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Terry Adams on Jobs |
My support in favor of the increasing minimum wage is fundamental. The minimum wage rewards work. If someone in the United States of America works forty hours per week, they should not live in poverty. In addition, when the minimum wage goes up, it puts money in the hands of people who will spend it locally, often in small businesses which helps everyone.
Imagine raising a family working forty hours per week, fifty-two weeks per year for the last five years at minimum wage. You would have made $15,080 dollars per year without one day of vacation or a sick day. You are also likely dependent upon housing assistance, food assistance, and Medicaid provided by the taxpayers. Meanwhile, after-tax corporate profits have averaged 9.2% of the economy, the highest since the 1920s.