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Thu Feb 4, 2021, 10:30 AM

Fight for $15

$15 per hour?
Some interesting and shocking data.

$15 per hour is a higher wage amount than 30% of American workers make.
Minimum wages up to 60% of median wages will have NO effect on employment.
This remains the same for minimums up to 80% of the median pay in low-wage regions.
Pushing the minimum wage up to $ 15 in steps over 4 years will raise the median wage and make it easier to boost each step.

Here is the shocking part.

A $15 minimum wage in Mississippi would be 100% of the median wage currently paid to the state’s workers. Currently half the states workers are paid $15 per hour or less. That is $600 a week.

Numbers from The Economist, Jan. 30, 202, Free exchange: the fight over fifteen

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Reply Fight for $15 (Original post)
Old Crank Feb 2021 OP
LW1977 Feb 2021 #1
Happy Hoosier Feb 2021 #2

Response to Old Crank (Original post)

Thu Feb 4, 2021, 10:33 AM

1. K&R

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Response to Old Crank (Original post)

Thu Feb 4, 2021, 10:48 AM

2. Median wage in my area is a little over $13/hr.

The economy is really segregated here. It's a rust belt town (still) and a huge swath of a population of making dirt money.

But the town also has a University and a large regional hospital, meaning a good concentration of reasonably well pair professionals.

My wife is a professor at the local University and fits that description. Her wage is well below what she could make in another area, but pretty good for this area.

A sudden jump to $15/hr MIGHT cause a bit of a shock here, but a reasonably gradual increase is unlikely to cause significant issues IMO.

I travel for work fairly frequently (or at least used to) and using the McDonald's standard, in most cases, the increase in cost for a MCDonald's meal is relatively modest, even in areas where both pay and rent are substantially higher than where I work.

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