« John Kerry on Vitter | Main | Iraq: No end in sight »

Minimum wage raised to $5.85

This upcoming Tuesday, the federal minimum wage will go up 70 cents, to $5.85/hour. With that increase, a person working full time - 40 hours a week, 52 weeks a year - and earning the minimum wage will earn $12,168 a year. According to the AP article, other small increases are coming, too:

Minimum wage workers will get an additional 70-cent boost each summer for the next two years, ending in 2009 at $7.25 an hour. That comes to just above $15,000 yearly before taxes for a 52-week work year.

$15,000 a year is not enough to live on. Period. That's why we need to raise the minimum wage to $10/hour in that same time frame instead. We could even take a bit more time to make it easier on small businesses, but most small businesses don't see a significant impact coming from increases in the minimum wage anyway:

A PNC Economic Outlook survey done in April showed three out of four small- and middle-market business owners said raising the minimum wage would have little or no impact on their businesses. "In a tighter labor market, they already raised wages to be competitive," said Stuart Hoffman, chief economist for PNC Financial Services Group.

It's a good first step. And I think it's the first piece legislation the Democrats promised to push through during the 2006 campaign that has actually been passed. I wish they had a larger majority in the Senate...



That's why we need to raise the minimum wage to $10/hour in that same time frame instead.

That's never going to happen. But maybe they could continue raising it 70 cents every summer until it reaches a living wage... They could probably even soften the negative impact by allowing the "guest worker" program and providing other exemptions for teenagers and the octogenarian greeters at Walmart.

Jake, I'm never going to get a pony, but that doesn't mean I don't want one. Or that it wouldn't be good for the country as a whole if I did get a pony... wait a minute... that doesn't make any sense. At all...

But as a substitute for my proverbial pony, or raising the minimum wage to $10 by summer of 2009, a 70 cent per year increase in the minimum wage until it hits $10 may do the trick. That would put us there in about 2013. Still seems like a long time to get to a living wage, though.

What kind of pony do you want? I can get you a pony. What color, etc?

Paul, that is a tremendous offer - thank you. I'd like a pony with black and white spotting, so I can call him Oreo. And he must smell like fresh cut flowers.

I think a more important question, though, is, can you get me a toe? With nail polish? By 3 PM today? That's what I really need.

Post a comment

Get GLONO merch!