Depends on the industry. I see fast food workers wanting $15 dollars an hour but I guess the food prices will be up. (I don't eat that stuff so I don't care just saying) Also, inflation has made buying a house impossible. Here in New York in the five boroughs, most houses cost 800,000 dollars and up. Again, the salaries are the same but more responsibilities are huge. Life is tough!What are your thoughts on the minimum wage?
Some people think it should stay at around $7/hour but there's a lot of support for $15/hour.
The issue with trickle down economics lies in that. People can't be relied on to spend their wealth, especially those that have enough to spend and still have large amounts left over that will be invested in off-shore shell companies to keep it protected and pegged to the economy.It should be $15 nationwide.
The real issue sits with the fact of wealth disparity. The rich have too much money while the middle class and poor earn less and less. This is sending the economy into an iceberg. Not enough money will circulate when the rich hoards it. That might be another discussion for another day though.
Also, in the US our health insurance is through the roof. I am self-employed but I pay 600 a month plus copays for seeing a doctor or going to a hospital. I wish we paid more taxes and had healthcare that covered everything. Btw, if you live in New York even 15 dollars an hour is nothing compared to the cost of living here. The price of goods go up (inflation) but your pay stays the same. It's a big reason why most of my friends have moved out of state. Lastly, college debt in the US is crazy I know people that have 100,000 dollar loans they are paying off. They will never be able to be debt free it's very sad.Speaking from a British aspect I think one of the biggest injustices facing young people is the age based Minimum wage. Somehow its legal, accepted and encouraged to pay 18-25 year olds less than their older peers regardless of the job you are doing. 18 Y/Os make less than 21-14 Y/Os and 21-24Y/Os make less than people older than 25 and we're not talking minor differences its a pretty significant gap.