But if the minimum wage has no detrimental effects, why would we stop there? If we made it $40/hr, they could pay for college with cash and get a decent Subaru.
This is a serious question. I think liberals have become desensitized to it over the years, and just blithely ignore it, but it points to a very real flaw in the reasoning. I suspect they'll just steer around it again - tell themselves it's 'crazy talk', not something they should allow themselves to think about.
Typical tactic of conservatives....if you want $15 ...why not $100?
The reality of the situation is that minimum wage has been frozen at $7.25 for ten years
Those minimum wage employers have compensated for increased cost of supplies, rent, electricity, insurance....all have gone up over ten years
They have also increased the price of their product over ten years
But the idea that they would have to pay their employees more would bankrupt them
/-----/ Minimum wage is $290 a week. Among those paid by the hour,
701,000 workers earned exactly the prevailing federal minimum wage of $7.25 per hour. About 1.5 million had wages below the federal minimum. Together, these
2.2 million workers with wages at or below the federal minimum made up 2.7 percent of all hourly paid workers.
Updated July 13, 2018
How much is the average salary for US workers? Salaries vary based on gender, education, occupation, industry, geographical location, ethnicity, and other factors. Here is information on the average salary in a variety of categories, and calculators to use to determine the salary for specific occupations.
Average Salary Information for US Workers
According to the
Bureau of Labor Statistics (BLS), the
median wage for workers in the United States in the fourth quarter of 2017 was $857 per week or $44,564 per year for a 40-hour workweek.
Wages were 0.9 percent higher than at the same date for the previous year.
However, salaries can vary significantly based on both occupation and location. What's a
good salary in one location, may not be somewhere else. For example, people working in professional, management, and related occupations earned an average of $64,220 annually, while those working in service occupations earned an average of $28,028 annually. Jobs in large metropolitan cities, which have a higher cost of living, also tend to pay more than jobs in more rural areas. Read below for more information on average salaries based on factors like gender, education, and