The Federal Minimum Wage.
The U.S. Dollar (as all nations' currencies), is of variable value within time. That's why USA's Social Security retirement benefits are annually adjusted to a cost-price index).
Congressional Democrats had previously submitted a proposal, (H.R. 582, 1st session of 116th U.S. Congress) for the minimum wage to be annually increased by some specific amounts, and thereafter be annually increased to whatever has been the proportional increase of USA's median wage rate per employee as determined by the U.S. Department of Labor.
In my opinion, it would be preferable to peg the minimum to the proportional increase of USA's employees' median annual wages as annually reported for the purpose of FICA taxes. That's an objective amount that need not be determined by mathematicians,or statisticians. But I won't quibble; the median USA wage rate is O.K.]
Traditionally Democrats continued submitting minimum wage bills of finite increase amounts until the minimum increases to the finite “target” amount. H.R. was a vast improvement because it accounts for U.S. Dollar's future values. Thus far Republicans have always been permitted to delay the increases until they've been “too little, too late”.
Democrats should draft a bill calling for a predetermined and (reasonably modest) proportional increase of the minimum until it achieves its target of a variable amount; thereafter to be annually adjusted, retaining no less than the variable target. There's no good reason to specify the duration of years for achieving the goal. This is the bill Democrats should continue (without change) annually submitting until it's passed.
Respectfully, Supposn
The U.S. Dollar (as all nations' currencies), is of variable value within time. That's why USA's Social Security retirement benefits are annually adjusted to a cost-price index).
Congressional Democrats had previously submitted a proposal, (H.R. 582, 1st session of 116th U.S. Congress) for the minimum wage to be annually increased by some specific amounts, and thereafter be annually increased to whatever has been the proportional increase of USA's median wage rate per employee as determined by the U.S. Department of Labor.
In my opinion, it would be preferable to peg the minimum to the proportional increase of USA's employees' median annual wages as annually reported for the purpose of FICA taxes. That's an objective amount that need not be determined by mathematicians,or statisticians. But I won't quibble; the median USA wage rate is O.K.]
Traditionally Democrats continued submitting minimum wage bills of finite increase amounts until the minimum increases to the finite “target” amount. H.R. was a vast improvement because it accounts for U.S. Dollar's future values. Thus far Republicans have always been permitted to delay the increases until they've been “too little, too late”.
Democrats should draft a bill calling for a predetermined and (reasonably modest) proportional increase of the minimum until it achieves its target of a variable amount; thereafter to be annually adjusted, retaining no less than the variable target. There's no good reason to specify the duration of years for achieving the goal. This is the bill Democrats should continue (without change) annually submitting until it's passed.
Respectfully, Supposn
