That would si a hell of a lot to ease the burden most people are feeling. Hell, my wife and I could back off to 1 FTE each
It won’t end the new gilded age, but it can maybe help ease things. Chances are that companies will raise prices far beyond increased labor costs and blame the minimum wage increase. They can do this because there’s too little competition in too many industries.
To ensure wages don’t lag again in the following years, the bill also requires the minimum wage to automatically grow each year to reach the equivalent of two-thirds the national median hourly wage. It also eliminates the subminimum wage, which is paid to tipped workers, youth workers, and workers with disabilities.
I’m in favor of both of these. It means we don’t have to relitigate the minimum wage battle every few years, and paves the way for moving away from tipping, which I can’t be alone in wanting.
Tethering minimum wage to median hourly wage is a good start, but might have some unintended yet foreseeable consequences, since it would incentivize employers to suppress wages to keep the median wage down, and thus lower minimum wage.
Far better would be to tether minimum wage to the cost-of-living. I explained in more detail in a different comment, but basically the formula has three variables: the monthly cost of necessities (area-dependent), the percentage of monthly income (at minimum wage) that should be expected to meet the cost of necessities (defined by legislation), and the number of hours that constitutes a month’s work (also defined by legislation, for now it would be four 40-hour weeks, i.e. 160 hours).
So for example, if a state legislature chooses 50% as the proportion of monthly minimum-wage income that should be enough to meet necessities, and someone lives/works in a district where necessities cost $2000 per month, and we’re using the standard workweek, the formula would look like this:
($2000 ÷ 50%) ÷ 160 = $4000 ÷ 160 = $25/hour
Which tracks with the legislation in the OP, but it’s also a flexible formula which can be adapted as needed, leaves room for negotiation (e.g. states can choose what percentage to use, and whether COLA should be measured state-wide or by district) which should make it palatable to the widest audience, and it should also adjust over time as cost-of-living should be recalculated every year.
How about we start throwing CEOs in prison when they break the law
Threadly reminder, you have been stolen, for centuries.
Raising a salary doesn’t increase your true compensation for the fruits of your labor. You should be asking for dividends.
Capitalists hate this.
I suppose it’s nice to hear that there are a handful of legit progressives out there, but if we ever manage to get a living wage passed in this country, I hope it’s tied to inflation so the capitalists can’t so easily abuse it and gouge prices.
Inflation is measured disproportionally by commodity prices. That’s why you can see consumer prices nearly double, and inflation is only mentioned as 5-10%.
The corporations can triple the prices on the shelves, and if the commodities they buy to produce those consumer products are more or less the same price, inflation numbers won’t really budge much.
Minimum wage should be tied to cost-of-living, which also varies by region. If San Fransisco and backwoods Oklahoma are averaged together, that’s not going to be a very useful metric.
Minimum wage in a given district should be a proportion of the cost of living for that district, such that, for example, a person working four 40 hour weeks (160 hours) should be able to meet the cost of all their basic necessities with a defined percentage of their income, say maybe 30% (although since it’s a minimum, that percentage could reasonably be higher, but definitely no higher than 60%).
Of course, what necessities are included, and how to measure their cost needs to be clearly defined. I’d say as a baseline, that would include food, housing, utilities (including water, electric, heat, and honestly even internet and cell service because let’s be honest, those are necessities these days), healthcare, and reasonable transportation based on what’s available in the area (i.e. viable public transit or car-centric infrastructure). Arguments can be made to include other recurring expenses, such as clothes, but that would be harder to quantify. (Things like savings and discretionary expenses belong in the leftover percentage of income).
So if, for example, someone lives in a place where the cost of living is measured as $2000 per month, and say the minimum wage is tethered to the cost of living by a factor of 50%. That means the person should make at least $4000 for a month’s worth of work. $4000 ÷ 160 hours = $25/hour, so that tracks with what they’re pushing for.
Of course, some places (many places, these days), $2000 isn’t enough to make ends meet. So cost-of-living should be calculated by district. And the specific percentage is negotiable. States with good legislators might deem 30% of minimum wage income should be enough to meet necessities. States with shitty representatives might say 60% of minimum wage income should be enough to meet necessities. And that can change the calculation drastically, so there’s a lot of wiggle room. But the overall structure of the formula should be mandated nationwide, as well as a standard definition of necessities and how to measure them.
Lastly, this leaves room in the future for a particularly progressive Congress to change the definition of a work week to 30 hours or so. All that needs to change then is the number you divide the monthly income by (in this case, 120, so 4000/120 = $33/hour in our enlightened future).
It’s not going to pass; and they’re future faking (again!) to get people to vote for genocide.
There’re soft power advantages even for a Bill with an expected 1% chance of passing (GovTrack):
- It widens the Overton Window, challenging the neoliberal status quo.
- It organizes the 100+ organizations supporting it into a coalition.
- It forces Republicans to vote against a bill popular with Democrats, young people, and minority voters.
I’d rather have Democrats doing this type of strategy over sitting on their hands while they have no power. When it fails loudly in a hostile Congress it may accomplish more than a watered-down bill that quietly passes.
Yup.
Can we hang the pedo first?
Which? All of them.
Is that above the poverty line?
It puts them above 98% of the world and should be enough to live on.
it wouldn’t be… once the rich crooks that own everything jack all the prices and rents and rates up to ‘compensate’.
Yes, by a lot.
The 2026 Federal Poverty Guidelines (FPL), released by the Department of Health and Human Services (HHS), set the poverty threshold at $15,960 annually for a one-person household in the contiguous U.S.
$25/hr x 40 hours a week x 52 weeks in a year comes out to $52,000 a year, which is more than triple the poverty level.
Yay! Public masturbation instead of actually fucking doing something. What happened to impeaching the shit stain that keeps desecrating the constitution?
Teflon Don isn’t gonna get impeached anytime soon. Can’t even get enough people in the house to introduce the articles.
