- Joined
- Dec 13, 2015
- Messages
- 9,594
- Reaction score
- 2,072
- Location
- France
- Gender
- Male
- Political Leaning
- Centrist
OK, I agree with automatic CPI adjustment of the federal MW (as is done for SS retirement benefits) but what is the "proper" method of determining the current federal MW base rate?
The Poverty Threshold is the answer to your question. We should simply banish poverty.
The Poverty Thresholds depend upon size of family and are constantly updated by the Census Bureau. One may find them here.
For a family of four, the threshold value today is $24K a year ($11.54 an hour) that should be Minimum Wage. That could be slightly corrected by tax exemptions for number of children in the household.
That is the basic minimum that should stand for the entire United States. But, given current trends in the US, that may not happen in our lifetimes given the plutocratic control that we, the sheeple, have just reiterated once again in recent national voting.
America, that Great Democracy, just shot itself in the foot yet again ...