Letter: Minimum wage hasn’t kept up in North Dakota
There is a myth and a fallacy that surrounds the recent discussion in the Herald related to the $23-per-hour average wage.
There is a myth and a fallacy that surrounds the recent discussion in the Herald related to the $23-per-hour average wage. This doesn't tell the entire story. At that rate of pay, there should be no poverty nor homelessness in North Dakota as that hourly wage equates to $47,840 a year prior to taxes. And, I am sure that not all people make that amount of money per year. I know that my two sons don't come even close to that amount – based on their hourly pay, which is above the $7.25 noted in the article.
The other part to this argument is that there needs to be a realization that minimum wage has not kept abreast of inflationary costs of items needed to live (notice the word "live" is not "survive"), such as food, gas, insurance, housing and all the other items needed to live a life without worry, nor does it get an annual inflation adjustment like social security and wage increases for industry.
But, then again it was the stereotypical answer – the free market takes care of itself and the attitude that $7.25 is sufficient by those who hold the power. The free market doesn't benefit all, only those who currently have the means to live and are in a tax bracket above the poverty level.
Finally, the myth of that average hourly wage. Average means the middle range based on the high and the low end of hourly wage. I would guess that if the outlier salaries associated with CEOs, CFOs, and other salaries that average above $95,000 were thrown out there would be a more realistic amount noted.
Only our own are hurt by this cavalier attitude. Does no one else think 10 years is 10 years too long for a minimum wage adjustment?