And the labor unions but I repeat myself. Minimum wage was never intended to be a living wage. The very idea that it was minimum is supposed to provide an incentive to the worker to acquire skills that are of value to the employer and thereby get paid more because they are worth more.
Looks like some politicians are seeing the light - from the New York Daily News:
Missouri set to reduce St. Louis minimum wage from $10 to $7.70
Missouri’s governor will allow a bill to pass that rolls back St. Louis’ minimum wage from $10 back to $7.70, the standard across the state.
Gov. Eric Greitens announced that he won’t sign a bill that blocks cities and counties from setting their own minimum wage, enforcing the Missouri standard statewide.
A lot of labor union contracts peg the workers wages at some multiple of the minimum wage. Petitioning for an increase of the minimum wage slipstreams a nice fat raise into the rank and file which means more sweet $$$ for the union dues funding the bureaucracy. This is why you see so many union signs at the demonstrations. The minimum wage grunts are not union but their getting a raise puts gold into the union management coffers.
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