When minimum wage is so low, it's the Tax Payer that is picking up the tab. If a worker works 40 hours a week at $15 an hour that's $600 a week. $2,400 a month. $28,800 a year. That's widening the tax base, my friend. That also means that they start not qualifying for other programs that they would qualify for at the federal minimum wage level of $7.25.Martin Hash wrote:I think Jedi is suggesting that there's a magical Minimum Wage that affects nothing! OTHERWISE, why not a $30/hr Minimum Wage, or $100/hr. Hell, just hand the money over to the Worker, that's what Marxism is all about isn't it, the Worker IS the Owner.
I get so fuckin' sickin' tired of Minimum Wage people thinking ONLY LABOR is not affected by Market Forces.
Also, this means they spend more money, putting more money back into the economy. A person that spends at a 1:1 rate is better for the economy at $15 an hour than they are at $7.25 an hour.
Now, there certainly is a limit, and I think you'll find that most people aren't advocating $30, $100, $200 an hour minimum wage.