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Politics : Formerly About Advanced Micro Devices
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To: SilentZ who wrote (739407)9/14/2013 5:29:18 PM
From: Road Walker  Read Replies (2) of 1574122
 
Economically speaking, $20 an hour might be pushing it. Where raising the minimum wage actually does hurt employment is when it makes the pay of "unskilled" labor get too close to "skilled" labor. But $15/hour would probably work well, and then you could look at bumping it up a bit more a few years later.

You might phase it in, ~$2 increase per year, 5 years so businesses can adjust.

But we need to solve the income disparity crisis. If unskilled labor goes to $20, you can be sure that skilled labor will go to $30. Otherwise they'll take the unskilled jobs. If skilled labor goes to $30, uniquely skilled labor goes to $40-$50.

Right now it's a race to the bottom.
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