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:
If minimum wage was $21.72 I wouldn't mind working in fast-food—
☆☆Laquil Humbles☆☆ (@JadaLegit_16) February 14, 2013
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.
I'm in favour of a $21.72 minimum wage to help the poor, reduce unfairness, end inequality, move forward, be diverse, and bet on America.—
Charles C. W. Cooke (@charlescwcooke) February 14, 2013
But why stop there?
They couldn't just round up to $22?—
RB (@RBPundit) February 14, 2013
To infinity — and beyond!