I have a lot more to say about this but for starters. Raising the minimum wage will have some effect on the standard of living but a better first step I think would be to restrict part time workers. Give companies the choice of either eliminating part time workers or raising minimum wage. By converting to full time workers, the workers would benefit and the company would benefit. I realize some people would lose jobs but I have an an answer later. Almost every safety and efficiency study that I know of concludes that part time workers are less safe and less efficient. I was on the safety committee for the Union for years and both the company and the union agreed that part time workers are dangerous and inefficient compared to full time workers. Why so many companies use part time workers can only attest to a narrow view based on running expenses instead of productivity. Converting to full time workers companies would make more money. Workers would have more money to spend. Consumption is linearly related to working class income. More spending, more new jobs, more people working.
5 seconds left to play tie game Saints win with incredible gonna tear up the town tonight 51 yard career long field goal!!!!
MMTJohn Wrote: Have you investigated the MMT Job Guarantee?There are reams written on it, but the gist of it is that the Federal government (the monetary sovereign) funds a job at a fixed wage with benefits for anyone willing and able to work. The program is administered locally, the jobs to be done determined locally, and the workers not competing with private business or public sector employees, but staffing jobs that the private sector is not doing.The JG compensation package would set a de facto minimum that the private sector would have to "beat", either with better pay and benefits, or better opportunity for advancement. The minimum wage would become obsolete, and involuntary unemployment would be 0%.neweconomicperspectives.org/2014/01/gro...l