An interesting article about how $15 isn't enough. I hope people realize that our purchasing power has only been decreasing over time. In half of the states, $15 is not enough.
https://www.cnbc.com/2021/02/21/15-minimum-wage-wont-cover-living-costs-for-many-americans.html
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I like to see articles like that when they promote a point of view.
To start, there are huge differences within a state. For example, living in a major city as compared to in a rural area equates to a radical difference. Then, you add in the fact the birth rate has plummeted to the point that we are not even replacing ourselves shows that the two parents and two kids doesnt truly apply.
That said, I know so many people who are screwed because they are living above their means. They lease/finance expensive cars, have top end IPhones, and order out a number of times a week.
Anyway, wee will see how well they are faring when their jobs are automated out. At $15, compared to $7.25, there is twice the incentive for corporations to get rid of jobs. Corporations will not hesitate to lay off as they automate a particular sector.
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Yea at least there is actual data in this article. People are screwed because corporations are all about the profits and Congress steals more money than you get from a wage increase as it benefits their donors. If $15 is not reasonable for half the country, then $30 will not be reasonable for half of the states in 5-10 years.
Work from home has allowed many of the richer people to move out to lower paid areas and displace them. This means I fully expect rent and other costs to go up in the the places where $7.25 is fine.
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