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When I wrote Kia's Law in honor of Markia Nelson, I resigned myself to supporting the notion that the minimum wage should be an arbitrary number, like $15/hr. That upholds the idea that wages should be tied to education or the complexity of the job and I fully disagree.
Wages should be tied to revenue, exclusively, and the minimum wage should be tied to the average rent.
I say corporate revenue over say profit because it's easy to manipulate your profit. But revenue can't really be fudged.
I say corporate revenue over say profit because it's easy to manipulate your profit. But revenue can't really be fudged.
If the average rent for a 2b apartment is $1500, then the minimum wage should be $31.
Minimum monthly income should be set so rent would be 30% of the gross income. This would vary by state.
Minimum monthly income should be set so rent would be 30% of the gross income. This would vary by state.
Wages should also be a ratio a percentage of highest paid employee/CEO pay. I don't think a CEO should make more than 10x whatever the lowest wage worker makes.
I think tying wages to *both* of these figures is possible and reasonable.
I think tying wages to *both* of these figures is possible and reasonable.
At Dunkin, the chairman of the board made $5,000,000. So the lowest wage worker should have made at least $500k, especially since the revenue per employee at Dunkin was $1,190,000.
If each low wage worker makes Dunkin $1.19m, why should they settle for $28,800?
If each low wage worker makes Dunkin $1.19m, why should they settle for $28,800?
In Florida where Markia was imprisoned, avg rent for a 2 bedroom is about $1630. So the minimum wage should be ~$34/hr. Fighting for $15 is stupid. https://www.homesnacks.net/cities/average-rent-in-florida/
In Florida:
min wage tied to rent is $34.
Dunkin lowest wage tied to CEO* ratio is $260/hr.
Let's stop fighting for $15 and take what's owed. I'm updating Kia's Law soon but you can check it out here if you'd like: http://bit.ly/kiaslaw
min wage tied to rent is $34.
Dunkin lowest wage tied to CEO* ratio is $260/hr.
Let's stop fighting for $15 and take what's owed. I'm updating Kia's Law soon but you can check it out here if you'd like: http://bit.ly/kiaslaw
And to be clear, I support free accessible safe and quality housing. But until the college educated "leaders and thinkers" start fighting for that I can only do what I can do, which is shift the thinking on how we define our wages and think about pay.
