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Old Crank
Old Crank's Journal
Old Crank's Journal
February 4, 2021
Fight for $15
$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
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Name: RalphGender: Male
Current location: München, DE
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