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"Mr. Gotzman left out a word. It would appear that the Governor's motto for this budget cycle is "Tax and Spend and Save for a Rainy Day." I'm fine with that, personally.
As a senior living on a fixed income that's significantly lower than the median in Minneapolis, I dislike crumbling roads and bridges as much as anyone. If raising the tax on gasoline – whether at the wholesale or the retail level – is what it takes to keep the region's (and state's) roads and bridges in safe operating condition, so be it. There ain't no free lunch…
While I'm not wedded to the specific figure of $15 an hour as a minimum wage, I do think that the current minimum wage is far too low. $10 an hour, which is, I believe, still somewhat above the current minimum, yields an annual income of less than $21,000. It appears, based on online sources, that average 1-bedroom apartment rental in Minneapolis is just over $1,000 a month – out of an income, at $10 an hour, of just over $1700 a month. It's nearly 60% of that monthly income, and for an "average" 1-bedroom apartment. Add another $100+ for utilities every month, toss in $200 a month for food, and there's not much left with which to take part in a "consumer economy," no matter how broadly it's defined.
I do agree that it's going to be an interesting election cycle." Ray
"Living Large. I will never understand the 1 bedroom apartment concept on one income as the standard.
Back when I was making minimum wage I had 5 room mates with who to split the rent, utilities, etc. Then of course I moved into the marriage stage of my life where we had 2 incomes to support the 1 bedroom apartment.
I believe the idea is to make living on minimum wage relatively uncomfortable so that people are encouraged to improve their earning potential. Unless you would prefer for them to stay trapped at the bottom rungs of the work force.
"I think we've passed the point where people are merely "living uncomfortably" and are to the point where it's unsustainable. Yes, people can cram a lot of bodies into an apartment and split the rent, but that only delays the issue as wages continue to stagnate and productivity gains are funneled to the wealthiest Americans.
Most cities have housing codes that only allow so many people per house. What do you do when five people no longer cuts it and ten is illegal? It's better to take action now than wait till it becomes a crisis." Todd
"I agree. Let's take action.
The goal needs to be to increase the quality / capability of and the need for American workers, not just their wages. Increasing the cost without increasing the value will just encourage more American consumers to buy even more from overseas, and drive companies to automate more positions.
If you really want to help, how do we as a society close the achievement gap and develop a culture where Americans are willing to pay more for High Domestic Content Products and Services. Now who is willing to give up their Subaru, Hyundai, Kia, Samsung, LG, Sony, etc, etc, etc?" G2A