I'm sure this argument has come up with each raise of MW.
But...
$15/hour is $31,200 per year, assuming a full-time position and no vacation. Before taxes.
That's decent, right? So then two people working MW jobs would make $62,400/yr, full time, no vacation, before taxes.
Seems reasonable so far, right?
So, what happens to the "underachievers" or the ones that can't perform? I mean, I would assume that if MW is $15/hour that a lot of employers would look for "higher quality" employees. I mean, I'd hate to see a job for a cashier at McDonalds say "Bachelors Degree".
Also, to poke the bear further, there was a movement that was an epic fail. I think it was in Europe somewhere. There was a group that wanted to cap the CEO pay at a certain amount above the lowest paid employee (I think it was 15x).
I guess the incentive there is to pay people more. Companies can get around that, though, because I think the laws for contract employees and interns are different.
Anyway, assuming $15/hour for the lowest paid employee, that means the CEO could still get $225/hour, or $468,000/year. Assuming, again, the full 2080 hours per year and no vacation.
So let's try to have a discussion....
But...
$15/hour is $31,200 per year, assuming a full-time position and no vacation. Before taxes.
That's decent, right? So then two people working MW jobs would make $62,400/yr, full time, no vacation, before taxes.
Seems reasonable so far, right?
So, what happens to the "underachievers" or the ones that can't perform? I mean, I would assume that if MW is $15/hour that a lot of employers would look for "higher quality" employees. I mean, I'd hate to see a job for a cashier at McDonalds say "Bachelors Degree".
Also, to poke the bear further, there was a movement that was an epic fail. I think it was in Europe somewhere. There was a group that wanted to cap the CEO pay at a certain amount above the lowest paid employee (I think it was 15x).
I guess the incentive there is to pay people more. Companies can get around that, though, because I think the laws for contract employees and interns are different.
Anyway, assuming $15/hour for the lowest paid employee, that means the CEO could still get $225/hour, or $468,000/year. Assuming, again, the full 2080 hours per year and no vacation.
So let's try to have a discussion....
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