- Joined
- Jan 2, 2006
- Messages
- 28,090
- Reaction score
- 14,222
- Location
- Boca
- Gender
- Male
- Political Leaning
- Independent
This legislation gets the ball rolling for a legitimate means of indexing minimum-wage growth. I think this is an absolutely wonderful idea because it (eventually) makes minimum-wage growth a function of overall wage conditions. If median wages are increasing, so will the wage floor... If median wages remain stagnant (in the event of declines in wage rates, i don't believe there is language for rolling back the wage floor) minimum wages will hold flat. Of course, in order to get there, it will take one wage hike of $1.15/hr in 2019 and then six wage hikes of $1.10/hr each following year until 2025. At that point, the minimum wage will be effectively tied to that of the median wage.
Now given that Trump and McConnell will unlikely support this piece of legislation, i don't see this happening until 2021 at the earliest.
The rest of the article can be found here
CNBC has a more detailed analysis here
Now given that Trump and McConnell will unlikely support this piece of legislation, i don't see this happening until 2021 at the earliest.
The rest of the article can be found here
CNBC has a more detailed analysis here