usmbguest5318
Gold Member
I don't recall who, but I do recall some moths back being rebutted by someone on USMB who declared, in substance, that $15/hr is, in some U.S. locales, enough to support a middle class lifestyle.For the sake of accuracy, what employers don't do is pay more than they've allocated in their payroll budget. What one must pay is always precisely what everyone and anyone pays for everything they purchase when they purchase it. That sum is never more nor less than what one must pay to obtain the good or service at that place and moment in time.
I agree. That is why I wrote what I did. Employee wages are nothing other than the price of labor, and labor is merely a service that employers purchase.The issue was rate of pay to employees.
That's why I wrote that if Trump actually wanted to help the middle class he'd institute a $15.00/hr federal minimum wage and subsidize the increase to employers so employers don't get hurt. Plus, for each dollar spent it equates to $1.70 into the economy to help pay down the deficit, making the payback greater than 100%.
That's why I wrote that if Trump actually wanted to help the middle class he'd institute a $15.00/hr federal minimum wage
Middle class is currently below $15/hr?
My thoughts on the veracity or even plausibility of that proposition is that can be found folks of all sorts who harbor myriad specious notions.
Oh, my....If that claim were true, the middle class is not helped by bringing others up to the middle class.
Achieving existential middle-class status is not a zero-sum undertaking.