Robert Pollin at Truthout
The minimum wage is better defined as a set percentage of average income (say 50-60% of average wage of prior year). Defining the minimum wage at a dollar amount sets the stage for constant battles over minimum wage; by the time the $15/hr wage is won, it will be obsolete.
Low employment empowers owners/employers; they don't compete for workers and they pay less for more labor. High employment creates competition between owners/employers for workers. There is a need to create/increase competition between owner/employers and workers.
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