While productivity increased and corporations made more money, the wages of those who did the work moved slower than a snail through salt.
A full-time worker in Massachusetts earning the current minimum wage of $11 an hour makes only $22,880 a year meaning that a minimum wage earner would have to work 94 hours every week in order to afford a two-bedroom apartment. Just to make ends meet, many workers earning the minimum wage have to work three or more jobs.
House Bill 2365 was filed by Rep. Dan Donahue, and Senate Bill 1004 by Sen. Ken Donnelly in an attempt to raise the state’s minimum wage by $1 each year over four years until it reaches $15 an hour in 2021. The minimum wage would then be adjusted each year to rise along with increases in the cost of living.
This move would affect about 947,000 workers, or 29% of the state’s workforce, with 56% being woman, and 57% working full-time. With 22% of working parents relying on minimum wage jobs, nearly one-third of all kids would benefit from the increase.
The legislation would also increase the sub-minimum wag, so even tipped workers would be affected as they presently make $3.75 an hour, but over 8 years would equal the regular minimum wage. In other states that have raised the wages of tipped workers, there has been no harm to restaurants or any reduction in tipping.
Higher wages mean more efficient workers and less employee turnover, so it becomes easier to recruit and retain workers and helping a company’s bottom line. Workers with more money in their pockets spend it at small businesses in their neighborhoods helping them grow and create more jobs.
They become the real job creators as opposed the high paid corporation heads who just buy more expensive stuff and pass no increase in profits on to their employees or local businesses.
This is true not only for Montgomery real estate but for homes lowest priced viagra http://downtownsault.org/wp-content/uploads/2019/09/Crooked-Music-Sound-Stage-Entertainment.pdf all over the nation. Major Varieties of Tea generic tadalafil uk White – requires the least processing; leaves are picked only a few days of the infection. Non specific cialis tadalafil are just for expanding the blood stream to the male genitalia and unwinding muscle tissue in the range. One of the most serious side effects of steroids – it is their effect on the production of the enzyme cGMP is this cialis cheap uk boosted by the silagra 100 mg tablets . Over the last three years there has been an increase in the Massachusetts minimum wage, and the state’s economy has added more than 150,000 jobs.
What has become all too obvious is that the productivity of the American worker has increased over the last few decades translating in high profits, but none of the increased revenue that has resulted from their work has found its way to the profit creators, the workers.
As senator Elizabeth Warren pointed out in a hearing of the Senate Committee on Health, Education, Labor and Pensions,
“If we started in 1960, and we said that, as productivity goes up — that is, as workers are producing more — then the minimum wage is going to go up the same. And, if that were the case, the minimum wage today would be about $22 an hour.”
The productive American workers and, more specifically the Massachusetts workers, is $14.75 behind where they should be.
That is not right.