(April 28, 2014 at 1:36 pm)vorlon13 Wrote: Whatever the actual value of the work done at that level, arbitrarily setting a particular number of dollar and cents to it will rapidly inflate or deflate the actual value of the currency to that level.
It's Adam Smith Econ 101, and you cannot get ahead.
If folks at the entry level wage can't make it they need to rethink career goals, their spending and education.
Poor people don't buy very many goods and services. Some folks crapped bricks when New York State passed its first minimum wage law in 1933. The first federal minimum wage law established a wage of 25 cents in 1938. The Repubs thought that the world was going to end.
