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ToddsterPatriot, Congressional Budget Office’s, (i.e. CBO’s) projected a range of 5.2% to 3.4% increase of incomes in 2025 due to the proposed increases of the federal minimum wage rate, for families of incomes less than three times their family sizes’ poverty thresholds. Those increases would more or less entirely be due to only increases of low-income wages and possibly some portions of unemployment insurance benefits reflected within those total incomes.
[Unemployment benefits are the net consequences of wage income losses. Minimum wage rate increases after 2017 couldn’t by 2025, even indirectly affect much other than low-wage rate incomes and unemployment benefits.
Any other benefits that could be possibly be affected by increases of the federal minimum wage rate, (such as pensions, and social security retirement or disability benefits), are not fully reflected within those families’ total incomes until decades after those minimum rate increases were enacted].
For those families’ total incomes to be increased by a range of 5.2% by 2025, If their low-wage rate incomes and unemployment benefits were:
For 2025 families if total incomes above the poverty thresholds, but less than three times their family sizes’ poverty thresholds, somewhat similar statistical questions should be applied.
Respectfully, Supposn
[Unemployment benefits are the net consequences of wage income losses. Minimum wage rate increases after 2017 couldn’t by 2025, even indirectly affect much other than low-wage rate incomes and unemployment benefits.
Any other benefits that could be possibly be affected by increases of the federal minimum wage rate, (such as pensions, and social security retirement or disability benefits), are not fully reflected within those families’ total incomes until decades after those minimum rate increases were enacted].
For those families’ total incomes to be increased by a range of 5.2% by 2025, If their low-wage rate incomes and unemployment benefits were:
- Net 70% of their 2017 total incomes; that segment of their incomes would have to increase by 50%; (0.7) X = 1.052, X; (1.051 / 0.70) = 1.50
- Net 80% of their 2017 total incomes; that segment of their incomes would have to increase by over 30%; (0.8) X = 1.052, X; (1.051 / 0.8) > 1.31
- Net 90% of their 2017 total incomes; that segment of their incomes would have to increase by over 16%; (0.9) X = 1.052, X; (1.051 / 0.9) > 1.162
For 2025 families if total incomes above the poverty thresholds, but less than three times their family sizes’ poverty thresholds, somewhat similar statistical questions should be applied.
Respectfully, Supposn
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