No one can survive on $7.25, everyone should have a living wage!
Living Wage Basics
- One basic job of a nation is to make sure everyone has housing, food, healthcare, education, and other opportunities.
- Requiring that workers are paid a living wage is one way to accomplish this job.
Living Wage Background and Proposal
We can do it, technically. The United States is the wealthiest nation on Earth.
The problem is “political will” which increasingly translates into, “Do the billionaires want it?” The billionaires have amassed more money than they need for jets, islands, and parties, and so they buy power, particularly in the form of media outlets and politicians. Then somehow a living wage for everyone just doesn’t seem politically feasible.
If the minimum wage had kept pace with inflation, cost of living, and the increase in productivity, it would be about three times the current federal minimum wage of $7.25.
Let’s compare $7.25 to the hourly wage a billionaire would have made if they earned their money working at a wage job. Here’s a question, “Is anyone worth $10,000 every hour, 40 hours a week, for 50 years from age 20 to age 70?” That’s the hourly wage it would take to build up to a billion dollars. Of course, they would have to tighten their belts and live on only $800,000 a year.
If this country can set up a system of rewards and taxes that creates billionaires who then exert their “political will” over our lives, we can certainly propose and establish a living wage for all workers.