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ToddsterPatriot. Low wage rate employees, (e.g. busboys or single parent cleaning ladies, or paid summertime interns employed by law firms), may all be low-wage rate employees, and yet may be members of families with vastly different annual incomes. CBO estimates that 32% of USA employees in 2025 will be such low-wage rate employees. Since the top rate of the low-wage rate bracket of rates varies due to the variable value of the dollar in differing years, the top rate of $19 per hour in 2018 will not be the same numbers of dollars in 2025, (even if the federal minimum wage rate is not increased).When the purchasing power of USA’s minimum wage rates are permitted to be reduced, the purchasing power of USA’s low-wage rate employees, (32% of our entire work forces’) wage rates are particularly less than otherwise. ...
Despite the 32% arbitrary claim by the CBO, the minimum wage only effects a tiny number of employees, as shown by the fact that so few earn that wage.
I doubt if the percentage of USA’s employees that CBO considers to be low-wage rate employees, has varied very much over the years. If USA’s minimum wage laws are eliminated with no provisions to replace them, it would consequentially be of critical to substantial detriment to no less than 32% of USA’s employees.
You don’t believe that 32% of USA employees earned no more than $19 per hour in 2018? Respectfully, Supposn