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Increase Minimum Wage to $15
Increasing the national minimum wage to $15/hour would create a much more socially and economically equitable nation. Many of the social programs that the United States government runs, such as welfare, food stamps, housing assistance programs, housing subsidies, etc., etc., all of these programs are to help the working class survive in a cut-throat economy, but only very few helped by these programs can rise out of the ranks of poverty. The problem is not about putting more tax dollars into these social programs, but to abolish the thing which they exist to treat: people being underpaid.
24% of reported income of all Americans in 1992 was either very much below the poverty level or bordering on it. Considering that 9.5% of income for that year was unreported, it's possible that 33% of Americans are living in poverty (100 million people). [Census Bureau. Author: Durwin Knutson, Company Statistics. Revised February 08, 1999. Summary Characteristics of Business Owners and Their Businesses: 1992.] It's not a question now of solving this problem with more social programs, more educational grants, and more public works. It's a question of making sure that the workers are being paid for fairly for their labor. The current minimum wage in most states, if you worked 40 hours a week, you would some chance of supporting only yourself, but if you had a family, you'd be stuck in poverty. And that would be despite the fact that you're giving the majority of your conscious existence to the support of this massive machine.
Can big business afford it? Yes. For every dollar earned at a business, 14 cents goes to the payroll. [U.S. Census Bureau, 1997 Economic Census, Comparative Statistics, Core Business Stastitics Series, EC97X-C52, issued June 2000] Another 14 cents goes to pay for all expenses (i.e. rent, electrical, stock, etc.). [Business Expenses, 1997 Economic Census, Company Statistic Series, 1997, Issued December 2000, EC97CS-8.] 72 is the profit. If you double minimum wage, then 28 cents would go to the work, and the profit would be 58 cents instead. I think the Capitalist system will handle it.
This isn't a question of Socialism and Communism and Capitalism, or big bureaucracy versus an enormous government. This is about enacting a simple economic policy for the aid of all working Americans. In Berkley, there is a minimum wage that is just a little less than $15, and their economy hasn't shown one sign of slowing down or massive unemployment. It has worked in practice. Let's put it into effect nationally.
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