As President of the United States, that’s what I would do. That’s right, and I’d slash corporate taxes to offset the increased labor costs, thereby creating a zero-sum game of sorts – so the government gets their fair share of taxes and companies can still make profits and thrive.
Let me explain.
For the past 6 years I’ve lived a creative life that wasn’t about the white-collar world and its 9-to-5 days filled with coffee breaks and softball games (or maybe now it’s soccer). In the creative world, getting a job to support your passion is all about blue-collar and minimum wage, not to mention how difficult it is to even get a job. And who can live off $8 an hour? Do the math: $8 x 7 hours (with your mandatory breaks) equals $56. After the government takes their share, let’s be generous and call it $50. Times 5 days a week equals $250 – a measly $1000 a month.
Now who can claim their Independence – let alone afford health insurance – on $1000 a month?
Nobody can, unless you share a studio apartment with 3 other people and eat peanut butter and bananas every day. Sure, you can get lucky and land a server or bartender job where you’ll earn tips on top of that, but it’s not that much more. Trust me, I know. And the work is stressful and grueling, so always remember to tip your wait staff. And go for the 20%…it makes a difference.
Today the news said that 20% of Americans are struggling to meet their financial needs on a day-to-day basis. That’s 1 out of every 5 Americans who can’t make ends meet. Way too many.
So what should we do? Raise the Minimum Wage to $12
Happy Independence Day everyone…and don’t forget to get your workout in!
Enjoy – R