A $10 minimum wage would save $7.6 billion annually in spending according to the EPI

I

Illinois Enema Bandit

Well-Known Member
Blunted 4 lyfe said:
YOU were the one who thought $40 extra in pay was a windfall and stated that raising the minimum wage by more than that would be too much.

The mere fact you're on this thread not supporting raising the minimum wage to a living wage IS opposing raising it you moron.

Just like a true republicunt...make statements and then later deny making them hoping hoping no one will scroll back to your very first comment on this thread. :roll:
Click to expand...
for some 40 is a windfall between grows
 
Michiganmeds1982

Michiganmeds1982

Well-Known Member
Padawanbater2 said:
The key findings are:

  • About half of all workers in the bottom 20 percent of wage earners (roughly anyone earning less than $10.10) receive public assistance in the form of Medicaid and the six primary means-tested income-support programs, either directly or through a family member. These programs include the Earned Income Tax Credit (EITC); the Supplemental Nutrition Assistance Program (SNAP), also known as food stamps; the Low Income Home Energy Assistance Program (LIHEAP); the Supplemental Nutrition Program for Women, Infants, and Children (WIC); the Section 8 Housing Choice Voucher program; and the Temporary Assistance for Needy Families program (TANF) or equivalent state and/or local cash assistance programs.
  • Workers in the bottom 20 percent of wage earners receive over $45 billion in government assistance each year from the six primary means-tested income-support programs.2
  • Roughly half of all public assistance dollars from means-tested income-support programs that go to working individuals go to workers with wages below $10.10.
  • If the minimum wage were raised to $10.10, more than 1.7 million American workers would no longer rely on public assistance programs.
  • Raising the minimum wage to $10.10 would reduce government expenditures on current income-support programs by $7.6 billion per year—and possibly more, given the conservative nature of this estimate. This would allow these funds to be repurposed into either new programs or expansions of existing programs to further leverage the poverty-fighting impact of this spending.3
  • Safety net programs would save 24 cents for every additional dollar in wages paid to workers affected by a minimum-wage increase to $10.10.

Full Article Here
Click to expand...
The only prob I see here is that they will increase the income limit to get those benefits.. So no real savings.

Sad thing is where I work new guys start out at 8.30 an hour and if they go to burger king 5 miles away they get 10 to start.... The company I work for made 30million last year.
 
You must log in or register to reply here.
Top