Living Wage v Minimum Wage
The federal minimum wage provisions are contained in the Fair Labor Standards Act (FLSA). The federal minimum wage is $7.25 per hour effective July 24, 2009.
When the original minimum-wage law was passed in 1933, FDR said:
“In my Inaugural I laid down the simple proposition that nobody is going to starve in this country. It seems to me to be equally plain that no business which depends for existence on paying less than ‘living wages’ to its workers has any right to continue in this country.”
According to the living wage calculator, as of May, 2020, the living wage in the United States is $16.54 per hour, or $68,808 per year, in 2019, before taxes for a family of four (two working adults, two children), compared to $16.14 in 2018.
The minimum wage does not provide a living wage for most American families.
https://livingwage.mit.edu/articles/61-new-living-wage-data-for-now-available-on-the-tool#:~:text=The%20living%20wage%20in%20the,wage%20for%20most%20American%20families.
The impulse toward autocracy takes root and grows best in populations that are undereducated, intellectually challenged, misinformed, overworked, underpaid, impoverished, and addicted.
If this is seems eerily familiar, connect the dots and take a good look at the infrastructure of American society in which social media plays a prominent role…
Have a happy, safe, and secure Labor Day weekend…
09/06/2022 @ 2:21 pm
A very long time ago, Henry Ford overpaid his workers. His reasoning was that he wanted them to be able to afford to buy the cars they were building. I sometimes wonder if he’s the last guy to understand that employees and customers are the same population.
09/07/2022 @ 2:45 am
Excellent question Kosh…