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Showing posts from January, 2021

A different kind of post

 I know this article is about 2 months old but I couldn't not comment...Carmen Reinicke writes in this article that "Raising the federal minimum wage to $15 an hour over time would boost paychecks and reduce poverty" (see article here:  The US is closer to a $15 federal minimum wage after Biden win ). That sounds great, right? Except for this...I currently make more than $15/hr and less than $20/hr. I am clearly not alone in this world. My income won't be raised as a result of this. I will actually suffer, along with millions of others. This will NOT reduce poverty. It will simply raise the poverty level to account for the higher pay. Think about it. If I go to the grocery store and every cashier and stocker and bagger makes $15/hr instead of $8 or $9/hr, how will the owner of that grocery store compensate for that huge increase in payroll expenses? One of two ways: lay people off and work with a skeleton crew which means the lines will be even longer and the shelves