@ISIDEWITHQuestionseconomyStarted 13yrs agoActive 2mos ago

Should the government raise the federal minimum wage?

Should the government raise the national minimum wage?

Tabled in 2015, and officially introduced in 2016, the National Living Wage is a wage scheme designed to be higher than the minimum wage. It applies to all those aged 23 and up who are not in the first year of an apprenticeship. From 1 April 2022, the National Living Wage stands at £9.50 per hour. For the vast majority of workers in the UK, the minimum wage in 2022 will see increases across the board across each relevant age range. That includes wages for 16-17-year-olds (£4.81 with a 4.1% increase), 18-20-year-olds (£6.83 with a 4.1% increase) and 21-22-year-olds (£9.18 with a 9.8% increase).

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Answer Overview

Response rates from 29.6k Eco-Socialism voters.

91%
Yes
8%
No
77%
Yes
7%
No
7%
Yes, and adjust it every year according to inflation
1%
No, this will only cause prices to increase in a never ending cycle
7%
Yes, and make it a living wage
0%
No, most minimum wage jobs are meant to develop experience, not support a family
0%
No, and eliminate all wage standards

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Other Popular Answers

Unique answers from Eco-Socialism voters whose views went beyond the provided options.

 @9LK7238answered…7mos7MO

Yes and adjust it to inflation but ensure other wages for jobs with more academic requirements and also raised

 @8Y6PXGYanswered…3yrs3Y

Yes - to £12 per hour

 @942YTGPanswered…2yrs2Y

Yes, and adjust it every year above inflation.

 @9VJKCMHanswered…2mos2MO

Yes, but also promote collective and sectoral bargaining agreements and promote trade union membership

 @9QQ69BNanswered…5mos5MO

They should make companies raise other wages who pay the lower tax rate, at the same percentage as national living wage goes up

 @9QQ43SBanswered…5mos5MO

Not if other jobs don't go up too, I am thousands in debt training to be a teacher and the gap is narrowing all the time.

 @9QPYNDFanswered…5mos5MO

The government should reduce inflation, however, what ever inflation percentage is should be the percentage increase at which NMW increases by, but standard rates of pay should also be enforced to increase inline, making skilled work skilled again, stopping those who work hard from chasing their tale when they put in the work.

 @9QKPMGSanswered…5mos5MO

No, as this hits those on a wage little over that have skills and responsibilities that wont be reflected against pay

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 @M0derateImpala from Minnesota submitted…6mos6MO

Companies Cut Worker Hours After California’s $25-an-Hour Minimum-Wage

California's budget deficit has ballooned to $45 billion. Mr. Newsom projects that the new healthcare minimum wage would cost the state $4 billion more a year owing to higher Medicaid costs and compensation for workers at state-owned facilities. Legislative analyses warned about these costs, but Mr. Newsom signed the law anyway.California’s current minimum wage for all workers is $16 an hour. Nearly all workers at healthcare facilities including janitors will have to be paid at least $25 an hour by 2028.California’s wage minimums are another illustration of how progressive mandates boomerang. Average weekly earnings for leisure and hospitality employees in California have declined by 2.6% over the last year owing to a steep drop in hours worked. By contrast, those average weekly earnings rose 3% nationwide, 3.2% in Florida and 5.2% in Texas.California’s wage minimums are another illustration of how progressive mandates boomerang. Average weekly earnings for leisure and hospitality employees in California have declined by 2.6% over the last year owing to a steep drop in hours worked. By contrast, those average weekly earnings rose 3% nationwide, 3.2% in Florida and 5.2% in Texas.Average hourly earnings for California leisure and hospitality workers have also increased more slowly—2.1% compared to 3.8% nationwide—no doubt partly because the state’s softer labor market has reduced competition for workers.When government raises wages above what the market commands, employers will increase prices and reduce labor. California, QED.

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