of cost-of-living data from Massachusetts Institute of Technology researchers looks at how a $15 minimum wage stacks up against a living wage.
For families with two children and two parents working at the minimum wage, current minimums in every state are below a living wage, and even the proposed increase to $15 an hour may still fall short for those families. As CNBC reports:"A $15 minimum wage would push a number of states closer to a living wage, but none would meet or exceed it.
Democrats are currently pushing for a $15 minimum wage as part of President Joe Biden's $1.9 trillion stimulus relief package, aiming to pass the increase through reconciliation. However, Biden has that he thinks the raise won't be feasible — and two Democratic senators have also expressed their hesitations.
Not only this but the implications on inflation are also a concern - talking about all that and more with today’s market in our group here ——
They still won’t understand it tho. They need to be pushing to get the government out the way of business owners.
Maybe true, BUT 15 IS A LOTTTTT BETTER THAN $7.50/HR!!! so how about we settle and be content with a doubling in minimum wage, then work from there, BUT JUST GET THE SHIT DONE!
It’s a start...small business owners will be most effective. Uncle Sam will make more tax revenues though. That’s what this is all about. Taxes. Deficits.
Lol. It’s never enough...and will never be enough.