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Showing Original Post only (View all)$10.10 Minimum Wage Would Save The U.S. Government $7.6 Billion A Year [View all]
$10.10 Minimum Wage Would Save The U.S. Government $7.6 Billion A Yearby Kevin Short at the Huffington Post
http://www.huffingtonpost.com/2014/10/16/minimum-wage-public-assis_n_5992458.html
"SNIP......................
Raising the federal minimum wage would save the government billions and have sweeping benefits for low-income families, according to a new analysis by the Economic Policy Institute, a think tank focused on labor issues.
EPI's report found that if the minimum wage were boosted from its current level of $7.25 per hour to $10.10, as proposed by the Fair Minimum Wage Act of 2014, more than 1.7 million Americans would no longer have to rely on public assistance programs. This would produce $7.6 billion per year or more in savings for the federal government, according to the study.
Millions of Americans, known as the "working poor," are unable to lift themselves above the poverty line despite working full-time, minimum-wage jobs. Increasing the minimum wage to $10.10 would mean that many of these people wouldn't have to rely on additional public subsidies to make ends meet.
Currently, half of all people earning under $10.10 per hour, roughly 11.9 million Americans, receive some form of means-tested benefits from the government, like the Earned Income Tax Credit, food stamps and others.
.........................SNIP"
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$10.10 Minimum Wage Would Save The U.S. Government $7.6 Billion A Year [View all]
applegrove
Oct 2014
OP
Henry Ford himself later called the $5/ Day wage “the greatest cost-cutting move I ever made.”
rafeh1
Oct 2014
#1
they also don't have crappy, shameful corporations like walmart and monsanto.
redruddyred
Oct 2014
#19
The GOP apparently wants to continue to spend the money on public assistance and keep the wages low
Thinkingabout
Oct 2014
#7
That's the argument by many wealthy, but that's not how it works in reality.
herding cats
Oct 2014
#12
The prices have been going up anyway. The masses can spend into competition if given a chance.
Tikki
Oct 2014
#22
You know how they have the grading letters in the front window of a restaurant or whatever...There needs to
Tikki
Oct 2014
#21
$10.10 is not enough to live on, you still need food stamps, Medicaid, etc.
Dont call me Shirley
Oct 2014
#23
$20 an hour for a family of 3 or 4, is just barely squeezing by, paycheck to paycheck. Pray, pray
Dont call me Shirley
Oct 2014
#25