Recently, Seattle passed a law making their city's minimum wage $15 an hour. On an annual basis, that matches the starting pay of a North Carolina school teacher. The Seattle city council voted unanimously for the wage legislation that will be phased in over a period of three to seven years, depending on the employer's size. The rate is also pegged to inflation, with automatic adjustments. "With inaction at the state and national levels, it's time for cities to demonstrate bold and necessary leadership to address income inequality," commented one of Seattle’s councilmen.
The federal minimum wage was born during the Great Depression as a wage floor with the rate set at 25 cents an hour or roughly $4 an hour in today's money. The push now is to transform the minimum wage to a standard or “living” wage that will, in theory, achieve “income equality.”
The shift in terminology from minimum wage to “living wage” is ingenious. How could anyone deny someone a living wage? That's like denying them life itself, isn't it? Who wants minimum, it's an inferior thing. Greece's $5 an hour or Mexico's $5 a day are for folks who don't know what living is.