Our new administration is proposing a $15 per hour minimum wage. Sounds great! I had a few questions to propose to the readership:
If I am currently making $15 an hour due to my performance, longevity, adherence to policy, etc., should I also be entitled to a 110% increase in hourly wage?
Will my employer be able to survive the additional mandatory increase in benefits such as Social Security, unemployment and workers’ compensation benefits? How much will my employer need to increase the costs of his goods or services to make a return profit on his investment? And lastly … will he be able to successfully market his goods and services, given the increased pricing to be borne by the consumer?
I am about prosperity for all, our safety and our children’s future in the wake of mounting national debt, and possess an America-first mindset. I’m hoping someone sharper than myself, from this readership, might be able to answer my questions.
Jim Fontana Sr.
Unity