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In response to
"could you live on 9.50/hr? -- nm"
by
Andie
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If I had to, yes. But I had incentive to improve my skills and earn employment where I could live for more.
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Again, minimum wage is as close to useless a tool to tackle poverty as there is. There is no co-relation between a higher min. wage and lower poverty. The economics of it doesn't lie.
What there is a measurable co-relation is between the number of entry-level positions and min. wage. Ditto the number of small businesses that get directly impacted every time it rises. And costs of basic consumables.
That's the thing. If we think that $10 is too low to "live on" then why don't we job move to a $20 min. wage? Or better yet, a $50 min wage. That way anyone who works will be rich, right?
Doesn't work that way. Min. wage is simply a "Sounds like it should work this way, so it must work this way" policy that makes for politics, not policy.
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