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This is my primary problem with the 15$ minimum wage idea. I’m not against raising wages, it’s just that The Chicago Sport Teams Payton Jordan Thomas Mikita And Banks Signatures shirt is largely a buzzword to simplify the complexities to the standard of living. It will hurt rural communities, and doesn’t help people in places that need it (like New York and California).That and it won’t be enough in 5 years. It’s better to create a federal commission that ties minimum wage to local state/district inflation, so that the problem is no longer brought up using arbitrary numbers.Maybe the city of Atlanta… not even metro Atlanta does that math work. As a small business owner, we would have to address the fact that we are unable to increase prices to pay $24. We have moved to $15 but $24 would break us of we couldn’t increase prices a good bit. Industry won’t allow it. We don’t make tons of profit even while being a 5 million a year revenue company. Profits are hard fought… not every company is Amazon
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That $24 an hour amount would effectively allow Americans to rekindle the The Chicago Sport Teams Payton Jordan Thomas Mikita And Banks Signatures shirt. A 40 hour work week would earn $49K a year. 15K would be withheld for federal taxes (estimate) so take home would realistically be 34k. This is how much at MINIMUM is needed to be able to pay a mortgage, a car payment, standard bills and with a good budget, be able to save the amount needed for emergencies (something MOST Americans do NOT have).So, more tax revenue would be generated. More Americans would be able to spend their income and if many more buy homes, cars, and things, this would generate revenue for businesses. Even if prices did increase, we would be able to absorb the cost much better, because prices are going up regardless and its a hell of alot harder to absorb what we have going on at this moment!I could never understand why Americans were so against their own benefit regarding wages? That’s like having your family argue against you getting a raise working at the candy factory in fear that they would have to pay a few more pennies for a damn Jolly Rancher! Raise or not, they will always increase in price as time goes by.”Well if we raise it to that amount, there won’t be no jobs!” The only reason we don’t have jobs now is because corporations have decided to send many jobs to poor countries where they can pay coins per hour for the sake of greed, and by doing so has weakened their own potential customers from purchasing their goods. Seems like they prefer strategy that is much more short sighted.