03-18-2013, 05:31 PM
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Choice is an Illusion
Industry Role:
Join Date: Feb 2005
Location: Land of Obama
Posts: 42,635
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Fair Minimum Wage Would Be $22 An Hour
Minimum wage raised as high as a skilled tradesman? 
Quote:
Senator Elizabeth Warren (D-Massachusetts) is calling for a drastic increase in the minimum wage.
At a Senate Committee Hearing on Health, Education, and Labor, the senator argued that minimum wage could justifiably be raised to $22 an hour. Warren advocated for an increased rate based on a recent study showing what the wage would be if it reflected growth in worker productivity.
"If we started in 1960 and we said that as productivity goes up, that is as workers are producing more, then the minimum wage is going to go up the same. And if that were the case then the minimum wage today would be about $22 an hour," she said.
Warren added “So my question is…With a minimum wage of $7.25 an hour, what happened to the other $14.75? It sure didn’t go to the worker.”
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FULL STORY
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Enough Said. 
"Would you rather live like a king for a year or like a prince forever?"
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