The Minimum Wage Should Actually Be $24 An Hour If History Is Our Guide

  • So for the moment, it appears that America’s worst-paid workers have been abandoned yet again by the federal government. But let’s not pretend this isn’t a choice we’re making. Any time we want, we can choose to get back on the path to a different, fairer, better country.
  • From both a moral and practical perspective, the minimum wage should go up in step with the productivity of the U.S. economy . At least for now, it is stuck at $7.25. This is bad enough in itself, but even worse is that almost no Americans understand how low we’ve allowed our aspirations to become. 
  • Our country’s productivity gains in recent decades should have translated into a minimum wage today of $24 an hour — and by 2025, it should be almost $30. This may sound preposterous. But in fact, U.S. society was once on a path to this destination. We simply chose to step off that path.

See full story here.



Categories: Government, Labor, Politics

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