$15 an Hour Is the Compromise
What if the minimum wage had kept rising at a rate that respected the contribution of workers? “It would be over $24 an hour today.” So a new Democratic administration could have started where the AFL-CIO does, by noting that, “had the federal minimum wage kept pace with workers’ productivity since 1968 the inflation-adjusted minimum wage would be $24 an hour.” Joe Biden hasn’t gone there. He has started with a modest proposal to raise the wage to $15 an hour in stages between now and 2025. This is the definition of incremental progress. “$15 an hour—and by the way, it’s ove...
Source: thenation.com