Wages are not just line items on a budget -- they are the basis of people's livelihoods. It's time to face reality. Raising bank employees' wages will be good for them, New York state, New York City, our economy and our industry.
When employers deny workers a living wage, everyone suffers. Each year, New York's taxpayers spend at least $3.3 billion on SNAP (Food Stamps), Medicaid, and welfare for families who work but still qualify for these entitlements.
Absenteeism matters. It is more strongly associated with dropping out than low test scores. The reasons that children from low-income families miss more school are varied. Their families may not have the ability to advocate for proper services for students with learning or physical disabilities.
"Raising the minimum wage is one simple and long-overdue step toward rebalancing the social contract so that the private and public sectors are more equal participants in improving living standards for American workers."
How can otherwise uninsurable voters proudly support candidates opposing universal healthcare? Are such voters simply unintelligent? Even more puzzling, how can voters receiving food stamps or other governmental assistance proudly claim to be "anti-government"?
Why would anyone, other than businesses who profit from low wages, oppose a minimum wage increase? If one really believed that a higher minimum wage would increase unemployment, there might be a case for today's lower wages. What does the evidence show?