The next minimum wage rate bill: The next U.S. Congressional bill to increase the federal minimum wage rate, should be the last minimum rate bill to be passed and enacted.
That bill should set a targeted purchasing power value of no less than 125% of the minimum‘s Febuary-1968 value. The minimum should be annually increased by uniform increments until it achieves its targeted value. Thereafter it should be annually monitored and adjusted to retain its purchasing value.
Democrats foolishly draft minimum rate bills in terms of dollars rather than of purchasing power. Consequentially, if and when the bills pass through congress, it’s always too little too late.
Respectfully, Supposn
Excerpted from the Politics forum:
That bill should set a targeted purchasing power value of no less than 125% of the minimum‘s Febuary-1968 value. The minimum should be annually increased by uniform increments until it achieves its targeted value. Thereafter it should be annually monitored and adjusted to retain its purchasing value.
Democrats foolishly draft minimum rate bills in terms of dollars rather than of purchasing power. Consequentially, if and when the bills pass through congress, it’s always too little too late.
Respectfully, Supposn
Excerpted from the Politics forum:
To next U.S. Senate leader: Senator Schumer, since 1959 when I left the military service, I voted in every general election and failed to vote in extremely few Democratic primary elections. During President Obama’s first administration, the Democratic congressional majority shamelessly failed to pass and enact a minimum wage rate bill. I continue to vote within every general election, but since 2009, I have not voted as a registered Democrat. …