While $15/hr is an impressive bump from the current minimum wage, I'm championing something bigger, like $50/hr. That's still a lot less than I make, but nobody can live the middle-class dream on just $15/hr. If we're going to mandate a huge bump in pay for people whose output isn't worth $15/hr (if it was worth $15/hr they'd already be getting $15/hr), then why stop at working-poor wages? Why not just mandate that they get $100k/yr (my $50/hr proposal)?
If doubling the minimum wage to $15/hr won't cause huge economic disruption, massive job losses and/or massive inflation, then neither will $50/hr.
It's stunning how many people in this country don't know jack #### about economics.
Besides, if the minimum is raised to $50/hr, then AA's mechanics should be able to get something between $280/hr and $300/hr once the inflation works its way thru the economy. Just think: AMTs can get the same high hourly pay as 747 Captains.
Except that 747 Captains would be making $3,000/hr once they get their inflationary raises. 😀