Minimum Wage - to $15

[Hoyt]

4. Biden's minimum wage affects federal employees as I understand it.

Probably not many at $15/hour.

Most large companies pay at, or near that, now. Cities that have enacted $15 minimum wage, include a lengthy period before it is required. And I think they are all a year or more away.

Point is, it’s not really a sudden change.

I do agree that the issue is complicated in some respects. There are areas of the country that will lose jobs if every small business has to pay $15/hour. There are age groups and perhaps with limited experience who might lose jobs. But I think those exceptions — say a training rate somewhat lower than $15/hour — should be relatively small.

Now I’d probably support a government subsidy in areas/circumstances where small businesses really can’t supply $15/hour for everyone.

Believe jobs should provide a livable wage, but would hate to see small businesses in rural areas giving up in short-term. Think that would be counterproductive.