Minimum Wage, Prices Don’t Need to Go Up

I’m a writer and independent scholar, so I don’t think I’ve ever managed to average minimum wage.  However, I love my work and don’t need to pay for clothes or transportation.  On the other hand, there are a lot of people who work at jobs I could never manage to do, like fast food cooking or home health care or waiting tables.  These people often get less that $8.00 an hour.  Out of that they have to pay taxes and Social Security. 

Now, the argument is that if these people were paid $15.00 an hour, prices would have to go up.  That seemed to me to be a knee-jerk argument.  Management’s first impulse is to pass the cost along.  However, I propose another solution, which I shall submit when I’m elected to the Senate.

A modicum of research led me to the fact that the CEO of McDonald’s makes $9700.00 an hour — that’s not including the private jets or stock options.  Now, if he and the other CEOs took a pay cut of say, $3000.00 an hour, think of all the people who could get a raise!  Does anyone need to make more than $6700.00 an hour?  I could live quite nicely on that.

Here is a recent list of the disparity between CEOs and the work force.  Think about it the next time you shop.

http://finance.yahoo.com/news/mcdonalds-starbucks-ceos-more-9-110100507.html

And, if you don’t want to write my name on your ballot, at least get out and vote!