Minimum wage is currently $8.55/hour. Let’s just think about that for one minute. (Thinking, thinking, thinking) How many things can you buy for $8.55? The average salary in Akron, OH is a little over $47,000 per year (Cost of living in Ohio). If you only make $8.55 per year, annually at 40 hours per week, you would only bring home $17,784. OUCH… that hurts & my heart goes out to anybody making that amount of money & still making it work! (You’re the real MVP)
Ohio Senators have proposed to raise the minimum wage up to $15/hour by the year 2023. Looks like they want to raise it to $12/hour in 2020, then raise it in $1 increments yearly until 2023. That’s a $7,176 initial raise, and to a lot of families, that will help out tremendously!!
I honestly think that by raising the minimum wage, it will decrease the crime rate. It will also stimulate the economy. I think it will also decrease the employee turnover rate in a lot of companies.
The concern with some of the lawmakers is this bill will lead to issues with inflation (and I can understand that). To get around all the inflation, the proposal is to raise it gradually. They have already introduced a bill in other states like West Virginia and Kentucky and are just waiting to see if they will pass.
Do you think a raise in the minimum wage for Ohio will help & stimulate the economy?? Please comment below & let’s talk about it.