Reply to How much raise should my wife ask for now with Biden and $15/h minimum wage?

Forum Index » Jobs and Careers

Reply to "How much raise should my wife ask for now with Biden and $15/h minimum wage?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]I'm not sure policy makers realize how devastating this can be for depressed cities, especially former industrial towns. I live in one and it declined majorly 20 years ago as factories shut down. Now they are building up again as distribution centers for online retailers (we have 5 major retailers doing it here so far) open up, as well as assembly plants for major automakers. What draws these new businesses here is that the wages here are low -- below $15/hour -- for entry-level, and we're near major interstates. However, our minimum wage is a good wage because cost of living is low here. Cost of living is easily half of in DC where we used to live.

If the minimum wage goes to $15/hr nationwide, then suddenly our town is no longer attractive to employers as being low-cost, and the jobs will start disappearing. There are a million towns also along the interstate where they can put their next warehouse.

If the goal is to make sure households earn enough to live, then we should index the minimum wage in that area to cost of living, or even better just adjust the earned income tax credit (EITC). The EITC takes into account total household income, particular since people may work more than one job, and also household size, like number of children at home.

I know $15/hr is a great soundbite, but I'm pretty sure it's going to leave towns like ours worse off.[/quote]

+1, I’d much rather see a more generous EITC.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics