I've given this some thought, and yes IGW is FOS. I do a considerable amount of work in manufacturing (light manufacturing - largely cut and sew factories for sporting goods, uniforms, and construction gear). $15 will crush this industry. Even when things are going well their margins are tight because of overseas competition and how simple it's become for companies of any size to manufacture overseas. Schutt (football helmets etc.) entered bankruptcy last month (parent co.). They were 58 mil in the hole. They had a factory in southern Illinois and one in Florida. For certain industries it's almost impossible to manufacture in the states and be competitive.
If the argument is that minimum wage isn't a living wage - it was never intended to be a living wage, as we discussed earlier in this thread. That doesn't resolve the issue of too many folks relying on minimum wage for their existence. I'm becoming more and more persuaded that UBI is the best solution. A heavily, mean's-tested UBI. This will elevate our floor without having a deleterious impact on businesses that are already fighting to keep afloat.
So this is where I diverge a bit on the living wage concept.
Who is making minimum wage in this light manufactory base? Or let's even, who is making $12 per hour? (Because a $3 raise is pretty substantial to anyone in the middle class. It's $6,200 raise.) I'm just trying to get a feel for this.
I have no issue with people who do actual labor making a living wage.
A separate note:
UBI is awfully socialistic. It would go beyond being just a social program. I get raising the floor, but I would only want this as a temporary fix or a highly scrutinized form of compensation. I would have incentives in the program to move people through it. I would want to know where the money is being spent.
There would be no way to turn these payments into cash.
No need to give people cash who are just going to turn around and spend it on the thing(s) that make them unemployable. (I realize I'm pretty Draconian on this.) That said, I would have incentives for things like rehab, counseling, etc.
They would be debit cards, which could only be used with partner businesses, including housing. I would make it easy for a business to be part of the program, with the only real requirements being all payments are made with the card, all returns go back to the card. Might even lock out all alcohol purchases with that card.
This would not be a living wage, or even get the person to the poverty line. This would be an amount that would allow for 2-3 people to live together though.
If they live through the parameters of the program, they could always have a home, always have food and always have clothes, not that those would be the only things the credit could be spent on. They would be encouraged to extend their education or attain job skills. It would, of course, include healthcare. It would compel them to improve while still keeping them afloat.