The sooner Mitch Albom joins his book subjects, the better.https://twitter.com/freepsports/status/1155330301914157056 …
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I've yet to hear one person make a cogent argument as to why a massive raise in minimum wage will work and not pan out like basic economics dictates or Seattle has proven...
hard to say, but given the lobbying power of big business, it's much more likely the wage stays low at the federal level rather than more or less increasing with worker productivity, etc., as it did from 1948 to 1968
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additionally, the case for paying a "prevailing wage" in the trades has had some documented benefits for workers in those trades, as well as to employers required to pay those wages https://books.google.com/books?id=_kQMRA9xxLoC&printsec=frontcover&dq=The+Economics+of+Prevailing+Wage+Laws&source=bl&ots=6EmUHAk5gh&sig=4-LJeXdjOfmXVoC8urKlFgSTjaI&hl=en&ei=oN_4TKHBDIiosAOS44DCAg&sa=X&oi=book_result&ct=result&resnum=1&ved=0CBoQ6AEwAA#v=onepage&q&f=false …
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that's fine for trades, but what about shitheads like you and me? A jump to $20 an hour to flip burgers isn't going to sit well with my radio corporate master who pays me less than that to write the news.
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I mean, I definitely agree with the notion of leaving it at the state level because of the disparity in cost of living across the country. Also, we can't make a law that says McDonalds has to pay X while Jimmy's Pizzeria can pay Y.
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also the need for a federal minimum wage that's sufficiently high is in part due to the need to break regional, largely rural monopsonies that keep wages artificially low; concentration in certain sectors is hitting record levels https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3133344 …
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