An Alternative To The $15 Minimum Wage

Well that big thing is the proposal for a $15 minimum wage….and of course the GOP is having a stroke at the idea.

They preach the same crap every time….that it will cost jobs and drive corporations overseas…..To this I say BS to the first accusation and to the second then let the cowards go as long as they pay a fat tax for leaving.

Contrary to popular support…..Two-thirds of Americans (67%) support raising the minimum wage to $15 an hour, including 41% who say they strongly favor such an increase, according to a Pew Research Center survey…..although a majority of the American public support this idea…..it is a doomed proposal.

The $15 thing will NEVER fly in the Senate…..even though the Dems have a slim majority they also have a couple of conservs in the party that hate seeing humans make a descent living….not to mention any name….Manchin and Sinema…..

Maybe there is a couple of things that could be done that would actually make a difference in people’s lives…..

The government could make it a more just society but they are afraid to slap around the wealthy that take from society and give nothing in return…..afraid the cash cow will dry up for their re-election funds.

Just my idea to help if you cannot manage to raise the minimum wage…..since food seems to suck up the cash on hand along with shelter, utilities…..why not use a tool, that is at hand?

Price controls.

The government could step in and make life easier for those that are struggling especially these days of lockdowns and unemployment….

Government price controls are situations where the government sets prices for particular goods and services.

Types of price controls

  • Minimum prices – Prices can’t be set lower (but can be set above)
  • Maximum price – Limit to how much prices can be raised (e.g. market rent)
  • Buffer stocks – Where government keep prices within a certain band
  • Limiting price increases – In a privatised monopoly (e.g. electricity, gas, water – where there is no competition) the government regulator may play a role in limiting how much prices can be increased. In the UK, regulators use a formula like RPI-X.
  • Direct price setting – In a command economy, prices of goods may be set by the government.

Since food seems to continue in a never ending spiral upward to the point where people have to decide between food or rent the government should step in and help.

It is not like this has not taken place in the past…..

Signed on August 15, 1970, during the administration of Richard Nixon, the Economic Stabilization Act gave the president power to impose wage and price controls to stem inflation caused by federal efforts to finance its operations. It extended a law that had provided the executive with similar authority during the Korean War; the earlier law, in turn, had precedents in controls imposed during World Wars I and II.

For those that would like to know more about this law then I can help…..

https://scholarlycommons.law.case.edu/cgi/viewcontent.cgi?referer=https://www.google.com/&httpsredir=1&article=3158&context=caselrev

Not to worry this will NEVER happen because Congress is well paid by lobbyist to keep anything good from ever taking place.

Politicians play to a base and the rest of us be damned….people go hungry and people become homeless and yet NO ONE gives a shit.

You may not like my idea but for now it would help those that need it the most.

Turn The Page!

I Read, I Write, You Know

“lego ergo scribo”

4 thoughts on “An Alternative To The $15 Minimum Wage

  1. Opposition to a minimum wage is bad economics, and counter-productive. Studies have shown that paying people a decent living wage not only reduces dependence on welfare benefits, but also creates more buying power which in turn generates increased commerce and trade. That also means more jobs in the long term.
    Best wishes, Pete.

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