Monday, September 17, 2018

Living wage

Talk about the minimum wage has always centered around politics when it should be an economic issue. The average hourly pay is $25 but too many people are far below that. To bring low earners up to that level requires that companies charge more for their products and services and consumer to pay more. If consumers are willing to pay 10% more this goal can be achieved. This will allow companies like Walmart to cover the cost of the increased pay along with the benefits that go with the increase. Are people willing to pay $330 for a $300 TV so their fellow workers can have living wage?

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