Wednesday, June 19, 2019

Minimum Wage increase in increments is best


draft III

I recently met a fellow who adamantly claims that when minimum wages rise, prices for everything else will almost immediately double. I think he should do a little fact-checking. First, companies generally don’t want to drive themselves out of business. Prices for many businesses with lots of workers who will be paid the new $12 an hour are more apt to raise their charges by 5 to 10%, if at all. Second; food, rent and utility costs didn’t double in any of the other 29 states who raised their minimums. 
*

It’s sad that, instead of determining ways to encourage workers to use more empowerment, innovation, imagination and teamwork, some employers in anticipation of the $12 raise are focusing their energy on exaggerating how much this will hurt them, while looking to trim work hours, and seeking exceptions or loopholes. (I do agree that an immediate $15 an hour would injure some companies.)
*

Indeed, it’s less of a societal failure when more of our industry leaders realize that higher wages often translate into better worker stability and even increased loyalty. Employers will be likely to see less costly worker turnover when their staff receive something approaching a living wage. Maintaining experienced employees with institutional memories saves on training costs, lessens work errors, reduces paperwork and makes for improved work atmospheres. 

*
Recently at my minimum wage workplace our paychecks were delayed due to an accounting error. For some this may seem like a minor nuisance, but for many of us, our anxiety level rose with the continuing uncertainty of when we might be paid. Concerned work colleagues started canceling weekend plans and worried about late charges for utilities, which affects credit ratings. (Fortunately our checks showed up in the nick of time.)

*
Many people who have never experienced being absolutely broke don’t realize how large a difference it is to have $300 versus owning zero money. Everything comes to a standstill.  Suddenly, we don’t have enough to buy toothpaste and Raman noodles, and have trouble deciding whether we should do laundry or save the coins for the work-bus. The minimum wage raise will help immensely with our efforts to get unstuck.
*

I think Gov. Wolf’s proposal to raise the wage to $12 and then yearly 50 cent increments is right on track, considering that we’re experiencing a good economy; that the wage has not kept up with the inflation of the last ten years, and that this long overdue earned increase would give dedicated workers better chances to flourish and shine for their companies and for themselves and families.

JB

References:

No comments:

Post a Comment

Popular posts