Last week the attention was focused on the election results which heavily favored Republicans. Maryland will now have a Republican governor, and the Senate majority has shifted as well.
Voters made other decisions, however, that would seem to be at odds with the Republican platform. Alaska, Arkansas, Nebraska and South Dakota all raised their minimum wages by voter say so. States with higher minimum wages, click here.
Other minimum wages hikes, including in Maryland, were accomplished by legislation. Maryland’s minimum wage will rise to $8.00 per hour on January 1, 2015, and rise again six months later.
In addition, some cities, such as the District of Columbia and Seattle have locally imposed higher minimum wages.
Not many people believe that the current rate of $7.25 per hour is a livable wage, especially in more expensive parts of the country. But is a low minimum wage inevitable? Recent news has revealed that Danish fast food workers make the equivalent of $20 per hour. A similar increase here would evidently reduce fast food company profits, but surely it would help lower income wage earners be able to eat out more often. Lower profit margin times more units can also turn a tidy profit; otherwise known as a rising tide lifts all boats.