A poor minimum drags on the median wage rate.

[Supposn]

A poor minimum drags on the median wage rate.

the overwhelming majority of both USA's low and middle-income persons are employees, retirees, or those receiving benefits as surviving family members of such persons, or dependents of all these afore mentioned persons.



Due to employers’ wage differential practices, the minimum wage rate’s effects upon USA’s lowest earning 40 percentile of employees’ wage rates, range from a critical to a substantial portion of their jobs’ wage rates.



Minimum wage’s insufficient purchasing power is detrimental to the purchasing power of the median rate. Our middle-income bracket’s economy cannot be robust, if our minimum wage rate’s purchasing power’s poor.

Respectfully, Supposn

H.R. 582, “Raise the wage act” is a good bill, but opponents of the bill will refrain from mentioning the minimum hourly rate will not be $15 until 7th year after the bill's passage.


In the likely case that it's not passed through and added to our federal statutes, I urge U.S. Congressional members to continue striving and pass a bill that would increase the minimum wage rate by 12.5% of its purchasing power until it attains 125% of its February-1968 purchasing power. Thereafter the rate should be monitored and annually adjusted to retain that purchasing power. …

 

[Supposn]

1. Generally, we proponents of legally mandated minimum wage rates are not libertarians or anarchists. We do have regard for our nation’s economic and social wellbeing. Respectfully, Supposn

   Why I Ain’t a Libertarian

A traveler ran out of a hotel, threw is bags into a cab. He then jumped into the cab and shouted, “take me to the airport as fast as you can”!!

The driver pulled out from the curb and quickly accelerated. The cab reached 90+ and the driver made no effort to slow it down for intersections.
When the cab began running through red lights, the traveler cried out in terror,
“I’m in a hurry but don’t get us killed”!!!
The drive casually answered “relax; I’m an expert driver. I learned from my brother”.

This continued one red light after another.
To all of the terrorized traveler’s cries, the driver’s answer was always the same; “I’m an expert driver. I learned from my brother”.
That was until they reached a green light intersection where the driver executed a severe emergency stop.

The passenger lifted his bloody head off the cab’s floor and screamed, “You go through one red light after another at over 90MPH and when you’re doing more or less than 100MPH you then come to an immediate halt for a green light! WHY” !!
The driver answered “We must stop here at this intersection. My brother drives on that other road”.

That’s the fault I find with your libertarian contention that you and all others be permitted to exercise their own unrestricted individual good judgment. That strategy leaves all of us others dependent upon not encountering you or one of your brothers on some dark night. That’s among the reasons most of us are not Libertarians or anarchists. …