Was reading thru the official platforms of both major parties when I came across the following phrase on the Democratic Platform. We have all heard this idea, but it was weird seeing it in print on their official platform:
"...and create new ways for workers to have power in the economy so every worker can earn at least $15 an hour."
What struck me is not so much the radical amount of the proposed increase, but simply the arbitrary nature of the statement. What is so special about $15 an hour? What will be special about the figure in 20 years?
I have this idea, but I need help figuring out the logistics of it. Flame away; it will help me think through it. Just try to offer something constructive along with any snarky responses:
What would a mandatory profit-sharing business model look like? Could something like that possibly work, in addition to (or instead of) our current minimum wage?
Appreciate the responses :-)