Can anyone live on $10 per hour?
I have no idea what type of business Mr. Jauch is involved in. If it is marketing then I would assume that there is a commission for your employees. Which may be quite a substantial amount. I’m sure minimum wage is not a factor. If he is employing hourly employees in the service industry, manufacturing, or construction, that is completely different.
The president has proposed a minimum wage in the $10-per-hour range. Can anyone consider that a “living wage?”
According to the article by Moscoso and Sells, half of the minimum wage workers are over 40 years old. There are a number of other facts that show the race to the bottom. I would suggest you go to some of Senior Centers and see how many during their working years employed at a minimum wage were not able to acquire a pension or save for their retirement. Many are living only on Social Security. See how many use food stamps, meals on wheels, have no medical plan.
I have one question, if there was no minimum wage what would you consider a fair amount?
Allen L. Wood