lifegoesonbrah
Well-Known Member
I understand in a free market economy, supply and demand of labor would determine wage levels appropriately. However, we do not live in a free society. It is clear to anyone that can do math, $7.25 an hour just doesn't cut it and, even if someone works 40 hours, they would still be below 130% of poverty.
If we did increase the wage floor enough so that individuals are above the 130% poverty level, it would significantly decrease the amount of people on assistance. Around 42% of those on food stamps are employed, if those individuals got a raise due to minimum wage increase it would reduce or disqualify their food stamp allotment therefore making them more independent and less of a burden on taxpayers.
Increasing minimum wage (I believe at this point) would decrease government spending on safety net programs.
Thoughts?
If we did increase the wage floor enough so that individuals are above the 130% poverty level, it would significantly decrease the amount of people on assistance. Around 42% of those on food stamps are employed, if those individuals got a raise due to minimum wage increase it would reduce or disqualify their food stamp allotment therefore making them more independent and less of a burden on taxpayers.
Increasing minimum wage (I believe at this point) would decrease government spending on safety net programs.
Thoughts?