- Joined
- May 6, 2016
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By now, you have heard about the fight for 15. The argument is that the current minimum wage is not sufficient to live on one's own.
My proposal is that the minimum wage should differ based on cost of living within a given metro. However much money it takes to meet all essentials in a metropolitan area while working 8 hours a day and 261 days (the number of work days in a year) a year will be the minimum wage. In some places like NYC, the minimum will likely be above Sander's proposed $15 wage. In lower costing cities like Houston or in the small towns, the minimum wage will likely be much lower. This wage will apply to anyone 18/21/25 or older because those below that age can be presumed to be living with their parents and thus do not need a living wage. It will be adjusted on an annual basis.
The advantage of such a system is that it will always keep up with the cost of living. It may also incentivize municipalities to find ways to lower cost of living as businesses lobby them to do so.
My proposal is that the minimum wage should differ based on cost of living within a given metro. However much money it takes to meet all essentials in a metropolitan area while working 8 hours a day and 261 days (the number of work days in a year) a year will be the minimum wage. In some places like NYC, the minimum will likely be above Sander's proposed $15 wage. In lower costing cities like Houston or in the small towns, the minimum wage will likely be much lower. This wage will apply to anyone 18/21/25 or older because those below that age can be presumed to be living with their parents and thus do not need a living wage. It will be adjusted on an annual basis.
The advantage of such a system is that it will always keep up with the cost of living. It may also incentivize municipalities to find ways to lower cost of living as businesses lobby them to do so.