Reply to Help me understand the impact of a $15 minimum wage?

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[quote=Anonymous][quote=Anonymous]Right now we are subsidizing those companies that only pay $7-8 dollars via the subsidies or safety nets for people living below the poverty line such as food stamps, Medicaid etc. I’d love to have the $15 champions identify what could be saved by the government and tax payers if the minimum wage goes to $15. [/quote]

This. The current minimum wage of 7.25 is below the poverty level. Someone working 40 hours a week at 7:25 only earns $15,000 a year! How is that OK? As taxpayers help subsidize large corporations who do not pay that minimum wage. The $15 minimum wage recommendation would be phased in, it wouldn’t happen tomorrow. Many states currently have a minimum wage above the federal, it is just the states that use the federal minimum wage that would be impacted. Some of these corporations could easily reduce the salary of their top executives to cover the cost of the minimum wage at the lower level people. The minimum wage has not kept up with inflation.[/quote]

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