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View Diary: "Manfacturing job, minimum wage, no benefits", and I would have accepted if I could (8 comments)

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  •  Policy implications? The HeyMikey plan. (0+ / 0-)

    1. Raise minimum wage to living wage.

    2. Require overtime to start at 30 hours a week, not 40.

    This would push employers to spread the same amount of work around among more people, i.e., hire new people instead of working the existing people more.

    Math:

    Let's say living-wage level is annual poverty level x 125% divided by 50 weeks divided by 30 hours a week. Thus by working 30 hours a week, you'd earn 125% of poverty, with two weeks off a year for sick & personal time.

    Poverty for a family of 4 is now officially about $23,000. (Unrealistically low, but let's use that for now.) Times 125% = $28,750. Divided by 50 weeks = $575 a week. Divided by 30 hours = $19.17 per hour.

    Voila, the HeyMikey minimum wage: $19 an hour.

    "The true strength of our nation comes not from the might of our arms or the scale of our wealth, but from the enduring power of our ideals." - Barack Obama

    by HeyMikey on Fri Aug 17, 2012 at 09:13:00 AM PDT

    [ Parent ]

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