If the minimum wage was pegged to productivity increases, it would be $21.72 per hour bit.ly/GITe9W—
Mike Elk (@MikeElk) February 13, 2013
President Obama is pushing for the hourly minimum wage to be raised to $9, but according to a study by the Center for Economic and Policy Research, that’s not nearly enough. The study suggests that, in order to keep up with increased worker productivity, the minimum wage should be increased to $21.72 per hour. No, really:
Shockingly, some people are quite keen on that number:
You’ve got that right. Businesses are already being squeezed by countless taxes and regulations. If the minimum wage increase to $9 would result in more hiring freezes and layoff bombs, just imagine what an increase to $21.72 would bring.
Perfect. It’s just what America needs.
But why stop there?
To infinity — and beyond!