What do you think minimum wage should be?
I don't know as it is beyond my expertise.
I do believe mid to large size companies (50+ employees) in America could easily afford to pay $10 or more an hour and remain profitable. Perhaps $15 an hour is reasonable I don't know nor am I arguing against it.Wages and minimum wage specifically has not kept up with inflation. My only argument is the solution to income disparity and wealth isn't as simple as raising the minimum wage. Addressing wealth inequality involves tax reform, controlling cost of consumable items, and medical cost among other issues.
Again I'm really interested in seeing in 2018 and 2019 the impact Seattle wage law will have. It is a better snapshot than say looking at Denmark or Finland.
I would like to state that I understand the viewpoint from both prospective. I've implemented a career change this year and quit my job as a manager. I am going to school to become an RN. I went from making $60,000+ a year to $10.50 an hour and I can only work 24 hours a week. Nursing school is very intense and I am unable to work more hours. I'm in the hole about $2000 a month and don't qualify for any government aid because of my assets. I also don't qualify for student loans nor government grants as I have too many credit hours completed and only qualify for financial aid if I am earning a graduate or higher. So I do understand how hard and impossible it is to support a family on $8 or even $10 an hour especially without government assistance. I do get to test out the Affordable Care Act next year and get a tax credit for that.