What’s the Deal with a $15 Minimum Wage?

By Justin Stakes

by Dr. Tracy Miller

Grove City, PA -(Ammoland.com)- Arguing that no full-time worker should be paid so little as to live in poverty, Bernie Sanders supports increasing the minimum wage to $15 per hour by 2020.

This is part of his plan for reducing income inequality in the United States. Unfortunately, raising the minimum wage, especially by such a large amount, will reduce the incomes of many low-wage workers by making fewer jobs available.

To be sure, an increase in the minimum wage does benefit many workers. It benefits not only workers who were paid below the new minimum, but also skilled workers who are already earning wages above the minimum. Proponents concede that some workers may lose their jobs, but argue that their losses will be more than offset by wage gains for most low-wage workers.

That said, there is also no question that many low-wage workers will have a harder time finding jobs if the minimum wage is increased from its current level of $7.25 to $15.00 per hour. The goal of business owners is to make a profit, and to …Read the Rest

Source:: AmmoLand