3 ms·
Why is $15/hr the magic number? Just because it's some round number? If raising the minimum wage has had nothing but positive effects, why not raise it to $20
by tosser0001 7y ago
Why is $15/hr the magic number? Just because it's some round number?
If raising the minimum wage has had nothing but positive effects, why not raise it to $20/hr - or some other number calculated for maximum benefit - who knows what that would be?
- WhompingWindows 7y agoDo you think it'd be as snappy if Bernie was up there at the podium asking for $14.79 per hour? These are arbitrary numbers, when thinking on an economy-wide scale, because $15/hr does a LOT more for someone in a small town than a big city. The point is to pick something reasonably high, a non-starvation wage, that is also easy to market to the masses. I don't think economists are huge fans of $15/hr across the board, so $20/hr would probably be abhorrent to them. But economists can be totally wrong and still keep their jobs and respect due to the political use of economics these days.
- linuxftw 7y agoI would be in favor of raising it to $30/hr. Labor would become so valuable, so many people would start their own independent businesses. There would be no way to enrich the middle managers and the useless executives, they'd have to make reasonable salaries. Of course, we'll have to raise tariffs to keep all the jobs from shifting overseas, but things would level out eventually.