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It would not become $15 for 5 years, which is Bernie Sanders's proposal. They could delay the start of the clock to be Jan 1 2022 so it goes into effect 2027.
The minimum wage has traditionally risen by this much every 20-ish years. The last increase occurred in 2009.
It would not become $15 for 5 years, which is Bernie Sanders's proposal. They could delay the start of the clock to be Jan 1 2022 so it goes into effect 2027.
The minimum wage has traditionally risen by this much every 20-ish years. The last increase occurred in 2009.
1938: 0.25
1958: 1.00
1961: 1.15
1981: 3.35
1990: 3.80
2010: 7.25
So,
2010: 7.25
2030: 15.00
makes sense
The inflation rate was much higher for much of the mid and late 20th century than it has been for the last twenty years.
People who are making $10 an hour (more than minimum wage) will expect to get a raise. People making $15 an hour will expect to get a raise. Why should they make less than someone in an entry level job?
It just goes up the chain from there.
I can assure you that is not the case, i work for a very blue state government, and I'm a union member. The min wage has gone up $3.00 in 3 years and we have seen less than $1.00 in pay raises in that time.
If you really want to correct the fall in buying power from inflation, tax increases, and debauched money, let's make it $30 per hour minimum wage.
Every employer will be able to hire 4 times as many, thanks to the invisible pink unicorn of socialism farting glorious clouds of new dollar bills to pay for it all.
With all that pent up demand, the economy will glow and glow.
The inflation rate was much higher for much of the mid and late 20th century than it has been for the last twenty years.
It depends what you look at. Commodity goods, no. Services and housing, yes. So can buy milk and eggs historically cheap but a place to cook them is historically high.
a $15 minimum wage will create a wonderful opportunity for retired boomers who are bored or could use a little spending money, back into the workforce.
McDonald's uses mostly immigrants. On a few occasions, I've run across E. Europeans working there. I don't go there much since microwaveable food has been comparable in quality for many years. The meals are pretty close to $ 10 and have been shrinking and falling in quality for a long time like the other fast food franchises. Five Guys tried premium burgers, which are priced near $ 20 for a meal now, and the franchise will probably disappear in time. Chick-Fil-A is the only one that really uses kids, mostly due to the religious affiliation of the chain.
Parents steer their kids toward activities that look good on college applications. Internships, classes, volunteering, and other scheduled activities that show a diversity in interests and skills.
The main competition is small carryouts which have very few employees. The owner or spouse is out front taking orders. There are 2 cooks if you count the owner/operator. They're not touched by minimum wage laws, being exempt .
Ah yes. The unemployed teenagers. It's good to know people were using that excuse 50 years ago.
I'm going guess you can't be bothered to admit that MF was more or less 100% correct.
According to The BLS about 1% of full time hourly workers earn the minimum wage. MW workers tend to be young and very young and very undereducated. There are no surprises.
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