Lets Finally Develop A Meaningful Minimum Wage and Begin Incrementally Adjusting Annually...
Senator Mitt Romney and Senator Tom Cotton, both republicans, are correct with regard to requring that businesses insure they are hiring only United States citizens and documented immigrants/aliens. This nation is not responsible for illegal (undocumented) aliens nor should it be. Humanitarian aid is one thing and we should be willing to continue humaniarian programs, however, evey illegal (undocumented) alien that is empoloyed by a US business is one less job available to US citizens and documented aliens. The one who did oit right when they came to the United States.
However the republicans, as usual, want to be stingy with the green. As they always are when it comes to raising the federal minimum wage. Of course that is because profit for business is far more important than the ability for a lone individual to keep their head above the proverty level. I've been trying to figure that out for my entire adult life. Especially when the more people that have money to spend the more business businesses are going to get.
Anyhoo, the federal minimum wage was raised to $7.25/hour in 2007. Today, almost 14 years later it still stands at 7.25/hour. Yet the the cost of living increase during this period was 23.16%. Just to keep pace with the rate of inflation the minimum wage should have been increased incrememtaly during this period tp $9.15/hour. Given this an immediate increase to $10.00/hour actually is a reasonable starting point.
I spent many years as a manufacturing manager and certainly understand how important it is to control costs and maximize efficiency and profits for the company. After all, the stronger and more profitable a company is the the more secure every employee doing their job correctly and productivey can feel.
What the United States Congress should WANT to do is this: effective April 1st 2021 the federal minimum wage should increase to $10.00/hour. Going forward the mimimun wage should be pegged to the cost of living increase and increased annually to keep pace wth tge ate of inflatiion. In this way businesses can project the incease in the cost of labor acurately and make desisions accordingly.
Since it is not beyond the realm of posibility that in a given year the cost of living could be so insignificant that the nation could forgo an increase. Say for the sake of argument that if the COL incease was <0.005% in a given year no increase would be given but the following year an increse totalling the sum of the prior two years would woud be granted. The point being is that the federal minimum wage should increase incrementally in small amounys rather than every ten years in one large jump.
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