“. . . Bret: The minimum wage hike is a terrible idea. It makes it more difficult for small businesses, like restaurants, to hire younger or unskilled workers. It encourages large franchises to move toward increased automation. The economy already got trillions of dollars in stimulus last year, most recently a $900 billion bill passed at the end of December. Shouldn’t the economy digest that meal before we move on to the next course? Otherwise we’re going to end up like Marcello Mastroianni in “La Grande Bouffe,” if you happen to recall that particular epic.”
David Lindsay Jr.
Hamden, CT | NYT comment:
Dear Bret and Gail, this column is excellent, and good for all of us, keep it up. Bret, you sound a bit out of touch on poo pooing a hike in the minimum wage. I strongly recommend that you your read and report on a terrific book called “Nickel and Dimed.” “Nickel and Dimed: On (Not) Getting By in America” is a book written by Barbara Ehrenreich. Written from her perspective as an undercover journalist, it sets out to investigate the impact of the 1996 welfare reform act on the working poor in the United States. The events related in the book took place between spring 1998 and summer 2000. The book was first published in 2001 by Metropolitan Books. An earlier version appeared as an article in the January 1999 issue of Harper’s magazine.” -Wikipedia.
On this same topic, I recommend you see and comment on the new film Nomadland, which made me remember “Nickel and Dimed.” The main character in the new movie, also, can’t make ends meet with the low wages she earns, and she doesn’t even have rent, just seasonal van repairs. I’m hearing good things about a compromise new minimum Federal wage of 12 dollars. Without a higher minimum, how do we ensure that adults who work full time aren’t also stuck in poverty? There is a related issue, poor people in jail for dept.