General Discussion
In reply to the discussion: Do you think the Federal minimum wage should be $15 per hour? [View all]marym625
(17,997 posts)And I did read that you support some increase. But you didn't address the fact, that even if the CBO report is correct, 98% of those affected would be affected positively, and so would the economy.
The minimum wage should be with inflation, productivity increases, just under $15 per hour. There is no reason to believe that minimum wage growing along with the economy would do harm to the economy. $10 per hour might do a little good but not what is needed. The idea that pulling people out of poverty would hurt the economy makes no sense.
The average gap between highest and lowest paid employees is 331 times. (Edited - I said it incorrectly 1st) That's insane. http://america.aljazeera.com/articles/2014/4/15/executive-pay-compensationceoworkerratio.html
Even in smaller, family owned companies, that is the trend.