- 3,775
- Hoboken, New Jersey
Maybe because not all hourly workers are low-wage workers? The average hourly worker in the US makes $24.57 per hour, which in most areas of the country certainly isn't a poverty-level wage. Many jobs, even middle-class ones, in manual labor sectors, education/public health, and hospitably, are paid-by-the-hour jobs. 58% of all jobs in the US actually, according to the BLS. Therefore, a minimum wage increase wouldn't affect these people. And even still, just because an employer doesn't pay the exact minimum wage doesn't mean the employees are paid fairly either. Before the pandemic I was making $11.95/hr at a bodega a few blocks away from me (the NJ minimum wage is $10.00). Being that NJ is the 2nd highest COL state in the US, who on god's green earth could get by making $12 an hour and also pay rent, healthcare, utilities, transportation, childcare, etc? This seems to be a common practice among certain employers, to pay slightly above the minimum wage for low wage jobs, because it makes the job seem more appealing compared to others. Again, this doesn't necessarily mean it's a fair wage. If NJ mandated a 15/hr minimum wage then I suspect many employers would be paying their workers $17-18 per hour.Most workers are not paid minimum wage. Most of them earn more than that, because they earn it. Minimum wage hurts poor people, it prevents them from accessing jobs that would otherwise exist. It creates a barrier to entry for the workforce.
2.3 percent of hourly workers make minimum age. You think this is some kind of huge problem that corporations will never pay more than they're required, but 97.7% of hourly workers are paid ABOVE minimum wage VOLUNTARILY by corporations. Why do you think that is?
A raise in the minimum wage would likely result an increase of the prices of certain goods (though not as extreme as some suspect), but it would also increase buying power for low-income people, which in turn benefits the economy. The Economic Policy Institute claims that a universal $15 wage would increase the wages of 40 million Americans. They also estimate that if wages kept up with productivity (which has increased DRASTICALLY higher than real wages), then the minimum wage would be over $20 an hour.
I've seen both arguments of the $15 wage debate. I honestly can't fathom how an increase in the minimum wage would actually hurt poor people. Am I supposed to take the statistic that only 2.3% of all hourly workers make the lowest possible wage as proof that corporations actually do put people over profits?
EDIT: Do you know if the BLS statistic that 2.3% of all hourly workers make minimum wage is referring to the federal minimum wage of $7.25 (which most states, even Red states, have ratified a higher minimum wage), or all minimum wages, which varies by state and locality? The page you referenced doesn't seem to make that clear. Because if it's only referring to the former, then FAR more than 2.3% of hourly workers are making minimum wage.
https://www.epi.org/publication/why-america-needs-a-15-minimum-wage/
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