The Fight For $15 – What It Means to All of Us
We at Ring of Fire frequently post news about the ongoing Fight for a $15 hourly minimum wage. Given the enormous increases in the costs of basic necessities like food and housing, it’s really not enough. Taking all factors into consideration – not only inflation, but increases in productivity and worker expectations – the current minimum wage should be around $22.50. That’s extrapolating from a study three years ago from the Center for Economic and Policy Research (the figure given at that time was $21. 72). One city in the nation – Seattle, Washington – is mandating an $11...
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