A poor minimum drags on the median wage rate.

Oct 2009
548
105
Cliffside Park, NJ
A poor minimum drags on the median wage rate:

Due to employers’ wage differential practices, the minimum wage rate’s effects upon USA’s lowest earning 40 percentile of employees’ wage rates, range from a critical to a substantial portion of their jobs’ wage rates.
Minimum wage’s insufficient purchasing power is detrimental to the purchasing power of the median rate. Our middle-income bracket’s economy cannot be robust, if our minimum wage rate’s purchasing power’s poor.

Respectfully, Supposn
H.R. 582, “Raise the wage act” is a good bill, but opponents of the bill will refrain from mentioning the minimum hourly rate will not be $15 until 7th year after the bill's passage.
In the likely case that it's not passed through and added to our federal statutes, I urge U.S. Congressional members to continue striving and pass a bill that would increase the minimum wage rate by 12.5% of its purchasing power until it attains 125% of its February-1968 purchasing power. Thereafter the rate should be monitored and annually adjusted to retain that purchasing power. …
 
Feb 2020
276
363
dfw, texas
makes sense to me. that is why the repubs will never pass it. and speaking of not making sense, why would any middle income or working poor person ever think about voting republican? their policies hurt them the most. and then the poor and the children of the poor. and then the elderly.
 
Jul 2015
6,277
2,519
chicago
If you give everybody a raise in America, the value of the dollar is decreased accordingly. Give everybody a raise and that $15 minimum pay will have a buying power of $10
 
Oct 2009
548
105
Cliffside Park, NJ
If you give everybody a raise in America, the value of the dollar is decreased accordingly. Give everybody a raise and that $15 minimum pay will have a buying power of $10
Justoneman:
How inflationary is the federal minimum wage rate?

Although labor contributes a substantial portion, labor is only a portion of aggregate products' costs; (this is true even among service products). The federal minimum wage rate effects Low-wage labor and has extremely little proportional effect upon higher wage rates, it is not among the primary causes of U.S. dollar's losing purchasing power.

The federal minimum wage rate's purchasing power's much less a cause and much more a victim of U.S. Dollar's inflation.
The federal minimum wage rate's purchasing power's purpose is the reducing of incidences and extents of poverty among USA's working-poor.
Respectfully, Supposn