Minimum Wage - to $15 [View all]

[James48]

So I’d like to hear your thought on the $15 minimum wage issue.

I know lots of folks on the other side are now screaming not to do it. (Of course, those are all the ones making $15 now, saying lower people don’t deserve to make $15).

But there is a good question- How fast, and how far should the wage be raised?

I’m not an advocate of going from $7.25 to $15 overnight, all at once. I’m more like going to $10 now, then $1 each January for five years. That way the economy. An digest the increases a little better.

But I’m also aware that many may want a different structure for how we get to $15.

I’m old enough to remember yearly changes in the minimum wage, seemingly tied to cost of living. That resulted in some higher inflation too, in the 70’s. That’s got to be kept in check too. But today’s almost zero inflation is bad fir us as well. So how do we roll out a wage increase, so that it is the right balance?

I’m eager to hear your thoughts.