A Cost of Living Wage
The recent minimum wage proposal to increase to $10.10 per hour has been presented to raise 900K workers above the poverty level but also costing 500K jobs. I suggest we approach from a positive standpoint toward reducing those working while impoverished without such job losses. The US Constitution guarantees “Life, Liberty and pursuit of happiness.” Happiness is not guaranteed. Our primary problem is, there’s not very much to pursue. My job development program, initiated will, in First District, statewide and national, result in increased jobs from manual labor through Hi-Tech.
An analysis of real cost of living, whether individual or family, to earn a living wage-(the most basic necessities to survive)IE: Food, shelter, clothing, health care, could be maintained by each state. Once the sum per individual is determined, that person should be able to earn that amount –Tax Free.
By way of ongoing inflation, the net wage increase will still be lagging behind insofar as disposable income. Increased cost of living keeps so many of our citizens/workers at the poverty level. At year end, the employee who exceeds the cost of living wage would receive a W2 form showing amount just as they currently do except they would only be taxed on the income exceeding cost of living wage; otherwise no additional filing would be necessary by employer/employee.
The optimum would be cost of living covered by gross income. As of now, Medicare/Medicaid, Affordable Care Act, food stamps and other existing programs would fill most gaps. An able and willing worker could live decently without the constant worry over day-to –day existence. In essence, the employee should get their income before the government.
As to concerns about those who would cease to work and thrive on subsidies; they are misplaced. In NC those subsidies have shrunk to less than minimum survival. Both hi-tech and no-tech workers are on the streets and roads seeking work where none exists. Too many are veterans (over 100K NC unemployed) from Vietnam era though current operations throughout the world. As more innovations and inventions create more revenue, we can get off this treadmill of hopelessness that we have allowed to exist. It’s no way to live and it’s definitely not the American Way. We need leaders who will take action to raise people up, not continual efforts that, regardless of intentions, only push them further down. When the least among us grow and prosper, everyone benefits.
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