DiscussionsPADM

profileRawono1
  • 2 years ago
  • 6
files (3)

Minimumwage.docx

Minimum Wage:

A city has set the minimum wage for all businesses operating within its limits at $15 per hour.

Hello Everyone,

Plenty of reasons why I beg to differ with having all businesses operate with the minimum wage of $15 per hour. If we could, we'd realize that $15 an hour amounts to only $31,200 a year, assuming full-time work—about half of the U.S. median income and a painfully small amount for living and raising children in most American cities.” It can be painfully small outside of cities, too. The minimum wage is once again generating contentious political debates. Virtually all the arguments involve economics, however. Questions pertain to the effects of increases in the minimum wage on poverty, unemployment, automation, job quality, income of low-wage workers, work hours, and income inequality. Rarely, if ever, do debates mention public health. But all these factors- poverty through income inequality-are widely researched in the Social Determinants of Health literature. Omission of public health from the debates, I believe, results from a paucity of research.

The Living Wage for US, a nonprofit organization, has determined the minimum wage that would allow an individual to maintain a typical-sized working family. This benchmark is in line with both worldwide norms and the demand for "family-sustaining wages" made by the Biden administration. Its calculation factors in the price of housing, food, transportation, health insurance, taxes, out-of-pocket medical expenses, retirement savings, childcare, and other essentials, plus a 5% buffer for unforeseen circumstances. According to this metric, 90% of the US population lives in counties where a minimum salary of $20 per hour is required to support a family. The $20 mark is still too high for over 36% of American workers. High inflation has made already difficult trade-offs, such as having to choose between paying rent, buying food, and receiving medical treatment, much more so for tens of millions of workers. This disparity helps to understand why. An increase to $20 per hour would need cautious execution. It makes the most sense to phase it in gradually, particularly for smaller firms. However, if we procrastinate any longer, we will be perpetually behind. The cost of living will always rise, thus once $20 is set up, it should be automatically increased upwards. (Departmental leaders in several major cities should immediately raise the minimum wage to much above $20.)

References:

Leigh, J. P. (2016). Could Raising the Minimum Wage Improve the Public’s Health? American Journal of Public Health (1971), 106(8), 1355–1356. https://doi.org/10.2105/AJPH.2016.303288

Fight for $15? that’s no longer a living wage. let’s go for $20. (n.d.). https://www.fastcompany.com/90872566/fight-for-15-hour-not-living-wage-time-20

Jerry