Tuesday, January 28, 2014

Why Stop at $ 10.10?

Middle class Americans can't make it on $ 50,000 annual salaries.  I would think they need twice that to really live the American dream.  Why not make that happen?

What if the minimum salary for a working American became $ 100,000 per year?  That way people now making a mere $ 20,000 would make $ 100,000.  Wouldn't that do something to reduce inequality?

This could be just the beginning.  Why not index that number to the rate of inflation?  Had we simply done that 50 years ago, the minimum salary would now be $ 250,000?  Wouldn't the average American be much better off making $ 250,000 than $ 50,000?

The argument is compelling.


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