Re:Why American Workers Without Much Education Are Being Ham...
by danans on Wednesday April 22, 2015 @12:09PM
(#9421411)
Local minimum wages should be raised in a manner commensurate with local inflation. In places like the Bay Area and NYC, $15/hr isn't much considering the enormous cost of living - hence the term "living wage".
$15/hr is probably too high for a part of the country with a very low cost of living like Mississippi.
The federal minimum wage sets the absolute bare minimum.
The often mentioned radical alternative is Basic Income, which would eliminate all minimum wages and push up wages on the low end by tightening the labor market (because many on the low-income end of the labor spectrum would opt not to work).
$15/hr is probably too high for a part of the country with a very low cost of living like Mississippi.
The federal minimum wage sets the absolute bare minimum.
The often mentioned radical alternative is Basic Income, which would eliminate all minimum wages and push up wages on the low end by tightening the labor market (because many on the low-income end of the labor spectrum would opt not to work).