Martin Luther King, Jr. Day
Guaranteed income proposed
Last updated 1/22/2018 at 2:53pm
Will a minimum wage of $15 an hour lift a full-time worker of a family of four out of poverty? Yes and No.
Yes, it will; $15 an hour equals $25,923 yearly income. The poverty threshold for 2017 was $24,257.
No, it won’t, because the threshold will increase over time, as it historically has, but the hourly wage income will remain the same. Crossing that imaginary line is easy. One visit to the hospital or one major problem with the car will return the whole family to poverty.
We should want all families to feel secure with a liveable income, not one that teeters on the threshold. We sh...