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

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

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[quote=Anonymous][quote=Anonymous]I think it’s a valid question that someone with no higher education gets 15/hr that the hourly rate for those with degrees should make more. 15/hr to lift those out of poverty while working full time is long over due, but continuing to pay those with degrees and expansive experience a few bucks more is absurd. Zero reason a college graduate with a master should be making 25/hr. [/quote]

Degrees are not the sole important resume builder.

So, let’s put aside level of education and just go by qualifications.

Qualifications get people various jobs. Highly qualified for something in demand makes people earn more.

If a qualification to do a minimum wage job is something like “follows direction” and “has good work ethic” then that’s $15/hr (yes I know there is more to it but this is just an example)

If a qualification is to have a degree in Business and 6 years sales experience, there are fewer people so they make more.

If I will pay you $15 an hour to come to a job that doesn’t put you in $100K debt to get, you’re more likely to not spend the $100K.

So, it is just a normal assumption that people will, over time, stop getting degrees in fields that $15/hr.

That will create a glut in the market if people with that qualification.

Those people will have to pay more.

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