Old CrankOld Crank's Journal
$15 per hour?
Some interesting and shocking data.
$15 per hour is a higher wage amount than 30% of American workers make.
Minimum wages up to 60% of median wages will have NO effect on employment.
This remains the same for minimums up to 80% of the median pay in low-wage regions.
Pushing the minimum wage up to $ 15 in steps over 4 years will raise the median wage and make it easier to boost each step.
Here is the shocking part.
A $15 minimum wage in Mississippi would be 100% of the median wage currently paid to the states workers. Currently half the states workers are paid $15 per hour or less. That is $600 a week.
Numbers from The Economist, Jan. 30, 202, Free exchange: the fight over fifteen
Profile InformationName: Ralph
Current location: München, DE
Member since: Tue Nov 14, 2017, 06:17 AM
Number of posts: 2,791
About Old CrankCurrently living in Germany, enjoying the culture, enjoying the food, enjoying the travel. Not enjoying the winters, or the Deutsches lernen... Born in Canada. Parents moved to Arizona in 1965. Spent 5 years in the USAF and 2 of those on Crete. Lived in Fresno, Las vegas, Sunnyvale, CA.
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