Friday, June 15, 2012

Disquieting Wage Statistic...and Ultrarunning

Guess what?  In no state is a 40-hour, minimum wage work week enough to afford a two-bedroom apartment.  See link here.

Better repeat that shocking statement: In no state is a 40-hour, minimum wage work week enough to afford a two-bedroom apartment.
Good thing raising the minimum wage is bad for business, and therefore simply cannot be done, or else some folks at the lower end of the pay scale might be able to afford decent housing.  Wouldn't want that, no sir.

Here's one thing that bugs me about any discussion of raising the minimum wage: it is always couched in terms of limited or no options.  In other words, the consequence of raising the minimum wage is always stated as small businesses can't afford it and if forced to pay more, they will fail.

Now, I'm not trained in business, but I never seem to hear the option that the small business could simply raise its prices and pass along the increased labor costs to their end customer.

I am so fortunate that my income is healthy such that I have the leisure to pursue Ultrarunning and not have to worry about being able to afford basic necessities.

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