$22 minimum wage sounds about right to the majority of Americans, but Massachusetts Senator Elizabeth Warren actually backs up that belief. According to a March 18 report, the senator measured what today's minimum wage should be against work productivity that has gone up since 1960.
“If we started in 1960, and we said [that] as productivity goes up … then the minimum wage was going to go up the same … if that were the case, the minimum wage today would be about $22 an hour,” Warren said at a Education, Labor and Pensions Committee hearing.
The federal minimum wage is $7.25, but several states have a higher rate. In a YouTube video posted, Senator Warren asks, “What happened to the other $14.75? It sure didn't go to the worker."
In Washington, Democrats are talking about increasing the minimum wage to $10 an hour.
It's incredibly difficult for millions of Americans to live on today's minimum wage. A $22 hourly pay rate may seem steep, but when today's cost of living expenses are calculated, it almost requires someone making that kind of money in a household.
How do you feel about the senator's thoughts on a $22 per-hour minimum wage?