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I'm a supporter of people earning a living wage. The problem with raising the minimum wage is that no matter what the minimum is it will never be enough. Nobody
by WheelsAtLarge 9y ago
I'm a supporter of people earning a living wage. The problem with raising the minimum wage is that no matter what the minimum is it will never be enough. Nobody want's to earn minimum after you've worked at the same place for years and have someone new come in and earn the same on the first day on the job. Once minimum hits everyone wants a raise too and inflation picks up, eventually the problem returns. It's human nature. Additionally technology will be brought in to reduce costs by reducing jobs.
The fix is to give every one that needs it an income credit. Right now it's only possible through the federal income tax, but you need to qualify, but it should also be in the state income tax too and the qualifications should be income only. Let's say you worked 2080 hours for the year then for every hour you worked you should get some amount that will raise your income to some agreed on minimum.
This has the benefit of stopping the tit for tat raises.