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View Diary: New Democratic bill would raise the minimum wage to $10.10 (84 comments)

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  •  Would be easier to raise if min wage based on (6+ / 0-)

    local cost of living.

    High cost of living cities effectively have a very low minimum wage if one considers the standard of living the minimum wage implies in the city.  The cost of living in the US varies so widely, that no single minimum wage can make economic sense across the country.

    $10.10/hr is far too low in many places.

    A person making  the current minimum wage of $7.25/hr in Tulsa, OK would need to make $17.62 in New York City to have the same purchasing power.  Meanwhile, the current minimum wage in NYC is only $7.25/hr - the Federal minimum wage.  For all practical purposes, NYC does not have a meaningful minimum wage.   The cost of living between these two cities are so large that a single minimum wage for these two cities cannot make sense.  Minimum wage laws need to be  set at different rates to reflect their cost of living.

    The major failure of minimum wage laws are in the high cost of living cities - which ironically are run mainly by Democrats at the local and State level (NYC, LA, San Francisco, Chicago, Washington DC, Boston, etc.)

    Having the minimum wage vary by location, based on BLS cost of living data for low income households would allow members of the House and Senate from low cost of living locations to support the move, while also having a meaningful minimum wage in high cost of living locations.

    See the following to compare cost of living
    http://money.cnn.com/...

    The most important way to protect the environment is not to have more than one child.

    by nextstep on Tue Mar 05, 2013 at 12:44:42 PM PST

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    •  thanks (1+ / 0-)
      Recommended by:
      nextstep

      a while back I wrote a diary suggesting that raising the minimum wage would put the businesses I'm associated with out of business.

      I had some difficulty explaining the economic realities of Appalachia, and doubtless failed to say what I meant to say.

      Indexing the minimum wage to cost of living makes sense. Not because we don't want to pay more, but because...ah, nobody wants to hear it.

      It is, however, a bit bracing to see Darwinian capitalism embraced on the left. Particularly when I'm the small, local business people speak of supporting.

      "Good Lord, how can the rich bear to die?" -- Nikos Kazantzakis

      by Shocko from Seattle on Tue Mar 05, 2013 at 04:13:07 PM PST

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      •  I'd include a tax credit for small biz (0+ / 0-)

        A really big, significant increase in the minimum wage, coupled with a temporary, refundable tax credit to offset the difference between new and old.

        Full offset the first year and 20% less in each of five years.

        That should create a soft landing for small businesses.

        We are the principled ones, remember? We don't get to use the black hats' tricks even when it would benefit us. Political Compass: -6.88, -6.41

        by bmcphail on Tue Mar 05, 2013 at 04:50:30 PM PST

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    •  I completely Agree (0+ / 0-)

      I have a career that pays me well over the minimum wage and my wife makes a little more than minimum wage, and between our two incomes we barely get by, Every dime we have goes to bills and basic essentials. I have no TV, I use the internet at work, as does she, and on our phones, we have one reliable car and another that is fixing to crap the bed.
      Gas prices are outrageous, and so is everything at the super market, that is in direct correlation with the price of fuel. It is time to give everyone a LIVING wage not a minimum. My concern though is that even with a decent wage we have to get our taxes under control and help the hard working people keep more of our money, or figure out a way to get gas prices lower like maybe drilling here? Or getting the XL pipeline going.
      A living wage over 15 an hour would be a good start though.
      Thanks for reading

      Just a thought

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