3 ms·
$15/hr is the median wage for everyone in some States, and not that far below the national median. It would destroy businesses that can't afford to subsidize th
by jandrewrogers 6y ago
$15/hr is the median wage for everyone in some States, and not that far below the national median. It would destroy businesses that can't afford to subsidize that wage with high-margin tech business on the side like Amazon can.
It is extremely distortionate to set the minimum wage at the current median. There is not remotely enough margin available to make that reallocation possible without radically reducing income for the majority of workers either through job loss or income reduction.