/----/ Minimum wage is not designed for those workers. I was a teen living at home and had few expenses when I worked for MW. I didn't get married until I had a career, benefits, a decent paycheck and money in the bank and it was still a struggle.Minimum wage does have detrimental effectsEntry level new carIt’s the fault of minimum wageSo is that the fault of minimum wage or the colleges charging way too much?
Despite their extreme liberal bias, they have taken advantage of supply and demand. When you went to college, only fraction of your class was able or wanted to go. Today over half or more of a graduating class ends up in college.
College doesn't have to draw students to their school like years before. They will come in flocks no matter what.
For that $2.10 an hour I could buy a brand new car working six months. That $2.10 would buy me seven gallons of gas
It would take $15 to match the buying power I had at $2.10
I see, so what you're telling me is that if you were a kid today making $15.00 per hour, you could easily afford to put yourself through college at 30K a year. Or perhaps a brand new car in six months. Well, I guess if you could go without food and shelter you'd be doing fine. After all, at $15.00 an hour for 40 hours a week, a half year wages would be about 12.5K. What kind of car did you plan on buying anyhow?
Just like you could buy in 1972. VW, Pinto, Corolla, Vega
$15 an hour will help students pay for college without massive debt.
That is what minimum wage should do
But if the minimum wage has no detrimental effects, why would we stop there? If we made it $40/hr, they could pay for college with cash and get a decent Subaru.
Those struggling to start life or raise a family have to go into debt or go on public assistance. Employers exploit the system for increased profits