Monday, June 26, 2006
Minimum wage hike defeat
Most of us have started out earning minimum wage and worked our way up. When I started working in 1972, the minimum wage was around $2. 10 an hour. In 34 years, with costs of everything soaring, and wages struggling to keep up with inflation, the current minimum wage is only at $5.15 an hour when a loaf of bread costs $3. An 8-hour paycheck won't even fill up an average-sized car. Most of these jobs do not offer health care, and even if they did, minimum wage employees cannot afford it.
On the other hand, small business owners are also burdened with rising costs, and having to raise employees wages by $2 can cause a bigger strain for struggling businesses. But $5.15 an hour in today's world is a joke.