overall economy.
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